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

Houlihan Lokey (HLI) Tax Provisions (2014 - 2025)

Houlihan Lokey (HLI) posted Tax Provisions of $53.1 million for Q4 2025, up 10.0% on a QoQ basis from $48.3 million in Q3 2025, and up 6.59% year-over-year from $49.8 million in Q4 2024.

Analysis

Houlihan Lokey (HLI) Tax Provisions (2014 - 2025) Analysis & Trends

Houlihan Lokey has reported Tax Provisions for 12 years, with the latest figure at $53.1 million in Q4 2025.

  • On a quarterly basis, Tax Provisions rose 6.59% year-over-year to $53.1 million in Q4 2025; TTM through Dec 2025 was $129.7 million, a 7.52% decrease from a year earlier, with the FY2025 full-year figure at $131.6 million, up 19.4% from the prior year.
  • Tax Provisions was $53.1 million for Q4 2025 at Houlihan Lokey, up from $48.3 million in the prior quarter.
  • The five-year high for Tax Provisions was $74.7 million in Q4 2021, with the low at $5.0 million in Q2 2022.
  • Average Tax Provisions over 5 years is $32.6 million, with a median of $28.3 million recorded in 2025.
  • The sharpest annual moves came in 2021 and 2022: Tax Provisions surged 1028.78% in 2021, then plunged 76.9% in 2022.
  • Over 5 years, Tax Provisions stood at $74.7 million in 2021, then sank by 72.48% to $20.6 million in 2022, then soared by 54.54% to $31.8 million in 2023, then jumped by 56.79% to $49.8 million in 2024, then rose by 6.59% to $53.1 million in 2025.
  • The last three Tax Provisions figures came in at $53.1 million (Q4 2025), $48.3 million (Q3 2025), and $28.3 million (Q1 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Taxes (Qtr)
1 Evercore 10.14 Bn 8.05 Bn 975.67 Mn 41.09 Mn
2 Jefferies Financial 9.74 Bn -5.67 Bn 3.09 Bn 65.60 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 20.81 Mn
6 Moelis 5.25 Bn 5.17 Bn - 20.16 Mn
7 Piper Sandler Companies 4.88 Bn 4.77 Bn - 30.34 Mn
8 Lazard 3.95 Bn 2.96 Bn - 23.87 Mn
9 BRBI BR Partners 3.50 Bn 3.38 Bn 16.77 Mn -1.32 Mn
10 Perella Weinberg Partners 1.40 Bn 1.59 Bn - -247,000.00
Historic Data

Historic Data

Download Data
DateValue
Dec 31, 2025 53.10 Mn
Sep 30, 2025 48.27 Mn
Mar 31, 2025 28.34 Mn
Dec 31, 2024 49.82 Mn
Sep 30, 2024 42.54 Mn
Jun 30, 2024 10.93 Mn
Mar 31, 2024 36.96 Mn
Dec 31, 2023 31.77 Mn
Sep 30, 2023 26.54 Mn
Jun 30, 2023 14.96 Mn
Mar 31, 2023 20.64 Mn
Dec 31, 2022 20.56 Mn
Sep 30, 2022 23.54 Mn
Jun 30, 2022 5.04 Mn
Mar 31, 2022 25.52 Mn
Dec 31, 2021 74.70 Mn
Sep 30, 2021 43.58 Mn
Jun 30, 2021 21.82 Mn
Mar 31, 2021 40.44 Mn
Dec 31, 2020 40.09 Mn