Sustainability and environmental concerns have posed significant challenges to the petrochemical industry. To maintain the overall balance of materials and enhance the resilience of the refining and petrochemical industry chain, it is crucial to focus on the development of high-value products and clean energy. Light aromatic hydrocarbons (BTX) are an important chemical raw material, and their production can not only meet the requirements of environmental protection but also realize the high-value utilization of aromatic materials. Hydrotreating (HT) and hydrocracking (HYC) have emerged as promising technologies for BTX production and have been extensively researched in the past few decades. Various catalytic materials, including metal-doped, phosphide-loaded, carbon-based composites, as well as noble and non-noble metal-based materials, are commonly employed in these processes to enhance reaction efficiency and improve product selectivity. This paper summarizes and discusses the recent advances in catalyst materials for HT and HYC reactions, including 1) factors influencing the catalytic reactions of HT and HYC, 2) advances in the characterization and performance understanding of HT and HYC catalysts in the preparation of light aromatics, and 3) computer-assisted design and mechanism investigation of HT and HYC catalysts, as well as the mining of quantitative relationship descriptors. We also concisely discuss some of the scientific challenges and provide a brief outlook on the future development of HT and HYC catalysts. This paper aims to provide insights and strategies for the discovery, optimization, and design of HT and HYC catalysts, as well as understanding their structure-performance relationships.