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

Houlihan Lokey (HLI) has reported Operating Income for 12 consecutive years, with $160.7 million the latest figure, recorded in Q4 2025.

• In Q4 2025, Operating Income rose 18.1% year-over-year to $160.7 million; the TTM figure through Dec 2025 stood at $541.9 million (up 16.74% YoY), while the FY2025 annual figure was $501.5 million, up 38.22% from the prior year.
• Operating Income came in at $160.7 million for Q4 2025 at Houlihan Lokey, up from $151.3 million in the prior quarter.
• The five-year high for Operating Income was $249.3 million in Q4 2021, with the low at $73.3 million in Q2 2023.
• Average Operating Income over 5 years is $118.1 million, with a median of $100.7 million recorded in 2022.
• Across the five-year window, Operating Income soared 152.82% in 2021 and slumped 66.23% in 2022, its largest moves.
• Year by year, Operating Income stood at $249.3 million in 2021, then plunged by 66.23% to $84.2 million in 2022, then gained by 14.69% to $96.5 million in 2023, then soared by 40.98% to $136.1 million in 2024, then climbed by 18.1% to $160.7 million in 2025.
• According to Business Quant data, Operating Income over the past three periods registered $160.7 million, $151.3 million, and $89.8 million for Q4 2025, Q3 2025, and Q2 2025 respectively.