Houlihan Lokey (HLI) Operating Leases (2019 - 2026)
Houlihan Lokey (HLI) posted Operating Leases of $492.0 million for Q1 2026, down 1.03% on a QoQ basis from $497.1 million in Q4 2025, and up 12.28% year-over-year from $438.2 million in Q1 2025.
Analysis
Houlihan Lokey (HLI) Operating Leases (2019 - 2026) Analysis & Trends
Houlihan Lokey has reported Operating Leases for 8 years, with the latest figure at $492.0 million in Q1 2026.
- On a quarterly basis, Operating Leases rose 12.28% year-over-year to $492.0 million in Q1 2026; TTM through Mar 2026 was $492.0 million, a 12.28% increase from a year earlier, with the FY2026 full-year figure at $492.0 million, up 12.28% from the prior year.
- Operating Leases was $492.0 million for Q1 2026 at Houlihan Lokey, down from $497.1 million in the prior quarter.
- The five-year high for Operating Leases was $497.1 million in Q4 2025, with the low at $188.0 million in Q2 2022.
- Average Operating Leases over 5 years is $383.3 million, with a median of $429.1 million recorded in 2023.
- The sharpest annual moves came in 2023 and 2025: Operating Leases jumped 128.19% in 2023, then gained 0.39% in 2025.
- Over 5 years, Operating Leases stood at $283.7 million in 2022, then surged by 48.07% to $420.1 million in 2023, then rose by 3.08% to $433.0 million in 2024, then increased by 14.8% to $497.1 million in 2025, then fell by 1.03% to $492.0 million in 2026.
- The last three Operating Leases figures came in at $492.0 million (Q1 2026), $497.1 million (Q4 2025), and $432.9 million (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Jefferies Financial | 11.33 Bn | -4.12 Bn | 3.09 Bn |
| 2 | Evercore | 10.94 Bn | 8.53 Bn | 975.67 Mn |
| 3 | Houlihan Lokey | 9.09 Bn | 7.90 Bn | - |
| 4 | Cluster Group Holdings | 8.00 Bn | 8.00 Bn | - |
| 5 | Piper Sandler Companies | 5.16 Bn | 4.85 Bn | - |
| 6 | Moelis | 4.85 Bn | 4.65 Bn | - |
| 7 | PJT Partners | 4.61 Bn | 3.99 Bn | 481.98 Mn |
| 8 | Lazard | 4.25 Bn | 3.15 Bn | - |
| 9 | BRBI BR Partners | 3.58 Bn | 3.46 Bn | 16.77 Mn |
| 10 | Oppenheimer Holdings | 1.32 Bn | -246.70 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 492.00 Mn |
| Dec 31, 2025 | 497.13 Mn |
| Sep 30, 2025 | 432.90 Mn |
| Jun 30, 2025 | 440.38 Mn |
| Mar 31, 2025 | 438.19 Mn |
| Dec 31, 2024 | 433.03 Mn |
| Sep 30, 2024 | 431.22 Mn |
| Jun 30, 2024 | 435.20 Mn |
| Mar 31, 2024 | 415.41 Mn |
| Dec 31, 2023 | 420.11 Mn |
| Sep 30, 2023 | 419.42 Mn |
| Jun 30, 2023 | 429.09 Mn |
| Mar 31, 2023 | 374.87 Mn |
| Dec 31, 2022 | 283.73 Mn |
| Sep 30, 2022 | 188.94 Mn |
| Jun 30, 2022 | 188.04 Mn |
| Mar 31, 2022 | 197.09 Mn |
| Dec 31, 2021 | 187.26 Mn |
| Sep 30, 2021 | 164.21 Mn |
| Jun 30, 2021 | 168.62 Mn |