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
DateValue
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