Houlihan Lokey (HLI) Change in Taxes (2014 - 2025)

Houlihan Lokey's Change in Taxes history runs 12 years deep, the most recent figure standing at -$9.3 million for Q2 2025.

• In Q2 2025, Change in Taxes rose 39.39% year-over-year to -$9.3 million; the TTM figure through Jun 2025 stood at $45.3 million (up 238.72% YoY), while the FY2025 annual figure was $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.
• In the past five years, Change in Taxes ranged from a high of $48.8 million in Q1 2021 to a low of -$66.6 million in Q3 2022.
• Historically, Change in Taxes has averaged -$1.5 million across 5 years, with a median of -$2.9 million in 2023.
• The sharpest annual moves came in 2021 and 2024: Change in Taxes surged 706.92% in 2021, then sank 850.74% in 2024.
• A 5-year view of Change in Taxes shows it stood at $27.3 million in 2021, then plunged by 165.46% to -$17.9 million in 2022, then jumped by 35.96% to -$11.4 million in 2023, then soared by 334.67% to $26.8 million in 2024, then sank 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.