Janus Henderson (JHG) Operating Expenses (2016 - 2026)
Janus Henderson posted quarterly Operating Expenses of $576.1 million for Q1 2026, up 23.15% year-on-year from $467.8 million in Q1 2025, and down 12.03% on a QoQ basis from $654.9 million in Q4 2025.
Janus Henderson (JHG) has 11 years of Operating Expenses data on file, last reported at $576.1 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 23.15% year-over-year to $576.1 million; the trailing twelve-month figure through Mar 2026 stood at $2.2 billion (up 19.65% YoY), and the FY2025 full-year result was $2.1 billion, up 16.03% from the prior year.
- Operating Expenses for Q1 2026 stood at $576.1 million, down from $654.9 million in the prior quarter.
- Across five years, Operating Expenses topped out at $654.9 million in Q4 2025 and bottomed at $392.2 million in Q3 2022.
- The 5-year median for Operating Expenses is $447.4 million (2022), against an average of $462.1 million.
- The widest annual swing landed in 2022, when Operating Expenses decreased 19.83%; it then advanced 28.21% in 2025.
- A 5-year view of Operating Expenses shows it stood at $447.4 million in 2022, then dropped by 5.05% to $424.8 million in 2023, then gained by 20.24% to $510.8 million in 2024, then gained by 28.21% to $654.9 million in 2025, then fell by 12.03% to $576.1 million in 2026.
- The last three Operating Expenses figures came in at $576.1 million (Q1 2026), $654.9 million (Q4 2025), and $528.4 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 158.51 Bn | 148.89 Bn | - | 3.88 Bn |
| 2 | Blackstone | 92.68 Bn | 91.63 Bn | - | 2.26 Bn |
| 3 | Kkr | 84.94 Bn | 132.45 Bn | - | 3.87 Bn |
| 4 | Brookfield Asset Management | 77.34 Bn | 77.68 Bn | - | 733.00 Mn |
| 5 | Apollo Global Management | 76.27 Bn | 95.00 Bn | 5.04 Bn | 4.68 Bn |
| 6 | State Street | 44.42 Bn | 18.75 Bn | - | 2.81 Bn |
| 7 | Ameriprise Financial | 41.68 Bn | 41.55 Bn | 4.57 Bn | 3.67 Bn |
| 8 | Northern Trust | 31.21 Bn | 31.21 Bn | - | 1.51 Bn |
| 9 | Ares Management | 28.85 Bn | 32.22 Bn | - | 1.17 Bn |
| 10 | Janus Henderson | 7.77 Bn | 6.28 Bn | 677.70 Mn | 576.10 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 576.10 Mn |
| Dec 31, 2025 | 654.90 Mn |
| Sep 30, 2025 | 528.40 Mn |
| Jun 30, 2025 | 469.40 Mn |
| Mar 31, 2025 | 467.80 Mn |
| Dec 31, 2024 | 510.80 Mn |
| Sep 30, 2024 | 460.10 Mn |
| Jun 30, 2024 | 424.10 Mn |
| Mar 31, 2024 | 432.50 Mn |
| Dec 31, 2023 | 424.80 Mn |
| Sep 30, 2023 | 399.30 Mn |
| Jun 30, 2023 | 398.60 Mn |
| Mar 31, 2023 | 395.40 Mn |
| Dec 31, 2022 | 447.40 Mn |
| Sep 30, 2022 | 392.20 Mn |
| Jun 30, 2022 | 411.60 Mn |
| Mar 31, 2022 | 462.60 Mn |
| Dec 31, 2021 | 539.60 Mn |
| Sep 30, 2021 | 439.10 Mn |
| Jun 30, 2021 | 513.40 Mn |
| Mar 31, 2021 | 454.00 Mn |
| Dec 31, 2020 | 459.70 Mn |
| Sep 30, 2020 | 412.00 Mn |
| Jun 30, 2020 | 411.30 Mn |
| Mar 31, 2020 | 887.30 Mn |
| Dec 31, 2019 | 446.90 Mn |
| Sep 30, 2019 | 392.40 Mn |
| Jun 30, 2019 | 417.40 Mn |
| Mar 31, 2019 | 394.80 Mn |
| Dec 31, 2018 | 395.10 Mn |
| Sep 30, 2018 | 432.90 Mn |
| Jun 30, 2018 | 417.10 Mn |
| Mar 31, 2018 | 411.50 Mn |
| Dec 31, 2017 | 425.20 Mn |
| Sep 30, 2017 | 428.70 Mn |
| Jun 30, 2017 | 339.90 Mn |
| Mar 31, 2017 | 182.20 Mn |
| Dec 31, 2016 | 215.70 Mn |
| Sep 30, 2016 | 180.90 Mn |
| Jun 30, 2016 | 200.70 Mn |