An electrophotographic light-sensitive material comprising a conductive support having formed thereon a light-sensitive layer containing a squarylium compound represented by formula (I) or (II) ##STR1## wherein R.sub.1 represents a hydrogen atom, a methyl group, a carboxy group, a halogen atom, a trifluoromethyl group, an alkyl or phenyl-substituted carbonamido group, or an alkyl- or phenyl-substituted sulfonamido group; X.sub.1 and X.sub.2 each represents a group shown by ##STR2## wherein Z represents an atomic group necessary for forming a ring and R.sub.2 and R.sub.3, each represents an alkyl group having from 1 to 20 carbon atoms, a phenyl group, an unsubstituted benzyl group, or a benzyl group substituted by at least one of an alkyl group having from 1 to 6 carbon atoms, a hydroxy group, an alkoxy group having from 1 to 4 carbon atoms, a halogen atom, a nitro group, a cyano group, an alkoxycarbonyl group having from 2 to 5 carbon atoms, and a trifluoromethyl group); and X.sub.3 represents a hydrogen atom, a methyl group, a fluorine atom, or a hydroxy group.