Herc Holdings (HRI) Operating Expenses (2009 - 2026)
Herc Holdings (HRI) reported Operating Expenses of $158 million for Q2 2026, down 21.0% from $200 million a year earlier but up 4.6% from the prior quarter.
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Analysis
Herc Holdings (HRI) Operating Expenses (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Herc Holdings' Operating Expenses came in at $680 million, up 6.8% year-over-year; for FY2025, it was $763 million, up 59.0% from FY2024.
- Operating Expenses has increased for five consecutive years, with a five-year compound annual growth rate of 24.3% (FY2020 to FY2025).
- By year, Operating Expenses came in at $480 million in FY2024 (+7.1%), $448 million in FY2023 (+9.0%), $411 million in FY2022 (+32.6%) and $310 million in FY2021 (+20.4%).
- Five-year quarterly Operating Expenses spans a low of $81.5 million in Q3 2021 and a high of $204 million in Q3 2025.
- Year over year, Operating Expenses gained in six of the last eight quarters, with growth averaging 26.7%.
- The high point for year-over-year Operating Expenses in five years was Q1 2025 (growth of 67.0%); the low point was Q3 2021 (a decline of 50.0%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $151 million (Q1 2026), $167 million (Q4 2025) and $204 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | United Rentals | 67.95 Bn | 66.71 Bn | 1.73 Bn | 1.18 Bn |
| 2 | W.W. Grainger | 63.05 Bn | 60.65 Bn | 1.98 Bn | 1.18 Bn |
| 3 | Fastenal | 59.52 Bn | 58.51 Bn | 1.10 Bn | 573.90 Mn |
| 4 | Ferguson Enterprises | 43.84 Bn | 41.05 Bn | 2.32 Bn | 1.61 Bn |
| 5 | Sunbelt Rentals Holdings | 32.01 Bn | 31.89 Bn | 1.25 Bn | 989.00 Mn |
| 6 | Reliance | 21.41 Bn | 20.45 Bn | 1.30 Bn | 4.19 Bn |
| 7 | Wesco International | 15.63 Bn | 12.95 Bn | 1.46 Bn | 1.02 Bn |
| 8 | Watsco | 12.10 Bn | 9.79 Bn | 578.93 Mn | 348.99 Mn |
| 9 | Applied Industrial Technologies | 11.94 Bn | 11.81 Bn | 411.22 Mn | 251.91 Mn |
| 10 | Herc Holdings | 4.35 Bn | 4.15 Bn | 713.00 Mn | 158.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 158.00 Mn |
| Mar 31, 2026 | 151.00 Mn |
| Dec 31, 2025 | 167.00 Mn |
| Sep 30, 2025 | 204.00 Mn |
| Jun 30, 2025 | 200.00 Mn |
| Mar 31, 2025 | 192.00 Mn |
| Dec 31, 2024 | 122.00 Mn |
| Sep 30, 2024 | 123.00 Mn |
| Jun 30, 2024 | 120.00 Mn |
| Mar 31, 2024 | 115.00 Mn |
| Dec 31, 2023 | 108.00 Mn |
| Sep 30, 2023 | 115.00 Mn |
| Jun 30, 2023 | 111.00 Mn |
| Mar 31, 2023 | 106.00 Mn |
| Dec 31, 2022 | 113.00 Mn |
| Sep 30, 2022 | 112.00 Mn |
| Jun 30, 2022 | 97.00 Mn |
| Mar 31, 2022 | 89.00 Mn |
| Dec 31, 2021 | 89.00 Mn |
| Sep 30, 2021 | 81.50 Mn |
API Access
Herc Holdings Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=HRI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "HRI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=HRI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();