Hamilton Lane INC (HLNE) Earnings History

Hamilton Lane INC - Q3 FY2025 Earnings

Filed at: Feb 3, 2026, 7:00 AM EST|Read from source

EXECUTIVE SUMMARY

Hamilton Lane reported strong third quarter fiscal 2026 results, driven by significant growth in management and advisory fees and Fee Related Earnings. The firm demonstrated robust asset growth and maintained stable fee rates, indicating a healthy and expanding business.

POSITIVE HIGHLIGHTS

  • •

    Fee Related Earnings increased 37% year-over-year for the nine months ended December 31, 2025.

    positive
  • •

    Total revenues increased 10% year-over-year for the nine months ended December 31, 2025, driven by growth in management and advisory fees.

    positive
  • •

    Assets under management (AUM) grew 8% and fee-earning assets under management (FEAUM) grew 11% year-over-year as of December 31, 2025.

    positive
  • •

    The company declared a quarterly dividend of $0.54 per share, representing a 10% increase from the prior fiscal year.

    positive

CONCERNS & RISKS

  • •

    Incentive fees from direct equity funds decreased 77% year-over-year for the three months ended December 31, 2025.

    attention
  • •

    Incentive fees from secondary funds decreased 100% year-over-year for the three months ended December 31, 2025.

    attention
  • •

    Incentive fees from direct credit funds decreased 88% year-over-year for the three months ended December 31, 2025.

    attention
  • •

    Incentive fees from other specialized funds decreased 91% year-over-year for the three months ended December 31, 2025.

    attention

FINANCIAL METRICS

Revenue
Quarterly
$198.59M
+18.0%
Prior year: $168.26M
Net Income
Quarterly
$92.80M
+20.0%
Prior year: $77.45M
Annual (YTD)
$273.47M
N/A
Prior year: $240.46M
EPS (Diluted)
Quarterly
$1.37
+4.0%
Prior year: $1.32
Operating Income
Quarterly
N/A
N/A
EPS (Basic)
Quarterly
$1.40
+5.0%
Prior year: $1.33

MARGIN ANALYSIS

Net Margin
Current Quarter
29.0%
Prior Year
31.0%
YoY Change
-200 bps

Margin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.

MANAGEMENT COMMENTARY

Hamilton Lane has $1.0 trillion in assets under management and supervision, composed of $146.1 billion in discretionary assets and $871.5 billion in non-discretionary assets, as of December 31, 2025.

— Hamilton Lane INC, Q3 FY2025 2026 Earnings Call

Fee-earning AUM growth continues and annual fee rates are stable.

— Hamilton Lane INC, Q3 FY2025 2026 Earnings Call

Recurring management and advisory fees represented an average of over 80% of total revenues over the past five fiscal years.

— Hamilton Lane INC, Q3 FY2025 2026 Earnings Call

Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.

OPERATIONAL METRICS

Assets under management
146118.0M
+8.0% YoY
Prior year: 134743.0M
dollars
Fee-earning assets under management
79142.0M
+11.0% YoY
Prior year: 70994.0M
dollars

Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.