Houlihan Lokey (HLI) Share-based Compensation (2014 - 2025)

Houlihan Lokey (HLI) has reported Share-based Compensation for 12 consecutive years, with $60.9 million the latest figure, recorded in Q4 2025.

• In Q4 2025, Share-based Compensation rose 33.64% year-over-year to $60.9 million; the TTM figure through Dec 2025 stood at $194.2 million (up 18.11% YoY), while the FY2025 annual figure was $168.4 million, up 1.11% from the prior year.
• Share-based Compensation came in at $60.9 million for Q4 2025 at Houlihan Lokey, up from $46.6 million in the prior quarter.
• The five-year high for Share-based Compensation was $60.9 million in Q4 2025, with the low at $15.6 million in Q1 2021.
• Average Share-based Compensation over 5 years is $37.5 million, with a median of $40.7 million recorded in 2022.
• Across the five-year window, Share-based Compensation soared 118.4% in 2022 and retreated 16.08% in 2024, its largest moves.
• Year by year, Share-based Compensation stood at $19.2 million in 2021, then jumped by 112.82% to $40.8 million in 2022, then gained by 7.89% to $44.0 million in 2023, then gained by 3.67% to $45.6 million in 2024, then surged by 33.64% to $60.9 million in 2025.
• According to Business Quant data, Share-based Compensation over the past three periods registered $60.9 million, $46.6 million, and $42.2 million for Q4 2025, Q3 2025, and Q2 2025 respectively.