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Financials · HLNE

Hamilton Lane Incorporated (HLNE) financials

For the twelve months ended Sep 30, 2026, Hamilton Lane Incorporated reported $871.92M of revenue and $282.49M of net income.

Revenue, TTM
$871.92M
Revenue growth, YoY
+18.9%
Net income, TTM
$282.49M
Net income growth, YoY
+23.8%
Net margin
32.4%
Free cash flow, TTM
$271.82M
Cash
$347.96M
Total debt
$268.73M
P/E
19.02
P/S
6.16
Market cap
$5.37B
Annual revenue$758.99M
FY2017FY2026
Annual net income$249.18M
FY2017FY2026
Annual free cash flow$419.07M
FY2017FY2026

HLNE revenue and earnings growth

HLNE revenueQ2 2027$204.43M

Quarter YoY
+7.1%
QoQ
-25.8%
FY YoY
+6.5%
5Y CAGR
+17.3%

HLNE revenue was $204.43M in fiscal Q2 2027 (ended Sep 30, 2026), up 7.1% from a year earlier and down 25.8% from the prior quarter. For the full fiscal 2026 it was $758.99M, up 6.5% from fiscal 2025. Compound annual growth was +17.3% over 5 years. It rose in each of the last 9 fiscal years. Fiscal 2026 is the highest of the 10 fiscal years on file.

HLNE net incomeQ2 2027$77.49M

Quarter YoY
+9.3%
QoQ
-3.7%
FY YoY
+14.6%
5Y CAGR
+20.5%

HLNE net income was $77.49M in fiscal Q2 2027 (ended Sep 30, 2026), up 9.3% from a year earlier and down 3.7% from the prior quarter. For the full fiscal 2026 it was $249.18M, up 14.6% from fiscal 2025. Compound annual growth was +20.5% over 5 years. It rose in 8 of the last 9 fiscal years. Fiscal 2026 is the highest of the 11 fiscal years on file.

HLNE free cash flowQ2 2027$22.80M

Quarter YoY
-80.6%
QoQ
-69.7%
FY YoY
+45.2%
5Y CAGR
+19.8%
10Y CAGR
+14.5%

HLNE free cash flow was $22.80M in fiscal Q2 2027 (ended Sep 30, 2026), down 80.6% from a year earlier and down 69.7% from the prior quarter. For the full fiscal 2026 it was $419.07M, up 45.2% from fiscal 2025. Compound annual growth was +19.8% over 5 years and +14.5% over 10 years. It rose in 7 of the last 10 fiscal years. Fiscal 2026 is the highest of the 11 fiscal years on file.

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Income statement

Income statement
Line item
FY2026
Mar 31, 2026
FY2025
Mar 31, 2025
FY2024
Mar 31, 2024
FY2023
Mar 31, 2023
FY2022
Mar 31, 2022
FY2021
Mar 31, 2021
FY2020
Mar 31, 2020
FY2019
Mar 31, 2019
FY2018
Mar 31, 2018
FY2017
Mar 31, 2017
Revenue$758.99M$712.96M$553.84M$528.75M$367.92M$341.63M$274.05M$252.18M$244.03M$179.82M
Selling, general and admin-----$49.21M$57.48M$48.96M--
Interest expense-----$2.04M$2.82M$3.04M$5.99M$14.56M
Pre-tax income$462.92M$362.28M$281.66M$242.61M$313.68M$193.20M$140.74M$129.56M$139.63M$74.75M
Income tax$75.20M$48.51M$54.45M$55.42M$66.42M$24.42M$13.97M$30.56M$33.33M$316.0K
Net income$249.18M$217.42M$140.86M$109.12M$145.99M$98.02M$60.83M$33.57M$17.34M$612.0K
EPS, diluted----$3.98$2.81$2.15$1.40--

Balance sheet

Balance sheet
Line item
FY2026
Mar 31, 2026
FY2025
Mar 31, 2025
FY2024
Mar 31, 2024
FY2023
Mar 31, 2023
FY2022
Mar 31, 2022
FY2021
Mar 31, 2021
FY2020
Mar 31, 2020
FY2019
Mar 31, 2019
FY2018
Mar 31, 2018
FY2017
Mar 31, 2017
Cash and equivalents$371.90M$283.60M$119.62M$116.55M$76.20M$90.38M$53.21M$51.59M$49.38M$34.13M
Goodwill$9.57M$9.57M$9.57M$9.57M$9.57M$3.94M$3.94M$3.94M$3.94M$1.07M
Total assets$2.30B$1.69B$1.27B$1.14B$1.29B$1.14B$473.53M$360.59M$293.80M$240.62M
Total debt$278.42M$290.30M$196.16M$213.53M$213.53M$163.18M$74.75M$70.95M$84.16M$84.31M
Total liabilities$838.36M$766.46M$595.24M$566.35M$557.46M$546.32M$236.13M$190.87M$157.72M$153.99M
Shareholders' equity$915.23M$923.89M$675.96M$574.19M$461.49M$314.20M$237.40M$169.72M$136.07M$60.04M

Cash flow

Cash flow
Line item
FY2026
Mar 31, 2026
FY2025
Mar 31, 2025
FY2024
Mar 31, 2024
FY2023
Mar 31, 2023
FY2022
Mar 31, 2022
FY2021
Mar 31, 2021
FY2020
Mar 31, 2020
FY2019
Mar 31, 2019
FY2018
Mar 31, 2018
FY2017
Mar 31, 2017
Operating cash flow$424.92M$300.82M$120.85M$226.59M$169.52M$188.16M$116.37M$111.62M$96.69M$81.68M
Capital expenditures$5.84M$12.16M$11.07M$4.75M$8.53M$18.64M$1.98M$5.37M$2.25M$1.27M
Free cash flow$419.07M$288.66M$109.78M$221.84M$161.00M$169.52M$114.39M$106.26M$94.44M$80.40M
Investing cash flow-$494.82M-$117.58M-$122.18M$177.91M-$70.49M-$421.78M-$49.90M-$19.21M-$21.77M-$16.71M
Financing cash flow$155.78M-$19.16M$4.40M-$364.15M-$113.22M$270.66M-$64.71M-$90.21M-$59.67M-$101.21M
Dividends paid$87.71M$76.00M$65.41M$72.41M$49.63M$39.68M$29.07M$18.68M$9.51M$0
Share repurchases-$2.0K$2.0K$0$1.0K$5.0K$2.0K$2.0K$2.0K-
Stock-based compensation$50.87M$31.41M$12.13M$9.95M$7.40M$7.08M$7.18M$6.38M$5.54M$4.68M
Depreciation and amortization$9.88M$9.29M$8.19M$7.44M$5.50M$4.13M$3.29M$2.98M$1.89M$1.92M

Key ratios

Key ratios
Line item
FY2026
Mar 31, 2026
FY2025
Mar 31, 2025
FY2024
Mar 31, 2024
FY2023
Mar 31, 2023
FY2022
Mar 31, 2022
FY2021
Mar 31, 2021
FY2020
Mar 31, 2020
FY2019
Mar 31, 2019
FY2018
Mar 31, 2018
FY2017
Mar 31, 2017
Revenue growth, YoY6.5%28.7%4.7%43.7%7.7%24.7%8.7%3.3%35.7%-
Net income growth, YoY14.6%54.4%29.1%-25.3%48.9%61.2%81.2%93.6%2733.5%-
EPS growth, YoY----41.6%30.7%53.6%---
Net margin32.8%30.5%25.4%20.6%39.7%28.7%22.2%13.3%7.1%0.3%
Free cash flow margin55.2%40.5%19.8%42.0%43.8%49.6%41.7%42.1%38.7%44.7%
Return on equity27.2%23.5%20.8%19.0%31.6%31.2%25.6%19.8%12.7%1.0%
Return on assets10.8%12.9%11.1%9.6%11.3%8.6%12.8%9.3%5.9%0.3%
Debt to equity0.300.310.290.370.460.520.310.420.621.40

Source: XBRL data Hamilton Lane Incorporated files with the SEC, latest filing dated Nov 3, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

HLNE peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
HLNE$871.92M+18.9%$282.49M32.4%$5.37B
BX$16.08B+22.1%$3.56B22.1%$92.03B
KKR$20.35B+19.8%$3.41B16.8%$90.53B
APO$30.82B+12.2%-$918.00M-3.0%$72.47B
ARES$5.76B+7.6%$432.80M7.5%$46.05B
AMP$20.14B+8.8%$4.16B20.7%$45.14B
TROW$7.70B+6.9%$2.19B28.4%$23.66B
TPG$5.17B+21.6%$268.72M5.2%$18.78B
BEN$9.42B+7.3%$1.08B11.4%$18.44B

HLNE FAQ

7 questions
  • What is HLNE revenue?
    Hamilton Lane Incorporated (HLNE) reported $871.92M of revenue for the twelve months ended Sep 30, 2026. That is up 18.9% from the year before. Revenue for fiscal 2026 was $758.99M.
  • Is HLNE profitable?
    Yes. Hamilton Lane Incorporated earned $282.49M in net income for the twelve months ended Sep 30, 2026, a net margin of 32.4%.
  • How much cash and debt does HLNE have?
    Hamilton Lane Incorporated reported $347.96M in cash and cash equivalents and $268.73M of debt on its most recent balance sheet in SEC filings.
  • How fast is HLNE revenue growing?
    Hamilton Lane Incorporated's revenue changed +6.5% in fiscal 2026, to $758.99M. Its compound annual growth rate was +17.3% over 5 years.
  • What is HLNE free cash flow?
    Hamilton Lane Incorporated generated $271.82M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $282.31M less capital expenditures.
  • When did HLNE last report financial results?
    The latest statements here come from Hamilton Lane Incorporated's 10-Q filed on Nov 3, 2026, covering the period ended Sep 30, 2026.
  • Where does this HLNE financial data come from?
    Quantisnow builds these statements from the structured XBRL data Hamilton Lane Incorporated files with the SEC. It is provided for information only and is not investment advice.