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

Houlihan Lokey's Tax Rate history runs 12 years deep, the most recent figure standing at 31.3% for Q4 2025.

• In Q4 2025, Tax Rate fell 303.0% year-over-year to 31.3%; the TTM figure through Dec 2025 stood at 22.53% (down 557.0% YoY), while the FY2025 annual figure was 24.77%, down 345.0% from the prior year.
• Tax Rate was 31.3% for Q4 2025 at Houlihan Lokey, up from 30.16% in the prior quarter.
• In the past five years, Tax Rate ranged from a high of 34.33% in Q4 2024 to a low of 0.53% in Q2 2025.
• Historically, Tax Rate has averaged 24.38% across 5 years, with a median of 28.03% in 2022.
• The sharpest annual moves came in 2021 and 2022: Tax Rate surged 4776 bps in 2021, then sank 1360 bps in 2022.
• A 5-year view of Tax Rate shows it stood at 30.0% in 2021, then decreased by 18 bps to 24.59% in 2022, then grew by 26 bps to 30.97% in 2023, then increased by 11 bps to 34.33% in 2024, then decreased by 9 bps to 31.3% in 2025.
• The last three Tax Rate figures came in at 31.3% (Q4 2025), 30.16% (Q3 2025), and 0.53% (Q2 2025), per Business Quant data.