Houlihan Lokey (HLI) EBT Margin (2014 - 2025)

Houlihan Lokey has reported EBT Margin for 12 years, with the latest figure at 23.66% in Q4 2025.

• On a quarterly basis, EBT Margin rose 78.0% year-over-year to 23.66% in Q4 2025; TTM through Dec 2025 was 21.83%, a 42.0% decrease from a year earlier, with the FY2025 full-year figure at 22.24%, up 184.0% from the prior year.
• EBT Margin was 23.66% for Q4 2025 at Houlihan Lokey, down from 24.27% in the prior quarter.
• The five-year high for EBT Margin was 34.72% in Q1 2022, with the low at 16.2% in Q2 2025.
• Average EBT Margin over 5 years is 22.71%, with a median of 22.61% recorded in 2024.
• The sharpest annual moves came in 2021 and 2023: EBT Margin surged 819 bps in 2021, then plunged 1666 bps in 2023.
• Over 5 years, EBT Margin stood at 28.02% in 2021, then slumped by 35 bps to 18.32% in 2022, then grew by 10 bps to 20.07% in 2023, then gained by 14 bps to 22.87% in 2024, then rose by 3 bps to 23.66% in 2025.
• The last three EBT Margin figures came in at 23.66% (Q4 2025), 24.27% (Q3 2025), and 16.2% (Q2 2025), per Business Quant data.