Houlihan Lokey (HLI) EBT (2014 - 2025)
Houlihan Lokey (HLI) posted quarterly EBT of $169.6 million for Q4 2025, up 16.9% year-over-year from $145.1 million in Q4 2024, and up 5.99% on a QoQ basis from $160.1 million in Q3 2025.
Houlihan Lokey (HLI) EBT (2014 - 2025) Analysis & Trends
Houlihan Lokey has reported EBT for 12 years, with the latest figure at $169.6 million in Q4 2025.
- EBT for Q4 2025 came in at $169.6 million, up 16.9% year-over-year; the trailing twelve-month figure through Dec 2025 was $578.0 million (up 15.8% YoY), and the FY2025 annual result was $531.3 million, up 36.05% from the prior year.
- EBT advanced to $169.6 million in Q4 2025, from $160.1 million in the prior quarter.
- Over five years, EBT peaked at $249.0 million in Q4 2021 and troughed at $75.8 million in Q2 2022.
- A 5-year average of $120.9 million and a median of $105.2 million in 2021 frame the typical range for EBT.
- The widest annual swing landed in 2021, when EBT jumped 146.34%; it then plunged 66.42% in 2022.
- A 5-year view of EBT shows it stood at $249.0 million in 2021, then plunged by 66.42% to $83.6 million in 2022, then rose by 22.68% to $102.6 million in 2023, then jumped by 41.48% to $145.1 million in 2024, then increased by 16.9% to $169.6 million in 2025.
- Per Business Quant data, the three most recent EBT figures were $169.6 million in Q4 2025, $160.1 million in Q3 2025, and $98.0 million in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 338.83 Bn | 205.30 Bn | - | 7.35 Bn |
| 2 | Goldman Sachs | 316.34 Bn | -660.01 Bn | - | 8.56 Bn |
| 3 | Schwab Charles | 220.55 Bn | 135.80 Bn | - | 3.19 Bn |
| 4 | Futu Holdings | 121.48 Bn | 105.59 Bn | 733.58 Mn | 514.30 Mn |
| 5 | Robinhood Markets | 84.07 Bn | 66.74 Bn | 1.20 Bn | 709.00 Mn |
| 6 | Iren | 68.17 Bn | 65.95 Bn | 104.86 Mn | -254.09 Mn |
| 7 | ATIF Holdings | 45.42 Bn | 45.42 Bn | - | - |
| 8 | Interactive Brokers | 39.54 Bn | -3.28 Bn | - | 1.29 Bn |
| 9 | LPL Financial Holdings | 28.27 Bn | 25.57 Bn | - | 515.50 Mn |
| 10 | Houlihan Lokey | 6.95 Bn | 5.88 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 169.65 Mn |
| Sep 30, 2025 | 160.05 Mn |
| Jun 30, 2025 | 98.05 Mn |
| Mar 31, 2025 | 150.26 Mn |
| Dec 31, 2024 | 145.12 Mn |
| Sep 30, 2024 | 136.09 Mn |
| Jun 30, 2024 | 99.87 Mn |
| Mar 31, 2024 | 118.04 Mn |
| Dec 31, 2023 | 102.58 Mn |
| Sep 30, 2023 | 93.57 Mn |
| Jun 30, 2023 | 76.35 Mn |
| Mar 31, 2023 | 80.30 Mn |
| Dec 31, 2022 | 83.61 Mn |
| Sep 30, 2022 | 84.27 Mn |
| Jun 30, 2022 | 75.82 Mn |
| Mar 31, 2022 | 90.69 Mn |
| Dec 31, 2021 | 249.01 Mn |
| Sep 30, 2021 | 156.47 Mn |
| Jun 30, 2021 | 107.78 Mn |
| Mar 31, 2021 | 139.80 Mn |