Houlihan Lokey (HLI) Change in Accured Expenses (2014 - 2025)

Houlihan Lokey has reported Change in Accured Expenses for 12 years, with the latest figure at $58.1 million in Q4 2025.

• Change in Accured Expenses for Q4 2025 came in at $58.1 million, down 11.46% year-over-year; the trailing twelve-month figure through Dec 2025 was $175.2 million (up 33.83% YoY), and the FY2025 annual result was $210.3 million, up 597.42% from the prior year.
• Change in Accured Expenses eased to $58.1 million in Q4 2025, from $182.3 million in the prior quarter.
• Over five years, Change in Accured Expenses peaked at $254.6 million in Q4 2021 and troughed at -$375.6 million in Q2 2022.
• A 5-year average of $14.3 million and a median of $71.8 million in 2023 frame the typical range for Change in Accured Expenses.
• The widest annual swing landed in 2022, when Change in Accured Expenses plunged 118.92%; it then surged 459.17% in 2023.
• A 5-year view of Change in Accured Expenses shows it stood at $254.6 million in 2021, then plunged by 118.92% to -$48.2 million in 2022, then jumped by 140.31% to $19.4 million in 2023, then soared by 237.82% to $65.6 million in 2024, then slipped by 11.46% to $58.1 million in 2025.
• Per Business Quant data, the three most recent Change in Accured Expenses figures were $58.1 million in Q4 2025, $182.3 million in Q3 2025, and -$294.0 million in Q2 2025.