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| Date | Value |
|---|---|
| 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 |