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 (HLI) has reported EBT for 12 consecutive years, with $169.6 million the latest figure, recorded in Q4 2025.
- In Q4 2025, EBT rose 16.9% year-over-year to $169.6 million; the TTM figure through Dec 2025 stood at $578.0 million (up 15.81% YoY), while the FY2025 annual figure was $531.3 million, up 36.05% from the prior year.
- EBT came in at $169.6 million for Q4 2025 at Houlihan Lokey, up from $160.1 million in the prior quarter.
- The five-year high for EBT was $249.0 million in Q4 2021, with the low at $75.8 million in Q2 2022.
- Average EBT over 5 years is $120.9 million, with a median of $105.2 million recorded in 2021.
- Across the five-year window, EBT jumped 146.34% in 2021 and slumped 66.42% in 2022, its largest moves.
- Year by year, EBT stood at $249.0 million in 2021, then plunged by 66.42% to $83.6 million in 2022, then grew by 22.68% to $102.6 million in 2023, then surged by 41.48% to $145.1 million in 2024, then climbed by 16.9% to $169.6 million in 2025.
- According to Business Quant data, EBT over the past three periods registered $169.6 million, $160.1 million, and $98.0 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | 7.01 Bn |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | 6.49 Bn |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | 3.19 Bn |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn | 514.30 Mn |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | 411.00 Mn |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | 484.58 Mn |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | 302.92 Mn |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | 56.69 Mn |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | -254.09 Mn |
| 10 | Houlihan Lokey | 9.19 Bn | 8.14 Bn | 697.95 Mn | 169.65 Mn |
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 |