Houlihan Lokey (HLI) Other Operating Expenses (2014 - 2025)

Houlihan Lokey (HLI) has reported Other Operating Expenses for 12 consecutive years, with $491.9 million the latest figure, recorded in Q4 2025.

• In Q4 2025, Other Operating Expenses rose 11.59% year-over-year to $491.9 million; the TTM figure through Dec 2025 stood at $1.9 billion (up 18.15% YoY), while the FY2025 annual figure was $1.7 billion, up 22.69% from the prior year.
• Other Operating Expenses came in at $491.9 million for Q4 2025 at Houlihan Lokey, up from $449.8 million in the prior quarter.
• The five-year high for Other Operating Expenses was $609.5 million in Q4 2021, with the low at $244.8 million in Q2 2021.
• Average Other Operating Expenses over 5 years is $382.9 million, with a median of $363.7 million recorded in 2023.
• Across the five-year window, Other Operating Expenses surged 90.2% in 2021 and sank 43.91% in 2022, its largest moves.
• Year by year, Other Operating Expenses stood at $609.5 million in 2021, then sank by 43.91% to $341.8 million in 2022, then climbed by 6.33% to $363.5 million in 2023, then increased by 21.28% to $440.8 million in 2024, then gained by 11.59% to $491.9 million in 2025.
• According to Business Quant data, Other Operating Expenses over the past three periods registered $491.9 million, $449.8 million, and $450.3 million for Q4 2025, Q3 2025, and Q2 2025 respectively.