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| 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 |