Janus Henderson Group plc(JHG)Earnings, Financials & Key Ratios

JHG•NYSE•Banking & Credit

$51.60

$7.71B mkt cap·9.9× P/E·Price updated May 6, 2026

SectorFinancial Services IndustryAsset Management Sub-IndustryTraditional active asset managers

AboutJanus 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 portfolios. The firm also manages equity, fixed income, and balanced mutual funds for its clients. It invests in public equity and fixed income markets, as well as invests in real estate and private equity. Janus Henderson Group plc was founded in 1934 and is based in London, United Kingdom with additional offices in Jersey, United Kingdom and Sydney, Australia.Show more

Net Interest Income-$24M-34.4%
Total Revenue$3.1B+25.2%
Net Income$798M+95.2%
Return on Equity14.25%+73.2%
Net Interest Margin-0.29%-13.0%
Efficiency Ratio40.31%-5.4%
ROA10.47%+72.3%
Equity / Assets73.85%+1.2%
Book Value per Share40.08+22.8%
Tangible BV/Share12.91+89.9%
Debt/Equity0.06-32.5%

Technical→

JHG Key Insights

Janus Henderson Group plc (JHG) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Company is almost debt free
✓Strong 5Y profit CAGR of 43.7%
✓Strong Piotroski F-Score: 8/9
✓Efficient operations: 40.3% efficiency ratio
✓Well capitalized: 73.9% equity/assets
✓Diversified revenue: 100.0% from non-interest income

✗Weaknesses

✗Weak NIM of -0.3%

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

JHG Price & Volume

Janus Henderson Group plc (JHG) stock price & volume — 10-year historical chart

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JHG Growth Metrics

Janus Henderson Group plc (JHG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years10.37%

5 Years6.15%

3 Years12.02%

TTM-

Profit CAGR

10 Years9.24%

5 Years43.7%

3 Years28.94%

TTM95.06%

EPS CAGR

10 Years6.52%

5 Years49.51%

3 Years32.86%

TTM105.47%

Return on Capital

10 Years9.9%

5 Years10.98%

3 Years10.86%

Last Year13.48%

JHG Recent Earnings

Janus Henderson Group plc (JHG) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 12/12 qtrs (100%)●Beat Revenue 9/12 qtrs (75%)

Q1 2026Latest

Jan 30, 2026

EPS

$2.01

Est $1.19

+68.9%

Revenue

$1.1B

Est $701M

+63.0%

Q4 2025

Oct 30, 2025

EPS

$1.09

Est $1.01

+7.9%

Revenue

$700M

Est $644M

+8.8%

Q3 2025

Jul 31, 2025

EPS

$0.90

Est $0.84

+7.1%

Revenue

$633M

Est $643M

-1.5%

Q2 2025

May 1, 2025

EPS

$0.79

Est $0.72

+9.7%

Revenue

$621M

Est $623M

-0.3%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q1 2026Latest	Jan 30, 2026	$2.01vs $1.19+68.9%	$1.1Bvs $701M+63.0%
Q4 2025	Oct 30, 2025	$1.09vs $1.01+7.9%	$700Mvs $644M+8.8%
Q3 2025	Jul 31, 2025	$0.90vs $0.84+7.1%	$633Mvs $643M-1.5%
Q2 2025	May 1, 2025	$0.79vs $0.72+9.7%	$621Mvs $623M-0.3%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	FCF Yield	Debt / Equity
IVZInvesco Ltd.Direct Competitor	11.92B	26.83	-16.77	5.11%	-4.42%	-1.74%	12.09%	0.78
AMGAffiliated Managers Group, Inc.Direct Competitor	8.1B	303.64	13.35	19.83%	29.3%	16.01%	12.4%	0.61
VRTSVirtus Investment Partners, Inc.Direct Competitor	958.73M	143.19	7.17	-8%	16.66%	13.51%		2.74
BENFranklin Resources, Inc.Product Competitor	15.83B	30.46	33.47	3.45%	5.98%	5.64%	5.76%	0.94
TROWT. Rowe Price Group, Inc.Product Competitor	22.65B	104.11	11.26	3.12%	28.53%	17.56%	6.53%	0.07
DHILDiamond Hill Investment Group, Inc.Product Competitor	473.29M	174.99	9.77	4.48%	30.89%	27.03%		36.26
GROWU.S. Global Investors, Inc.Product Competitor	34.7M	2.60	-104	-23.05%	-3.95%	0.22%		0.00
BLKBlackRock, Inc.Supply Chain	162.7B	1048.84	24.97	14.27%	31.21%	9.86%	2.89%	0.29

Compare JHG vs Peers

Janus Henderson Group plc (JHG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs IVZ

Most directly comparable listed peer for JHG.

Scale Benchmark

vs BLK

Larger-name benchmark to compare JHG against a more recognizable public peer.

Peer Set

Compare Top 5

vs IVZ, AMG, VRTS, BEN

JHG Income Statement

Janus Henderson Group plc (JHG) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Net Interest Income	-11.9M	-15.7M	-15.1M	-12.9M	-12.8M	-12.6M	-12.7M	-18M	-24.2M
NII Growth %	-80.3%	-31.93%	3.82%	14.57%	0.78%	1.56%	-0.79%	-41.73%	-34.44%
Net Interest Margin %	-0.16%	-0.23%	-0.2%	-0.19%	-0.19%	-0.2%	-0.2%	-0.26%	-0.29%
Interest Income	0	0	0	0	0	0	0	0	0
Interest Expense	11.9M	15.7M	15.1M	12.9M	12.8M	12.6M	12.7M	18M	24.2M
Loan Loss Provision	575.2M	644.2M	635.3M	655.7M	732.1M	648.3M	628M	756.3M	847.9M
Non-Interest Income	1.82B	2.31B	2.19B	2.3B	2.77B	2.2B	2.1B	2.47B	3.1B
Non-Interest Income %	100%	100%	100%	100%	100%	100%	100%	100%	100%
Total Revenue	1.82B▲ 0%	2.31B▲ 26.8%	2.19B▼ 4.9%	2.3B▲ 4.8%	2.77B▲ 20.4%	2.2B▼ 20.4%	2.1B▼ 4.6%	2.47B▲ 17.7%	3.1B▲ 25.2%
Revenue Growth %	78.58%	26.84%	-4.94%	4.84%	20.38%	-20.36%	-4.62%	17.67%	25.23%
Non-Interest Expense	788.9M	996.7M	1B	1.5B	1.2B	1.05B	977.4M	1.05B	1.25B
Efficiency Ratio	43.39%	43.21%	45.66%	65.33%	43.41%	47.78%	46.5%	42.58%	40.31%
Operating Income	442.3M▲ 0%	649.8M▲ 46.9%	540.9M▼ 16.8%	128.3M▼ 76.3%	820.9M▲ 539.8%	489.8M▼ 40.3%	483.7M▼ 1.2%	645.7M▲ 33.5%	976.8M▲ 51.3%
Operating Margin %	24.32%	28.17%	24.67%	5.58%	29.67%	22.23%	23.01%	26.11%	31.54%
Operating Income Growth %	90.56%	46.91%	-16.76%	-76.28%	539.83%	-40.33%	-1.25%	33.49%	51.28%
Pretax Income	447.4M▲ 0%	661.8M▲ 47.9%	583.5M▼ 11.8%	203.5M▼ 65.1%	817.7M▲ 301.8%	375.4M▼ 54.1%	527M▲ 40.4%	611.9M▲ 16.1%	1.15B▲ 88.5%
Pretax Margin %	24.61%	28.69%	26.61%	8.85%	29.55%	17.04%	25.07%	24.74%	37.24%
Income Tax	-211M	162.2M	137.8M	52.2M	205.3M	100.9M	100.3M	166.3M	245.7M
Effective Tax Rate %	-47.16%	24.51%	23.62%	25.65%	25.11%	26.88%	19.03%	27.18%	21.3%
Net Income	655.5M▲ 0%	523.8M▼ 20.1%	427.6M▼ 18.4%	130.3M▼ 69.5%	620M▲ 375.8%	372.4M▼ 39.9%	392M▲ 5.3%	408.9M▲ 4.3%	798.3M▲ 95.2%
Net Margin %	36.05%	22.71%	19.5%	5.67%	22.41%	16.9%	18.65%	16.53%	25.77%
Net Income Growth %	246.83%	-20.09%	-18.37%	-69.53%	375.82%	-39.94%	5.26%	4.31%	95.23%
Net Income (Continuing)	658.4M	499.6M	445.7M	151.3M	612.4M	274.5M	426.7M	445.6M	907.6M
EPS (Diluted)	3.93▲ 0%	2.61▼ 33.6%	2.21▼ 15.3%	0.70▼ 68.3%	3.57▲ 410.0%	2.23▼ 37.5%	2.37▲ 6.3%	2.56▲ 8.0%	5.23▲ 104.3%
EPS Growth %	136.75%	-33.59%	-15.33%	-68.33%	410%	-37.54%	6.28%	8.02%	104.3%
EPS (Basic)	3.97	2.62	2.21	0.70	3.59	2.23	2.37	2.57	5.23
Diluted Shares Outstanding	162.3M	195.9M	188.6M	179.9M	168.5M	162M	160.5M	155.8M	152.7M

JHG Balance Sheet

Janus Henderson Group plc (JHG) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Cash & Short Term Investments	1.49B	1.49B	1.97B	1.59B	1.82B	1.77B	1.88B	2.07B	1.62B
Cash & Due from Banks	794.2M	916.6M	796.5M	1.11B	1.12B	1.18B	1.17B	1.23B	1.25B
Short Term Investments	700.1M	574.5M	1.18B	482.7M	702.3M	595.9M	716.6M	839.2M	364.6M
Total Investments	700.1M	574.5M	1.18B	482.7M	702.3M	595.9M	716.6M	839.2M	364.6M
Investments Growth %	77.9%	-17.94%	105.1%	-59.03%	45.49%	-15.15%	20.26%	17.11%	-56.55%
Long-Term Investments	0	0	0	0	0	0	0	0	0
Accounts Receivables	419.6M	309.2M	334.8M	373.6M	351.6M	252.9M	294M	356.6M	0
Goodwill & Intangibles	4.74B	4.6B	4.59B	4.07B	3.88B	3.67B	3.72B	4.02B	4.15B
Goodwill	1.53B	1.48B	1.5B	1.38B	1.34B	1.25B	1.29B	1.55B	0
Intangible Assets	3.2B	3.12B	3.09B	2.69B	2.54B	2.41B	2.43B	2.47B	4.15B
PP&E (Net)	70.6M	69.5M	84.7M	77.9M	63.3M	51.8M	44.2M	39.4M	33.1M
Other Assets	220.8M	222M	363.3M	349M	345.7M	303.4M	275.2M	260.5M	0
Total Current Assets	2.24B	2.02B	2.58B	2.19B	2.41B	2.21B	2.46B	2.64B	1.25B
Total Non-Current Assets	5.03B	4.89B	5.04B	4.5B	4.29B	4.02B	4.04B	4.32B	4.18B
Total Assets	7.27B▲ 0%	6.91B▼ 5.0%	7.62B▲ 10.3%	6.69B▼ 12.2%	6.7B▲ 0.2%	6.24B▼ 6.9%	6.5B▲ 4.1%	6.96B▲ 7.2%	8.29B▲ 19.0%
Asset Growth %	198.87%	-4.96%	10.27%	-12.21%	0.17%	-6.93%	4.15%	7.18%	19.01%
Return on Assets (ROA)	13.51%	7.39%	5.88%	1.82%	9.26%	5.76%	6.16%	6.08%	10.47%
Accounts Payable	21.5M	6.5M	57.1M	3.2M	2.6M	4.3M	3.2M	4.7M	23.3M
Total Debt	379.2M	320.2M	471.4M	458.5M	444.1M	399.1M	382.5M	486.5M	395.5M
Net Debt	-415M	-596.4M	-325.1M	-649.6M	-674.5M	-777.3M	-785.6M	-748.3M	-858.4M
Long-Term Debt	322M	319.1M	316.2M	313.3M	310.4M	307.5M	304.6M	395M	395.5M
Short-Term Debt	57.2M	0	0	0	0	0	0	0	0
Other Liabilities	127.2M	137.6M	93.1M	84.8M	80.3M	81.6M	79.9M	105.8M	1.75B
Total Current Liabilities	1.01B	728.4M	769.7M	727.8M	785.6M	610.5M	631M	735M	23.3M
Total Non-Current Liabilities	1.2B	1.19B	1.27B	1.14B	1.11B	1.03B	1.01B	1.15B	2.14B
Total Liabilities	2.21B	1.92B	2.04B	1.87B	1.9B	1.64B	1.64B	1.88B	2.17B
Total Equity	5.07B▲ 0%	5B▼ 1.4%	5.58B▲ 11.8%	4.82B▼ 13.7%	4.8B▼ 0.4%	4.6B▼ 4.3%	4.86B▲ 5.6%	5.08B▲ 4.7%	6.12B▲ 20.4%
Equity Growth %	173.78%	-1.36%	11.75%	-13.69%	-0.36%	-4.29%	5.63%	4.69%	20.4%
Equity / Assets (Capital Ratio)	69.66%	72.29%	73.27%	72.03%	71.65%	73.69%	74.74%	73%	73.85%
Return on Equity (ROE)	18.96%	10.41%	8.08%	2.5%	12.89%	7.92%	8.29%	8.23%	14.25%
Book Value per Share	31.21	25.51	29.61	26.79	28.50	28.37	30.25	32.63	40.08
Tangible BV per Share	2.02	2.02	5.26	4.17	5.45	5.73	7.06	6.80	12.91
Common Stock	300.6M	294.6M	280.5M	270.6M	253.6M	248.5M	245M	237.2M	5.28B
Additional Paid-in Capital	3.84B	3.82B	3.83B	3.81B	3.77B	3.71B	3.72B	3.75B	0
Retained Earnings	1.15B	1.31B	1.28B	1.06B	1.04B	1.06B	1.14B	1.1B	0
Accumulated OCI	-301.8M	-423.5M	-367.1M	-324M	-387M	-647.7M	-563.6M	-485.2M	0
Treasury Stock	-155.8M	-170.8M	-139.5M	-107.3M	-55.1M	-8.3M	-1.1M	-900K	0
Preferred Stock	0	0	0	0	0	0	0	0	0

JHG Cash Flow Statement

Janus Henderson Group plc (JHG) cash flow — operating, investing & free cash flow history

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Cash from Operations	444.1M	670.8M	463.2M	645.7M	895.4M	473.3M	441.6M	694.6M	322.7M
Operating CF Growth %	88.9%	51.05%	-30.95%	39.4%	38.67%	-47.14%	-6.7%	57.29%	-53.54%
Net Income	658.4M	499.6M	445.7M	151.3M	612.4M	274.5M	426.7M	445.6M	798.3M
Depreciation & Amortization	52.8M	62.6M	62.6M	49.2M	40.7M	31.7M	22.9M	24.5M	36.3M
Deferred Taxes	-355.6M	-10.5M	-4.7M	-112.7M	-2.2M	-14.3M	-6.1M	2.4M	0
Other Non-Cash Items	-31.1M	-12.3M	-41.6M	441.9M	113.9M	145.9M	-24.1M	56.2M	-511.9M
Working Capital Changes	52.2M	49M	-73M	49.3M	62.4M	-55.1M	-55.2M	94.2M	0
Cash from Investing	519.5M	100.9M	-389.3M	129.4M	-283.3M	58.5M	-328.9M	-285.4M	17.7M
Purchase of Investments	-34.9M	0	-355.7M	-20.2M	-301.5M	0	0	0	0
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	0	0	0	0	0
Net Investment Activity	-33.9M	1000K	-354.7M	-19.2M	-301.5M	0	0	0	0
Acquisitions	417.7M	42.4M	2.3M	43.8M	27.4M	14.9M	0	-126.9M	0
Other Investing	-2.4M	16M	400K	-11.2M	1.2M	61.2M	-318.1M	-148.4M	17.7M
Cash from Financing	-504.7M	-616.8M	-207M	-491M	-588.1M	-419.1M	-151.9M	-324.4M	-87.8M
Dividends Paid	-256M	-275.1M	-272.4M	-262.9M	-256M	-259.4M	-258.7M	-250.1M	0
Share Repurchases	0	-99.8M	-199.9M	-130.8M	-372.1M	-98.9M	-61.9M	-288M	0
Stock Issued	0	0	0	0	0	0	0	0	0
Net Stock Activity	0	-99.8M	-199.9M	-130.8M	-372.1M	-98.9M	-61.9M	-288M	0
Debt Issuance (Net)	-1000K	-1000K	-1000K	-600K	-500K	0	0	1000K	0
Other Financing	-155.3M	-145.3M	266.4M	-96.7M	40.5M	-60.8M	168.7M	122.8M	-87.8M
Net Change in Cash	471M▲ 0%	122.4M▼ 74.0%	-120.1M▼ 198.1%	311.6M▲ 359.5%	10.5M▼ 96.6%	57.8M▲ 450.5%	-8.3M▼ 114.4%	66.7M▲ 903.6%	19.1M▼ 71.4%
Exchange Rate Effect	1000K	-1000K	1000K	1000K	-1000K	-1000K	1000K	-1000K	-1000K
Cash at Beginning	323.2M	794.2M	916.6M	796.5M	1.11B	1.12B	1.18B	1.17B	1.23B
Cash at End	794.2M	916.6M	796.5M	1.11B	1.12B	1.18B	1.17B	1.23B	1.25B
Interest Paid	8M	14.8M	14.6M	14.6M	14.6M	14.6M	14.6M	18.5M	0
Income Taxes Paid	113.1M	184.7M	160M	159M	217.6M	140.7M	104.3M	133.3M	0
Free Cash Flow	426.4M▲ 0%	641.7M▲ 50.5%	425.4M▼ 33.7%	627.9M▲ 47.6%	885M▲ 40.9%	455.7M▼ 48.5%	430.8M▼ 5.5%	684.5M▲ 58.9%	0▼ 100.0%
FCF Growth %	93.03%	50.49%	-33.71%	47.6%	40.95%	-48.51%	-5.46%	58.89%	-100%

JHG Banking Ratios

Janus Henderson Group plc (JHG) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	11.11%	18.96%	10.41%	8.08%	2.5%	12.89%	7.92%	8.29%	8.23%	14.25%
Return on Assets (ROA)	7.65%	13.51%	7.39%	5.88%	1.82%	9.26%	5.76%	6.16%	6.08%	10.47%
Net Interest Margin	-0.27%	-0.16%	-0.23%	-0.2%	-0.19%	-0.19%	-0.2%	-0.2%	-0.26%	-0.29%
Efficiency Ratio	45.81%	43.39%	43.21%	45.66%	65.33%	43.41%	47.78%	46.5%	42.58%	40.31%
Equity / Assets	76.04%	69.66%	72.29%	73.27%	72.03%	71.65%	73.69%	74.74%	73%	73.85%
Book Value / Share	16.65	31.21	25.51	29.61	26.79	28.5	28.37	30.25	32.63	40.08
NII Growth	67.16%	-80.3%	-31.93%	3.82%	14.57%	0.78%	1.56%	-0.79%	-41.73%	-34.44%
Dividend Payout	83.33%	39.05%	52.52%	63.7%	201.77%	41.29%	69.66%	65.99%	61.16%	-

JHG SEC Filings & Documents

Janus Henderson Group plc (JHG) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Mar 25, 2026·SEC

Material company update

Mar 24, 2026·SEC

Material company update

Jan 30, 2026·SEC

10-K Annual Reports

FY 2026

Feb 25, 2026·SEC

10-Q Quarterly Reports

FY 2025

Oct 30, 2025·SEC

JHG Frequently Asked Questions

Janus Henderson Group plc (JHG) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Janus Henderson Group plc (JHG) grew revenue by 25.2% over the past year. This is strong growth.

Yes, Janus Henderson Group plc (JHG) is profitable, generating $797.6M in net income for fiscal year 2025 (25.8% net margin).

Dividend & Returns

Janus Henderson Group plc (JHG) has a return on equity (ROE) of 14.3%. This is reasonable for most industries.

Industry Metrics

Janus Henderson Group plc (JHG) has a net interest margin (NIM) of -0.3%. NIM has been under pressure due to interest rate environment.

Janus Henderson Group plc (JHG) has an efficiency ratio of 40.3%. This is excellent, indicating strong cost control.

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Janus Henderson Group plc (JHG) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

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Valuation

DCF intrinsic value, peer multiples & estimates

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Janus Henderson Group plc(JHG)Earnings, Financials & Key Ratios

JHG Key Insights

✓Strengths

✗Weaknesses

JHG Price & Volume

JHG Growth Metrics

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