Houlihan Lokey (HLI) Capital Expenditures (2014 - 2025)
Houlihan Lokey (HLI) posted Capital Expenditures of $639,000 for fiscal Q3 2026 (quarter ended Dec 31, 2025), down 83.4% from $3.85 million a year earlier and down 73.6% from the prior quarter.
Powered by 
Analysis
Houlihan Lokey (HLI) Capital Expenditures (2014 - 2025) Analysis & Trends
For the trailing twelve months through Dec 31, 2025, Capital Expenditures at Houlihan Lokey was $30.54 million, down 18.4% year-over-year; for FY2025 (ended Mar 31, 2025), it was $39.7 million, down 40.5% from FY2024.
- Annual Capital Expenditures shows a five-year compound annual growth rate of 13.9% (FY2020 to FY2025).
- In prior fiscal years, Houlihan Lokey's Capital Expenditures was $66.73 million in FY2024 (+31.5%), $50.73 million in FY2023 (+484.5%), $8.68 million in FY2022 (-38.6%) and $14.15 million in FY2021 (-31.7%).
- The fiscal Q3 2026 figure stands as the lowest quarterly Capital Expenditures since fiscal Q2 2017.
- On a year-over-year basis, Capital Expenditures increased in two of the last eight quarters, with an average decline of 39.9%.
- The strongest year-over-year quarter for Capital Expenditures in the past five years was fiscal Q1 2024, with growth of 249.0%; the weakest was fiscal Q3 2026, with a decline of 83.4%.
- According to Business Quant data, Capital Expenditures for the three prior fiscal quarters was $2.42 million (Q2 2026), $13 million (Q1 2026) and $14.48 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 106.95 Bn | 95.05 Bn | - | 23.60 Mn |
| 2 | Robinhood Markets | 92.05 Bn | 73.08 Bn | - | 12.00 Mn |
| 3 | Intercontinental Exchange | 89.75 Bn | 83.48 Bn | - | 144.00 Mn |
| 4 | Nasdaq | 54.11 Bn | 51.54 Bn | 1.50 Bn | 77.00 Mn |
| 5 | Interactive Brokers | 38.07 Bn | 15.18 Bn | - | 18.00 Mn |
| 6 | Cboe Global Markets | 33.28 Bn | 24.93 Bn | 731.60 Mn | 33.10 Mn |
| 7 | LPL Financial Holdings | 25.70 Bn | 21.02 Bn | - | 199.45 Mn |
| 8 | Tradeweb Markets | 25.47 Bn | 17.48 Bn | - | 8.33 Mn |
| 9 | Circle Internet | 22.54 Bn | 16.41 Bn | 288.85 Mn | 1.03 Mn |
| 10 | Houlihan Lokey | 8.59 Bn | 4.63 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 639,000.00 |
| Sep 30, 2025 | 2.42 Mn |
| Jun 30, 2025 | 13.00 Mn |
| Mar 31, 2025 | 14.48 Mn |
| Dec 31, 2024 | 3.85 Mn |
| Sep 30, 2024 | 10.50 Mn |
| Jun 30, 2024 | 10.87 Mn |
| Mar 31, 2024 | 12.22 Mn |
| Dec 31, 2023 | 15.58 Mn |
| Sep 30, 2023 | 23.27 Mn |
| Jun 30, 2023 | 15.65 Mn |
| Mar 31, 2023 | 19.09 Mn |
| Dec 31, 2022 | 13.85 Mn |
| Sep 30, 2022 | 13.31 Mn |
| Jun 30, 2022 | 4.49 Mn |
| Mar 31, 2022 | 1.13 Mn |
| Dec 31, 2021 | 5.05 Mn |
| Sep 30, 2021 | 1.10 Mn |
| Jun 30, 2021 | 1.40 Mn |
| Mar 31, 2021 | 3.15 Mn |
API Access
Houlihan Lokey Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=HLI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "HLI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=HLI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();