Houlihan Lokey (HLI) Net Income (2014 - 2025)
Houlihan Lokey (HLI) posted quarterly Net Income of $116.5 million for Q4 2025, up 22.29% year-over-year from $95.3 million in Q4 2024, and up 4.26% on a QoQ basis from $111.8 million in Q3 2025.
Houlihan Lokey (HLI) Net Income (2014 - 2025) Analysis & Trends
Houlihan Lokey (HLI) has reported Net Income for 12 consecutive years, with $116.5 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Net Income rose 22.29% year-over-year to $116.5 million; the TTM figure through Dec 2025 stood at $447.8 million (up 24.78% YoY), while the FY2025 annual figure was $399.7 million, up 42.6% from the prior year.
- Net Income came in at $116.5 million for Q4 2025 at Houlihan Lokey, up from $111.8 million in the prior quarter.
- The five-year high for Net Income was $174.3 million in Q4 2021, with the low at $59.7 million in Q1 2023.
- Average Net Income over 5 years is $89.9 million, with a median of $87.4 million recorded in 2021.
- Across the five-year window, Net Income soared 131.37% in 2021 and slumped 63.83% in 2022, its largest moves.
- Year by year, Net Income stood at $174.3 million in 2021, then plunged by 63.83% to $63.1 million in 2022, then gained by 12.29% to $70.8 million in 2023, then surged by 34.6% to $95.3 million in 2024, then increased by 22.29% to $116.5 million in 2025.
- According to Business Quant data, Net Income over the past three periods registered $116.5 million, $111.8 million, and $97.5 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | 5.64 Bn |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | 5.63 Bn |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | 2.48 Bn |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn | 598.55 Mn |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | 346.00 Mn |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | 356.40 Mn |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | 233.17 Mn |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | 55.29 Mn |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | -247.83 Mn |
| 10 | Houlihan Lokey | 9.19 Bn | 8.14 Bn | 697.95 Mn | 116.55 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 116.55 Mn |
| Sep 30, 2025 | 111.78 Mn |
| Jun 30, 2025 | 97.53 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 |