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Houlihan Lokey (HLI) Operating Expenses: 2014-2025

Historic Operating Expenses for Houlihan Lokey (HLI) over the last 11 years, with Sep 2025 value amounting to $508.1 million.

  • Houlihan Lokey's Operating Expenses rose 14.37% to $508.1 million in Q3 2025 from the same period last year, while for Sep 2025 it was $2.0 billion, marking a year-over-year increase of 20.86%. This contributed to the annual value of $1.9 billion for FY2025, which is 21.68% up from last year.
  • Per Houlihan Lokey's latest filing, its Operating Expenses stood at $508.1 million for Q3 2025, which was down 1.44% from $515.5 million recorded in Q2 2025.
  • In the past 5 years, Houlihan Lokey's Operating Expenses ranged from a high of $639.5 million in Q4 2021 and a low of $265.0 million during Q2 2021.
  • Over the past 3 years, Houlihan Lokey's median Operating Expenses value was $418.9 million (recorded in 2024), while the average stood at $438.0 million.
  • Its Operating Expenses has fluctuated over the past 5 years, first surged by 81.92% in 2021, then crashed by 41.78% in 2022.
  • Quarterly analysis of 5 years shows Houlihan Lokey's Operating Expenses stood at $639.5 million in 2021, then slumped by 41.78% to $372.3 million in 2022, then increased by 11.35% to $414.6 million in 2023, then rose by 20.20% to $498.3 million in 2024, then climbed by 14.37% to $508.1 million in 2025.
  • Its Operating Expenses was $508.1 million in Q3 2025, compared to $515.5 million in Q2 2025 and $527.2 million in Q1 2025.