Growth Metrics

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 🔒
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
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