Hamilton Lane Incorporated (HLNE) Revenue History
Annual and quarterly revenue from 2015 to present
HLNE Revenue Over Time (2015–2026)
HLNE Revenue Growth History
10 of 11 years with positive growth- FY2015 revenue growth
- N/A
- FY2016 revenue growth
- +12.5%
- FY2017 revenue growth
- -1.7%
- FY2018 revenue growth
- +44.0%
- FY2019 revenue growth
- +4.7%
- FY2020 revenue growth
- +8.9%
- FY2021 revenue growth
- +25.0%
- FY2022 revenue growth
- +7.1%
- FY2023 revenue growth
- +43.2%
- FY2024 revenue growth
- +4.3%
- FY2025 revenue growth
- +28.9%
- FY2026 revenue growth
- +6.3%
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2027 | $201.0M | +7.4% |
| Q1 2027 | $271.8M | +57.9% |
| Q4 2026 | $190.0M | -2.1% |
| Q3 2026 | $194.9M | +18.6% |
| Q2 2026 | $187.1M | +27.0% |
| Q1 2026 | $172.1M | -11.2% |
| Q4 2025 | $194.2M | +18.1% |
| Q3 2025 | $164.4M | +11.6% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2026)
HLNE's revenue distribution by segment and geography for fiscal year 2026
By Product/Segment
By Geography
HLNE Revenue Analysis (2015–2026)
Current Revenue & Growth
As of November 8, 2026, Hamilton Lane Incorporated (HLNE) generated trailing twelve-month (TTM) revenue of $857.7 million, reflecting solid growth of +7.4% year-over-year. The most recent quarter (Q2 2027) recorded $201.0 million in revenue, down 26.1% sequentially.
Historical Growth Trajectory
HLNE's 5-year compound annual growth rate (CAGR) stands at +17.0%, indicating consistent double-digit revenue growth. The 3-year CAGR of +12.7% is below the 5-year average, signalling a growth deceleration in recent years. Hamilton Lane Incorporated's highest annual revenue of $744.0 million was recorded in 2026, an all-time high.
Revenue by Segment
HLNE's revenue is primarily driven by Incentive Fee Revenue, Specialized Funds (69%), Incentive Fee Revenue, Customized Separate Accounts (22%), and Management And Advisory Fee Revenue, Reporting And Other (5%). With over half of revenue concentrated in Incentive Fee Revenue, Specialized Funds, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Financial Services sector peers — including BN (+1.8% YoY), STEP (+50.6% YoY), and GCMG (+7.7% YoY) — HLNE has underperformed the peer group in revenue growth. Compare HLNE vs BN →
HLNE Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| HLNECurrent | $858M | +7.4% | +17.0% | 43.7% | |
 BN | $59.0B | +1.8% | +1.2% | 36.9% | |
 STEP | $2.0B | +50.6% | +20.4% | -51.8% | |
 GCMG | $535M | +7.7% | +5.6% | 27.6% | |
 ARES | $5.7B | +20.6% | +31.5% | 30.9% | |
 BX | $13.3B | +33.6% | +20.5% | 53.9% |
HLNE Historical Revenue Data (2015–2026)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2026 | $744.0M | +6.3% | $530.4M | 71.3% | $324.9M | 43.7% |
| 2025 | $699.6M | +28.9% | $504.7M | 72.1% | $316.6M | 45.2% |
| 2024 | $542.7M | +4.3% | $387.4M | 71.4% | $245.8M | 45.3% |
| 2023 | $520.1M | +43.2% | $379.4M | 72.9% | $240.0M | 46.1% |
| 2022 | $363.3M | +7.1% | $259.5M | 71.4% | $169.6M | 46.7% |
| 2021 | $339.1M | +25.0% | $205.3M | 60.5% | $155.7M | 45.9% |
| 2020 | $271.2M | +8.9% | $188.3M | 69.4% | $116.4M | 42.9% |
| 2019 | $249.1M | +4.7% | $153.2M | 61.5% | $104.2M | 41.8% |
| 2018 | $238.0M | +44.0% | $161.2M | 67.7% | $123.0M | 51.7% |
| 2017 | $165.3M | -1.7% | $107.7M | 65.2% | $76.1M | 46.1% |
| 2016 | $168.2M | +12.5% | $88.7M | 52.8% | $61.8M | 36.8% |
| 2015 | $149.5M | - | $95.2M | 63.7% | $68.4M | 45.7% |
HLNE Chart Terminal
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Live Breakouts Feed
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Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
11+ years return with dividends reinvested.
Peer Comparison
Compare growth, multiples, and margins vs sector.
HLNE — Frequently Asked Questions
Quick answers to the most common questions about buying HLNE stock.
Is HLNE's revenue growth accelerating or slowing?
HLNE revenue growth is holding steady at +7.4% year-over-year. TTM revenue is $858M. The current growth rate closely tracks the 5-year CAGR of +17.0%, signalling consistent execution.
What is HLNE's revenue history from 2015 to 2026?
Hamilton Lane Incorporated (HLNE) revenue history spans 2015 to 2026. TTM revenue as of 2026 is $858M, growing at +7.4% YoY. The 5-year CAGR is +17.0%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is HLNE's long-term revenue growth rate (CAGR)?
Hamilton Lane Incorporated's 5-year revenue CAGR of +17.0% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +7.4% is in line with this long-term average. CAGR is the most reliable measure of sustained revenue momentum for HLNE.
Why does HLNE's quarterly revenue fluctuate?
HLNE quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Hamilton Lane Incorporated's revenue data from 2015 to 2026 shows full historical quarterly detail on this page.
How is HLNE's revenue distributed by segment?
HLNE reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does HLNE's revenue compare to industry peers?
Hamilton Lane Incorporated (HLNE) with TTM revenue of $858M and +7.4% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.