Houlihan Lokey (HLI) Operating Income (2014 - 2025)

Houlihan Lokey has reported Operating Income for 12 years, with the latest figure at $160.7 million in Q4 2025.

• Operating Income for Q4 2025 came in at $160.7 million, up 18.1% year-over-year; the trailing twelve-month figure through Dec 2025 was $542.1 million (up 16.78% YoY), and the FY2025 annual result was $501.5 million, up 38.22% from the prior year.
• Operating Income rose to $160.7 million in Q4 2025, from $151.3 million in the prior quarter.
• Over five years, Operating Income peaked at $249.3 million in Q4 2021 and troughed at $73.3 million in Q2 2023.
• A 5-year average of $118.1 million and a median of $100.7 million in 2022 frame the typical range for Operating Income.
• The widest annual swing landed in 2021, when Operating Income soared 152.82%; it then plunged 66.23% in 2022.
• A 5-year view of Operating Income shows it stood at $249.3 million in 2021, then plunged by 66.23% to $84.2 million in 2022, then climbed by 14.69% to $96.5 million in 2023, then surged by 40.98% to $136.1 million in 2024, then increased by 18.1% to $160.7 million in 2025.
• Per Business Quant data, the three most recent Operating Income figures were $160.7 million in Q4 2025, $151.3 million in Q3 2025, and $90.0 million in Q2 2025.