The financials
Hamilton Lane Incorporated by the numbers
Hamilton Lane Incorporated (HLNE) reported revenue of $194M in Q4 2026 (quarter ended March 31, 2026), down 2.2% from the same quarter a year earlier. That came with net income of $66M (34% of revenue). For the full year FY2026, revenue was $759M (+6.5% year on year) and net income $249M. Its largest product in 2025-Q4 was Incentive Fee Revenue Including Consolidated VI Es at $45M, 23.8% of the disclosed total, just ahead of Incentive Fee at 23.8%.
| Income statement | Q4 2026 | Q4 2025 | Change |
|---|---|---|---|
| Revenue | $194M | $198M | −2.2% |
| Operating income | $82M | $84M | −2.1% |
| Net income | $66M | $50M | +31% |
| Product | Revenue | Share |
|---|---|---|
| Incentive Fee Revenue Including Consolidated VI Es | $45M | 24% |
| Incentive Fee | $45M | 24% |
| Incentive Fee Revenue Specialized Funds | $39M | 21% |
| Management And Advisory Fee Revenue Customized Separate Accounts | $36M | 19% |
| Management And Advisory Fee Revenue Reporting And Other | $9.3M | 4.9% |
| Incentive Fee Revenue Customized Separate Accounts | $5.9M | 3.1% |
| Management And Advisory Fee Revenue Advisory | $4.8M | 2.5% |
| Management And Advisory Fee Revenue Fund Reimbursement | $3.9M | 2.1% |
| Management And Advisory Fee Revenue Distribution Management | $455K | 0.2% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q4 2025Total $190.8M (+0.36%)
Management And Advisory Fee Revenue Fund Reimbursement grew +41% year on yearManagement And Advisory Fee Revenue Distribution Management -55% year on year
Segment Latestquarter on quarteryear on year
- Incentive Fee Revenue Including Consolidated VI Es$45.4M$45.4MQoQ -6.9%year on year +8.2%-6.9%+8.2%
- Incentive Fee$45.4M$45.4MQoQ +1.8%year on year +10%+1.8%+10%
- Incentive Fee Revenue Specialized Funds$39.4M$39.4MQoQ +25%year on year +13%+25%+13%
- Management And Advisory Fee Revenue Customized Separate Accounts$36.1M$36.1MQoQ +0.94%year on year +6.4%+0.94%+6.4%
- Management And Advisory Fee Revenue Reporting And Other$9.3M$9.3MQoQ +7.9%year on year +31%+7.9%+31%
- Incentive Fee Revenue Customized Separate Accounts$5.9M$5.9MQoQ -55%year on year -6.5%-55%-6.5%
- Management And Advisory Fee Revenue Advisory$4.8M$4.8MQoQ -11%year on year -15%-11%-15%
- Management And Advisory Fee Revenue Fund Reimbursement$3.9M$3.9MQoQ +100%year on year +41%+100%+41%
- Management And Advisory Fee Revenue Distribution Management$455.0K$455.0KQoQ +0.66%year on year -55%+0.66%-55%