Houlihan Lokey (HLI) Goodwill (2015 - 2025)

Houlihan Lokey's Goodwill history runs 11 years deep, the most recent figure standing at $1.3 billion for Q4 2025.

• In Q4 2025, Goodwill rose 0.98% year-over-year to $1.3 billion; the TTM figure through Dec 2025 stood at $1.3 billion (up 0.98% YoY), while the FY2025 annual figure was $1.3 billion, up 13.93% from the prior year.
• Goodwill was $1.3 billion for Q4 2025 at Houlihan Lokey, roughly flat from $1.3 billion in the prior quarter.
• In the past five years, Goodwill ranged from a high of $1.3 billion in Q2 2025 to a low of $393.3 million in Q3 2022.
• Historically, Goodwill has averaged $983.2 million across 5 years, with a median of $1.1 billion in 2023.
• The sharpest annual moves came in 2022 and 2023: Goodwill plunged 42.11% in 2022, then surged 176.65% in 2023.
• A 5-year view of Goodwill shows it stood at $403.8 million in 2021, then jumped by 162.67% to $1.1 billion in 2022, then gained by 6.41% to $1.1 billion in 2023, then advanced by 13.44% to $1.3 billion in 2024, then rose by 0.98% to $1.3 billion in 2025.
• The last three Goodwill figures came in at $1.3 billion (Q4 2025), $1.3 billion (Q3 2025), and $1.3 billion (Q2 2025), per Business Quant data.