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

Houlihan Lokey's Share-based Compensation history runs 12 years deep, the most recent figure standing at $60.9 million for 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 was $60.9 million for Q4 2025 at Houlihan Lokey, up from $46.6 million in the prior quarter.
• In the past five years, Share-based Compensation ranged from a high of $60.9 million in Q4 2025 to a low of $15.6 million in Q1 2021.
• Historically, Share-based Compensation has averaged $37.5 million across 5 years, with a median of $40.7 million in 2022.
• The sharpest annual moves came in 2022 and 2024: Share-based Compensation soared 118.4% in 2022, then dropped 16.08% in 2024.
• A 5-year view of Share-based Compensation shows it stood at $19.2 million in 2021, then jumped by 112.82% to $40.8 million in 2022, then grew by 7.89% to $44.0 million in 2023, then grew by 3.67% to $45.6 million in 2024, then surged by 33.64% to $60.9 million in 2025.
• The last three Share-based Compensation figures came in at $60.9 million (Q4 2025), $46.6 million (Q3 2025), and $42.2 million (Q2 2025), per Business Quant data.