JHG

MKT CAP:$8B

Janus Henderson Group plc

Market Cap

$8B

Financial Services·Asset Management·🇬🇧 United Kingdom·NYSE

Financials·Asset Management·🇬🇧·NYSE

Stock Price

$51.56+$3.78 (+7.91%)

Apr 23, 2026

Company Details

Janus Henderson Group plc is an asset management holding entity. Through its subsidiaries, the firm provides services to institutional, retail clients, and high net worth clients. It manages separate client-focused equity and fixed income p...

CEO

Ali Dibadj

IPO Date

May 30, 2017

Website

www.janushenderson.com

Key Metrics TTM

Revenue

$3.1B

+177.7% YoY

Net Income

$1.1B

EPS (Diluted)

$6.63

Free Cash Flow

$717M

Revenue / Share

$20.90

Gross Margin

70.8%

Operating Margin

33.5%

Net Margin

35.8%

FCF Margin

22.8%

P/S

2.5x

P/E

7.1x

Earnings Reports

Q1 2026

May 7, 2026

PENDING

FY 2025

Feb 25, 2026

$3.1BEPS $5.23

Q4 2025

Feb 25, 2026

$1.1B+61.3%EPS $2.62

Q3 2025

Oct 30, 2025

$700MEPS $0.92

Q4 2024

Feb 27, 2025

$708MEPS $0.77

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 16	$257M	$177M	$56M
Q3 16	$245M	$168M	$64M
Q1 17	$233M	$152M	$51M
Q2 17	$397M	$263M	$57M
Q4 17	$592M	$407M	$197M
Q4 24	$708M	$486M	$198M
Q3 25	$700M	$495M	$172M
Q4 25	$1.1B	$836M	$487M

Valuation

Quarter	P/S	P/E
Q2 16	—	—
Q3 16	—	—
Q1 17	—	—
Q2 17	7.0x	43.2x
Q4 17	5.4x	13.0x
Q4 24	4.1x	11.7x
Q3 25	3.3x	10.3x
Q4 25	2.5x	7.1x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 16	$42M	$37M
Q3 16	$43M	$39M
Q1 17	$70M	$68M
Q2 17	-$8M	-$14M
Q4 17	$226M	$217M
Q4 24	$247M	$244M
Q3 25	$259M	$256M
Q4 25	-$74M	$0

Capital Expenditures

Quarter	CapEx
Q2 16	$5M
Q3 16	$4M
Q1 17	$2M
Q2 17	$6M
Q4 17	$9M
Q4 24	$4M
Q3 25	$2M
Q4 25	$74M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 17	+130.3%	+97.0%
Q4 24	+189.1%	+182.4%
Q3 25	+200.6%	+190.0%
Q4 25	+188.0%	+92.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 16	$10M	3.9%
Q3 16	$10M	4.0%
Q1 17	$8M	3.4%
Q2 17	$23M	5.8%
Q4 17	$10M	1.7%
Q4 24	$20M	2.9%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M
Q2 16	$24M	$61M
Q3 16	$25M	$53M
Q1 17	$25M	$54M
Q2 17	$67M	$83M
Q4 17	$56M	$97M
Q4 24	$88M	$153M
Q3 25	$85M	$146M
Q4 25	$108M	$146M

Revenue Segments

Quarter	Distribution and Shareholder Service	Investment Advice	Investment Performance	Product and Service, Other
Q3 25	$67M	$563M	$16M	$55M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$813M	$664M	$1.5B
Q2 22	$874M	$1.3B	$2.2B
Q3 22	$1.0B	$509M	$1.5B
Q4 22	$1.2B	$596M	$1.8B
Q1 23	$862M	$850M	$1.7B
Q2 23	$1.0B	$776M	$1.8B
Q3 23	$1.1B	$608M	$1.7B
Q4 23	$1.2B	$717M	$1.9B
Q1 24	$922M	$728M	$1.7B
Q2 24	$1.0B	$814M	$1.8B
Q3 24	$1.5B	$1.0B	$2.5B
Q4 24	$1.2B	$839M	$2.1B
Q1 25	$1.1B	$1.1B	$2.2B
Q2 25	$912M	$1.4B	$2.4B
Q3 25	$1.0B	$1.5B	$2.5B
Q4 25	$1.3B	$365M	$1.6B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 16	110M	—	—
Q3 16	114M	+3.3%	—
Q1 17	111M	-2.8%	—
Q2 17	144M	+30.0%	—
Q4 17	198M	+37.5%	+79.4%
Q4 24	155M	-21.7%	+36.0%
Q3 25	155M	0.0%	+40.0%
Q4 25	150M	-2.8%	+4.6%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 16	—	—
Q3 16	—	—
Q1 17	—	—
Q2 17	—	—
Q4 17	$251.3K	2K
Q4 24	$308.0K	2K
Q3 25	$304.5K	2K
Q4 25	$496.7K	2K

Revenue / Employee