Hamilton Lane Incorporated (HLNE) Income Statement
HLNE FY2026 at a glance
Fiscal year ended March 31, 2026 · U.S. dollarsHLNE revenue and net income
Where HLNE's revenue goes
FY2026Each bar shows an amount and its share of revenue. HLNE kept 32.8% of revenue as net income.
HLNE profit margins
HLNE growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +6.5% | +12.8% | +17.3% | +15.4% |
| Gross profit | +5.1% | +11.8% | +20.9% | +19.6% |
| Operating income | +2.7% | +10.6% | +15.8% | +18.0% |
| Net income | +14.6% | +31.7% | +20.5% | +15.9% |
| EPS (diluted) | +16.9% | +20.9% | +16.6% | +5.8% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
HLNE quarterly EPS vs estimates
Hamilton Lane beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: November 3, 2026 (estimate $1.78).
HLNE income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $759.0M | $713.0M | $553.8M | $528.8M | $367.9M | $341.6M | $274.0M | $252.2M | $244.0M | $179.8M |
| Cost of revenue | $228.6M | $208.2M | $166.4M | $149.3M | $108.4M | $136.3M | $85.8M | $99.0M | $82.9M | $72.1M |
| Gross profit | $530.4M | $504.7M | $387.4M | $379.4M | $259.5M | $205.3M | $188.3M | $153.2M | $161.2M | $107.7M |
| Research & development | — | — | $1 | $0 | $1 | $1 | $0 | $1 | $1 | $0 |
| Sales, general & admin | $205.4M | $188.2M | $142.2M | $139.4M | $90.0M | $49.6M | $71.9M | $49.0M | $38.2M | $31.6M |
| Total operating expenses | $205.4M | $188.2M | $141.6M | $139.4M | $90.0M | $49.6M | $71.9M | $49.0M | $38.2M | $31.6M |
| Operating income | $324.9M | $316.6M | $245.8M | $240.0M | $169.6M | $155.7M | $116.4M | $104.2M | $123.0M | $76.1M |
| Interest income | $13.3M | $8.1M | $10.0M | $5.1M | $500,000 | $1.7M | $709,000 | $255,000 | $528,000 | $320,000 |
| Interest expense | $15.0M | $13.3M | $11.2M | $8.6M | $4.6M | $2.5M | $2.8M | $3.0M | $6.0M | $14.6M |
| Income before taxes | $462.9M | $362.3M | $281.7M | $242.6M | $313.7M | $193.2M | $140.7M | $129.6M | $139.6M | $74.8M |
| Income taxes | $75.2M | $48.5M | $54.5M | $55.4M | $66.4M | $24.4M | $14.0M | $30.6M | $33.3M | $316,000 |
| Net income | $249.2M | $217.4M | $140.9M | $109.1M | $146.0M | $98.0M | $60.8M | $33.6M | $17.3M | $612,000 |
| EBITDA | $487.8M | $384.9M | $301.0M | $258.7M | $323.8M | $159.9M | $146.9M | $135.6M | $147.5M | $91.2M |
| EPS (diluted) | $5.89 | $5.04 | $3.92 | $3.33 | $4.38 | $2.73 | $2.01 | $1.91 | $1.64 | $0.45 |
| Gross margin | 69.9% | 70.8% | 70.0% | 71.8% | 70.5% | 60.1% | 68.7% | 60.7% | 66.0% | 59.9% |
| Operating margin | 42.8% | 44.4% | 44.4% | 45.4% | 46.1% | 45.6% | 42.5% | 41.3% | 50.4% | 42.3% |
| Net margin | 32.8% | 30.5% | 25.4% | 20.6% | 39.7% | 28.7% | 22.2% | 13.3% | 7.1% | 0.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $275.3M | $193.6M | $198.6M | $190.9M | $176.0M | $198.0M | $168.3M | $150.0M | $196.7M | $168.3M | $150.0M | $196.7M |
| Cost of revenue | $83.3M | $58.5M | $60.9M | $55.7M | $53.5M | $64.7M | $39.6M | $42.8M | $61.0M | $39.6M | $42.8M | $61.0M |
| Gross profit | $192.0M | $135.1M | $137.7M | $135.1M | $122.4M | $133.2M | $128.6M | $107.2M | $135.7M | $128.6M | $107.2M | $135.7M |
| Sales, general & admin | $65.5M | $52.8M | $51.7M | $55.4M | $45.5M | $49.2M | $52.9M | $40.0M | $46.1M | $52.9M | $40.0M | $46.1M |
| Total operating expenses | $65.5M | $52.8M | $51.7M | $55.4M | $45.5M | $49.2M | $52.9M | $40.0M | $46.1M | $52.9M | $40.0M | $46.1M |
| Operating income | $126.5M | $82.2M | $86.0M | $79.7M | $77.0M | $84.0M | $75.7M | $67.2M | $89.6M | $75.7M | $67.2M | $89.6M |
| Interest income | $4.1M | $3.4M | $3.7M | $3.1M | $3.0M | $3.0M | $2.8M | $1.5M | $782,000 | $1.9M | $1.5M | $3.9M |
| Interest expense | $3.5M | $3.6M | $3.7M | $3.8M | $3.9M | $3.8M | $3.9M | $2.7M | $2.9M | $3.9M | $2.7M | $2.9M |
| Income before taxes | $150.0M | $129.8M | $120.0M | $117.6M | $95.4M | $88.3M | $90.2M | $77.1M | $106.8M | $90.2M | $77.1M | $106.8M |
| Income taxes | $25.1M | $15.6M | $27.3M | $14.0M | $18.4M | $15.0M | $12.7M | $1.2M | $19.7M | $12.7M | $1.2M | $19.7M |
| Net income | $80.5M | $66.2M | $58.4M | $70.9M | $53.7M | $50.5M | $53.0M | $55.0M | $59.0M | $53.0M | $55.0M | $59.0M |
| EBITDA | $156.0M | $135.8M | $126.2M | $123.9M | $101.8M | $94.3M | $96.4M | $82.2M | $112.0M | $96.4M | $81.8M | $111.6M |
| EPS (diluted) | $1.94 | $1.49 | $1.55 | $1.54 | $1.31 | $1.21 | $1.25 | $1.07 | $1.51 | $1.38 | $0.71 | $0.89 |
| Gross margin | 69.7% | 69.8% | 69.3% | 70.8% | 69.6% | 67.3% | 76.4% | 71.4% | 69.0% | 76.4% | 71.4% | 69.0% |
| Operating margin | 45.9% | 42.5% | 43.3% | 41.8% | 43.7% | 42.4% | 45.0% | 44.8% | 45.6% | 45.0% | 44.8% | 45.6% |
| Net margin | 29.2% | 34.2% | 29.4% | 37.1% | 30.5% | 25.5% | 31.5% | 36.7% | 30.0% | 31.5% | 36.7% | 30.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in HLNE's financial statements (latest annual report filed May 21, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
HLNE financial results
In fiscal year 2026 (ended March 31, 2026), Hamilton Lane reported revenue of $759.0 million, up 6.5% from the year before. It had net income of $249.2 million (up 14.6%), a net profit margin of 32.8%. Diluted earnings per share came to $5.89. Over five years revenue grew at an average rate of 17.3% a year.
See the HLNE stock overview for the latest quote and news, or the HLNE chart for price history and technical indicators.
HLNE income statement FAQ
What is Hamilton Lane's annual revenue?
Hamilton Lane reported total revenue of $759.0 million for fiscal year 2026, which ended on March 31, 2026. That was up 6.5% from $713.0 million the previous year.
Is Hamilton Lane profitable?
Yes. Hamilton Lane reported net income of $249.2 million in fiscal 2026, a net profit margin of 32.8%; its operating margin was 42.8%.
What is Hamilton Lane's gross margin?
Hamilton Lane's gross margin was 69.9% in fiscal 2026: for every $100 of revenue, Hamilton Lane kept $70 after the direct cost of its products and services.
How fast is Hamilton Lane growing?
Revenue grew 17.3% a year on average over the last five fiscal years, from $341.6 million to $759.0 million.
What are Hamilton Lane's earnings per share?
Hamilton Lane earned $5.89 per diluted share in fiscal 2026, compared with $5.04 a year earlier.
When will Hamilton Lane report its next earnings?
Hamilton Lane is expected to report results for the quarter ending September 30, 2026 on November 3, 2026 before the market opens.
When does Hamilton Lane's fiscal year end?
Hamilton Lane's fiscal year ends in March. The latest annual report covers the year ended March 31, 2026 and was filed on May 21, 2026.