Earnings Releases·Nov 3, 2026, 8:07 AM ET

Hamilton Lane Incorporated — Second Quarter Fiscal 2027 Earnings Summary

Total revenues increased 31% year-over-year to $479.8 million for the six months ended September 30, 2026, and 7% to $204.4 million for the quarter, while GAAP net income rose 27% year-over-year to $157.9 million for the six-month period and 9% to $77.5 million for the quarter.
Fee-related earnings (non-GAAP) grew 34% year-over-year to $215.2 million for the six months and 18% to $90.8 million for the quarter, driven by a 12% year-over-year increase in fee-earning AUM to $85.9 billion.
The Board declared a quarterly dividend of $0.60 per share, establishing a target full-year dividend of $2.40, an 11% increase from the prior fiscal year, alongside $50.0 million in share repurchases and retirements during the six-month period.
Total AUM and AUA reached approximately $1.1 trillion as of September 30, 2026, with significant fundraising closures including the 7th secondary fund, 3rd impact fund, 2nd venture capital fund, and evergreen funds.
No specific forward-looking financial guidance was provided; however, management highlighted a robust opportunity set for customized separate accounts and advisory services with stable annual fee rates.