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| Date | Value |
|---|---|
| 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% |