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

Houlihan Lokey (HLI) has reported Tax Rate for 12 consecutive years, with 31.3% the latest figure, recorded in 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 came in at 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 0.53% in Q2 2025.
• Average Tax Rate over 5 years is 24.38%, with a median of 28.03% recorded in 2022.
• Across the five-year window, Tax Rate surged 4776 bps in 2021 and slumped 1360 bps in 2022, its largest moves.
• Year by year, Tax Rate stood at 30.0% in 2021, then declined by 18 bps to 24.59% in 2022, then gained by 26 bps to 30.97% in 2023, then advanced by 11 bps to 34.33% in 2024, then declined by 9 bps to 31.3% in 2025.
• According to Business Quant data, Tax Rate over the past three periods registered 31.3%, 30.16%, and 0.53% for Q4 2025, Q3 2025, and Q2 2025 respectively.