Houlihan Lokey (HLI) Income from Continuing Operations (2014 - 2025)
Houlihan Lokey (HLI) reported Income from Continuing Operations of $116.55 million for fiscal Q3 2026 (quarter ended Dec 31, 2025), up 22.3% from $95.3 million a year earlier and up 4.3% from the prior quarter.
Houlihan Lokey (HLI) Income from Continuing Operations (2014 - 2025) Analysis & Trends
Over the twelve months ended Dec 31, 2025, Houlihan Lokey's Income from Continuing Operations came in at $448.25 million, up 24.9% year-over-year; for FY2025 (ended Mar 31, 2025), it was $399.71 million, up 42.6% from FY2024.
- Income from Continuing Operations has a five-year compound annual growth rate of 16.8% (FY2020 to FY2025).
- By fiscal year, Income from Continuing Operations came in at $280.3 million in FY2024 (+10.3%), $254.22 million in FY2023 (-42.0%), $438.32 million in FY2022 (+40.1%) and $312.77 million in FY2021 (+70.2%).
- Five-year quarterly Income from Continuing Operations spans a low of $59.66 million in fiscal Q4 2023 and a high of $174.31 million in fiscal Q3 2022.
- Year over year, Income from Continuing Operations has now increased in each of the last ten quarters, with growth averaging 32.2% over the last eight quarters.
- The high point for year-over-year Income from Continuing Operations in five years was fiscal Q2 2022 (growth of 131.4%); the low point was fiscal Q3 2023 (a decline of 63.8%).
- Per Business Quant data, the three fiscal quarters before Q3 2026 came in at $111.78 million (Q2 2026), $98 million (Q1 2026) and $121.92 million (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Income (Continuing) (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 106.61 Bn | 94.70 Bn | - | 1.04 Bn |
| 2 | Robinhood Markets | 91.70 Bn | 72.73 Bn | - | 573.00 Mn |
| 3 | Intercontinental Exchange | 88.95 Bn | 82.69 Bn | - | 975.00 Mn |
| 4 | Nasdaq | 54.22 Bn | 51.65 Bn | 1.50 Bn | 507.00 Mn |
| 5 | Interactive Brokers | 38.25 Bn | 15.37 Bn | - | 1.34 Bn |
| 6 | Cboe Global Markets | 33.42 Bn | 25.08 Bn | 731.60 Mn | 353.10 Mn |
| 7 | LPL Financial Holdings | 25.64 Bn | 20.96 Bn | - | 379.26 Mn |
| 8 | Tradeweb Markets | 25.45 Bn | 17.47 Bn | - | 206.69 Mn |
| 9 | Circle Internet | 22.26 Bn | 16.14 Bn | 288.85 Mn | 48.21 Mn |
| 10 | Houlihan Lokey | 8.59 Bn | 4.63 Bn | - | - |
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 116.55 Mn |
| Sep 30, 2025 | 111.78 Mn |
| Jun 30, 2025 | 98.00 Mn |
| Mar 31, 2025 | 121.92 Mn |
| Dec 31, 2024 | 95.30 Mn |
| Sep 30, 2024 | 93.55 Mn |
| Jun 30, 2024 | 88.94 Mn |
| Mar 31, 2024 | 81.08 Mn |
| Dec 31, 2023 | 70.80 Mn |
| Sep 30, 2023 | 67.03 Mn |
| Jun 30, 2023 | 61.39 Mn |
| Mar 31, 2023 | 59.66 Mn |
| Dec 31, 2022 | 63.05 Mn |
| Sep 30, 2022 | 60.73 Mn |
| Jun 30, 2022 | 70.78 Mn |
| Mar 31, 2022 | 65.17 Mn |
| Dec 31, 2021 | 174.31 Mn |
| Sep 30, 2021 | 112.88 Mn |
| Jun 30, 2021 | 85.96 Mn |
| Mar 31, 2021 | 99.37 Mn |
Houlihan Lokey Income from Continuing Operations 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=income-from-continuing-operations&ticker=HLI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "income-from-continuing-operations", "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=income-from-continuing-operations&ticker=HLI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();