How Hamilton Lane makes money

Period

FY2026

How does Hamilton Lane make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Hamilton Lane Incorporated · FY2026 · year ended 2026-03-31

Revenue$759MGross profit$759M · 100%Cost of revenue$0 · 0%Operating income$325M · 43%Operating expenses$434M · 57%Other opex$434M · 57%Net income$249M · 33%Income tax$75M · 10%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.