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
DateValue
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