NASDAQ$HLNE
Hamilton Lane Incorporated · Q2 2026 earnings
Q2 2026 earnings · · Before market open · Investor relations
Briefing
Hamilton Lane reported strong growth in Q2 FY26 with higher revenues, EPS, and AUM, supported by fee and incentive income.
Hamilton Lane delivered solid results in Q2 FY26 with $190.88M in revenue and $70.89M in net income attributable to the firm. Fee-earning AUM grew to $76.4B, helping lift EPS and Non-GAAP performance metrics.
- Total revenue grew 27% YoY to $190.88M, driven by both fee and incentive income.
- EPS increased to $1.69 and Non-GAAP EPS rose to $1.54.
- Fee-earning AUM reached $76.4B, up 10% YoY.
- Unrealized carried interest climbed to $1.43B across 122 vehicles.
Headline financials
Revenue & EPS history
Hamilton Lane · Revenue · Quarterly
$191M
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 anticipates continued growth in recurring fee-based income, stable margins, and contributions from diversified vehicles, but warns of timing uncertainty in incentive realization.
Tailwinds
- Stable recurring revenue base with over 80% from management and advisory fees.
- Strong pipeline of new fund launches including infrastructure and impact funds.
- Ongoing growth in fee-earning AUM from existing and new clients.
- Long-term carry potential remains high with $1.43B in unrealized carry.
- Dividend of $0.54 declared for Class A shareholders.
Headwinds
- Incentive fees remain unpredictable due to timing of realizations.
- Equity-based compensation increased significantly YoY.
- Foreign exchange and market volatility can impact AUM growth.
- Distribution activity has slowed compared to prior quarters.
- Higher tax expense reduced net margins despite income growth.
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 Q2 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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro