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

Houlihan Lokey has reported Tax Rate for 12 years, with the latest figure at 31.3% in Q4 2025.

• On a quarterly basis, Tax Rate fell 303.0% year-over-year to 31.3% in Q4 2025; TTM through Dec 2025 was 22.44%, a 566.0% decrease from a year earlier, with the FY2025 full-year figure at 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.
• The five-year high for Tax Rate was 34.33% in Q4 2024, with the low at 6.65% in Q2 2022.
• Average Tax Rate over 5 years is 25.64%, with a median of 28.13% recorded in 2022.
• The sharpest annual moves came in 2021 and 2022: Tax Rate jumped 2561 bps in 2021, then plunged 1360 bps in 2022.
• Over 5 years, Tax Rate stood at 30.0% in 2021, then slipped by 18 bps to 24.59% in 2022, then increased by 26 bps to 30.97% in 2023, then rose by 11 bps to 34.33% in 2024, then slipped 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 18.86% (Q1 2025), per Business Quant data.