Houlihan Lokey (HLI) Depreciation and Depletion (2014 - 2025)
Houlihan Lokey (HLI) posted Depreciation and Depletion of $6.99 million for fiscal Q3 2026 (quarter ended Dec 31, 2025), up 27.2% from $5.5 million a year earlier but down 9.4% from the prior quarter.
Houlihan Lokey (HLI) Depreciation and Depletion (2014 - 2025) Analysis & Trends
For the trailing twelve months through Dec 31, 2025, Depreciation and Depletion at Houlihan Lokey was $27.46 million, up 25.0% year-over-year; for FY2025 (ended Mar 31, 2025), it was $21.94 million, up 23.4% from FY2024.
- Annual Depreciation and Depletion shows a five-year compound annual growth rate of 17.4% (FY2020 to FY2025).
- In prior fiscal years, Houlihan Lokey's Depreciation and Depletion was $17.78 million in FY2024 (+34.2%), $13.25 million in FY2023 (-9.2%), $14.6 million in FY2022 (+31.9%) and $11.07 million in FY2021 (+12.5%).
- Quarterly Depreciation and Depletion has run from a low of $2.73 million in fiscal Q2 2022 to a high of $7.71 million in fiscal Q2 2026 over five years.
- On a year-over-year basis, Depreciation and Depletion has increased in each of the last three quarters, with growth averaging 38.2% over the last eight quarters.
- The strongest year-over-year quarter for Depreciation and Depletion in the past five years was fiscal Q4 2024, with growth of 84.6%; the weakest was fiscal Q4 2021, with a decline of 66.1%.
- According to Business Quant data, Depreciation and Depletion for the three prior fiscal quarters was $7.71 million (Q2 2026), $7 million (Q1 2026) and $5.76 million (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Dep. & Depletion (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 106.56 Bn | 94.66 Bn | - | 28.20 Mn |
| 2 | Intercontinental Exchange | 89.45 Bn | 83.19 Bn | - | - |
| 3 | Robinhood Markets | 88.18 Bn | 69.22 Bn | - | - |
| 4 | Nasdaq | 53.47 Bn | 50.90 Bn | 1.50 Bn | - |
| 5 | Interactive Brokers | 37.14 Bn | 14.26 Bn | - | - |
| 6 | Cboe Global Markets | 33.00 Bn | 24.66 Bn | 731.60 Mn | 11.20 Mn |
| 7 | LPL Financial Holdings | 25.71 Bn | 21.03 Bn | - | - |
| 8 | Tradeweb Markets | 25.33 Bn | 17.34 Bn | - | 7.20 Mn |
| 9 | Circle Internet | 21.30 Bn | 15.18 Bn | 288.85 Mn | 1.00 Mn |
| 10 | Houlihan Lokey | 8.72 Bn | 4.75 Bn | - | - |
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 6.99 Mn |
| Sep 30, 2025 | 7.71 Mn |
| Jun 30, 2025 | 7.00 Mn |
| Mar 31, 2025 | 5.76 Mn |
| Dec 31, 2024 | 5.50 Mn |
| Sep 30, 2024 | 5.38 Mn |
| Jun 30, 2024 | 5.32 Mn |
| Mar 31, 2024 | 5.78 Mn |
| Dec 31, 2023 | 5.10 Mn |
| Sep 30, 2023 | 3.73 Mn |
| Jun 30, 2023 | 3.18 Mn |
| Mar 31, 2023 | 3.13 Mn |
| Dec 31, 2022 | 2.89 Mn |
| Sep 30, 2022 | 3.85 Mn |
| Jun 30, 2022 | 3.38 Mn |
| Mar 31, 2022 | 4.14 Mn |
| Dec 31, 2021 | 4.62 Mn |
| Sep 30, 2021 | 2.73 Mn |
| Jun 30, 2021 | 3.11 Mn |
| Mar 31, 2021 | 2.86 Mn |
Houlihan Lokey Depreciation and Depletion 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-depletion&ticker=HLI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "depreciation-and-depletion", "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-depletion&ticker=HLI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();