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| Date | Value |
|---|---|
| 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 |