Growth Metrics

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

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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
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