Growth Metrics

Houlihan Lokey (HLI) Net Margin (2016 - 2025)

Houlihan Lokey has reported Net Margin over the past 12 years, most recently at 16.25% for Q4 2025.

  • For Q4 2025, Net Margin rose 123.0% year-over-year to 16.25%; the TTM value through Dec 2025 reached 16.91%, up 91.0%, while the annual FY2025 figure was 16.73%, 209.0% up from the prior year.
  • Net Margin for Q4 2025 was 16.25% at Houlihan Lokey, down from 16.95% in the prior quarter.
  • Over five years, Net Margin peaked at 24.95% in Q1 2022 and troughed at 12.41% in Q3 2022.
  • A 5-year average of 16.99% and a median of 16.26% in 2024 define the central range for Net Margin.
  • Biggest five-year swings in Net Margin: skyrocketed 511bps in 2022 and later tumbled -1154bps in 2023.
  • Year by year, Net Margin stood at 19.61% in 2021, then fell by -30bps to 13.81% in 2022, then rose by 0bps to 13.85% in 2023, then rose by 8bps to 15.02% in 2024, then increased by 8bps to 16.25% in 2025.
  • Business Quant data shows Net Margin for HLI at 16.25% in Q4 2025, 16.95% in Q3 2025, and 16.11% in Q2 2025.