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 19.36% on a QoQ basis from -$8.2 million in Q3 2025.
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.
- Exchange Rate Effect for Q4 2025 came in at -$9.8 million, up 70.18% year-over-year; the trailing twelve-month figure through Dec 2025 was $36.8 million (up 259.37% YoY), and the FY2025 annual result was -$756000.0, down 77.88% from the prior year.
- Exchange Rate Effect fell to -$9.8 million in Q4 2025, from -$8.2 million in the prior quarter.
- Over five years, Exchange Rate Effect peaked at $41.0 million in Q2 2025 and troughed at -$32.8 million in Q4 2024.
- A 5-year average of -$239900.0 and a median of -$2.1 million in 2021 frame the typical range for Exchange Rate Effect.
- The widest annual swing landed in 2022, when Exchange Rate Effect tumbled 6286.26%; it then soared 904.55% in 2025.
- A 5-year view of Exchange Rate Effect shows it stood at -$2.8 million in 2021, then surged by 476.68% to $10.5 million in 2022, then jumped by 81.78% to $19.1 million in 2023, then sank by 272.27% to -$32.8 million in 2024, then jumped by 70.18% to -$9.8 million in 2025.
- Per Business Quant data, the three most recent Exchange Rate Effect figures were -$9.8 million in Q4 2025, -$8.2 million in Q3 2025, and $41.0 million in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Exchange Rate Effect (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 333.21 Bn | 173.07 Bn | - | -503.00 Mn |
| 2 | Goldman Sachs | 311.14 Bn | -665.21 Bn | - | -713.00 Mn |
| 3 | Schwab Charles | 196.95 Bn | 123.36 Bn | - | - |
| 4 | Robinhood Markets | 93.19 Bn | 75.81 Bn | 1.20 Bn | -3.00 Mn |
| 5 | Interactive Brokers | 41.71 Bn | -22.59 Bn | - | -57.00 Mn |
| 6 | LPL Financial Holdings | 29.06 Bn | 26.36 Bn | - | - |
| 7 | Tradeweb Markets | 23.03 Bn | 20.97 Bn | - | -441,000.00 |
| 8 | Circle Internet | 21.70 Bn | 19.97 Bn | 288.85 Mn | -1.90 Mn |
| 9 | Futu Holdings | 16.14 Bn | 214.18 Mn | 733.58 Mn | - |
| 10 | Houlihan Lokey | 8.58 Bn | 7.39 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |