Janus Henderson (JHG) Gross Margin (2016 - 2026)
Janus Henderson (JHG) reported Gross Margin of 98.22% for Q1 2026, down 19.0% on a YoY basis from 121.26% in Q1 2025, and up 81.37% quarter-over-quarter from 54.15% in Q4 2025.
Janus Henderson (JHG) Gross Margin (2016 - 2026) Analysis & Trends
Janus Henderson has reported Gross Margin for 11 years, with the latest figure at 98.22% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin fell 19.0% year-over-year to 98.22%; the trailing twelve-month figure through Mar 2026 stood at 82.35% (down 652.0% YoY), and the FY2025 full-year result was 82.04%, up 310.0% from the prior year.
- Gross Margin for Q1 2026 stood at 98.22%, up from 54.15% in the prior quarter.
- The five-year high for Gross Margin was 170.11% in Q4 2022, with the low at 54.15% in Q4 2025.
- Historically, Gross Margin has averaged 92.85% across 5 years, with a median of 98.2% in 2023.
- The largest YoY upside for Gross Margin was 2121 bps in 2023 against a maximum downside of 7167 bps in 2023.
- Janus Henderson's Gross Margin stood at 170.11% in 2022, then plunged by 42 bps to 98.43% in 2023, then declined by 18 bps to 80.49% in 2024, then plunged by 33 bps to 54.15% in 2025, then soared by 81 bps to 98.22% in 2026.
- The last three Gross Margin figures came in at 98.22% (Q1 2026), 54.15% (Q4 2025), and 98.47% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 154.03 Bn | 144.41 Bn | - | - |
| 2 | Blackstone | 89.67 Bn | 88.62 Bn | - | - |
| 3 | Kkr | 82.99 Bn | 130.50 Bn | - | - |
| 4 | Apollo Global Management | 75.96 Bn | 94.69 Bn | 5.04 Bn | 99.70% |
| 5 | State Street | 45.12 Bn | 19.44 Bn | - | - |
| 6 | Ameriprise Financial | 41.87 Bn | 41.74 Bn | 4.57 Bn | 93.51% |
| 7 | Northern Trust | 31.37 Bn | 31.37 Bn | - | - |
| 8 | Raymond James Financial | 29.45 Bn | 18.21 Bn | - | - |
| 9 | Ares Management | 28.36 Bn | 31.73 Bn | - | - |
| 10 | Janus Henderson | 7.78 Bn | 6.29 Bn | 677.70 Mn | 98.22% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 98.22% |
| Dec 31, 2025 | 54.15% |
| Sep 30, 2025 | 98.47% |
| Jun 30, 2025 | 98.10% |
| Mar 31, 2025 | 98.41% |
| Dec 31, 2024 | 80.49% |
| Sep 30, 2024 | 98.67% |
| Jun 30, 2024 | 78.48% |
| Mar 31, 2024 | 98.55% |
| Dec 31, 2023 | 98.43% |
| Sep 30, 2023 | 77.74% |
| Jun 30, 2023 | 98.20% |
| Mar 31, 2023 | 77.41% |
| Dec 31, 2022 | 170.11% |
| Sep 30, 2022 | 98.91% |
| Jun 30, 2022 | 76.99% |
| Mar 31, 2022 | 77.13% |
| Dec 31, 2021 | 153.80% |
| Sep 30, 2021 | 98.91% |
| Jun 30, 2021 | 99.09% |