Filing Flows › Hamilton Lane (HLNE) › Q4 FY26
Hamilton Lane (HLNE) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed May 21, 2026
Hamilton Lane (HLNE) reported revenue of $194M for the fourth quarter fiscal 2026 (Q4 FY26), -2% from a year earlier and -3% from the quarter before. Operating margin was 67.1%, net earnings $66.2M (34.2% of revenue).
Hamilton Lane, Q4 FY26: revenue $194M (-2% year over year), operating margin 67.1%, net earnings $66.2M, operating cash flow $103M. The chart follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $194M | -3% | -2% |
| Operating profit | $130M | +8% | +47% |
| Net earnings | $66.2M | +13% | +31% |
| Operating cash flow | $103M | +39% | +162% |
| Free cash flow | $101M | +40% | +182% |
What changed
Revenue was $193.6M in Q4 FY26, down 2% year over year and down 3% from the previous quarter. Specialized funds was the largest line at 53% of revenue.
Operating profit was $129.8M, a 67.1% margin (up 22.5 points year over year). Total costs fell 42% while revenue fell 2%. Net earnings were $66.2M, up 31% year over year. The effective tax rate was 12.0%.
Operating cash flow was $103.0M (up 162% year over year), 90% of net income including minority interests. Non-cash charges added back $2.4M of depreciation and amortization and $12.7M of share-based compensation. Working capital and other items used $26.4M. Capital expenditures of $1.7M left free cash flow of $101.2M.
Questions
What was Hamilton Lane's revenue in the fourth quarter fiscal 2026?
Hamilton Lane (HLNE) reported revenue of $194M for the fourth quarter fiscal 2026 (Q4 FY26), -2% from a year earlier and -3% from the quarter before.
Was Hamilton Lane profitable in the fourth quarter fiscal 2026?
Operating profit was $130M (67.1% of revenue) and net earnings $66.2M.
Source: Hamilton Lane 10-K on SEC EDGAR.