Hamilton Lane (HLNE) Operating Expenses (2016 - 2026)
Hamilton Lane (HLNE) reported Operating Expenses of $148.86 million for fiscal Q1 2027 (quarter ended Jun 30, 2026), up 50.4% from $98.98 million a year earlier and up 33.7% from the prior quarter.
Powered by 
Analysis
Hamilton Lane (HLNE) Operating Expenses (2016 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Hamilton Lane's Operating Expenses came in at $483.93 million, up 24.6% year-over-year; for FY2026 (ended Mar 31, 2026), it came in at $434.05 million, up 9.5% from FY2025.
- Operating Expenses has increased for nine consecutive fiscal years, with a five-year compound annual growth rate of 18.5% (FY2021 to FY2026).
- By fiscal year, Operating Expenses came in at $396.41 million in FY2025 (+28.7%), $308.02 million in FY2024 (+6.7%), $288.71 million in FY2023 (+45.6%) and $198.36 million in FY2022 (+6.7%).
- The fiscal Q1 2027 figure ranks as the highest quarterly Operating Expenses in data going back to fiscal Q1 2017.
- Year over year, Operating Expenses gained in six of the last eight quarters, with growth averaging 20.1%.
- The high point for year-over-year Operating Expenses in five years was fiscal Q1 2023 (growth of 68.8%); the low point was fiscal Q2 2024 (a decline of 14.7%).
- Per Business Quant data, the three fiscal quarters before Q1 2027 came in at $111.32 million (Q4 2026), $112.58 million (Q3 2026) and $111.17 million (Q2 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 165.57 Bn | 111.92 Bn | - | 4.62 Bn |
| 2 | Spdr Gold Trust | 134.78 Bn | -423.22 Bn | - | 149.76 Mn |
| 3 | Blackstone | 85.82 Bn | 80.74 Bn | - | 2.38 Bn |
| 4 | Kkr | 83.68 Bn | 50.16 Bn | - | 5.41 Bn |
| 5 | Brookfield | 82.01 Bn | -83.38 Bn | 4.47 Bn | 14.94 Bn |
| 6 | Brookfield Asset Management | 71.83 Bn | 68.08 Bn | - | 659.00 Mn |
| 7 | Apollo Global Management | 68.53 Bn | 6.22 Bn | 10.56 Bn | 8.74 Bn |
| 8 | Wheaton Precious Metals | 61.44 Bn | 56.87 Bn | 687.86 Mn | 133.83 Mn |
| 9 | Franco Nevada | 47.81 Bn | 45.18 Bn | 451.00 Mn | 7.80 Mn |
| 10 | Hamilton Lane | 4.74 Bn | 4.12 Bn | - | 148.86 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 148.86 Mn |
| 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 |
API Access
Hamilton Lane Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=HLNE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "HLNE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=HLNE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();