Houlihan Lokey (HLI) Net Income (2014 - 2025)
Houlihan Lokey (HLI) recorded quarterly Net Income of $116.5 million in Q4 2025, up 4.26% quarter-over-quarter from $111.8 million in Q3 2025, and up 22.29% on a YoY basis from $95.3 million in Q4 2024.
Houlihan Lokey (HLI) Net Income (2014 - 2025) Analysis & Trends
Houlihan Lokey's Net Income history runs 12 years deep, the most recent figure standing at $116.5 million for 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 was $116.5 million for Q4 2025 at Houlihan Lokey, up from $111.8 million in the prior quarter.
- In the past five years, Net Income ranged from a high of $174.3 million in Q4 2021 to a low of $59.7 million in Q1 2023.
- Historically, Net Income has averaged $89.9 million across 5 years, with a median of $87.4 million in 2021.
- The sharpest annual moves came in 2021 and 2022: Net Income soared 131.37% in 2021, then sank 63.83% in 2022.
- A 5-year view of Net Income shows it stood at $174.3 million in 2021, then tumbled by 63.83% to $63.1 million in 2022, then grew by 12.29% to $70.8 million in 2023, then surged by 34.6% to $95.3 million in 2024, then advanced by 22.29% to $116.5 million in 2025.
- The last three Net Income figures came in at $116.5 million (Q4 2025), $111.8 million (Q3 2025), and $97.5 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 96,012.83 Bn | 96,012.83 Bn | - | -65.54 Mn |
| 2 | Morgan Stanley | 328.23 Bn | 194.70 Bn | - | 5.64 Bn |
| 3 | Goldman Sachs | 313.22 Bn | -624.33 Bn | - | 5.63 Bn |
| 4 | Schwab Charles | 154.90 Bn | 109.92 Bn | - | 2.48 Bn |
| 5 | Robinhood Markets | 75.17 Bn | 70.53 Bn | 960.00 Mn | 346.00 Mn |
| 6 | Interactive Brokers | 38.41 Bn | 49.00 Bn | - | 1.17 Bn |
| 7 | LPL Financial Holdings | 23.13 Bn | 22.10 Bn | - | 356.40 Mn |
| 8 | Tradeweb Markets | 21.12 Bn | 19.87 Bn | - | 233.17 Mn |
| 9 | Circle Internet | 19.75 Bn | 18.24 Bn | 35.01 Mn | 55.29 Mn |
| 10 | Houlihan Lokey | 9.39 Bn | 8.33 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 |