Janus Henderson (JHG) Cost of Revenue (2016 - 2026)
Janus Henderson (JHG) reported Cost of Revenue of $12.3 million for Q1 2026, up 24.24% on a YoY basis from $9.9 million in Q1 2025, and down 97.65% quarter-over-quarter from $523.7 million in Q4 2025.
Janus Henderson (JHG) Cost of Revenue (2016 - 2026) Analysis & Trends
Janus Henderson has reported Cost of Revenue for 11 years, with the latest figure at $12.3 million in Q1 2026.
- For the quarter ending Q1 2026, Cost of Revenue rose 24.24% year-over-year to $12.3 million; the trailing twelve-month figure through Mar 2026 stood at $558.7 million (up 97.42% YoY), and the FY2025 full-year result was $556.3 million, up 6.8% from the prior year.
- Cost of Revenue for Q1 2026 stood at $12.3 million, down from $523.7 million in the prior quarter.
- The five-year high for Cost of Revenue was $523.7 million in Q4 2025, with the low at -$361.2 million in Q4 2022.
- Historically, Cost of Revenue has averaged $59.4 million across 5 years, with a median of $12.0 million in 2025.
- Annual changes were most pronounced in 2023 — Cost of Revenue soared 1971.43% — and 2024, when it plunged 92.86%.
- Janus Henderson's Cost of Revenue stood at -$361.2 million in 2022, then soared by 102.46% to $8.9 million in 2023, then jumped by 1452.81% to $138.2 million in 2024, then surged by 278.94% to $523.7 million in 2025, then slumped by 97.65% to $12.3 million in 2026.
- The last three Cost of Revenue figures came in at $12.3 million (Q1 2026), $523.7 million (Q4 2025), and $10.7 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 160.20 Bn | 150.57 Bn | - | - |
| 2 | Blackstone | 96.40 Bn | 95.35 Bn | - | - |
| 3 | Kkr | 85.87 Bn | 133.39 Bn | - | - |
| 4 | Apollo Global Management | 79.90 Bn | 98.63 Bn | 5.04 Bn | 15.00 Mn |
| 5 | State Street | 46.62 Bn | 20.95 Bn | - | - |
| 6 | Ameriprise Financial | 42.78 Bn | 42.65 Bn | 4.57 Bn | 317.00 Mn |
| 7 | Northern Trust | 32.35 Bn | 32.35 Bn | - | - |
| 8 | Ares Management | 30.25 Bn | 33.62 Bn | - | - |
| 9 | Raymond James Financial | 30.24 Bn | 18.99 Bn | - | - |
| 10 | Janus Henderson | 7.78 Bn | 6.29 Bn | 677.70 Mn | 12.30 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 12.30 Mn |
| Mar 31, 2026 | 12.30 Mn |
| Dec 31, 2025 | 523.70 Mn |
| Dec 31, 2025 | 523.70 Mn |
| Sep 30, 2025 | 10.70 Mn |
| Sep 30, 2025 | 10.70 Mn |
| Jun 30, 2025 | 12.00 Mn |
| Jun 30, 2025 | 12.00 Mn |
| Mar 31, 2025 | 9.90 Mn |
| Mar 31, 2025 | 9.90 Mn |
| Dec 31, 2024 | 138.20 Mn |
| Dec 31, 2024 | 138.20 Mn |
| Sep 30, 2024 | 8.30 Mn |
| Sep 30, 2024 | 8.30 Mn |
| Jun 30, 2024 | 126.60 Mn |
| Jun 30, 2024 | 126.60 Mn |
| Mar 31, 2024 | 8.00 Mn |
| Mar 31, 2024 | 8.00 Mn |
| Dec 31, 2023 | 8.90 Mn |
| Dec 31, 2023 | 8.90 Mn |