Hamilton Lane Operating Expenses Growth & History (HLNE)
Hamilton Lane's operating expenses was $434.1M for fiscal 2026.
View full Hamilton Lane company overviewHamilton Lane annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2026 | 2026-03-31 | $434.1M | $37.6M | +9.49% |
| 2025 | 2025-03-31 | $396.4M | $88.4M | +28.69% |
| 2024 | 2024-03-31 | $308.0M | $19.3M | +6.69% |
| 2023 | 2023-03-31 | $288.7M | $90.4M | +45.55% |
| 2022 | 2022-03-31 | $198.4M | $12.4M | +6.70% |
| 2021 | 2021-03-31 | $185.9M | $28.3M | +17.95% |
| 2020 | 2020-03-31 | $157.6M | $9.7M | +6.53% |
| 2019 | 2019-03-31 | $148.0M | $26.9M | +22.20% |
| 2018 | 2018-03-31 | $121.1M | $17.4M | +16.75% |
| 2017 · Mar 31 | 2017-03-31 | $103.7M | −$15.3M | −12.83% |
| 2016 | 2016-03-31 | $119.0M | — | — |
Hamilton Lane quarterly operating expenses
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q1 2027 | 2026-06-30 | $148.9M | $49.9M | +50.39% |
| Q4 2026 | 2026-03-31 | $111.3M | −$2.6M | −2.30% |
| Q3 2026 | 2025-12-31 | $112.6M | $20.0M | +21.66% |
| Q2 2026 | 2025-09-30 | $111.2M | $28.4M | +34.25% |
| Q1 2026 | 2025-06-30 | $99.0M | −$8.1M | −7.60% |
| Q4 2025 | 2025-03-31 | $113.9M | $21.2M | +22.82% |
| Q3 2025 | 2024-12-31 | $92.5M | $18.7M | +25.27% |
| Q2 2025 | 2024-09-30 | $82.8M | $11.5M | +16.17% |
| Q1 2025 | 2024-06-30 | $107.1M | $37.0M | +52.81% |
| Q4 2024 | 2024-03-31 | $92.8M | $29.3M | +46.17% |
| Q3 2024 | 2023-12-31 | $73.9M | $5.2M | +7.52% |
| Q2 2024 | 2023-09-30 | $71.3M | −$12.3M | −14.69% |
| Q1 2024 | 2023-06-30 | $70.1M | −$2.9M | −3.95% |
| Q4 2023 | 2023-03-31 | $63.5M | $8.8M | +16.18% |
| Q3 2023 | 2022-12-31 | $68.7M | $18.0M | +35.62% |
| Q2 2023 | 2022-09-30 | $83.6M | $33.7M | +67.72% |
| Q1 2023 | 2022-06-30 | $73.0M | $29.7M | +68.77% |
| Q4 2022 | 2022-03-31 | $54.6M | −$2.4M | −4.18% |
| Q3 2022 | 2021-12-31 | $50.7M | $8.8M | +21.01% |
| Q2 2022 | 2021-09-30 | $49.8M | $3.7M | +8.03% |
| Q1 2022 | 2021-06-30 | $43.2M | $2.3M | +5.71% |
| Q4 2021 | 2021-03-31 | $57.0M | $13.7M | +31.63% |
| Q3 2021 | 2020-12-31 | $41.9M | $2.6M | +6.67% |
| Q2 2021 | 2020-09-30 | $46.1M | $8.8M | +23.42% |
| Q1 2021 | 2020-06-30 | $40.9M | $3.2M | +8.54% |
| Q4 2020 | 2020-03-31 | $43.3M | $5.3M | +13.80% |
| Q3 2020 | 2019-12-31 | $39.2M | $1.5M | +3.94% |
| Q2 2020 | 2019-09-30 | $37.4M | $2.9M | +8.42% |
| Q1 2020 | 2019-06-30 | $37.7M | $23,000 | +0.06% |
| Q4 2019 | 2019-03-31 | $38.1M | $4.8M | +14.48% |
| Q3 2019 | 2018-12-31 | $37.8M | $7.0M | +22.95% |
| Q2 2019 | 2018-09-30 | $34.5M | $5.8M | +20.08% |
| Q1 2019 | 2018-06-30 | $37.7M | $9.3M | +32.55% |
| Q4 2018 | 2018-03-31 | $33.2M | $5.6M | +20.38% |
| Q3 2018 | 2017-12-31 | $30.7M | $5.1M | +20.06% |
| Q2 2018 | 2017-09-30 | $28.7M | $902,000 | +3.24% |
| Q1 2018 | 2017-06-30 | $28.4M | $5.7M | +25.17% |
| Q4 2017 | 2017-03-31 | $27.6M | — | — |
| Q3 2017 | 2016-12-31 | $25.6M | — | — |
| Q2 2017 | 2016-09-30 | $27.8M | — | — |
| Q1 2017 | 2016-06-30 | $22.7M | — | — |
Hamilton Lane operating expenses trends
Over the last five fiscal years, Hamilton Lane's operating expenses increased from $185.9M to $434.1M, a change of $248.1M. The latest reported quarter, Q1 2027, shows $148.9M.
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Hamilton Lane source filings ↗