Houlihan Lokey (HLI) Depreciation & Amortization (CF) (2014 - 2025)
Houlihan Lokey's Depreciation & Amortization (CF) was $8.3 million in fiscal Q3 2026 (quarter ended Dec 31, 2025), down 13.2% from $9.56 million a year earlier and down 19.4% from the prior quarter.
Houlihan Lokey (HLI) Depreciation & Amortization (CF) (2014 - 2025) Analysis & Trends
On a trailing twelve-month basis, Houlihan Lokey's Depreciation & Amortization (CF) was $50 million through Dec 31, 2025, up 46.5% year-over-year; for FY2025 (ended Mar 31, 2025), it was $41.27 million, up 44.6% from FY2024.
- Depreciation & Amortization (CF) shows a five-year compound annual growth rate of 19.0% (FY2020 to FY2025).
- In earlier fiscal years, Depreciation & Amortization (CF) was $28.54 million in FY2024 (-51.0%), $58.22 million in FY2023 (+20.0%), $48.54 million in FY2022 (+218.7%) and $15.23 million in FY2021 (-11.9%).
- The fiscal Q3 2026 figure marks the lowest quarterly Depreciation & Amortization (CF) since fiscal Q2 2025.
- Compared with a year earlier, Depreciation & Amortization (CF) was higher in seven of the last eight quarters, with growth averaging 38.3%.
- The best year-over-year quarter for Depreciation & Amortization (CF) over five years was fiscal Q3 2022 (growth of 408.3%); the worst was fiscal Q4 2023 (a decline of 68.2%).
- Per Business Quant data, HLI's Depreciation & Amortization (CF) in the three fiscal quarters before Q3 2026 was $10.29 million (Q2 2026), $16 million (Q1 2026) and $15.41 million (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Dep. & Amort. (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 110.46 Bn | 98.55 Bn | - | 28.20 Mn |
| 2 | Intercontinental Exchange | 91.94 Bn | 85.67 Bn | - | 389.00 Mn |
| 3 | Robinhood Markets | 86.43 Bn | 67.46 Bn | - | 23.00 Mn |
| 4 | Nasdaq | 57.53 Bn | 54.96 Bn | 1.48 Bn | 165.00 Mn |
| 5 | Interactive Brokers | 36.30 Bn | 13.42 Bn | - | 17.00 Mn |
| 6 | Cboe Global Markets | 35.30 Bn | 26.96 Bn | 731.60 Mn | 28.10 Mn |
| 7 | Tradeweb Markets | 25.99 Bn | 18.01 Bn | - | 61.49 Mn |
| 8 | LPL Financial Holdings | 25.00 Bn | 20.31 Bn | - | 109.81 Mn |
| 9 | Circle Internet | 21.33 Bn | 15.21 Bn | 288.85 Mn | 29.90 Mn |
| 10 | Houlihan Lokey | 8.70 Bn | 4.74 Bn | - | - |
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 8.30 Mn |
| Sep 30, 2025 | 10.29 Mn |
| Jun 30, 2025 | 16.00 Mn |
| Mar 31, 2025 | 15.41 Mn |
| Dec 31, 2024 | 9.56 Mn |
| Sep 30, 2024 | 7.44 Mn |
| Jun 30, 2024 | 8.86 Mn |
| Mar 31, 2024 | 8.26 Mn |
| Dec 31, 2023 | 6.66 Mn |
| Sep 30, 2023 | 7.09 Mn |
| Jun 30, 2023 | 6.53 Mn |
| Mar 31, 2023 | 6.35 Mn |
| Dec 31, 2022 | 13.26 Mn |
| Sep 30, 2022 | 19.48 Mn |
| Jun 30, 2022 | 19.14 Mn |
| Mar 31, 2022 | 19.95 Mn |
| Dec 31, 2021 | 20.07 Mn |
| Sep 30, 2021 | 4.34 Mn |
| Jun 30, 2021 | 4.17 Mn |
| Mar 31, 2021 | 3.94 Mn |
Houlihan Lokey Depreciation & Amortization (CF) API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=depreciation-and-amortization-cf&ticker=HLI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "depreciation-and-amortization-cf", "ticker": "HLI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=depreciation-and-amortization-cf&ticker=HLI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();