Houlihan Lokey (HLI) Gross Profit (2014 - 2025)

Houlihan Lokey has reported Gross Profit for 12 years, with the latest figure at $698.0 million in Q4 2025.

• Gross Profit for Q4 2025 came in at $698.0 million, up 13.02% year-over-year; the trailing twelve-month figure through Dec 2025 was $2.6 billion (up 18.34% YoY), and the FY2025 annual result was $2.3 billion, up 25.05% from the prior year.
• Gross Profit grew to $698.0 million in Q4 2025, from $644.8 million in the prior quarter.
• Over five years, Gross Profit peaked at $870.9 million in Q4 2021 and troughed at $245.2 million in Q1 2022.
• A 5-year average of $517.3 million and a median of $495.4 million in 2023 frame the typical range for Gross Profit.
• The widest annual swing landed in 2021, when Gross Profit surged 93.45%; it then tumbled 49.97% in 2022.
• A 5-year view of Gross Profit shows it stood at $870.9 million in 2021, then tumbled by 49.89% to $436.4 million in 2022, then advanced by 13.15% to $493.9 million in 2023, then increased by 25.04% to $617.5 million in 2024, then rose by 13.02% to $698.0 million in 2025.
• Per Business Quant data, the three most recent Gross Profit figures were $698.0 million in Q4 2025, $644.8 million in Q3 2025, and $585.0 million in Q2 2025.