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

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

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

Houlihan Lokey's Non Operating Income history runs 11 years deep, the most recent figure standing at $8.9 million for 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 was $8.9 million for Q4 2025 at Houlihan Lokey, up from $8.7 million in the prior quarter.
  • In the past five years, Non Operating Income ranged from a high of $15.3 million in Q1 2024 to a low of -$10.3 million in Q1 2023.
  • Historically, Non Operating Income has averaged $2.8 million across 5 years, with a median of $3.2 million in 2023.
  • The sharpest annual moves came in 2022 and 2023: Non Operating Income sank 1831.68% in 2022, then soared 1171.94% in 2023.
  • A 5-year view of Non Operating Income shows it stood at -$253000.0 in 2021, then plunged 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 dropped 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 $8.2 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Non Op. Inc. (Qtr)
1 SOL Strategies 100,773.79 Bn 100,773.79 Bn - -
2 Morgan Stanley 331.35 Bn 197.82 Bn - -
3 Goldman Sachs 317.73 Bn -619.82 Bn - -
4 Schwab Charles 153.74 Bn 108.77 Bn - 222.00 Mn
5 Robinhood Markets 75.98 Bn 71.34 Bn 960.00 Mn -
6 Interactive Brokers 38.91 Bn 49.50 Bn - 66.00 Mn
7 LPL Financial Holdings 22.76 Bn 21.73 Bn - 64.38 Mn
8 Tradeweb Markets 20.90 Bn 19.65 Bn - -1.16 Mn
9 Circle Internet 20.00 Bn 18.49 Bn 35.01 Mn 11.68 Mn
10 Houlihan Lokey 9.13 Bn 8.07 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