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
DateValue
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