Houlihan Lokey (HLI) EBITDA Margin (2014 - 2025)
Houlihan Lokey's EBITDA Margin came in at 23.57% for fiscal Q3 2026 (quarter ended Dec 31, 2025), up 0.61 percentage points from 22.96% a year earlier but down 0.94 percentage points from the prior quarter.
Houlihan Lokey (HLI) EBITDA Margin (2014 - 2025) Analysis & Trends
Over the trailing twelve months to Dec 31, 2025, Houlihan Lokey reported EBITDA Margin of 22.36%, up 0.15 percentage points year-over-year; for FY2025 (ended Mar 31, 2025), it came in at 22.72%, up 2.27 percentage points from FY2024.
- EBITDA Margin carries a five-year change of +1.42 percentage points (FY2020 to FY2025).
- Going back by fiscal year, EBITDA Margin was 20.44% in FY2024 (-1.66 pp), 22.10% in FY2023 (-7.03 pp), 29.14% in FY2022 (+1.38 pp) and 27.75% in FY2021 (+6.46 pp).
- The five-year range for quarterly EBITDA Margin is 17.52% (fiscal Q1 2026) to 30.30% (fiscal Q3 2022).
- Year-over-year, EBITDA Margin increased in six of the last eight quarters, with an average year-over-year change of +0.86 percentage points.
- The fastest year-over-year change in EBITDA Margin over five years came in fiscal Q1 2022 (a gain of 8.10 percentage points), and the weakest in fiscal Q3 2023 (a drop of 8.96 percentage points).
- Business Quant data shows HLI's EBITDA Margin at 24.51% (Q2 2026), 17.52% (Q1 2026) and 23.32% (Q4 2025) in the three fiscal quarters before Q3 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 106.56 Bn | 94.66 Bn | - | 69.82% |
| 2 | Intercontinental Exchange | 89.45 Bn | 83.19 Bn | - | 49.29% |
| 3 | Robinhood Markets | 88.18 Bn | 69.22 Bn | - | 68.12% |
| 4 | Nasdaq | 53.47 Bn | 50.90 Bn | 1.50 Bn | 34.64% |
| 5 | Interactive Brokers | 37.14 Bn | 14.26 Bn | - | 139.87% |
| 6 | Cboe Global Markets | 33.00 Bn | 24.66 Bn | 731.60 Mn | 34.94% |
| 7 | LPL Financial Holdings | 25.71 Bn | 21.03 Bn | - | 15.45% |
| 8 | Tradeweb Markets | 25.33 Bn | 17.34 Bn | - | 54.88% |
| 9 | Circle Internet | 21.30 Bn | 15.18 Bn | 288.85 Mn | 9.16% |
| 10 | Houlihan Lokey | 8.72 Bn | 4.75 Bn | - | - |
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 23.57% |
| Sep 30, 2025 | 24.51% |
| Jun 30, 2025 | 17.52% |
| Mar 31, 2025 | 23.32% |
| Dec 31, 2024 | 22.96% |
| Sep 30, 2024 | 24.02% |
| Jun 30, 2024 | 20.17% |
| Mar 31, 2024 | 21.32% |
| Dec 31, 2023 | 20.19% |
| Sep 30, 2023 | 20.85% |
| Jun 30, 2023 | 19.21% |
| Mar 31, 2023 | 21.80% |
| Dec 31, 2022 | 21.34% |
| Sep 30, 2022 | 22.23% |
| Jun 30, 2022 | 23.10% |
| Mar 31, 2022 | 25.16% |
| Dec 31, 2021 | 30.30% |
| Sep 30, 2021 | 30.09% |
| Jun 30, 2021 | 30.01% |
| Mar 31, 2021 | 28.80% |
Houlihan Lokey EBITDA Margin 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=ebitda-margin&ticker=HLI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "HLI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=HLI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();