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| 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 |