NASDAQ$HLNE
Hamilton Lane Incorporated · Q1 2026 earnings
Q1 2026 earnings · · Before market open · Investor relations
Briefing
Hamilton Lane reported solid results for Q1 2026 with strong fee-related earnings and stable asset growth, despite a year-over-year revenue decline.
Hamilton Lane delivered a resilient Q1 2026, achieving $176 million in revenue and $1.28 in GAAP EPS. Fee-related earnings grew 31% year-over-year, and total AUM rose to $140.9 billion. Non-GAAP EPS improved sequentially.
- Total revenue was $175.96 million, down 11% YoY primarily due to lower incentive fees:contentReference[oaicite:0]{index=0}.
- GAAP EPS was $1.28, while non-GAAP EPS was $1.31 for the quarter:contentReference[oaicite:1]{index=1}.
- Fee-related earnings rose 31% YoY to $83.71 million, with a margin of 51%:contentReference[oaicite:2]{index=2}.
- AUM and fee-earning AUM increased to $140.9B and $74.4B respectively, with strong contributions from separate accounts and specialized funds:contentReference[oaicite:3]{index=3}.
Headline financials
Revenue & EPS history
Hamilton Lane · Revenue · Quarterly
$176M
Revenue by segment
Hamilton Lane · $127M total across 2 segments · Q2 2024
- Management and Advisory Fees$109M+17.6%86.1%
- Incentive Fees$17.7M-70.1%13.9%
Forward guidance
Hamilton Lane remains focused on disciplined AUM growth and delivering shareholder returns while navigating variability in incentive revenues.
Tailwinds
- Strong YoY growth in fee-related earnings
- High recurring revenue mix (~80% of total)
- Stable management fee rates despite market volatility
- AUM reached $140.9B with 9% YoY growth
- Declared quarterly dividend of $0.54 per share
Headwinds
- Total revenue declined 11% YoY due to lower incentive fees
- Incentive fees dropped 26% YoY
- Net income declined 9% YoY
- Operating cash flow declined from prior year
- High variability in realization timing for incentive-related revenue
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2026
+1.2%
Avg return
Earnings day
+1.8%
Avg return
5 days after
+1.4%
Avg return
30 days after
62%
23 / 37 earnings
Positive
+12.4%
Q2 2018
Best reaction
-11.0%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | +3.1% | — | — | |
| Q3 2026 | +0.3% | -6.8% | -22.2% | |
| Q2 2026 | +6.5% | +14.0% | +7.3% | |
| Q1 2026 | +3.8% | +2.4% | -2.6% | |
| Q4 2025 | -11.0% | -14.8% | -17.9% | |
| Q3 2025 | +2.2% | +5.8% | -6.6% | |
| Q2 2025 | +5.1% | +11.9% | +0.7% | |
| Q1 2025 | +4.3% | +8.6% | +17.5% | |
| Q4 2024 | +6.5% | +9.1% | -1.4% | |
| Q3 2024 | -4.1% | -2.7% | -8.6% | |
| Q2 2024 | +1.1% | +1.1% | +13.7% | |
| Q1 2024 | +2.4% | +3.5% | +4.9% | |
| Q4 2023 | -0.7% | +0.7% | +13.5% | |
| Q3 2023 | -0.6% | -1.8% | -6.8% | |
| Q2 2023 | +6.8% | +9.1% | +21.8% | |
| Q1 2023 | -2.5% | -2.9% | -9.5% | |
| Q4 2022 | +5.1% | +4.0% | +5.7% | |
| Q3 2022 | -1.1% | -5.8% | -13.2% | |
| Q2 2022 | +4.6% | +5.2% | +0.3% | |
| Q1 2022 | -7.9% | -0.8% | -6.5% | |
| Q4 2021 | -3.7% | -5.0% | -3.6% | |
| Q3 2021 | +0.2% | +6.6% | +8.2% | |
| Q2 2021 | -2.5% | -2.6% | -2.7% | |
| Q1 2021 | -0.2% | -0.0% | -6.1% | |
| Q4 2020 | +1.1% | +1.5% | -12.2% | |
| Q3 2020 | +2.4% | +5.7% | -4.5% | |
| Q2 2020 | -8.9% | -8.4% | -4.7% | |
| Q1 2020 | -3.0% | -1.0% | +12.3% | |
| Q4 2019 | -1.6% | +1.6% | +15.8% | |
| Q3 2019 | +12.0% | +14.5% | +21.8% | |
| Q2 2019 | +8.1% | +5.1% | +0.1% | |
| Q1 2019 | -2.9% | -3.8% | +0.6% | |
| Q4 2018 | +0.4% | -2.9% | +1.2% | |
| Q3 2018 | +3.3% | -2.6% | -0.2% | |
| Q2 2018 | +12.4% | +13.3% | +24.3% | |
| Q1 2018 | +1.8% | +1.6% | +3.2% | |
| Q4 2017 | +0.9% | +2.6% | +6.7% | |
| Q3 2017 | — | — | — | |
| Q2 2017 | — | — | — | |
| Q1 2017 | — | — | — | |
| Q4 2016 | — | — | — | |
| Q3 2015 | — | — | — | |
| Q2 2015 | — | — | — | |
| Q1 2015 | — | — | — |
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