Growth Metrics

Hamilton Lane (HLNE) Operating Expenses (2016 - 2025)

Hamilton Lane filings provide 10 years of Operating Expenses readings, the most recent being $112.6 million for Q4 2025.

  • On a quarterly basis, Operating Expenses rose 21.66% to $112.6 million in Q4 2025 year-over-year; TTM through Dec 2025 was $436.7 million, a 16.37% increase, with the full-year FY2025 number at $396.4 million, up 28.69% from a year prior.
  • Operating Expenses hit $112.6 million in Q4 2025 for Hamilton Lane, up from $111.2 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $113.9 million in Q1 2025 to a low of $43.2 million in Q2 2021.
  • Median Operating Expenses over the past 5 years was $73.4 million (2022), compared with a mean of $78.6 million.
  • Biggest five-year swings in Operating Expenses: skyrocketed 68.77% in 2022 and later dropped 14.69% in 2023.
  • Hamilton Lane's Operating Expenses stood at $50.7 million in 2021, then skyrocketed by 35.62% to $68.7 million in 2022, then increased by 7.52% to $73.9 million in 2023, then increased by 25.27% to $92.5 million in 2024, then rose by 21.66% to $112.6 million in 2025.
  • The last three reported values for Operating Expenses were $112.6 million (Q4 2025), $111.2 million (Q3 2025), and $99.0 million (Q2 2025) per Business Quant data.