Houlihan Lokey (HLI) Gross Profit (2014 - 2025)
Houlihan Lokey (HLI) posted quarterly Gross Profit of $698.0 million for Q4 2025, up 13.02% year-over-year from $617.5 million in Q4 2024, and up 8.25% on a QoQ basis from $644.8 million in Q3 2025.
Houlihan Lokey (HLI) Gross Profit (2014 - 2025) Analysis & Trends
Houlihan Lokey (HLI) has reported Gross Profit for 12 consecutive years, with $698.0 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Gross Profit rose 13.02% year-over-year to $698.0 million; the TTM figure through Dec 2025 stood at $2.6 billion (up 18.31% YoY), while the FY2025 annual figure was $2.3 billion, up 25.05% from the prior year.
- Gross Profit came in at $698.0 million for Q4 2025 at Houlihan Lokey, up from $644.8 million in the prior quarter.
- The five-year high for Gross Profit was $870.9 million in Q4 2021, with the low at $245.2 million in Q1 2022.
- Average Gross Profit over 5 years is $517.3 million, with a median of $495.4 million recorded in 2023.
- Across the five-year window, Gross Profit surged 93.45% in 2021 and sank 49.97% in 2022, its largest moves.
- Year by year, Gross Profit stood at $870.9 million in 2021, then tumbled by 49.89% to $436.4 million in 2022, then rose by 13.15% to $493.9 million in 2023, then climbed by 25.04% to $617.5 million in 2024, then grew by 13.02% to $698.0 million in 2025.
- According to Business Quant data, Gross Profit over the past three periods registered $698.0 million, $644.8 million, and $584.2 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - |
| 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 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn |
| 10 | Houlihan Lokey | 9.19 Bn | 8.14 Bn | 697.95 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 697.95 Mn |
| Dec 31, 2025 | 697.95 Mn |
| Sep 30, 2025 | 644.79 Mn |
| Sep 30, 2025 | 644.79 Mn |
| Jun 30, 2025 | 584.22 Mn |
| Jun 30, 2025 | 584.22 Mn |
| Mar 31, 2025 | 651.03 Mn |
| Mar 31, 2025 | 651.03 Mn |
| Dec 31, 2024 | 617.52 Mn |
| Dec 31, 2024 | 617.52 Mn |
| Sep 30, 2024 | 554.93 Mn |
| Sep 30, 2024 | 554.93 Mn |
| Jun 30, 2024 | 497.00 Mn |
| Jun 30, 2024 | 497.00 Mn |
| Mar 31, 2024 | 509.61 Mn |
| Mar 31, 2024 | 509.61 Mn |
| Dec 31, 2023 | 493.86 Mn |
| Dec 31, 2023 | 493.86 Mn |
| Sep 30, 2023 | 452.26 Mn |
| Sep 30, 2023 | 452.26 Mn |