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HLNEHamilton Lane Incorporated
$80.61$4.5B
Overview & Verdict
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HLNE logoHamilton Lane Incorporated(HLNE)Earnings, Financials & Key Ratios

HLNE•NASDAQ
$80.61
13.6× P/E·Price updated Jul 7, 2026
SectorFinancial ServicesIndustryAsset ManagementSub-IndustryAlternative asset managers
AboutHamilton Lane Incorporated is an investment firm specializing in direct and fund of fund investments. It provides following services: separate accounts (customized to each individual client and structured as single client vehicles); specialized strategies (fund-of-funds, secondaries, co-investments, taft-hartley, distribution management); advisory relationships (including due diligence, strategic portfolio planning, monitoring and reporting services); and reporting and analytics solutions. For direct investments, the firm invests in early, mid and late venture, mature companies, growth equity, emerging growth, distressed debt, later stage, turnarounds, bridge financing, mezzanine financing, and buyouts in middle market companies. For fund of fund investments, it invests in mezzanine, venture capital, private equity, turnaround, secondary investments, real estate, and special situation funds. The firm invests in real estate investments. It also invest in technology, healthcare, education, natural resources, energy and essential consumer goods sectors, cleantech, and environment, community development, and financial empowerment. It invests in private equity markets in North America, Latin America, United States, Western Europe, Middle East, Africa, United Kingdom, Asia, Japan, and Australia. The firm prefer to invest $1 million to $100 million in companies. It prefers to have majority stake in companies. Hamilton Lane Incorporated was founded in 1991 and is based in Conshohocken, Pennsylvania with additional offices across Europe, North America, and Asia.Show more
  • EBITDA$335M+2.8%
  • Net Income$249M+14.6%
  • EPS (Diluted)5.92+9.4%
  • Gross Margin69.88%-1.3%
  • EBITDA Margin44.11%-3.5%
  • Operating Margin42.81%-3.6%
  • Net Margin32.83%+7.7%
  • ROE20.85%-23.3%

HLNE Price & Volume

Hamilton Lane Incorporated (HLNE) stock price & volume — 10-year historical chart

Loading chart...

Resilient Fee Structures Support Disciplined Capital Allocation

Investment Thesis • Updated 2026Q4

VerdictNeutral
Growth:Mixed
Profitability:Strong
Financial:Healthy
Cash Flow:Mixed
Primary Risk:Carried interest timing volatility

Key Thesis Takeaways

  • Hamilton Lane demonstrates a robust institutional market position, evidenced by total asset growth from $1.2 billion in 2024Q3 to $2.3 billion in 2026Q4.
  • While the firm maintains disciplined operating leverage with margins consistently exceeding 40%, investors should monitor the inherent volatility in earnings caused by episodic performance fees and stock-based compensation, which reached $25.4 million in 2026Q3.
  • The firm's commitment to shareholder returns, highlighted by $78.6 million in buybacks during 2026Q4, remains supported by a conservative capital structure and healthy liquidity buffers.

Verdict Logic

while the firm trades at an attractive forward P/E of 12.88, the significant volatility in cash flow conversion and earnings quality warrants a cautious approach until performance fee consistency improves.

HLNE Growth Metrics

Hamilton Lane Incorporated (HLNE) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years15.43%
5 Years17.31%
3 Years12.8%
TTM-

Profit CAGR

10 Years-
5 Years20.51%
3 Years31.68%
TTM14.61%

EPS CAGR

10 Years5.86%
5 Years16.07%
3 Years25.29%
TTM9.65%

Return on Capital

10 Years30.4%
5 Years22.35%
3 Years23.56%
Last Year19.37%

HLNE Recent Earnings

Hamilton Lane Incorporated (HLNE) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 9/12 qtrs (75%)
Q2 2026Latest
May 21, 2026
Metric
Actual
Est
EPS
$1.49+4.2%
$1.43
Rev
$194M-4.7%
$203M
Q1 2026
Feb 3, 2026
Metric
Actual
Est
EPS
$1.55+14.8%
$1.35
Rev
$199M+1.6%
$196M
Q4 2025
Nov 4, 2025
Metric
Actual
Est
EPS
$1.54+42.6%
$1.08
Rev
$191M+3.3%
$185M
Q3 2025
Aug 5, 2025
Metric
Actual
Est
EPS
$1.31+33.7%
$0.98
Rev
$176M+4.0%
$169M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 21, 2026
$1.49vs $1.43+4.2%
$194Mvs $203M-4.7%
Q1 2026Feb 3, 2026
$1.55vs $1.35+14.8%
$199Mvs $196M+1.6%
Q4 2025Nov 4, 2025
$1.54vs $1.08+42.6%
$191Mvs $185M+3.3%
Q3 2025Aug 5, 2025
$1.31vs $0.98+33.7%
$176Mvs $169M+4.0%
Based on last 12 quarters of dataView full earnings history →

Latest HLNE News

Recent stock market news and headlines for Hamilton Lane Incorporated (HLNE)

PRNewsWire·Jul 1, 2026
Hamilton Lane Holds Final Close of Sixth Direct Equity Fund, Raising $3.8 Billion in and alongside the Fund

CONSHOHOCKEN, Pa., July 1, 2026 /PRNewswire/ -- Leading global private markets investment management firm Hamilton Lane (Nasdaq: HLNE) today announced it has closed on $3.8 billion in total commitments for its Direct Equity strategy in and alongside the Hamilton Lane Equity Opportunities Fund VI ("EO VI" or "the Fund"), reflecting strong investor interest for Hamilton Lane's track record of investment performance and differentiated investment approach.

Business Wire·Jun 23, 2026
Gridline Announces Strategic Integration With Hamilton Lane, Expanding Private Markets Benchmarking Capabilities

ATLANTA--(BUSINESS WIRE)--Gridline, the turnkey platform wealth management firms rely on to manage the private markets lifecycle, today announced a strategic partnership and technology integration with Hamilton Lane (Nasdaq: HLNE), a leading global private markets investment firm. Drawing on Hamilton Lane's extensive proprietary private markets data, Gridline has enhanced its AI-powered diligence solution, AltComply, with a new benchmarking engine. Hamilton Lane's dataset offers one of the most.

Zacks Investment Research·Jun 19, 2026
Why Hamilton Lane (HLNE) is a Great Dividend Stock Right Now

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Hamilton Lane (HLNE) have what it takes?

Seeking Alpha·Jun 18, 2026
Hamilton Lane: The Price Rout Continues As The Dividend Is Hiked 11%

Hamilton Lane trades at a deep discount, with shares at 60% of estimated fair value despite robust business performance. HLNE's non-GAAP EPS grew 23.1% year-over-year, and management hiked the dividend by 11%, signaling confidence in ongoing cash flow strength. The stock's forward P/E of 12.8 is well below its 9-year average, with a fair value estimate of $141 per share, implying an 81% potential total return by June 2027.

Peers Comparison

Key metrics vs top competitors for Hamilton Lane Incorporated (HLNE)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
HLNE logoHLNEHamilton Lane IncorporatedCurrent
$80.61$4.48B13.626.46%32.83%20.85%3.23%
BN logoBNBrookfield Corporation
$43.79$97.96B87.58-11.49%1.74%0.81%—
STEP logoSTEPStepStone Group Inc.
$40.66$5.08B-6.0769.69%-26.88%-49.51%—
GCMG logoGCMGGCM Grosvenor Inc.
$13.36$2.5B31.818.04%9.04%86.52%—
ARES logoARESAres Management Corporation
$120.70$39.64B61.5866.55%9.87%7.34%—
BX logoBXBlackstone Inc.
$120.88$94.7B31.1521.58%20.38%14.25%—

Compare HLNE vs Peers

Hamilton Lane Incorporated (HLNE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs BN

Most directly comparable listed peer for HLNE.

Scale Benchmark

vs BK

Larger-name benchmark to compare HLNE against a more recognizable public peer.

Peer Set

Compare Top 5

vs BN, STEP, GCMG, ARES

HLNE SEC Filings & Documents

Hamilton Lane Incorporated (HLNE) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 21, 2026·SEC

Material company update

Feb 20, 2026·SEC

Material company update

Feb 3, 2026·SEC

10-K Annual Reports

4
FY 2026

May 21, 2026·SEC

FY 2025

May 30, 2025·SEC

FY 2024

May 23, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Feb 3, 2026·SEC

FY 2025

Nov 4, 2025·SEC

FY 2025

Aug 5, 2025·SEC

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HLNE Frequently Asked Questions

Hamilton Lane Incorporated (HLNE) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Hamilton Lane Incorporated's revenue?

Hamilton Lane Incorporated (HLNE) reported $759.0M in revenue for fiscal year 2026.

How fast is Hamilton Lane Incorporated growing?

Hamilton Lane Incorporated (HLNE) grew revenue by 6.5% over the past year. This is steady growth.

Is HLNE profitable?

Yes, Hamilton Lane Incorporated (HLNE) is profitable, generating $249.2M in net income for fiscal year 2026 (32.8% net margin).

Dividend & Returns
Does HLNE pay dividends?

Yes, Hamilton Lane Incorporated (HLNE) pays a dividend with a yield of 3.23%. This makes it attractive for income-focused investors.

What is HLNE's return on equity?

Hamilton Lane Incorporated (HLNE) has a return on equity (ROE) of 20.8%. This is excellent, indicating efficient use of shareholder capital.

What is Hamilton Lane Incorporated's free cash flow?

Hamilton Lane Incorporated (HLNE) generated $421.6M in free cash flow for fiscal year 2026. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in HLNE back in 2015?

Total return calculator · dividends reinvested · 11+ years of data

See returns →