Houlihan Lokey (HLI) Payables (2015 - 2025)

Houlihan Lokey (HLI) has reported Payables for 11 consecutive years, with $107.7 million the latest figure, recorded in Q4 2025.

• In Q4 2025, Payables fell 12.56% year-over-year to $107.7 million; the TTM figure through Dec 2025 stood at $107.7 million (down 12.56% YoY), while the FY2025 annual figure was $137.2 million, up 20.2% from the prior year.
• Payables came in at $107.7 million for Q4 2025 at Houlihan Lokey, down from $108.9 million in the prior quarter.
• The five-year high for Payables was $137.2 million in Q1 2025, with the low at $60.3 million in Q3 2021.
• Average Payables over 5 years is $103.8 million, with a median of $106.6 million recorded in 2025.
• Across the five-year window, Payables jumped 124.21% in 2021 and fell 16.38% in 2023, its largest moves.
• Year by year, Payables stood at $123.4 million in 2021, then dropped by 2.77% to $120.0 million in 2022, then dropped by 16.38% to $100.3 million in 2023, then advanced by 22.74% to $123.1 million in 2024, then fell by 12.56% to $107.7 million in 2025.
• According to Business Quant data, Payables over the past three periods registered $107.7 million, $108.9 million, and $105.6 million for Q4 2025, Q3 2025, and Q2 2025 respectively.