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

Janus Henderson (JHG) reported Operating Margin of 16.51% for Q1 2026, down 821.0% on a YoY basis from 2.29% in Q1 2025, and down 61.31% quarter-over-quarter from 42.67% in Q4 2025.

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

Janus Henderson has reported Operating Margin for 11 years, with the latest figure at 16.51% in Q1 2026.

  • For the quarter ending Q1 2026, Operating Margin fell 821.0% year-over-year to 16.51%; the trailing twelve-month figure through Mar 2026 stood at 29.6% (up 285.0% YoY), and the FY2025 full-year result was 31.54%, up 543.0% from the prior year.
  • Operating Margin for Q1 2026 stood at 16.51%, down from 42.67% in the prior quarter.
  • The five-year high for Operating Margin was 42.67% in Q4 2025, with the low at 13.16% in Q4 2022.
  • Historically, Operating Margin has averaged 24.58% across 5 years, with a median of 24.72% in 2025.
  • Annual changes were most pronounced in 2022 — Operating Margin tumbled 1259 bps — and 2025, when it surged 1478 bps.
  • Janus Henderson's Operating Margin stood at 13.16% in 2022, then surged by 92 bps to 25.28% in 2023, then climbed by 10 bps to 27.88% in 2024, then soared by 53 bps to 42.67% in 2025, then tumbled by 61 bps to 16.51% in 2026.
  • The last three Operating Margin figures came in at 16.51% (Q1 2026), 42.67% (Q4 2025), and 24.56% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 BlackRock 163.18 Bn 153.56 Bn - 42.01%
2 Blackstone 96.85 Bn 95.80 Bn - -
3 Kkr 86.45 Bn 133.96 Bn - 46.06%
4 Apollo Global Management 82.30 Bn 101.04 Bn 5.04 Bn 1.56%
5 State Street 46.95 Bn 21.27 Bn - -
6 Ameriprise Financial 43.65 Bn 43.52 Bn 4.57 Bn 18.44%
7 Northern Trust 31.92 Bn 31.92 Bn - -
8 Raymond James Financial 30.62 Bn 19.37 Bn - -
9 Ares Management 29.04 Bn 32.41 Bn - -
10 Janus Henderson 7.79 Bn 6.30 Bn 677.70 Mn 16.51%

Historic Data

Download Data
DateValue
Mar 31, 2026 16.51%
Dec 31, 2025 42.67%
Sep 30, 2025 24.56%
Jun 30, 2025 25.87%
Mar 31, 2025 24.72%
Dec 31, 2024 27.88%
Sep 30, 2024 26.36%
Jun 30, 2024 27.92%
Mar 31, 2024 21.61%
Dec 31, 2023 25.28%
Sep 30, 2023 23.36%
Jun 30, 2023 22.83%
Mar 31, 2023 20.25%
Dec 31, 2022 13.16%
Sep 30, 2022 23.53%
Jun 30, 2022 25.90%
Mar 31, 2022 25.39%
Dec 31, 2021 22.60%
Sep 30, 2021 36.12%
Jun 30, 2021 30.47%