Janus Henderson (JHG) Operating Expenses (2016 - 2026)

Janus Henderson (JHG) posted Operating Expenses of $576.1 million for Q1 2026, down 12.03% on a QoQ basis from $654.9 million in Q4 2025, and up 23.15% year-over-year from $467.8 million in Q1 2025.

Janus Henderson (JHG) Operating Expenses (2016 - 2026) Analysis & Trends

Janus Henderson's Operating Expenses history runs 11 years deep, the most recent figure standing at $576.1 million for Q1 2026.

  • Quarterly Operating Expenses rose 23.15% year-over-year to $576.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $2.2 billion (up 19.65% YoY) and the FY2025 annual result came in at $2.1 billion, up 16.03% from the prior year.
  • Operating Expenses was $576.1 million for Q1 2026 at Janus Henderson, 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.
  • A 5-year average of $462.1 million and a median of $447.4 million in 2022 frame the typical range for Operating Expenses.
  • Annual changes were most pronounced in 2022 — Operating Expenses declined 19.83% — and 2025, when it increased 28.21%.
  • Janus Henderson's Operating Expenses stood at $447.4 million in 2022, then declined by 5.05% to $424.8 million in 2023, then advanced by 20.24% to $510.8 million in 2024, then advanced by 28.21% to $654.9 million in 2025, then retreated by 12.03% to $576.1 million in 2026.
  • Business Quant data shows JHG's Operating Expenses at $576.1 million in Q1 2026, $654.9 million in Q4 2025, and $528.4 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Brookfield 1,261.80 Bn 1,217.21 Bn 18.56 Bn -14.14 Bn
2 BlackRock 165.12 Bn 151.98 Bn - 3.88 Bn
3 Blackstone 103.58 Bn 101.13 Bn - 2.26 Bn
4 Brookfield Asset Management 76.31 Bn 75.26 Bn - 733.00 Mn
5 Apollo Global Management 73.95 Bn 73.95 Bn -409.00 Mn 4.68 Bn
6 State Street 51.18 Bn 51.18 Bn - 2.81 Bn
7 Ameriprise Financial 50.08 Bn 40.82 Bn 4.57 Bn 3.67 Bn
8 Raymond James Financial 34.03 Bn 19.06 Bn - 3.12 Bn
9 Northern Trust 33.84 Bn 33.84 Bn - 1.51 Bn
10 Janus Henderson 8.00 Bn 6.52 Bn 677.70 Mn 576.10 Mn

Historic Data

Download Data
DateValue
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