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
DateValue
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%