Hamilton Lane Incorporated (HLNE) Revenue History
Annual and quarterly revenue from 2015 to 2025
Compound Annual Growth Rate (CAGR)
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HLNE Revenue Growth
Revenue Breakdown (FY 2025)
HLNE's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
HLNE Revenue Analysis (2015–2025)
As of May 6, 2026, Hamilton Lane Incorporated (HLNE) generated trailing twelve-month (TTM) revenue of $707.2 million, reflecting significant decline in growth of -15.3% year-over-year. The most recent quarter (Q3 2026) recorded $142.4 million in revenue, down 25.4% sequentially.
Looking at the longer-term picture, HLNE's 5-year compound annual growth rate (CAGR) stands at +21.1%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $713.0 million in 2025, representing a new all-time high.
Revenue diversification analysis shows HLNE's business is primarily driven by Management And Advisory Fee Revenue, Specialized Funds (44%), Incentive Fee Revenue, Specialized Funds (26%), and Management And Advisory Fee Revenue, Customized Separate Accounts (19%).
When compared to Financial Services sector peers including BN, STEP, and GCMG. 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 | $707M | -15.3% | +21.1% | 44.4% | |
 BN | $77.7B | - | - | 39.9% | |
 STEP | $1.2B | - | - | -21.3% | |
 GCMG | $523M | - | - | 14.0% | |
 ARES | $6.5B | - | - | 27.2% | |
 BX | $13.8B | - | - | 51.9% |
HLNE Historical Revenue Data (2015–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $713.0M | - | $504.7M | 70.8% | $316.6M | 44.4% |
| 2024 | $553.8M | - | $387.4M | 70.0% | $245.8M | 44.4% |
| 2023 | $528.8M | - | $379.4M | 71.8% | $240.0M | 45.4% |
| 2022 | $367.9M | - | $259.5M | 70.5% | $169.6M | 46.1% |
| 2021 | $341.6M | - | $205.3M | 60.1% | $155.7M | 45.6% |
| 2020 | $274.0M | - | $188.3M | 68.7% | $116.4M | 42.5% |
| 2019 | $252.2M | - | $153.2M | 60.7% | $104.2M | 41.3% |
| 2018 | $244.0M | - | $161.2M | 66.0% | $123.0M | 50.4% |
| 2017 | $179.8M | - | $107.7M | 59.9% | $76.1M | 42.3% |
| 2016 | $180.8M | - | $88.7M | 49.1% | $61.8M | 34.2% |
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Start ComparisonHLNE — Frequently Asked Questions
Quick answers to the most common questions about buying HLNE stock.
Is HLNE's revenue growth accelerating or slowing?
HLNE revenue declined -15.3% year-over-year, contrasting with the 5-year CAGR of +21.1%. TTM revenue fell to $707M. This reverses the prior growth trend.
What is HLNE's long-term revenue growth rate?
Hamilton Lane Incorporated's 5-year revenue CAGR of +21.1% reflects the variable expansion pattern. Current YoY growth of -15.3% is below this long-term average.
How is HLNE's revenue distributed by segment?
HLNE reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2015-2025 are available for download. Segment mix reveals concentration and diversification trends.