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

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

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

Houlihan Lokey (HLI) has reported Non Operating Income for 11 consecutive years, with $8.9 million the latest figure, recorded in Q4 2025.

  • In Q4 2025, Non Operating Income fell 1.09% year-over-year to $8.9 million; the TTM figure through Dec 2025 stood at $36.1 million (up 3.41% YoY), while the FY2025 annual figure was $29.8 million, up 7.63% from the prior year.
  • Non Operating Income came in at $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.
  • Across the five-year window, Non Operating Income slumped 1831.68% in 2022 and soared 1171.94% in 2023, its largest moves.
  • Year by year, Non Operating Income stood at -$253000.0 in 2021, then sank by 122.53% to -$563000.0 in 2022, then jumped by 1171.94% to $6.0 million in 2023, then soared by 49.4% to $9.0 million in 2024, then retreated by 1.09% to $8.9 million in 2025.
  • According to Business Quant data, Non Operating Income over the past three periods registered $8.9 million, $8.7 million, and $8.2 million for Q4 2025, Q3 2025, and Q2 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Non Op. Inc. (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - -
2 Goldman Sachs 309.79 Bn -627.76 Bn - -
3 Schwab Charles 167.21 Bn 122.24 Bn - 222.00 Mn
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn -
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn -
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - 64.38 Mn
7 Tradeweb Markets 21.59 Bn 20.34 Bn - -1.16 Mn
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn 11.68 Mn
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn -20.56 Mn
10 Houlihan Lokey 9.19 Bn 8.14 Bn 697.95 Mn 8.92 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 8.92 Mn
Sep 30, 2025 8.71 Mn
Jun 30, 2025 8.25 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