Houlihan Lokey (HLI) Net Margin (2014 - 2026)
Houlihan Lokey (HLI) posted Net Margin of 15.75% for fiscal Q2 2027 (quarter ended Sep 30, 2026), down 1.07 percentage points from 16.82% a year earlier but up 0.49 percentage points from the prior quarter.
Houlihan Lokey (HLI) Net Margin (2014 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Net Margin at Houlihan Lokey was 15.72%, down 0.89 percentage points year-over-year; for FY2026 (ended Mar 31, 2026), it was 16.26%, down 0.47 percentage points from FY2025.
- Annual Net Margin shows a five-year change of -4.24 percentage points (FY2021 to FY2026).
- In prior fiscal years, Houlihan Lokey's Net Margin was 16.73% in FY2025 (+2.09 pp), 14.64% in FY2024 (+0.59 pp), 14.05% in FY2023 (-5.23 pp) and 19.28% in FY2022 (-1.22 pp).
- Quarterly Net Margin has run from a low of 12.41% in fiscal Q2 2023 to a high of 19.55% in fiscal Q3 2022 over five years.
- On a year-over-year basis, Net Margin has declined in each of the last three quarters, with an average year-over-year change of -0.04 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Net Margin in the past five years was fiscal Q4 2025, with a gain of 2.72 percentage points; the weakest was fiscal Q2 2023, with a drop of 8.60 percentage points.
- According to Business Quant data, Net Margin for the three prior fiscal quarters was 15.26% (Q1 2027), 15.47% (Q4 2026) and 16.25% (Q3 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 109.34 Bn | 97.67 Bn | - | 59.68% |
| 2 | Bank of New York Mellon | 103.32 Bn | 36.94 Bn | - | 28.31% |
| 3 | Intercontinental Exchange | 97.84 Bn | 90.74 Bn | - | 25.90% |
| 4 | Robinhood Markets | 73.91 Bn | 53.45 Bn | - | 32.87% |
| 5 | Nasdaq | 60.30 Bn | 57.74 Bn | 1.48 Bn | 22.57% |
| 6 | State Street | 47.09 Bn | 47.09 Bn | - | 25.72% |
| 7 | Cboe Global Markets | 37.14 Bn | 27.62 Bn | 712.20 Mn | 31.40% |
| 8 | Interactive Brokers | 35.28 Bn | 11.58 Bn | - | 16.41% |
| 9 | Northern Trust | 32.35 Bn | 32.35 Bn | - | 45.64% |
| 10 | Houlihan Lokey | 9.82 Bn | 5.99 Bn | - | 15.75% |
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 15.75% |
| Jun 30, 2026 | 15.26% |
| Mar 31, 2026 | 15.47% |
| Dec 31, 2025 | 16.25% |
| Sep 30, 2025 | 16.82% |
| Jun 30, 2025 | 16.20% |
| Mar 31, 2025 | 18.29% |
| Dec 31, 2024 | 15.02% |
| Sep 30, 2024 | 16.27% |
| Jun 30, 2024 | 17.32% |
| Mar 31, 2024 | 15.58% |
| Dec 31, 2023 | 13.85% |
| Sep 30, 2023 | 14.35% |
| Jun 30, 2023 | 14.76% |
| Mar 31, 2023 | 13.41% |
| Dec 31, 2022 | 13.81% |
| Sep 30, 2022 | 12.41% |
| Jun 30, 2022 | 16.91% |
| Mar 31, 2022 | 13.83% |
| Dec 31, 2021 | 19.55% |
Houlihan Lokey Net 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=net-margin&ticker=HLI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=HLI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();