Hamilton Lane INC shares outstanding HLNE

Diluted shares outstanding, averaged over each quarter, from 2018.

Hamilton Lane INC had 41.7M diluted shares outstanding on average in Q1 FY27, the quarter to Jun 30, 2026.

That is 0.7% fewer than a year earlier, so each share owns a little more of the company.

Shares outstanding over time

Fiscal year	Shares, fourth quarter	Change
FY2020	29.5M	+49%
FY2018	19.9M	n/a

Each fiscal year is the twelve months to its fourth quarter, shown as the fourth quarter's average share count.

Quarter	Ended	Shares outstanding	On a year earlier
Q1 FY27	Jun 30, 2026	41.7M	−1%
Q3 FY26	Dec 31, 2025	42.6M	+6%
Q2 FY26	Sep 30, 2025	41.9M	+5%
Q1 FY26	Jun 30, 2025	42M	+5%
Q3 FY25	Dec 31, 2024	40.1M	+5%
Q2 FY25	Sep 30, 2024	40.1M	+6%
Q1 FY25	Jun 30, 2024	40.1M	+5%
Q3 FY24	Dec 31, 2023	38.2M	n/a
Q2 FY24	Sep 30, 2023	37.8M	+5%
Q1 FY24	Jun 30, 2023	38.3M	+4%
Q2 FY23	Sep 30, 2022	36M	−3%
Q1 FY23	Jun 30, 2022	36.8M	+2%

Diluted shares outstanding, averaged over the period. Fewer shares means each one owns more of the company.

A falling count usually means buybacks. A rising one means stock pay, acquisitions paid in shares or new shares sold.

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.