Houlihan Lokey (HLI) Tax Rate (2014 - 2026)
Houlihan Lokey's Tax Rate came in at 30.82% for fiscal Q2 2027 (quarter ended Sep 30, 2026), up 0.19 percentage points from 30.63% a year earlier and up 21.52 percentage points from the prior quarter.
Houlihan Lokey (HLI) Tax Rate (2014 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Houlihan Lokey reported Tax Rate of 26.64%, up 3.66 percentage points year-over-year; for FY2026 (ended Mar 31, 2026), it came in at 24.56%, down 0.21 percentage points from FY2025.
- Tax Rate carries a five-year change of +0.99 percentage points (FY2021 to FY2026).
- Going back by fiscal year, Tax Rate was 24.77% in FY2025 (-3.45 pp), 28.23% in FY2024 (+6.69 pp), 21.54% in FY2023 (-5.89 pp) and 27.42% in FY2022 (+3.85 pp).
- The five-year range for quarterly Tax Rate is 6.65% (fiscal Q1 2023) to 34.33% (fiscal Q3 2025).
- Year-over-year, Tax Rate increased in three of the last six quarters, with an average year-over-year change of -0.75 percentage points.
- The fastest year-over-year change in Tax Rate over five years came in fiscal Q1 2024 (a gain of 12.95 percentage points), and the weakest in fiscal Q1 2023 (a drop of 13.60 percentage points).
- Business Quant data shows HLI's Tax Rate at 9.30% (Q1 2027), 26.91% (Q4 2026) and 31.30% (Q3 2026) in the three fiscal quarters before Q2 2027.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 109.34 Bn | 97.67 Bn | - | 23.46% |
| 2 | Bank of New York Mellon | 103.32 Bn | 36.94 Bn | - | 22.83% |
| 3 | Intercontinental Exchange | 97.84 Bn | 90.74 Bn | - | 23.03% |
| 4 | Robinhood Markets | 73.91 Bn | 53.45 Bn | - | 23.84% |
| 5 | Nasdaq | 60.30 Bn | 57.74 Bn | 1.48 Bn | 23.11% |
| 6 | State Street | 47.09 Bn | 47.09 Bn | - | 21.47% |
| 7 | Cboe Global Markets | 37.14 Bn | 27.62 Bn | 712.20 Mn | 22.78% |
| 8 | Interactive Brokers | 35.28 Bn | 11.58 Bn | - | 9.89% |
| 9 | Northern Trust | 32.35 Bn | 32.35 Bn | - | 19.28% |
| 10 | Houlihan Lokey | 9.82 Bn | 5.99 Bn | - | 30.82% |
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 30.82% |
| Jun 30, 2026 | 9.30% |
| Mar 31, 2026 | 26.91% |
| Dec 31, 2025 | 31.30% |
| Sep 30, 2025 | 30.63% |
| Mar 31, 2025 | 18.86% |
| Dec 31, 2024 | 34.33% |
| Sep 30, 2024 | 31.26% |
| Jun 30, 2024 | 10.95% |
| Mar 31, 2024 | 31.31% |
| Dec 31, 2023 | 30.97% |
| Sep 30, 2023 | 28.37% |
| Jun 30, 2023 | 19.60% |
| Mar 31, 2023 | 25.71% |
| Dec 31, 2022 | 24.59% |
| Sep 30, 2022 | 27.93% |
| Jun 30, 2022 | 6.65% |
| Mar 31, 2022 | 28.13% |
| Dec 31, 2021 | 30.00% |
| Sep 30, 2021 | 27.85% |
Houlihan Lokey Tax Rate 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=tax-rate&ticker=HLI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=HLI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();