Houlihan Lokey (HLI) Exchange Rate Effect (2014 - 2025)
Houlihan Lokey (HLI) posted Exchange Rate Effect of -$9.8 million for Q4 2025, down 19.36% on a QoQ basis from -$8.2 million in Q3 2025, and up 70.18% year-over-year from -$5.8 million in Q4 2024.
Analysis
Houlihan Lokey (HLI) Exchange Rate Effect (2014 - 2025) Analysis & Trends
Houlihan Lokey has reported Exchange Rate Effect for 12 years, with the latest figure at -$9.8 million in Q4 2025.
- On a quarterly basis, Exchange Rate Effect rose 70.18% year-over-year to -$9.8 million in Q4 2025; TTM through Dec 2025 was $36.8 million, a 259.37% increase from a year earlier, with the FY2025 full-year figure at -$756000.0, down 77.88% from the prior year.
- Exchange Rate Effect was -$9.8 million for Q4 2025 at Houlihan Lokey, down from -$8.2 million in the prior quarter.
- The five-year high for Exchange Rate Effect was $41.0 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.
- The sharpest annual moves came in 2022 and 2025: Exchange Rate Effect tumbled 6286.26% in 2022, then jumped 904.55% in 2025.
- Over 5 years, Exchange Rate Effect stood at -$2.8 million in 2021, then jumped by 476.68% to $10.5 million in 2022, then soared by 81.78% to $19.1 million in 2023, then tumbled by 272.27% to -$32.8 million in 2024, then soared by 70.18% to -$9.8 million in 2025.
- The last three Exchange Rate Effect figures came in at -$9.8 million (Q4 2025), -$8.2 million (Q3 2025), and $41.0 million (Q2 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Exchange Rate Effect (Qtr) |
|---|---|---|---|---|---|
| 1 | Evercore | 10.14 Bn | 8.05 Bn | 975.67 Mn | -5.30 Mn |
| 2 | Jefferies Financial | 9.74 Bn | -5.67 Bn | 3.09 Bn | -4.68 Mn |
| 3 | Houlihan Lokey | 9.07 Bn | 7.99 Bn | - | - |
| 4 | Cluster Group Holdings | 8.00 Bn | 8.00 Bn | - | - |
| 5 | PJT Partners | 5.75 Bn | 5.81 Bn | 481.98 Mn | 454,000.00 |
| 6 | Moelis | 5.25 Bn | 5.17 Bn | - | -1.28 Mn |
| 7 | Piper Sandler Companies | 4.88 Bn | 4.77 Bn | - | -257,000.00 |
| 8 | Lazard | 3.95 Bn | 2.96 Bn | - | -7.12 Mn |
| 9 | BRBI BR Partners | 3.50 Bn | 3.38 Bn | 16.77 Mn | -659,118.54 |
| 10 | Perella Weinberg Partners | 1.40 Bn | 1.59 Bn | - | -88,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | -9.79 Mn |
| Sep 30, 2025 | -8.20 Mn |
| Jun 30, 2025 | 41.00 Mn |
| Mar 31, 2025 | 13.84 Mn |
| Dec 31, 2024 | -32.83 Mn |
| Sep 30, 2024 | 23.33 Mn |
| Jun 30, 2024 | -5.10 Mn |
| Mar 31, 2024 | -8.53 Mn |
| Dec 31, 2023 | 19.06 Mn |
| Sep 30, 2023 | -9.71 Mn |
| Jun 30, 2023 | -1.24 Mn |
| Mar 31, 2023 | -1.05 Mn |
| Dec 31, 2022 | 10.48 Mn |
| Sep 30, 2022 | -10.24 Mn |
| Jun 30, 2022 | -11.26 Mn |
| Mar 31, 2022 | -12.73 Mn |
| Dec 31, 2021 | -2.78 Mn |
| Sep 30, 2021 | -1.45 Mn |
| Jun 30, 2021 | 182,000.00 |
| Mar 31, 2021 | 2.22 Mn |