Investment Advice was Hennessy Advisors’s largest product and service line in fiscal 2025, bringing in $99.52M of $106.61M (93%).
| Product and Service | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|
| Investment Advice | $82.40M | $66.27M | $82.57M | $99.52M | ||||
| Investment Advisory Fees | — | — | — | — | ||||
| Shareholder Service | $6.60M | $5.79M | $6.37M | $7.09M | ||||
| Shareholder Service Fees | — | — | — | — | ||||
| Total | $89.00M | $72.06M | $88.94M | $106.61M |
Hennessy Advisors brought in $106.61M from its two product and service lines in fiscal 2025, the year ended September 30, 2025. That was up 19.9% from $88.94M in fiscal 2024. Investment Advice was the largest at $99.52M (93.3%), ahead of Shareholder Service at $7.09M (6.7%).
Compared with fiscal 2024, Investment Advice grew 20.5% to $99.52M and Shareholder Service grew 11.4% to $7.09M. From fiscal 2022 to 2025, combined revenue from these lines grew from $89.00M to $106.61M, a compound annual growth rate of 6.2%. Investment Advice's share of the total rose from 92.6% to 93.3%.
Hennessy Advisors (HNNA) reports its revenue by product and service. In fiscal 2025, Investment Advice was its largest product and service line, bringing in $99.52M (93.3% of the total), followed by Shareholder Service at $7.09M (6.7%).
Investment Advice was Hennessy Advisors' largest product and service line in fiscal 2025, bringing in $99.52M, or 93.3% of the $106.61M total across its two product and service lines.
Investment Advice grew faster than Shareholder Service in fiscal 2025, up 20.5% from $82.57M to $99.52M. Shareholder Service grew 11.4% to $7.09M.
Every figure comes from Hennessy Advisors' annual financial filings, as reported. Each line keeps the name Hennessy Advisors gives it, and years follow its fiscal calendar.
Hennessy Advisors' revenue by product and service goes back to fiscal 2018, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.