Houlihan Lokey (HLI) Operating Income (2014 - 2025)
Houlihan Lokey (HLI) reported Operating Income of $160.73 million for fiscal Q3 2026 (quarter ended Dec 31, 2025), up 18.1% from $136.1 million a year earlier and up 6.2% from the prior quarter.
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Analysis
Houlihan Lokey (HLI) Operating Income (2014 - 2025) Analysis & Trends
Over the twelve months ended Dec 31, 2025, Houlihan Lokey's Operating Income came in at $542.1 million, up 16.8% year-over-year; for FY2025 (ended Mar 31, 2025), it came in at $501.54 million, up 38.2% from FY2024.
- Operating Income has a five-year compound annual growth rate of 16.9% (FY2020 to FY2025).
- By fiscal year, Operating Income came in at $362.86 million in FY2024 (+6.2%), $341.74 million in FY2023 (-44.2%), $612.86 million in FY2022 (+50.2%) and $408.16 million in FY2021 (+77.8%).
- The fiscal Q3 2026 figure ranks as the highest quarterly Operating Income since fiscal Q3 2022.
- Year over year, Operating Income gained in seven of the last eight quarters, with growth averaging 24.2%.
- The high point for year-over-year Operating Income in five years was fiscal Q1 2022 (growth of 152.8%); the low point was fiscal Q3 2023 (a decline of 66.2%).
- Per Business Quant data, the three fiscal quarters before Q3 2026 came in at $151.34 million (Q2 2026), $90 million (Q1 2026) and $140.03 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 106.45 Bn | 94.55 Bn | - | 1.11 Bn |
| 2 | Robinhood Markets | 88.81 Bn | 69.85 Bn | - | - |
| 3 | Intercontinental Exchange | 88.51 Bn | 82.25 Bn | - | 1.39 Bn |
| 4 | Nasdaq | 53.17 Bn | 50.59 Bn | 1.50 Bn | 712.00 Mn |
| 5 | Interactive Brokers | 36.95 Bn | 14.06 Bn | - | - |
| 6 | Cboe Global Markets | 32.84 Bn | 24.49 Bn | 731.60 Mn | 476.00 Mn |
| 7 | LPL Financial Holdings | 25.71 Bn | 21.03 Bn | - | - |
| 8 | Tradeweb Markets | 25.37 Bn | 17.38 Bn | - | 245.26 Mn |
| 9 | Circle Internet | 21.22 Bn | 15.10 Bn | 288.85 Mn | 34.36 Mn |
| 10 | Houlihan Lokey | 8.69 Bn | 4.73 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 160.73 Mn |
| Sep 30, 2025 | 151.34 Mn |
| Jun 30, 2025 | 90.00 Mn |
| Mar 31, 2025 | 140.03 Mn |
| Dec 31, 2024 | 136.10 Mn |
| Sep 30, 2024 | 130.67 Mn |
| Jun 30, 2024 | 94.74 Mn |
| Mar 31, 2024 | 102.70 Mn |
| Dec 31, 2023 | 96.54 Mn |
| Sep 30, 2023 | 90.28 Mn |
| Jun 30, 2023 | 73.35 Mn |
| Mar 31, 2023 | 90.62 Mn |
| Dec 31, 2022 | 84.17 Mn |
| Sep 30, 2022 | 89.37 Mn |
| Jun 30, 2022 | 77.57 Mn |
| Mar 31, 2022 | 98.61 Mn |
| Dec 31, 2021 | 249.26 Mn |
| Sep 30, 2021 | 157.32 Mn |
| Jun 30, 2021 | 107.68 Mn |
| Mar 31, 2021 | 140.28 Mn |
API Access
Houlihan Lokey Operating Income API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-income&ticker=HLI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "ticker": "HLI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-income&ticker=HLI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();