Hamilton Lane (HLNE) Operating Expenses (2016 - 2026)
Hamilton Lane posted quarterly Operating Expenses of $111.3 million for Q1 2026, down 2.3% year-on-year from $113.9 million in Q1 2025, and down 1.12% on a QoQ basis from $112.6 million in Q4 2025.
Hamilton Lane (HLNE) has 11 years of Operating Expenses data on file, last reported at $111.3 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses fell 2.3% year-over-year to $111.3 million; the trailing twelve-month figure through Mar 2026 stood at $434.0 million (up 9.5% YoY), and the FY2026 full-year result was $434.0 million, up 9.49% from the prior year.
- Operating Expenses for Q1 2026 stood at $111.3 million, down from $112.6 million in the prior quarter.
- Across five years, Operating Expenses topped out at $113.9 million in Q1 2025 and bottomed at $54.6 million in Q1 2022.
- The 5-year median for Operating Expenses is $83.6 million (2022), against an average of $87.2 million.
- The widest annual swing landed in 2022, when Operating Expenses surged 68.77%; it then decreased 14.69% in 2023.
- A 5-year view of Operating Expenses shows it stood at $68.7 million in 2022, then grew by 7.52% to $73.9 million in 2023, then gained by 25.27% to $92.5 million in 2024, then advanced by 21.66% to $112.6 million in 2025, then decreased by 1.12% to $111.3 million in 2026.
- The last three Operating Expenses figures came in at $111.3 million (Q1 2026), $112.6 million (Q4 2025), and $111.2 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 158.51 Bn | 148.89 Bn | - | 3.88 Bn |
| 2 | Blackstone | 92.68 Bn | 91.63 Bn | - | 2.26 Bn |
| 3 | Kkr | 84.94 Bn | 132.45 Bn | - | 3.87 Bn |
| 4 | Brookfield Asset Management | 77.34 Bn | 77.68 Bn | - | 733.00 Mn |
| 5 | Apollo Global Management | 76.27 Bn | 95.00 Bn | 5.04 Bn | 4.68 Bn |
| 6 | State Street | 44.42 Bn | 18.75 Bn | - | 2.81 Bn |
| 7 | Ameriprise Financial | 41.68 Bn | 41.55 Bn | 4.57 Bn | 3.67 Bn |
| 8 | Northern Trust | 31.21 Bn | 31.21 Bn | - | 1.51 Bn |
| 9 | Ares Management | 28.85 Bn | 32.22 Bn | - | 1.17 Bn |
| 10 | Hamilton Lane | 3.67 Bn | 3.89 Bn | - | 111.32 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 111.32 Mn |
| Dec 31, 2025 | 112.58 Mn |
| Sep 30, 2025 | 111.17 Mn |
| Jun 30, 2025 | 98.98 Mn |
| Mar 31, 2025 | 113.94 Mn |
| Dec 31, 2024 | 92.54 Mn |
| Sep 30, 2024 | 82.81 Mn |
| Jun 30, 2024 | 107.12 Mn |
| Mar 31, 2024 | 92.78 Mn |
| Dec 31, 2023 | 73.87 Mn |
| Sep 30, 2023 | 71.28 Mn |
| Jun 30, 2023 | 70.10 Mn |
| Mar 31, 2023 | 63.47 Mn |
| Dec 31, 2022 | 68.70 Mn |
| Sep 30, 2022 | 83.56 Mn |
| Jun 30, 2022 | 72.98 Mn |
| Mar 31, 2022 | 54.63 Mn |
| Dec 31, 2021 | 50.66 Mn |
| Sep 30, 2021 | 49.82 Mn |
| Jun 30, 2021 | 43.25 Mn |
| Mar 31, 2021 | 57.02 Mn |
| Dec 31, 2020 | 41.86 Mn |
| Sep 30, 2020 | 46.12 Mn |
| Jun 30, 2020 | 40.91 Mn |
| Mar 31, 2020 | 43.31 Mn |
| Dec 31, 2019 | 39.25 Mn |
| Sep 30, 2019 | 37.37 Mn |
| Jun 30, 2019 | 37.69 Mn |
| Mar 31, 2019 | 38.06 Mn |
| Dec 31, 2018 | 37.76 Mn |
| Sep 30, 2018 | 34.47 Mn |
| Jun 30, 2018 | 37.67 Mn |
| Mar 31, 2018 | 33.25 Mn |
| Dec 31, 2017 | 30.71 Mn |
| Sep 30, 2017 | 28.70 Mn |
| Jun 30, 2017 | 28.42 Mn |
| Mar 31, 2017 | 27.62 Mn |
| Dec 31, 2016 | 25.58 Mn |
| Sep 30, 2016 | 27.80 Mn |
| Jun 30, 2016 | 22.71 Mn |