Hamilton Lane (HLNE) Operating Expenses (2016 - 2026)
Hamilton Lane (HLNE) posted Operating Expenses of $148.9 million for Q2 2026, up 33.72% on a QoQ basis from $111.3 million in Q1 2026, and up 50.39% year-over-year from $99.0 million in Q2 2025.
Analysis
Hamilton Lane (HLNE) Operating Expenses (2016 - 2026) Analysis & Trends
Hamilton Lane has reported Operating Expenses for 11 years, with the latest figure at $148.9 million in Q2 2026.
- On a quarterly basis, Operating Expenses rose 50.39% year-over-year to $148.9 million in Q2 2026; TTM through Jun 2026 was $483.9 million, a 24.64% increase from a year earlier, with the FY2026 full-year figure at $434.0 million, up 9.49% from the prior year.
- Operating Expenses was $148.9 million for Q2 2026 at Hamilton Lane, up from $111.3 million in the prior quarter.
- The five-year high for Operating Expenses was $148.9 million in Q2 2026, with the low at $54.6 million in Q1 2022.
- Average Operating Expenses over 5 years is $90.6 million, with a median of $88.0 million recorded in 2022.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses soared 68.77% in 2022, then slipped 14.69% in 2023.
- Over 5 years, Operating Expenses stood at $68.7 million in 2022, then increased by 7.52% to $73.9 million in 2023, then advanced by 25.27% to $92.5 million in 2024, then climbed by 21.66% to $112.6 million in 2025, then jumped by 32.22% to $148.9 million in 2026.
- The last three Operating Expenses figures came in at $148.9 million (Q2 2026), $111.3 million (Q1 2026), and $112.6 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Blackstone | 103.57 Bn | 101.06 Bn | - | 2.38 Bn |
| 2 | Kkr | 93.46 Bn | -183.61 Bn | - | 5.41 Bn |
| 3 | Apollo Global Management | 77.60 Bn | 52.22 Bn | 10.54 Bn | 8.74 Bn |
| 4 | Brookfield Asset Management | 76.45 Bn | 74.94 Bn | - | 659.00 Mn |
| 5 | Wheaton Precious Metals | 71.34 Bn | 71.24 Bn | 687.86 Mn | 133.83 Mn |
| 6 | Franco Nevada | 51.21 Bn | 49.67 Bn | 451.00 Mn | 5.30 Mn |
| 7 | Brookfield | 37.98 Bn | 7.42 Bn | 19.38 Bn | -14.94 Bn |
| 8 | Ares Management | 30.49 Bn | 30.49 Bn | - | 1.18 Bn |
| 9 | Carlyle | 15.82 Bn | 14.57 Bn | - | 875.90 Mn |
| 10 | Hamilton Lane | 4.12 Bn | 3.78 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 |