Houlihan Lokey (HLI) Tax Provisions (2014 - 2025)
Houlihan Lokey (HLI) reported Tax Provisions of $53.1 million for fiscal Q3 2026 (quarter ended Dec 31, 2025), up 6.6% from $49.82 million a year earlier and up 10.0% from the prior quarter.
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Analysis
Houlihan Lokey (HLI) Tax Provisions (2014 - 2025) Analysis & Trends
Over the twelve months ended Dec 31, 2025, Houlihan Lokey's Tax Provisions came in at $129.71 million, down 7.5% year-over-year; for FY2025 (ended Mar 31, 2025), it was $131.62 million, up 19.4% from FY2024.
- Tax Provisions has a five-year compound annual growth rate of 20.5% (FY2020 to FY2025).
- By fiscal year, Tax Provisions came in at $110.24 million in FY2024 (+58.0%), $69.78 million in FY2023 (-57.9%), $165.61 million in FY2022 (+71.7%) and $96.46 million in FY2021 (+86.0%).
- The fiscal Q3 2026 figure ranks as the highest quarterly Tax Provisions since fiscal Q3 2022.
- Year over year, Tax Provisions gained in five of the last seven quarters, with growth averaging 23.7%.
- The high point for year-over-year Tax Provisions in five years was fiscal Q4 2021 (growth of 239.8%); the low point was fiscal Q1 2023 (a decline of 76.9%).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 106.95 Bn | 95.04 Bn | - | 285.90 Mn |
| 2 | Robinhood Markets | 88.90 Bn | 69.94 Bn | - | 136.00 Mn |
| 3 | Intercontinental Exchange | 88.83 Bn | 82.57 Bn | - | 312.00 Mn |
| 4 | Nasdaq | 53.20 Bn | 50.63 Bn | 1.50 Bn | 146.00 Mn |
| 5 | Interactive Brokers | 36.93 Bn | 14.04 Bn | - | 118.00 Mn |
| 6 | Cboe Global Markets | 32.81 Bn | 24.47 Bn | 731.60 Mn | 141.60 Mn |
| 7 | LPL Financial Holdings | 25.81 Bn | 21.13 Bn | - | 136.24 Mn |
| 8 | Tradeweb Markets | 25.32 Bn | 17.33 Bn | - | 63.50 Mn |
| 9 | Circle Internet | 21.19 Bn | 15.07 Bn | 288.85 Mn | 4.10 Mn |
| 10 | Houlihan Lokey | 8.76 Bn | 4.80 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
API Access
Houlihan Lokey Tax Provisions API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-provisions&ticker=HLI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-provisions", "ticker": "HLI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-provisions&ticker=HLI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();