Hamilton Lane (HLNE) revenue breakdown
By product, Management and advisory fees is the largest at 77% of fiscal 2026 revenue.
By region, Non-US is the largest at 59% of fiscal 2026 revenue, growing 24% a year over 9 years.
Revenue by product
Fiscal years, as Hamilton Lane reports them in its 10-K filings; fiscal 2026 total $759M.
| Products | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Management and advisory fees | — | — | — | — | — | — | — | — | — | $584M | 77% |
| Total incentive fees | — | — | — | — | — | — | — | — | — | $175M | 23% |
| Specialized funds | — | — | — | — | — | — | — | $261M | $315M | — | — |
| Specialized funds | — | — | — | — | — | — | — | $90M | $182M | — | — |
| Customized separate accounts | — | — | — | — | — | — | — | $129M | $134M | — | — |
| Reporting, monitoring, data and analytics | — | — | — | — | — | — | — | $25M | $29M | — | — |
| Advisory | — | — | — | — | — | — | — | $24M | $23M | — | — |
| Customized separate accounts | — | — | — | — | — | — | — | $12M | $16M | — | — |
| Fund reimbursement revenue | — | — | — | — | — | — | — | $8M | $10M | — | — |
| Distribution management | — | — | — | — | — | — | — | $5M | $3M | — | — |
| Management and advisory fees | — | — | — | — | — | — | $372M | — | — | — | — |
| Management and advisory fees | — | — | $218M | $245M | $289M | $314M | — | — | — | — | — |
| Incentive fees | — | — | — | — | — | — | $157M | — | — | — | — |
| Customized separate accounts | $75M | $83M | — | — | — | — | — | — | — | — | — |
| Specialized funds | $71M | $79M | — | — | — | — | — | — | — | — | — |
| Incentive fees | — | — | $34M | $29M | $52M | $54M | — | — | — | — | — |
| Specialized funds | $6M | $44M | — | — | — | — | — | — | — | — | — |
| Advisory | $18M | $20M | — | — | — | — | — | — | — | — | — |
| Reporting and other | $5M | $8M | — | — | — | — | — | — | — | — | — |
| Customized separate accounts | $651,000 | $5M | — | — | — | — | — | — | — | — | — |
| Distribution management | $3M | $4M | — | — | — | — | — | — | — | — | — |
Revenue by region
Fiscal years, as Hamilton Lane reports them in its 10-K filings; fiscal 2026 total $759M.
| Regions | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-US | $64M | $113M | $120M | $140M | $177M | $190M | $321M | $329M | $398M | $449M | 59% |
| United States | $99M | $131M | $132M | $134M | $165M | $178M | $208M | $225M | $315M | $310M | 41% |
| Israel | $17M | — | — | — | — | — | — | — | — | — | — |
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Where does Hamilton Lane make its money?
In fiscal 2026, by product: Management and advisory fees $584M, Total incentive fees $175M.
From Hamilton Lane's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.