Houlihan Lokey (HLI) Accumulated Expenses (2015 - 2025)

Houlihan Lokey (HLI) has reported Accumulated Expenses for 11 consecutive years, with $881.1 million the latest figure, recorded in Q4 2025.

• In Q4 2025, Accumulated Expenses rose 22.5% year-over-year to $881.1 million; the TTM figure through Dec 2025 stood at $881.1 million (up 22.5% YoY), while the FY2025 annual figure was $936.6 million, up 29.01% from the prior year.
• Accumulated Expenses came in at $881.1 million for Q4 2025 at Houlihan Lokey, up from $822.8 million in the prior quarter.
• The five-year high for Accumulated Expenses was $986.0 million in Q4 2021, with the low at $390.9 million in Q2 2021.
• Average Accumulated Expenses over 5 years is $684.0 million, with a median of $644.9 million recorded in 2021.
• Across the five-year window, Accumulated Expenses jumped 125.93% in 2021 and sank 35.23% in 2022, its largest moves.
• Year by year, Accumulated Expenses stood at $986.0 million in 2021, then tumbled by 35.23% to $638.6 million in 2022, then retreated by 9.95% to $575.1 million in 2023, then grew by 25.08% to $719.3 million in 2024, then climbed by 22.5% to $881.1 million in 2025.
• According to Business Quant data, Accumulated Expenses over the past three periods registered $881.1 million, $822.8 million, and $640.5 million for Q4 2025, Q3 2025, and Q2 2025 respectively.