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Hamilton Lane (HLNE) investor relations material
Hamilton Lane Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Total asset footprint surpassed $1 trillion, with AUM at $146 billion (+8%) and fee-earning AUM at $79 billion (+11%) as of December 31, 2025.
Net income attributable to the company was $58.4 million for the quarter and $183 million year-to-date, up 10% year-over-year.
GAAP EPS year-to-date was $4.35; non-GAAP EPS was $4.41; quarterly basic and diluted EPS were $1.37 and $1.36, respectively.
Dividend declared at $0.54 per share, targeting a 10% annual increase.
Strategic partnership with Guardian Life Insurance established, including a 10-year commitment and warrant issuance.
Financial highlights
Management and advisory fees rose 11% year-over-year to $429 million for the nine months ended December 31, 2025.
Incentive fees totaled $136 million year-to-date, mainly from performance fees in Evergreen funds.
Fee Related Earnings (FRE) reached $254.6 million year-to-date (+37%), with a margin of 50-51%.
Adjusted EBITDA was $304.1 million year-to-date, up 15% year-over-year.
Total revenues for the nine months ended December 31, 2025, increased 10% year-over-year to $565 million.
Outlook and guidance
Guardian partnership to add nearly $5 billion in AUM next quarter, with $500 million annual commitments for at least 10 years.
First closes for new Secondary and Venture Access funds expected in Q2 2026.
Management expects continued growth in fee-earning AUM from new and existing accounts and ongoing investment activity.
Targeting a full-year dividend of $2.16 per share, representing a 10% increase from the prior fiscal year.
U.S.-registered counterpart to international credit Evergreen fund launching soon.
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