Houlihan Lokey (HLI) Exchange Rate Effect (2014 - 2025)

Houlihan Lokey (HLI) posted quarterly Exchange Rate Effect of -$9.8 million for Q4 2025, up 70.18% year-over-year from -$5.8 million in Q4 2024, and down 13.45% on a QoQ basis from -$8.6 million in Q3 2025.

Houlihan Lokey (HLI) Exchange Rate Effect (2014 - 2025) Analysis & Trends

Houlihan Lokey (HLI) has reported Exchange Rate Effect for 12 consecutive years, with -$9.8 million the latest figure, recorded in Q4 2025.

  • In Q4 2025, Exchange Rate Effect rose 70.18% year-over-year to -$9.8 million; the TTM figure through Dec 2025 stood at $36.8 million (up 259.37% YoY), while the FY2025 annual figure was -$756000.0, down 77.88% from the prior year.
  • Exchange Rate Effect came in at -$9.8 million for Q4 2025 at Houlihan Lokey, down from -$8.6 million in the prior quarter.
  • The five-year high for Exchange Rate Effect was $41.4 million in Q2 2025, with the low at -$32.8 million in Q4 2024.
  • Average Exchange Rate Effect over 5 years is -$239900.0, with a median of -$2.1 million recorded in 2021.
  • Across the five-year window, Exchange Rate Effect sank 6286.26% in 2022 and surged 912.93% in 2025, its largest moves.
  • Year by year, Exchange Rate Effect stood at -$2.8 million in 2021, then soared by 476.68% to $10.5 million in 2022, then surged by 81.78% to $19.1 million in 2023, then sank by 272.27% to -$32.8 million in 2024, then surged by 70.18% to -$9.8 million in 2025.
  • According to Business Quant data, Exchange Rate Effect over the past three periods registered -$9.8 million, -$8.6 million, and $41.4 million for Q4 2025, Q3 2025, and Q2 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FX Effect (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - -928.00 Mn
2 Goldman Sachs 309.79 Bn -627.76 Bn - -848.00 Mn
3 Schwab Charles 167.21 Bn 122.24 Bn - -
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn -
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn -6.00 Mn
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - -
7 Tradeweb Markets 21.59 Bn 20.34 Bn - -1.82 Mn
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn 9.52 Mn
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn -568,000.00
10 Houlihan Lokey 9.19 Bn 8.14 Bn 697.95 Mn -9.79 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 -9.79 Mn
Dec 31, 2025 -9.79 Mn
Sep 30, 2025 -8.63 Mn
Sep 30, 2025 -8.63 Mn
Jun 30, 2025 41.43 Mn
Jun 30, 2025 41.43 Mn
Mar 31, 2025 13.84 Mn
Mar 31, 2025 13.84 Mn
Dec 31, 2024 -32.83 Mn
Dec 31, 2024 -32.83 Mn
Sep 30, 2024 23.33 Mn
Sep 30, 2024 23.33 Mn
Jun 30, 2024 -5.10 Mn
Jun 30, 2024 -5.10 Mn
Mar 31, 2024 -8.53 Mn
Mar 31, 2024 -8.53 Mn
Dec 31, 2023 19.06 Mn
Dec 31, 2023 19.06 Mn
Sep 30, 2023 -9.71 Mn
Sep 30, 2023 -9.71 Mn