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

Houlihan Lokey's Other Operating Expenses history runs 12 years deep, the most recent figure standing at $491.9 million for 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 was $491.9 million for Q4 2025 at Houlihan Lokey, up from $449.8 million in the prior quarter.
• In the past five years, Other Operating Expenses ranged from a high of $609.5 million in Q4 2021 to a low of $244.8 million in Q2 2021.
• Historically, Other Operating Expenses has averaged $382.9 million across 5 years, with a median of $363.7 million in 2023.
• The sharpest annual moves came in 2021 and 2022: Other Operating Expenses surged 90.2% in 2021, then plunged 43.91% in 2022.
• A 5-year view of Other Operating Expenses shows it stood at $609.5 million in 2021, then plunged by 43.91% to $341.8 million in 2022, then rose by 6.33% to $363.5 million in 2023, then advanced by 21.28% to $440.8 million in 2024, then grew by 11.59% to $491.9 million in 2025.
• The last three Other Operating Expenses figures came in at $491.9 million (Q4 2025), $449.8 million (Q3 2025), and $450.3 million (Q2 2025), per Business Quant data.