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| 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 |