Houlihan Lokey (HLI) Change in Taxes (2014 - 2025)
Houlihan Lokey (HLI) posted Change in Taxes of -$9.3 million for Q2 2025, down 1237.79% on a QoQ basis from $815000.0 in Q1 2025, and up 39.39% year-over-year from -$6.7 million in Q2 2024.
Analysis
Houlihan Lokey (HLI) Change in Taxes (2014 - 2025) Analysis & Trends
Houlihan Lokey has reported Change in Taxes for 12 years, with the latest figure at -$9.3 million in Q2 2025.
- On a quarterly basis, Change in Taxes rose 39.39% year-over-year to -$9.3 million in Q2 2025; TTM through Jun 2025 was $45.3 million, a 238.72% increase from a year earlier, with the FY2025 full-year figure at $39.2 million, up 356.62% from the prior year.
- Change in Taxes was -$9.3 million for Q2 2025 at Houlihan Lokey, down from $815000.0 in the prior quarter.
- The five-year high for Change in Taxes was $48.8 million in Q1 2021, with the low at -$66.6 million in Q3 2022.
- Average Change in Taxes over 5 years is -$1.5 million, with a median of -$2.9 million recorded in 2023.
- The sharpest annual moves came in 2021 and 2024: Change in Taxes soared 706.92% in 2021, then plunged 850.74% in 2024.
- Over 5 years, Change in Taxes stood at $27.3 million in 2021, then tumbled by 165.46% to -$17.9 million in 2022, then surged by 35.96% to -$11.4 million in 2023, then jumped by 334.67% to $26.8 million in 2024, then plunged by 134.56% to -$9.3 million in 2025.
- The last three Change in Taxes figures came in at -$9.3 million (Q2 2025), $815000.0 (Q1 2025), and $26.8 million (Q4 2024), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Evercore | 10.14 Bn | 8.05 Bn | 975.67 Mn | -5.85 Mn |
| 2 | Jefferies Financial | 9.74 Bn | -5.67 Bn | 3.09 Bn | - |
| 3 | Houlihan Lokey | 9.07 Bn | 7.99 Bn | - | - |
| 4 | Cluster Group Holdings | 8.00 Bn | 8.00 Bn | - | - |
| 5 | PJT Partners | 5.75 Bn | 5.81 Bn | 481.98 Mn | 168,000.00 |
| 6 | Moelis | 5.25 Bn | 5.17 Bn | - | - |
| 7 | Piper Sandler Companies | 4.88 Bn | 4.77 Bn | - | - |
| 8 | Lazard | 3.95 Bn | 2.96 Bn | - | - |
| 9 | BRBI BR Partners | 3.50 Bn | 3.38 Bn | 16.77 Mn | - |
| 10 | Perella Weinberg Partners | 1.40 Bn | 1.59 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2025 | -9.27 Mn |
| Mar 31, 2025 | 815,000.00 |
| Dec 31, 2024 | 26.84 Mn |
| Sep 30, 2024 | 26.88 Mn |
| Jun 30, 2024 | -15.30 Mn |
| Mar 31, 2024 | 420,000.00 |
| Dec 31, 2023 | -11.44 Mn |
| Sep 30, 2023 | -6.31 Mn |
| Jun 30, 2023 | 2.04 Mn |
| Mar 31, 2023 | -7.77 Mn |
| Dec 31, 2022 | -17.86 Mn |
| Sep 30, 2022 | -66.57 Mn |
| Jun 30, 2022 | 8.58 Mn |
| Mar 31, 2022 | 11.78 Mn |
| Dec 31, 2021 | 27.28 Mn |
| Sep 30, 2021 | -35.64 Mn |
| Jun 30, 2021 | -9.67 Mn |
| Mar 31, 2021 | 48.80 Mn |
| Dec 31, 2020 | 36.72 Mn |
| Sep 30, 2020 | -4.41 Mn |