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.

• On a quarterly basis, Operating Income rose 18.1% year-over-year to $160.7 million in Q4 2025; TTM through Dec 2025 was $542.1 million, a 16.78% increase from a year earlier, with the FY2025 full-year figure at $501.5 million, up 38.22% from the prior year.
• Operating Income was $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.
• The sharpest annual moves came in 2021 and 2022: Operating Income jumped 152.82% in 2021, then plunged 66.23% in 2022.
• Over 5 years, Operating Income stood at $249.3 million in 2021, then slumped by 66.23% to $84.2 million in 2022, then increased by 14.69% to $96.5 million in 2023, then jumped by 40.98% to $136.1 million in 2024, then gained by 18.1% to $160.7 million in 2025.
• The last three Operating Income figures came in at $160.7 million (Q4 2025), $151.3 million (Q3 2025), and $90.0 million (Q2 2025), per Business Quant data.