Houlihan Lokey HLI
NYSE HLI
$130.49 -2.20 (-1.66%)
At close: Sep 18, 2026 · 4:00 PM EDT

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

Houlihan Lokey (HLI) posted Share-based Compensation of $60.9 million for Q4 2025, up 30.65% on a QoQ basis from $46.6 million in Q3 2025, and up 33.64% year-over-year from $45.6 million in Q4 2024.

Analysis

Houlihan Lokey (HLI) Share-based Compensation (2014 - 2025) Analysis & Trends

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

  • On a quarterly basis, Share-based Compensation rose 33.64% year-over-year to $60.9 million in Q4 2025; TTM through Dec 2025 was $289.0 million, a 24.37% increase from a year earlier, with the FY2025 full-year figure at $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.
  • The five-year high for Share-based Compensation was $137.0 million in Q2 2025, with the low at $15.6 million in Q1 2021.
  • Average Share-based Compensation over 5 years is $47.2 million, with a median of $42.4 million recorded in 2022.
  • The sharpest annual moves came in 2021 and 2022: Share-based Compensation declined 5.51% in 2021, then jumped 118.4% in 2022.
  • Over 5 years, Share-based Compensation stood at $19.2 million in 2021, then surged by 112.82% to $40.8 million in 2022, then increased by 7.89% to $44.0 million in 2023, then increased by 3.67% to $45.6 million in 2024, then soared 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 $137.0 million (Q2 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Share-based Compensation (Qtr)
1 Evercore 10.14 Bn 8.05 Bn 975.67 Mn 219.59 Mn
2 Jefferies Financial 9.74 Bn -5.67 Bn 3.09 Bn -52.06 Mn
3 Houlihan Lokey 9.07 Bn 7.99 Bn - -
4 Cluster Group Holdings 8.00 Bn 8.00 Bn - -
5 PJT Partners 5.75 Bn 5.81 Bn 481.98 Mn 55.47 Mn
6 Moelis 5.25 Bn 5.17 Bn - 45.48 Mn
7 Piper Sandler Companies 4.88 Bn 4.77 Bn - 46.02 Mn
8 Lazard 3.95 Bn 2.96 Bn - 3.98 Mn
9 BRBI BR Partners 3.50 Bn 3.38 Bn 16.77 Mn -
10 Perella Weinberg Partners 1.40 Bn 1.59 Bn - 12.28 Mn
Historic Data

Historic Data

Download Data
DateValue
Dec 31, 2025 60.92 Mn
Sep 30, 2025 46.63 Mn
Jun 30, 2025 137.00 Mn
Mar 31, 2025 44.46 Mn
Dec 31, 2024 45.59 Mn
Sep 30, 2024 45.33 Mn
Jun 30, 2024 100.99 Mn
Mar 31, 2024 40.47 Mn
Dec 31, 2023 43.97 Mn
Sep 30, 2023 42.74 Mn
Jun 30, 2023 69.77 Mn
Mar 31, 2023 34.17 Mn
Dec 31, 2022 40.76 Mn
Sep 30, 2022 41.40 Mn
Jun 30, 2022 42.12 Mn
Mar 31, 2022 19.48 Mn
Dec 31, 2021 19.15 Mn
Sep 30, 2021 18.96 Mn
Jun 30, 2021 34.29 Mn
Mar 31, 2021 15.64 Mn