Houlihan Lokey (HLI) EBITDA Margin (2014 - 2026)
Houlihan Lokey's EBITDA Margin came in at 23.70% for fiscal Q2 2027 (quarter ended Sep 30, 2026), down 0.69 percentage points from 24.39% a year earlier but up 6.87 percentage points from the prior quarter.
Houlihan Lokey (HLI) EBITDA Margin (2014 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Houlihan Lokey reported EBITDA Margin of 21.62%, down 0.56 percentage points year-over-year; for FY2026 (ended Mar 31, 2026), it came in at 21.76%, down 1.00 percentage points from FY2025.
- EBITDA Margin carries a five-year change of -5.99 percentage points (FY2021 to FY2026).
- Going back by fiscal year, EBITDA Margin was 22.76% in FY2025 (+1.77 pp), 20.99% in FY2024 (-1.12 pp), 22.10% in FY2023 (-7.03 pp) and 29.14% in FY2022 (+1.38 pp).
- The five-year range for quarterly EBITDA Margin is 16.83% (fiscal Q1 2027) to 30.30% (fiscal Q3 2022).
- Year-over-year, EBITDA Margin has declined for three consecutive quarters, with an average year-over-year change of -0.32 percentage points over the last eight quarters.
- The fastest year-over-year change in EBITDA Margin over five years came in fiscal Q2 2025 (a gain of 3.17 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 16.83% (Q1 2027), 20.95% (Q4 2026) and 23.61% (Q3 2026) in the three fiscal quarters before Q2 2027.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 109.34 Bn | 97.67 Bn | - | 70.50% |
| 2 | Bank of New York Mellon | 103.32 Bn | 36.94 Bn | - | 120.58% |
| 3 | Intercontinental Exchange | 97.84 Bn | 90.74 Bn | - | 49.83% |
| 4 | Robinhood Markets | 73.91 Bn | 53.45 Bn | - | 60.39% |
| 5 | Nasdaq | 60.30 Bn | 57.74 Bn | 1.48 Bn | 37.48% |
| 6 | State Street | 47.09 Bn | 47.09 Bn | - | 91.71% |
| 7 | Cboe Global Markets | 37.14 Bn | 27.62 Bn | 712.20 Mn | 41.36% |
| 8 | Interactive Brokers | 35.28 Bn | 11.58 Bn | - | 145.98% |
| 9 | Northern Trust | 32.35 Bn | 32.35 Bn | - | 174.63% |
| 10 | Houlihan Lokey | 9.82 Bn | 5.99 Bn | - | 23.70% |
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 23.70% |
| Jun 30, 2026 | 16.83% |
| Mar 31, 2026 | 20.95% |
| Dec 31, 2025 | 23.61% |
| Sep 30, 2025 | 24.39% |
| 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% |
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();