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

Houlihan Lokey has reported Share-based Compensation for 12 years, with the latest figure at $60.9 million in Q4 2025.

• Share-based Compensation for Q4 2025 came in at $60.9 million, up 33.64% year-over-year; the trailing twelve-month figure through Dec 2025 was $289.0 million (up 24.37% YoY), and the FY2025 annual result was $168.4 million, up 1.11% from the prior year.
• Share-based Compensation improved to $60.9 million in Q4 2025, from $46.6 million in the prior quarter.
• Over five years, Share-based Compensation peaked at $137.0 million in Q2 2025 and troughed at $15.6 million in Q1 2021.
• A 5-year average of $47.2 million and a median of $42.4 million in 2022 frame the typical range for Share-based Compensation.
• The widest annual swing landed in 2021, when Share-based Compensation retreated 5.51%; it then soared 118.4% in 2022.
• A 5-year view of Share-based Compensation shows it stood at $19.2 million in 2021, then soared by 112.82% to $40.8 million in 2022, then climbed by 7.89% to $44.0 million in 2023, then climbed by 3.67% to $45.6 million in 2024, then jumped by 33.64% to $60.9 million in 2025.
• Per Business Quant data, the three most recent Share-based Compensation figures were $60.9 million in Q4 2025, $46.6 million in Q3 2025, and $137.0 million in Q2 2025.