Growth Metrics

Houlihan Lokey (HLI) Rent Expense (2016 - 2025)

Houlihan Lokey has reported Rent Expense over the past 12 years, most recently at $19.5 million for Q4 2025.

  • For Q4 2025, Rent Expense fell 12.29% year-over-year to $19.5 million; the TTM value through Dec 2025 reached $76.7 million, down 0.92%, while the annual FY2025 figure was $77.9 million, 2.37% up from the prior year.
  • Rent Expense for Q4 2025 was $19.5 million at Houlihan Lokey, up from $17.8 million in the prior quarter.
  • Over five years, Rent Expense peaked at $22.3 million in Q4 2024 and troughed at $9.0 million in Q3 2021.
  • A 5-year average of $16.1 million and a median of $17.6 million in 2023 define the central range for Rent Expense.
  • Biggest five-year swings in Rent Expense: soared 53.1% in 2022 and later fell 20.19% in 2024.
  • Year by year, Rent Expense stood at $14.4 million in 2021, then dropped by 10.45% to $12.9 million in 2022, then soared by 47.85% to $19.0 million in 2023, then grew by 17.14% to $22.3 million in 2024, then decreased by 12.29% to $19.5 million in 2025.
  • Business Quant data shows Rent Expense for HLI at $19.5 million in Q4 2025, $17.8 million in Q3 2025, and $18.2 million in Q2 2025.