Houlihan Lokey HLI
NYSE HLI
$130.49 -2.20 (-1.66%)
At close: Sep 18, 2026 · 4:00 PM EDT

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

Historic Data

Download Data
DateValue
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