Houlihan Lokey (HLI) Revenue (2014 - 2025)

Houlihan Lokey's Revenue history runs 12 years deep, the most recent figure standing at $717.1 million for Q4 2025.

• In Q4 2025, Revenue rose 13.03% year-over-year to $717.1 million; the TTM figure through Dec 2025 stood at $2.6 billion (up 18.05% YoY), while the FY2025 annual figure was $2.4 billion, up 24.81% from the prior year.
• Revenue was $717.1 million for Q4 2025 at Houlihan Lokey, up from $659.5 million in the prior quarter.
• In the past five years, Revenue ranged from a high of $888.8 million in Q4 2021 to a low of $261.2 million in Q1 2022.
• Historically, Revenue has averaged $532.8 million across 5 years, with a median of $512.4 million in 2023.
• The sharpest annual moves came in 2021 and 2022: Revenue jumped 94.85% in 2021, then plunged 48.64% in 2022.
• A 5-year view of Revenue shows it stood at $888.8 million in 2021, then slumped by 48.64% to $456.5 million in 2022, then advanced by 11.97% to $511.1 million in 2023, then gained by 24.12% to $634.4 million in 2024, then rose by 13.03% to $717.1 million in 2025.
• The last three Revenue figures came in at $717.1 million (Q4 2025), $659.5 million (Q3 2025), and $605.3 million (Q2 2025), per Business Quant data.