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

Houlihan Lokey (HLI) recorded quarterly Change in Accured Expenses of $76.0 million in Q4 2025, up 186.94% quarter-over-quarter from -$87.5 million in Q3 2025, and up 661.03% on a YoY basis from $10.0 million in Q4 2024.

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

Houlihan Lokey's Change in Accured Expenses history runs 12 years deep, the most recent figure standing at $76.0 million for Q4 2025.

  • In Q4 2025, Change in Accured Expenses rose 661.03% year-over-year to $76.0 million; the TTM figure through Dec 2025 stood at $193.2 million (up 1950.7% YoY), while the FY2025 annual figure was $210.3 million, up 1006.58% from the prior year.
  • Change in Accured Expenses was $76.0 million for Q4 2025 at Houlihan Lokey, up from -$87.5 million in the prior quarter.
  • In the past five years, Change in Accured Expenses ranged from a high of $280.9 million in Q1 2023 to a low of -$375.6 million in Q2 2022.
  • Historically, Change in Accured Expenses has averaged $4.6 million across 5 years, with a median of $942500.0 in 2021.
  • The sharpest annual moves came in 2022 and 2025: Change in Accured Expenses sank 12547.04% in 2022, then soared 2695.65% in 2025.
  • A 5-year view of Change in Accured Expenses shows it stood at $27.7 million in 2021, then tumbled by 274.1% to -$48.2 million in 2022, then surged by 110.08% to $4.9 million in 2023, then jumped by 105.83% to $10.0 million in 2024, then soared by 661.03% to $76.0 million in 2025.
  • The last three Change in Accured Expenses figures came in at $76.0 million (Q4 2025), -$87.5 million (Q3 2025), and -$24.3 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Accured Expenses (Qtr)
1 SOL Strategies 96,012.83 Bn 96,012.83 Bn - -
2 Morgan Stanley 328.23 Bn 194.70 Bn - -
3 Goldman Sachs 313.22 Bn -624.33 Bn - -
4 Schwab Charles 154.90 Bn 109.92 Bn - -1.07 Bn
5 Robinhood Markets 75.17 Bn 70.53 Bn 960.00 Mn 47.00 Mn
6 Interactive Brokers 38.41 Bn 49.00 Bn - -931.00 Mn
7 LPL Financial Holdings 23.13 Bn 22.10 Bn - 223.68 Mn
8 Tradeweb Markets 21.12 Bn 19.87 Bn - -26.38 Mn
9 Circle Internet 19.75 Bn 18.24 Bn 35.01 Mn -101.45 Mn
10 Houlihan Lokey 9.39 Bn 8.33 Bn 697.95 Mn 76.05 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 76.05 Mn
Dec 31, 2025 76.05 Mn
Sep 30, 2025 -87.47 Mn
Sep 30, 2025 -87.47 Mn
Jun 30, 2025 -24.26 Mn
Jun 30, 2025 -24.26 Mn
Mar 31, 2025 228.88 Mn
Mar 31, 2025 228.88 Mn
Dec 31, 2024 9.99 Mn
Dec 31, 2024 9.99 Mn
Sep 30, 2024 205.52 Mn
Sep 30, 2024 205.52 Mn
Jun 30, 2024 -234.14 Mn
Jun 30, 2024 -234.14 Mn
Mar 31, 2024 8.19 Mn
Mar 31, 2024 8.19 Mn
Dec 31, 2023 4.86 Mn
Dec 31, 2023 4.86 Mn
Sep 30, 2023 253.06 Mn
Sep 30, 2023 253.06 Mn