Houlihan Lokey (HLI) Payables (2015 - 2025)

Houlihan Lokey's Payables history runs 11 years deep, the most recent figure standing at $107.7 million for 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 was $107.7 million for Q4 2025 at Houlihan Lokey, down from $108.9 million in the prior quarter.
• In the past five years, Payables ranged from a high of $137.2 million in Q1 2025 to a low of $60.3 million in Q3 2021.
• Historically, Payables has averaged $103.8 million across 5 years, with a median of $106.6 million in 2025.
• The sharpest annual moves came in 2021 and 2023: Payables jumped 124.21% in 2021, then slipped 16.38% in 2023.
• A 5-year view of Payables shows it stood at $123.4 million in 2021, then retreated by 2.77% to $120.0 million in 2022, then retreated by 16.38% to $100.3 million in 2023, then increased by 22.74% to $123.1 million in 2024, then slipped by 12.56% to $107.7 million in 2025.
• The last three Payables figures came in at $107.7 million (Q4 2025), $108.9 million (Q3 2025), and $105.6 million (Q2 2025), per Business Quant data.