Banksia ilicifolia, commonly known as holly-leaved banksia, is a tree in the family Proteaceae. Endemic to southwest Western Australia, it belongs to Banksia subg. Isostylis, a subgenus of three closely related Banksia species with inflorescences that are dome-shaped heads rather than characteristic Banksia flower spikes. It is generally a tree up to 10 metres (33 ft) tall with a columnar or irregular habit. Both the scientific and common names arise from the similarity of its foliage to that of the English holly Ilex aquifolium; the glossy green leaves generally have very prickly serrated margins, although some plants lack toothed leaves. The inflorescences are initially yellow but become red-tinged with maturity; this acts as a signal to alert birds that the flowers have opened and nectar is available.

Banksia subg. Isostylis is a subgenus of Banksia. It contains three closely related species, all of which occur only in Southwest Western Australia. Members of subgenus Isostylis have dome-shaped flower heads that are superficially similar to those of B. ser. Dryandra, but structurally more like reduced versions of the "flower spikes" characteristic of most other Banksia taxa.