Houlihan Lokey (HLI) EBT Margin (2014 - 2025)
Houlihan Lokey (HLI) reported EBT Margin of 23.66% for fiscal Q3 2026 (quarter ended Dec 31, 2025), up 0.78 percentage points from 22.87% a year earlier but down 0.61 percentage points from the prior quarter.
Houlihan Lokey (HLI) EBT Margin (2014 - 2025) Analysis & Trends
Over the twelve months ended Dec 31, 2025, Houlihan Lokey's EBT Margin came in at 21.83%, down 0.42 percentage points year-over-year; for FY2025 (ended Mar 31, 2025), it was 22.24%, up 1.84 percentage points from FY2024.
- EBT Margin has a five-year change of +1.91 percentage points (FY2020 to FY2025).
- By fiscal year, EBT Margin came in at 20.40% in FY2024 (+2.49 pp), 17.91% in FY2023 (-8.70 pp), 26.61% in FY2022 (-0.22 pp) and 26.83% in FY2021 (+6.50 pp).
- Five-year quarterly EBT Margin spans a low of 16.20% in fiscal Q1 2026 and a high of 29.12% in fiscal Q2 2022.
- Year over year, EBT Margin gained in six of the last eight quarters, with an average year-over-year change of +1.27 percentage points.
- The high point for year-over-year EBT Margin in five years was fiscal Q1 2022 (a gain of 8.19 percentage points); the low point was fiscal Q2 2023 (a drop of 11.91 percentage points).
- Per Business Quant data, the three fiscal quarters before Q3 2026 came in at 24.27% (Q2 2026), 16.20% (Q1 2026) and 22.55% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 106.56 Bn | 94.66 Bn | - | 77.82% |
| 2 | Intercontinental Exchange | 89.45 Bn | 83.19 Bn | - | 35.64% |
| 3 | Robinhood Markets | 88.18 Bn | 69.22 Bn | - | 54.20% |
| 4 | Nasdaq | 53.47 Bn | 50.90 Bn | 1.50 Bn | 25.79% |
| 5 | Interactive Brokers | 37.14 Bn | 14.26 Bn | - | 76.79% |
| 6 | Cboe Global Markets | 33.00 Bn | 24.66 Bn | 731.60 Mn | 34.29% |
| 7 | LPL Financial Holdings | 25.71 Bn | 21.03 Bn | - | 9.94% |
| 8 | Tradeweb Markets | 25.33 Bn | 17.34 Bn | - | 48.34% |
| 9 | Circle Internet | 21.30 Bn | 15.18 Bn | 288.85 Mn | 7.46% |
| 10 | Houlihan Lokey | 8.72 Bn | 4.75 Bn | - | - |
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 23.66% |
| Sep 30, 2025 | 24.27% |
| Jun 30, 2025 | 16.20% |
| Mar 31, 2025 | 22.55% |
| Dec 31, 2024 | 22.87% |
| Sep 30, 2024 | 23.67% |
| Jun 30, 2024 | 19.45% |
| Mar 31, 2024 | 22.68% |
| Dec 31, 2023 | 20.07% |
| Sep 30, 2023 | 20.04% |
| Jun 30, 2023 | 18.36% |
| Mar 31, 2023 | 18.05% |
| Dec 31, 2022 | 18.32% |
| Sep 30, 2022 | 17.21% |
| Jun 30, 2022 | 18.11% |
| Mar 31, 2022 | 19.25% |
| Dec 31, 2021 | 28.02% |
| Sep 30, 2021 | 29.12% |
| Jun 30, 2021 | 28.92% |
| Mar 31, 2021 | 27.92% |
Houlihan Lokey EBT 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=ebt-margin&ticker=HLI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-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=ebt-margin&ticker=HLI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();