Houlihan Lokey (HLI) Change in Acquisitions & Divestments (2018 - 2025)

Houlihan Lokey (HLI) posted quarterly Change in Acquisitions & Divestments of -$46.1 million for Q4 2025, down 204.17% year-over-year from $44.3 million in Q4 2024, and down 360.56% on a QoQ basis from $17.7 million in Q3 2025.

Houlihan Lokey (HLI) Change in Acquisitions & Divestments (2018 - 2025) Analysis & Trends

Houlihan Lokey has reported Change in Acquisitions & Divestments for 8 years, with the latest figure at -$46.1 million in Q4 2025.

  • Change in Acquisitions & Divestments for Q4 2025 came in at -$46.1 million, down 204.17% year-over-year; the trailing twelve-month figure through Dec 2025 was $293.0 million (up 430.21% YoY), and the FY2025 annual result was $94.3 million, up 723.05% from the prior year.
  • Change in Acquisitions & Divestments fell to -$46.1 million in Q4 2025, from $17.7 million in the prior quarter.
  • Over five years, Change in Acquisitions & Divestments peaked at $277.0 million in Q2 2025 and troughed at -$46.1 million in Q4 2025.
  • A 5-year average of $38.1 million and a median of $5.1 million in 2023 frame the typical range for Change in Acquisitions & Divestments.
  • The widest annual swing landed in 2024, when Change in Acquisitions & Divestments soared 59709.46%; it then sank 204.17% in 2025.
  • A 5-year view of Change in Acquisitions & Divestments shows it stood at $2.6 million in 2021, then slumped by 97.06% to $76000.0 in 2022, then fell by 2.63% to $74000.0 in 2023, then soared by 59709.46% to $44.3 million in 2024, then sank by 204.17% to -$46.1 million in 2025.
  • Per Business Quant data, the three most recent Change in Acquisitions & Divestments figures were -$46.1 million in Q4 2025, $17.7 million in Q3 2025, and $277.0 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Morgan Stanley 338.83 Bn 205.30 Bn -
2 Goldman Sachs 316.34 Bn -660.01 Bn -
3 Schwab Charles 220.55 Bn 135.80 Bn -
4 Futu Holdings 121.48 Bn 105.59 Bn 733.58 Mn
5 Robinhood Markets 84.07 Bn 66.74 Bn 1.20 Bn
6 Iren 68.17 Bn 65.95 Bn 104.86 Mn
7 ATIF Holdings 45.42 Bn 45.42 Bn -
8 Interactive Brokers 39.54 Bn -3.28 Bn -
9 LPL Financial Holdings 28.27 Bn 25.57 Bn -
10 Houlihan Lokey 6.95 Bn 5.88 Bn -

Historic Data

Download Data
DateValue
Dec 31, 2025 -46.10 Mn
Dec 31, 2025 -46.10 Mn
Sep 30, 2025 18.05 Mn
Sep 30, 2025 18.05 Mn
Jun 30, 2025 276.65 Mn
Jun 30, 2025 276.65 Mn
Mar 31, 2025 44.44 Mn
Mar 31, 2025 44.44 Mn
Dec 31, 2024 44.26 Mn
Dec 31, 2024 44.26 Mn
Sep 30, 2024 1.59 Mn
Sep 30, 2024 1.59 Mn
Jun 30, 2024 4.02 Mn
Jun 30, 2024 4.02 Mn
Mar 31, 2024 5.40 Mn
Mar 31, 2024 5.40 Mn
Dec 31, 2023 74,000.00
Dec 31, 2023 74,000.00
Sep 30, 2023 2.66 Mn
Sep 30, 2023 2.66 Mn