Houlihan Lokey (HLI) Operating Leases (2019 - 2025)

Houlihan Lokey (HLI) has reported Operating Leases for 7 consecutive years, with $497.1 million the latest figure, recorded in Q4 2025.

• In Q4 2025, Operating Leases rose 14.8% year-over-year to $497.1 million; the TTM figure through Dec 2025 stood at $497.1 million (up 14.8% YoY), while the FY2025 annual figure was $438.2 million, up 5.48% from the prior year.
• Operating Leases came in at $497.1 million for Q4 2025 at Houlihan Lokey, up from $432.9 million in the prior quarter.
• The five-year high for Operating Leases was $497.1 million in Q4 2025, with the low at $164.2 million in Q3 2021.
• Average Operating Leases over 5 years is $336.0 million, with a median of $417.4 million recorded in 2023.
• Across the five-year window, Operating Leases fell 3.8% in 2021 and soared 128.19% in 2023, its largest moves.
• Year by year, Operating Leases stood at $187.3 million in 2021, then jumped by 51.51% to $283.7 million in 2022, then jumped by 48.07% to $420.1 million in 2023, then advanced by 3.08% to $433.0 million in 2024, then gained by 14.8% to $497.1 million in 2025.
• According to Business Quant data, Operating Leases over the past three periods registered $497.1 million, $432.9 million, and $440.4 million for Q4 2025, Q3 2025, and Q2 2025 respectively.