Hamilton Lane (HLNE) Operating Expenses (2016 - 2026)

Hamilton Lane's (HLNE) quarterly Operating Expenses came in at $111.3 million in Q1 2026, down 2.3% year-on-year from $113.9 million in Q1 2025, and down 1.12% quarter-over-quarter from $112.6 million in Q4 2025.

Hamilton Lane (HLNE) Operating Expenses (2016 - 2026) Analysis & Trends

Hamilton Lane's Operating Expenses history runs 11 years deep, the most recent figure standing at $111.3 million for Q1 2026.

  • On a quarterly basis, Operating Expenses fell 2.3% year-over-year to $111.3 million in Q1 2026; TTM through Mar 2026 was $434.0 million, a 9.5% increase from a year earlier, with the FY2026 full-year figure at $434.0 million, up 9.49% from the prior year.
  • Operating Expenses fell to $111.3 million in Q1 2026 per HLNE's latest filing, 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.
  • Across the five-year window, Operating Expenses jumped 68.77% in 2022 and dropped 14.69% in 2023, its largest moves.
  • Year by year, Operating Expenses 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.
  • Per Business Quant, the three latest HLNE Operating Expenses figures stand at $111.3 million (Q1 2026), $112.6 million (Q4 2025), and $111.2 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Brookfield 1,236.60 Bn 1,311.20 Bn 18.56 Bn -14.14 Bn
2 BlackRock 161.01 Bn 148.08 Bn - 3.88 Bn
3 Blackstone 97.77 Bn 96.72 Bn - 2.26 Bn
4 Apollo Global Management 70.80 Bn 90.38 Bn -409.00 Mn 4.68 Bn
5 State Street 51.30 Bn 51.30 Bn - 2.81 Bn
6 Ameriprise Financial 48.54 Bn 39.27 Bn 4.57 Bn 3.67 Bn
7 Northern Trust 32.93 Bn 32.93 Bn - 1.51 Bn
8 Raymond James Financial 32.59 Bn 17.67 Bn - 3.12 Bn
9 Price T Rowe 24.70 Bn 21.13 Bn - 1.18 Bn
10 Hamilton Lane 2.14 Bn 2.47 Bn - 111.32 Mn

Historic Data

Download Data
DateValue
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