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
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