Houlihan Lokey (HLI) Retained Earnings (2015 - 2025)
Houlihan Lokey (HLI) recorded quarterly Retained Earnings of $1.6 billion in Q4 2025, up 4.78% quarter-over-quarter from $1.5 billion in Q3 2025, and up 20.81% on a YoY basis from $1.3 billion in Q4 2024.
Houlihan Lokey (HLI) Retained Earnings (2015 - 2025) Analysis & Trends
Houlihan Lokey's Retained Earnings history runs 11 years deep, the most recent figure standing at $1.6 billion for 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 was $1.6 billion for Q4 2025 at Houlihan Lokey, up from $1.5 billion in the prior quarter.
- In the past five years, Retained Earnings ranged from a high of $1.6 billion in Q4 2025 to a low of -$79.7 million in Q3 2023.
- Historically, Retained Earnings has averaged $660.5 million across 5 years, with a median of $814.3 million in 2021.
- The sharpest annual moves came in 2022 and 2025: Retained Earnings slumped 253.92% in 2022, then surged 2182.78% in 2025.
- A 5-year view of Retained Earnings shows it stood at $887.0 million in 2021, then slumped by 107.89% to -$70.0 million in 2022, then surged by 1701.84% to $1.1 billion in 2023, then climbed by 17.26% to $1.3 billion in 2024, then gained by 20.81% to $1.6 billion in 2025.
- The last three Retained Earnings figures came in at $1.6 billion (Q4 2025), $1.5 billion (Q3 2025), and $1.4 billion (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 100,773.79 Bn | 100,773.79 Bn | - | -103.29 Mn |
| 2 | Morgan Stanley | 331.35 Bn | 197.82 Bn | - | -5.51 Bn |
| 3 | Goldman Sachs | 317.73 Bn | -619.82 Bn | - | 169.32 Bn |
| 4 | Schwab Charles | 153.74 Bn | 108.77 Bn | - | -10.76 Bn |
| 5 | Robinhood Markets | 75.98 Bn | 71.34 Bn | 960.00 Mn | -1.80 Bn |
| 6 | Interactive Brokers | 38.91 Bn | 49.50 Bn | - | 3.60 Bn |
| 7 | LPL Financial Holdings | 22.76 Bn | 21.73 Bn | - | 6.17 Bn |
| 8 | Tradeweb Markets | 20.90 Bn | 19.65 Bn | - | 7.93 Mn |
| 9 | Circle Internet | 20.00 Bn | 18.49 Bn | 35.01 Mn | -1.24 Bn |
| 10 | Houlihan Lokey | 9.13 Bn | 8.07 Bn | 697.95 Mn | 1.59 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |