Houlihan Lokey (HLI) Retained Earnings (2015 - 2025)

Houlihan Lokey (HLI) posted quarterly Retained Earnings of $1.6 billion for Q4 2025, up 20.81% year-over-year from $1.3 billion in Q4 2024, and up 4.78% on a QoQ basis from $1.5 billion in Q3 2025.

Houlihan Lokey (HLI) Retained Earnings (2015 - 2025) Analysis & Trends

Houlihan Lokey (HLI) has reported Retained Earnings for 11 consecutive years, with $1.6 billion the latest figure, recorded in Q4 2025.

  • In Q4 2025, Retained Earnings rose 20.81% year-over-year to $1.6 billion; the TTM figure through Dec 2025 stood at $1.6 billion (up 20.81% YoY), while the FY2025 annual figure was -$63.3 million, down 105.44% from the prior year.
  • Retained Earnings came in at $1.6 billion for Q4 2025 at Houlihan Lokey, up from $1.5 billion in the prior quarter.
  • The five-year high for Retained Earnings was $1.6 billion in Q4 2025, with the low at -$79.7 million in Q3 2023.
  • Average Retained Earnings over 5 years is $660.5 million, with a median of $814.3 million recorded in 2021.
  • Across the five-year window, Retained Earnings tumbled 253.92% in 2022 and surged 2182.78% in 2025, its largest moves.
  • Year by year, Retained Earnings stood at $887.0 million in 2021, then tumbled by 107.89% to -$70.0 million in 2022, then surged by 1701.84% to $1.1 billion in 2023, then rose by 17.26% to $1.3 billion in 2024, then grew by 20.81% to $1.6 billion in 2025.
  • According to Business Quant data, Retained Earnings over the past three periods registered $1.6 billion, $1.5 billion, and $1.4 billion for Q4 2025, Q3 2025, and Q2 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Retained Earnings (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - -5.51 Bn
2 Goldman Sachs 309.79 Bn -627.76 Bn - 169.32 Bn
3 Schwab Charles 167.21 Bn 122.24 Bn - -10.76 Bn
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn 3.34 Bn
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn -1.80 Bn
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - 6.17 Bn
7 Tradeweb Markets 21.59 Bn 20.34 Bn - 7.93 Mn
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn -1.24 Bn
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn -39.40 Mn
10 Houlihan Lokey 9.19 Bn 8.14 Bn 697.95 Mn 1.59 Bn

Historic Data

Download Data
DateValue
Dec 31, 2025 1.59 Bn
Sep 30, 2025 1.52 Bn
Jun 30, 2025 1.45 Bn
Mar 31, 2025 -63.28 Mn
Dec 31, 2024 1.31 Bn
Sep 30, 2024 1.26 Bn
Jun 30, 2024 -69.57 Mn
Mar 31, 2024 1.16 Bn
Dec 31, 2023 1.12 Bn
Sep 30, 2023 -79.72 Mn
Jun 30, 2023 1.06 Bn
Mar 31, 2023 -62.81 Mn
Dec 31, 2022 -70.01 Mn
Sep 30, 2022 981.20 Mn
Jun 30, 2022 -65.66 Mn
Mar 31, 2022 -43.35 Mn
Dec 31, 2021 887.00 Mn
Sep 30, 2021 741.68 Mn
Jun 30, 2021 -18.55 Mn
Mar 31, 2021 600.10 Mn