Janus Henderson (JHG) Operating Expenses (2016 - 2026)
Janus Henderson (JHG) reported Operating Expenses of $576.1 million for Q1 2026, up 23.15% on a YoY basis from $467.8 million in Q1 2025, and down 12.03% quarter-over-quarter from $654.9 million in Q4 2025.
Janus Henderson (JHG) Operating Expenses (2016 - 2026) Analysis & Trends
Janus Henderson has reported Operating Expenses for 11 years, with the latest figure 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.
- The five-year high for Operating Expenses was $654.9 million in Q4 2025, with the low at $392.2 million in Q3 2022.
- Historically, Operating Expenses has averaged $462.1 million across 5 years, with a median of $447.4 million in 2022.
- Annual changes were most pronounced in 2022 — Operating Expenses decreased 19.83% — and 2025, when it advanced 28.21%.
- Janus Henderson's Operating Expenses stood at $447.4 million in 2022, then slipped by 5.05% to $424.8 million in 2023, then rose by 20.24% to $510.8 million in 2024, then rose by 28.21% to $654.9 million in 2025, then declined 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 | 163.18 Bn | 153.56 Bn | - | 3.88 Bn |
| 2 | Blackstone | 96.85 Bn | 95.80 Bn | - | 2.26 Bn |
| 3 | Kkr | 86.45 Bn | 133.96 Bn | - | 3.87 Bn |
| 4 | Apollo Global Management | 82.30 Bn | 101.04 Bn | 5.04 Bn | 4.68 Bn |
| 5 | State Street | 46.95 Bn | 21.27 Bn | - | 2.81 Bn |
| 6 | Ameriprise Financial | 43.65 Bn | 43.52 Bn | 4.57 Bn | 3.67 Bn |
| 7 | Northern Trust | 31.92 Bn | 31.92 Bn | - | 1.51 Bn |
| 8 | Raymond James Financial | 30.62 Bn | 19.37 Bn | - | 3.12 Bn |
| 9 | Ares Management | 29.04 Bn | 32.41 Bn | - | 1.17 Bn |
| 10 | Janus Henderson | 7.79 Bn | 6.30 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 |