Hamilton Lane tops EPS expectations as fee margin reaches 51%
As seen on the 24/7 Wall St. homepage on November 3, 2026.
Fee-related earnings margin expanded to 51%, so the revenue miss on carried interest is a timing matter, not a破 in the recurring base. EPS beat expectations and management is targeting a $2.40 full-year dividend.
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Hamilton Lane posted adjusted EPS of $1.98 for its fiscal second quarter, beating expectations and extending a streak of quarters above estimates.
Revenue missed expectations, but the gap traces almost entirely to incentive fee timing, which management has long described as unpredictable.
The durable line kept expanding: the FRE margin reached 51% from 49% a year ago, lifting earnings quality.
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Fee-earning AUM grew 12% year over year, widening the base that generates those recurring fees.
Management is targeting a full-year fiscal 2027 dividend of $2.40 per share, an 11% increase, which points investors toward earnings durability rather than one quarter's incentive fee timing.
Mentioned: HLNE