Houlihan Lokey HLI
NYSE HLI
$137.14 +0.26 (+0.19%)
At close: Sep 4, 2026 · 4:00 PM EDT

Houlihan Lokey (HLI) Non Operating Income (2015 - 2025)

Houlihan Lokey (HLI) posted Non Operating Income of $8.9 million for Q4 2025, up 2.36% on a QoQ basis from $8.7 million in Q3 2025, and down 1.09% year-over-year from $9.0 million in Q4 2024.

Analysis

Houlihan Lokey (HLI) Non Operating Income (2015 - 2025) Analysis & Trends

Houlihan Lokey has reported Non Operating Income for 11 years, with the latest figure at $8.9 million in Q4 2025.

  • On a quarterly basis, Non Operating Income fell 1.09% year-over-year to $8.9 million in Q4 2025; TTM through Dec 2025 was $35.9 million, a 2.7% increase from a year earlier, with the FY2025 full-year figure at $29.8 million, up 7.63% from the prior year.
  • Non Operating Income was $8.9 million for Q4 2025 at Houlihan Lokey, up from $8.7 million in the prior quarter.
  • The five-year high for Non Operating Income was $15.3 million in Q1 2024, with the low at -$10.3 million in Q1 2023.
  • Average Non Operating Income over 5 years is $2.8 million, with a median of $3.2 million recorded in 2023.
  • The sharpest annual moves came in 2022 and 2023: Non Operating Income plunged 1831.68% in 2022, then jumped 1171.94% in 2023.
  • Over 5 years, Non Operating Income stood at -$253000.0 in 2021, then tumbled by 122.53% to -$563000.0 in 2022, then surged by 1171.94% to $6.0 million in 2023, then jumped by 49.4% to $9.0 million in 2024, then declined by 1.09% to $8.9 million in 2025.
  • The last three Non Operating Income figures came in at $8.9 million (Q4 2025), $8.7 million (Q3 2025), and $8.0 million (Q2 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Non Op. Inc. (Qtr)
1 Evercore 11.52 Bn 9.43 Bn 975.67 Mn -
2 Jefferies Financial 11.24 Bn -4.17 Bn 3.09 Bn -
3 Houlihan Lokey 9.53 Bn 8.45 Bn - -
4 Cluster Group Holdings 8.00 Bn 8.00 Bn - -
5 PJT Partners 6.94 Bn 6.99 Bn 481.98 Mn -
6 Moelis 6.06 Bn 5.99 Bn - 2.45 Mn
7 Piper Sandler Companies 5.20 Bn 5.09 Bn - 14.09 Mn
8 Lazard 4.97 Bn 3.99 Bn - -
9 BRBI BR Partners 3.49 Bn 3.38 Bn 16.77 Mn -
10 Perella Weinberg Partners 1.81 Bn 2.01 Bn - 1.03 Mn
Historic Data

Historic Data

Download Data
DateValue
Dec 31, 2025 8.92 Mn
Sep 30, 2025 8.71 Mn
Jun 30, 2025 8.00 Mn
Mar 31, 2025 10.22 Mn
Dec 31, 2024 9.02 Mn
Sep 30, 2024 5.42 Mn
Jun 30, 2024 5.13 Mn
Mar 31, 2024 15.34 Mn
Dec 31, 2023 6.04 Mn
Sep 30, 2023 3.30 Mn
Jun 30, 2023 3.01 Mn
Mar 31, 2023 -10.32 Mn
Dec 31, 2022 -563,000.00
Sep 30, 2022 -5.10 Mn
Jun 30, 2022 -1.75 Mn
Mar 31, 2022 -7.92 Mn
Dec 31, 2021 -253,000.00
Sep 30, 2021 -853,000.00
Jun 30, 2021 101,000.00
Mar 31, 2021 -473,000.00