Houlihan Lokey HLI
NYSE HLI
$135.96 +0.69 (+0.51%)
As of: Sep 10, 2026 · 3:59 PM EDT

Houlihan Lokey (HLI) Payout Ratio (2014 - 2025)

Houlihan Lokey (HLI) posted Payout Ratio of 0.35 for Q4 2025, down 5.54% on a QoQ basis from 0.37 in Q3 2025, and down 10.27% year-over-year from 0.39 in Q4 2024.

Analysis

Houlihan Lokey (HLI) Payout Ratio (2014 - 2025) Analysis & Trends

Houlihan Lokey has reported Payout Ratio for 12 years, with the latest figure at 0.35 in Q4 2025.

  • On a quarterly basis, Payout Ratio fell 10.27% year-over-year to 0.35 in Q4 2025; TTM through Dec 2025 was 0.39, a 14.44% decrease from a year earlier, with the FY2025 full-year figure at 0.41, down 21.96% from the prior year.
  • Payout Ratio was 0.35 for Q4 2025 at Houlihan Lokey, down from 0.37 in the prior quarter.
  • The five-year high for Payout Ratio was 0.68 in Q2 2023, with the low at 0.16 in Q4 2021.
  • Average Payout Ratio over 5 years is 0.44, with a median of 0.43 recorded in 2022.
  • The sharpest annual moves came in 2021 and 2022: Payout Ratio sank 44.82% in 2021, then surged 239.74% in 2022.
  • Over 5 years, Payout Ratio stood at 0.16 in 2021, then soared by 239.74% to 0.54 in 2022, then dropped by 7.62% to 0.5 in 2023, then retreated by 22.53% to 0.39 in 2024, then fell by 10.27% to 0.35 in 2025.
  • The last three Payout Ratio figures came in at 0.35 (Q4 2025), 0.37 (Q3 2025), and 0.54 (Q2 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Jefferies Financial 11.33 Bn -4.12 Bn 3.09 Bn
2 Evercore 10.94 Bn 8.53 Bn 975.67 Mn
3 Houlihan Lokey 9.09 Bn 7.90 Bn -
4 Cluster Group Holdings 8.00 Bn 8.00 Bn -
5 Piper Sandler Companies 5.16 Bn 4.85 Bn -
6 Moelis 4.85 Bn 4.65 Bn -
7 PJT Partners 4.61 Bn 3.99 Bn 481.98 Mn
8 Lazard 4.25 Bn 3.15 Bn -
9 BRBI BR Partners 3.58 Bn 3.46 Bn 16.77 Mn
10 Oppenheimer Holdings 1.32 Bn -246.70 Mn -
Historic Data

Historic Data

Download Data
DateValue
Dec 31, 2025 0.35
Sep 30, 2025 0.37
Jun 30, 2025 0.54
Mar 31, 2025 0.32
Dec 31, 2024 0.39
Sep 30, 2024 0.41
Jun 30, 2024 0.58
Mar 31, 2024 0.44
Dec 31, 2023 0.50
Sep 30, 2023 0.53
Jun 30, 2023 0.68
Mar 31, 2023 0.54
Dec 31, 2022 0.54
Sep 30, 2022 0.55
Jun 30, 2022 0.57
Mar 31, 2022 0.42
Dec 31, 2021 0.16
Sep 30, 2021 0.25
Jun 30, 2021 0.36
Mar 31, 2021 0.22