Houlihan Lokey (HLI) Goodwill (2015 - 2026)
Houlihan Lokey's Goodwill was $1.4 billion in fiscal Q4 2026 (quarter ended Mar 31, 2026), up 8.7% from $1.28 billion a year earlier and up 8.0% from the prior quarter.
Houlihan Lokey (HLI) Goodwill (2015 - 2026) Analysis & Trends
From fiscal Q4 2015 onward, Houlihan Lokey has reported Goodwill for 44 quarters.
- Goodwill has now increased for 11 consecutive fiscal years, with a five-year compound annual growth rate of 15.8% (FY2021 to FY2026).
- In earlier fiscal years, Goodwill was $1.28 billion in FY2025 (+13.9%), $1.13 billion in FY2024 (+3.7%), $1.09 billion in FY2023 (+1.6%) and $1.07 billion in FY2022 (+59.5%).
- The fiscal Q4 2026 figure marks the highest quarterly Goodwill in data going back to fiscal Q4 2015.
- Compared with a year earlier, Goodwill has increased for 13 straight quarters, with growth averaging 9.1% over the last eight quarters.
- The best year-over-year quarter for Goodwill over five years was fiscal Q3 2022 (growth of 61.6%); the worst was fiscal Q3 2023 (a decline of 2.1%).
- Per Business Quant data, HLI's Goodwill in the three fiscal quarters before Q4 2026 was $1.29 billion (Q3 2026), $1.29 billion (Q2 2026) and $1.3 billion (Q1 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Cme | 106.56 Bn | 94.66 Bn | - |
| 2 | Intercontinental Exchange | 89.45 Bn | 83.19 Bn | - |
| 3 | Robinhood Markets | 88.18 Bn | 69.22 Bn | - |
| 4 | Nasdaq | 53.47 Bn | 50.90 Bn | 1.50 Bn |
| 5 | Interactive Brokers | 37.14 Bn | 14.26 Bn | - |
| 6 | Cboe Global Markets | 33.00 Bn | 24.66 Bn | 731.60 Mn |
| 7 | LPL Financial Holdings | 25.71 Bn | 21.03 Bn | - |
| 8 | Tradeweb Markets | 25.33 Bn | 17.34 Bn | - |
| 9 | Circle Internet | 21.30 Bn | 15.18 Bn | 288.85 Mn |
| 10 | Houlihan Lokey | 8.72 Bn | 4.75 Bn | - |
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 1.40 Bn |
| Dec 31, 2025 | 1.29 Bn |
| Sep 30, 2025 | 1.29 Bn |
| Jun 30, 2025 | 1.30 Bn |
| Mar 31, 2025 | 1.28 Bn |
| Dec 31, 2024 | 1.28 Bn |
| Sep 30, 2024 | 1.18 Bn |
| Jun 30, 2024 | 1.18 Bn |
| Mar 31, 2024 | 1.13 Bn |
| Dec 31, 2023 | 1.13 Bn |
| Sep 30, 2023 | 1.09 Bn |
| Jun 30, 2023 | 1.09 Bn |
| Mar 31, 2023 | 1.09 Bn |
| Dec 31, 2022 | 1.06 Bn |
| Sep 30, 2022 | 1.05 Bn |
| Jun 30, 2022 | 1.06 Bn |
| Mar 31, 2022 | 1.07 Bn |
| Dec 31, 2021 | 1.08 Bn |
| Sep 30, 2021 | 679.32 Mn |
| Jun 30, 2021 | 671.95 Mn |
Houlihan Lokey Goodwill API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=goodwill&ticker=HLI&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "goodwill", "ticker": "HLI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()
const res = await fetch("https://data.businessquant.com/historic?slug=goodwill&ticker=HLI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();