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Houlihan Lokey (HLI) Operating Expenses: 2014-2025

Historic Operating Expenses for Houlihan Lokey (HLI) over the last 12 years, with Mar 2025 value amounting to $1.9 billion.

  • 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.
  • Latest data reveals that Houlihan Lokey reported Operating Expenses of $1.9 billion as of FY2025, which was up 21.68% from $1.6 billion recorded in FY2024.
  • In the past 5 years, Houlihan Lokey's Operating Expenses registered a high of $1.9 billion during FY2025, and its lowest value of $1.1 billion during FY2021.
  • Moreover, its 3-year median value for Operating Expenses was $1.6 billion (2024), whereas its average is $1.6 billion.
  • Per our database at Business Quant, Houlihan Lokey's Operating Expenses surged by 48.31% in 2022 and then decreased by 11.43% in 2023.
  • Yearly analysis of 5 years shows Houlihan Lokey's Operating Expenses stood at $1.1 billion in 2021, then soared by 48.31% to $1.7 billion in 2022, then fell by 11.43% to $1.5 billion in 2023, then rose by 5.71% to $1.6 billion in 2024, then increased by 21.68% to $1.9 billion in 2025.