Houlihan Lokey Operating Expenses 2015-2025 | HLI

Houlihan Lokey annual/quarterly operating expenses history and growth rate from 2015 to 2025. Operating expenses can be defined as the sum of all operating expenses for the given industry.
  • Houlihan Lokey operating expenses for the quarter ending March 31, 2025 were $0.527B, a 26.2% increase year-over-year.
  • Houlihan Lokey operating expenses for the twelve months ending March 31, 2025 were $1.888B, a 21.68% increase year-over-year.
  • Houlihan Lokey annual operating expenses for 2025 were $1.888B, a 21.68% increase from 2024.
  • Houlihan Lokey annual operating expenses for 2024 were $1.552B, a 5.71% increase from 2023.
  • Houlihan Lokey annual operating expenses for 2023 were $1.468B, a 11.43% decline from 2022.
Houlihan Lokey Annual Operating Expenses
(Millions of US $)
2025 $1,888
2024 $1,552
2023 $1,468
2022 $1,657
2021 $1,117
2020 $930
2019 $865
2018 $749
2017 $690
2016 $567
2015 $552
2014 $490
Houlihan Lokey Quarterly Operating Expenses
(Millions of US $)
2025-03-31 $527
2024-12-31 $498
2024-09-30 $444
2024-06-30 $418
2024-03-31 $418
2023-12-31 $415
2023-09-30 $377
2023-06-30 $342
2023-03-31 $354
2022-12-31 $372
2022-09-30 $400
2022-06-30 $341
2022-03-31 $373
2021-12-31 $640
2021-09-30 $380
2021-06-30 $265
2021-03-31 $360
2020-12-31 $379
2020-09-30 $209
2020-06-30 $169
2020-03-31 $234
2019-12-31 $265
2019-09-30 $228
2019-06-30 $203
2019-03-31 $231
2018-12-31 $236
2018-09-30 $219
2018-06-30 $180
2018-03-31 $185
2017-12-31 $204
2017-09-30 $189
2017-06-30 $171
2017-03-31 $200
2016-12-31 $191
2016-09-30 $152
2016-06-30 $148
2016-03-31 $142
2015-12-31 $162
2015-09-30 $141
2015-06-30 $122
2015-03-31 $146
2014-12-31 $160
2014-09-30 $129
2014-06-30 $117
2014-03-31
Sector Industry Market Cap Revenue
Finance Finance - Miscellaneous Services $11.991B $2.389B
Houlihan Lokey is a global investment bank with expertise in mergers and acquisitions, capital solutions, financial restructuring and financial and valuation advisory. The firm serves corporations, institutions, and governments worldwide with offices in the Americas, Europe, the Middle East, and the Asia-Pacific region. Independent advice and intellectual rigor are hallmarks of the firm's commitment to client success across its advisory services.
Stock Name Country Market Cap PE Ratio
American Express (AXP) United States $205.139B 21.44
Blackstone (BX) United States $99.006B 28.57
Brookfield Asset Management (BAM) Canada $87.061B 35.52
Moody's (MCO) United States $84.774B 36.42
Coinbase Global (COIN) United States $64.447B 36.16
Circle Internet (CRCL) United States $33.192B 0.00
Grupo Financiero Banorte SAB De CV (GBOOY) Mexico $25.105B 0.00
Orix Corp Ads (IX) Japan $24.150B 10.50
Synchrony Financial (SYF) United States $22.946B 8.27
SoFi Technologies (SOFI) United States $15.950B 84.88
Brookfield Wealth Solutions (BNT) Bermuda $13.897B 175.15
BB Seguridade Participacoes SA (BBSEY) Brazil $13.060B 8.27
Jefferies Financial Group (JEF) United States $10.868B 17.16
XP (XP) Brazil $10.700B 12.85
Daiwa Securities Group (DSEEY) Japan $9.652B 9.28
Freedom Holding (FRHC) $8.806B 108.09
SouthState (SSB) United States $8.640B 10.96
Blue Owl Capital (OBDC) United States $7.395B 7.99
Virtu Financial (VIRT) United States $6.466B 11.43
Galaxy Digital (GLXY) United States $6.412B 0.00
StepStone Group (STEP) United States $6.132B 25.69
Rithm Capital (RITM) United States $5.890B 5.22
Marathon Digital Holdings (MARA) United States $5.163B 66.68
Upstart Holdings (UPST) United States $5.081B 0.00
Abrdn (SLFPY) United Kingdom $4.915B 0.00
Lazard (LAZ) United States $4.843B 19.17
Webull (BULL) United States $4.791B 64.88
Euronet Worldwide (EEFT) United States $4.440B 13.56
StoneX Group (SNEX) United States $4.154B 14.30
Intercorp Financial Services (IFS) Peru $4.130B 9.62
AXOS FINANCIAL, INC (AX) United States $3.934B 9.40
PJT Partners (PJT) United States $3.724B 30.07
Core Scientific (CORZ) United States $3.541B 0.00
Riot Platforms (RIOT) United States $3.451B 0.00
CI Financial (CIXXF) Canada $3.353B 8.30
Inter (INTR) Brazil $3.285B 18.22
HA Sustainable Infrastructure Capital (HASI) United States $3.108B 11.63
Marex Group (MRX) United Kingdom $2.873B 11.86
Community Financial System (CBU) United States $2.851B 14.78
Lufax Holding (LU) China $2.513B 0.00
Cleanspark (CLSK) United States $2.500B 0.00
Applied Digital (APLD) United States $2.474B 0.00
Bread Financial Holdings (BFH) United States $2.407B 6.66
Burford Capital (BUR) $2.386B 11.73
PPDAI Group (FINV) China $2.345B 6.39
IREN (IREN) Australia $1.835B 0.00
Hut 8 (HUT) United States $1.771B 0.00
Perella Weinberg Partners (PWP) United States $1.564B 13.50
TeraWulf (WULF) United States $1.519B 0.00
WisdomTree (WT) United States $1.489B 15.12
Columbia Financial (CLBK) United States $1.443B 44.35
Pagaya Technologies (PGY) United States $1.389B 30.58
Triumph Financial (TFIN) United States $1.304B 126.54
LendingClub (LC) United States $1.256B 23.40
Oaktree Specialty Lending (OCSL) United States $1.206B 6.55
MidCap Financial Investment (MFIC) United States $1.142B 7.37
Acadian Asset Management (AAMI) United States $1.123B 10.90
CTT Correios De Portugal, S.A (CTTPY) Portugal $1.087B 25.38
P10 (PX) United States $1.010B 9.01
Guild Holdings (GHLD) United States $0.978B 10.21
Burke & Herbert Financial Services (BHRB) United States $0.842B 7.39
NerdWallet (NRDS) United States $0.805B 0.00
Atlanticus Holdings (ATLC) United States $0.752B 9.62
X Financial (XYF) China $0.708B 3.55
Coincheck Group (CNCK) United States $0.651B 0.00
Vinci Partners Investments (VINP) Brazil $0.611B 15.64
PRA (PRAA) United States $0.572B 9.08
AlTi Global (ALTI) United States $0.562B 0.00
Sun Hung Kai And (SHGKY) Hong Kong, SAR China $0.546B 0.00
Alerus Financial (ALRS) United States $0.531B 13.32
BitFuFu (FUFU) Singapore $0.524B 160.50
ChoiceOne Financial Services (COFS) United States $0.412B 7.88
Bitcoin Depot (BTM) United States $0.388B 0.00
Community West Bancshares (CWBC) United States $0.343B 11.70
HIVE Digital Technologies (HIVE) Canada $0.330B 0.00
Waton Financial (WTF) Hong Kong, SAR China $0.319B 0.00
Ponce Financial (PDLB) United States $0.309B 21.10
Oportun Financial (OPRT) United States $0.298B 8.71
Chicago Atlantic Real Estate Finance (REFI) United States $0.297B 7.83
Greystone Housing Impact Investors LP (GHI) United States $0.284B 19.92
Antalpha Platform Holding (ANTA) Singapore $0.282B 0.00
NewtekOne (NEWT) United States $0.274B 5.41
Resolute Holdings Management (RHLD) United States $0.267B 0.00
Canaan (CAN) China $0.245B 0.00
Primis Financial (FRST) United States $0.239B 0.00
Fold Holdings (FLD) United States $0.212B 0.00
Consumer Portfolio Services (CPSS) United States $0.209B 12.28
Forge Global Holdings (FRGE) United States $0.209B 0.00
SWK Holdings (SWKH) United States $0.177B 7.25
ALT5 Sigma (ALTS) United States $0.144B 0.00
Lument Finance Trust (LFT) United States $0.128B 6.62
Finward Bancorp (FNWD) United States $0.123B 37.05
Pearl Diver Credit (PDCC) $0.110B 0.00
Solowin Holdings (SWIN) Hong Kong, SAR China $0.097B 0.00
Cannabis Wheaton Income (CBWTF) Canada $0.077B 5.82
PBCO Financial (PBCO) United States $0.076B 9.20
Heritage Global (HGBL) United States $0.074B 17.42
Gryphon Digital Mining (GRYP) United States $0.067B 0.00
BTCS (BTCS) United States $0.050B 0.00
MDB Capital Holdings, LLC (MDBH) United States $0.038B 4.35
MoneyHero (MNY) Singapore $0.034B 0.00
Plutus Financial Group (PLUT) Hong Kong, SAR China $0.033B 0.00
Roma Green Finance (ROMA) Hong Kong, SAR China $0.029B 0.00
Argo Blockchain (ARBK) United Kingdom $0.027B 0.00
FlexShopper (FPAY) United States $0.027B 0.00
BTC Digital (BTCT) Singapore $0.023B 0.00
Garden Stage (GSIW) Hong Kong, SAR China $0.023B 0.00
Greenidge Generation Holdings (GREE) United States $0.021B 0.00
Sphere 3D (ANY) Canada $0.017B 0.00
9F (JFU) China $0.017B 0.00
Greenpro Capital (GRNQ) Hong Kong, SAR China $0.013B 0.00
Focus Impact BH3 Acquisition (SAFX) United States $0.012B 0.00
Mill City Ventures III (MCVT) United States $0.011B 10.50
Top KingWin (WAI) China $0.011B 0.00
Maase - (MAAS) China $0.011B 0.00
Intelligent Group (INTJ) Hong Kong, SAR China $0.009B 0.00
LM Funding America (LMFA) United States $0.009B 0.00
SHF Holdings (SHFS) United States $0.007B 1.55
Magic Empire Global (MEGL) Hong Kong, SAR China $0.007B 0.00
Beeline Holdings (BLNE) United States $0.007B 0.00
Powell Max (PMAX) Hong Kong, SAR China $0.006B 0.00
Sentage Holdings (SNTG) China $0.005B 0.00
CaliberCos (CWD) United States $0.003B 0.00
Beneficient (BENF) United States $0.003B 0.00
Lichen (LICN) China $0.002B 0.00
Lion (LGHL) Singapore $0.002B 0.00
Bit Origin (BTOG) Singapore $0.001B 0.00
AGMs (AGMH) Hong Kong, SAR China $0.001B 0.00