NASDAQ$HLNE

Hamilton Lane Incorporated · Q1 2027 earnings

Q1 2027 earnings · · Before market open · Investor relations

Briefing

Hamilton Lane Incorporated reported strong Q1 fiscal 2027 results with significant growth in revenues and earnings driven by incentive fees.

Total revenues reached $275.3 million, up 56% year-over-year, primarily due to a 170% increase in incentive fees. GAAP net income attributable to Hamilton Lane Incorporated was $80.5 million, a 50% increase from the prior year quarter, with diluted EPS of $1.93. Fee Related Earnings grew 49% to $124.5 million, supported by growth in fee-earning AUM to $83.7 billion.

  • Total revenues increased 56% YoY to $275.3 million, led by incentive fees rising 170% to $114.0 million.
  • Net income attributable to HLI grew 50% to $80.5 million with diluted EPS of $1.93 and non-GAAP EPS of $1.94.
  • Fee Related Earnings rose 49% to $124.5 million and Adjusted EBITDA increased 61% to $154.2 million.
  • AUM reached $146.3 billion and FEAUM $83.7 billion, up 4% and 12% YoY respectively, with unrealized carried interest at $1.45 billion.

Headline financials

Total Revenue

$275M

Previous: $176M+56.5%
EPS (adj)

$1.94

Previous: $1.28+51.6%
Unrealized carried interest

$1.45B

Previous: $1.31B+10.8%
Fee-earning AUM

$83.7B

Previous: $74.4B+12.5%
AUM

$146B

Previous: $141B+3.9%
Net Income

$125M

Previous: $53.7M+132.4%
Operating Income

$150M

Previous: -$99M+251.5%
Cash & Equivalents

$337M

No prior period
Total Assets

$2.54B

Previous: $1.8B+40.9%

Revenue & EPS history

Hamilton Lane · Revenue · Quarterly

$275M

Q1 2027+56.5%vs Q1 2026
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Hamilton Lane · $275M total across 2 segments · Q1 2027

  • Management and advisory fees
    $161M
  • Incentive fees
    $114M

Forward guidance

The company declared a quarterly dividend of $0.60 per share and targets a full-year dividend of $2.40, an 11% increase from the prior fiscal year.

Tailwinds

  • Continued growth in FEAUM and AUM
  • Strong incentive fee realizations

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports

Historical avg

+1.2%

Avg return

Earnings day

+1.9%

Avg return

5 days after

+1.3%

Avg return

30 days after

62%

23 / 37 earnings

Positive

+12.4%

Q2 2018

Best reaction

-11.0%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2027
Q4 2026+4.0%+6.0%-3.4%
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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