Janus Henderson Group Ltd.
Business
Janus Henderson Group plc is an independent global asset manager providing investment management and advisory services across equities, fixed income, multi-asset and alternatives for institutional and retail clients. The company offers investment products and solutions distributed through intermediaries, institutional channels and self-directed platforms. JHG operates across North America, EMEA, Latin America, Asia Pacific and Australia, generating revenue primarily through management fees based on assets under management and performance fees tied to specified investment criteria.
Summary from 10-K filed 2026-02-25
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Total revenue | 3,097 | 2,473 | 2,102 | 2,204 | 2,767 | |
| Labor and Related Expense | 872 | 716 | 593 | 612 | 693 | |
| Long-term incentive plans | 184 | 167 | 167 | 181 | 181 | |
| Distribution expenses | 556 | 521 | 456 | 498 | 554 | |
| Investment administration | 69 | 58 | 47 | 49 | 52 | |
| Marketing | 47 | 40 | 37 | 27 | 32 | |
| General, administrative and occupancy | 348 | 301 | 295 | 279 | 272 | |
| Impairment of assets | 8 | 0 | 0 | — | — | |
| Depreciation and amortization | 36 | 25 | 23 | 32 | 41 | |
| Total operating expenses | 2,121 | 1,828 | 1,618 | 1,714 | 1,946 | |
| Operating income | 977 | 646 | 484 | 490 | 821 | |
| Interest expense | −24 | −18 | −13 | −13 | −13 | |
| Investment gains, net | 147 | 71 | 43 | −113 | 800,000 | |
| Other non-operating income (expense), net | 54 | −87 | 13 | 12 | 9 | |
| Income before taxes | 1,153 | 612 | 527 | 375 | 818 | |
| Income tax provision | −246 | −166 | −100 | −101 | −205 | |
| Net income | 908 | 446 | 427 | 275 | 612 | |
| Net income attributable to noncontrolling interests | −92 | −37 | −35 | 98 | 8 | |
| Net income attributable to JHG | 816 | 409 | 392 | 372 | 620 | |
| Basic (in dollars per share) | 5.25 | 2.57 | 2.37 | 2.23 | 3.59 | |
| Diluted (in dollars per share) | 5.23 | 2.56 | 2.37 | 2.23 | 3.57 | |
| Foreign currency translation gains (losses) | 146 | −53 | 97 | −221 | −50 | |
| Reclassification of foreign currency translation to net income | 1 | 138 | 5 | −4 | — | |
| Actuarial losses | −4 | −13 | −14 | −38 | −22 | |
| Other comprehensive income, net of tax | 143 | 73 | 87 | −263 | −73 | |
| Other comprehensive loss (income) attributable to noncontrolling interests | −12 | 6 | −3 | 2 | 400,000 | |
| Other comprehensive income attributable to JHG | 132 | 78 | 84 | −261 | −72 | |
| Total comprehensive income | 1,051 | 519 | 514 | 12 | 540 | |
| Total comprehensive income attributable to noncontrolling interests | −103 | −31 | −38 | 100 | 8 | |
| Total comprehensive income attributable to JHG | 948 | 487 | 476 | 112 | 548 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 1,254 | 1,217 | 1,152 | 1,162 | — | |
| Investments | 365 | 337 | 334 | 262 | — | |
| Fees and other receivables | 757 | 357 | 294 | 253 | 352 | |
| OEIC and unit trust receivables | 47 | 69 | 95 | 66 | 84 | |
| Other current assets | 155 | 135 | 175 | 120 | 150 | |
| Total current assets | 3,814 | 2,640 | 2,456 | 2,215 | 2,409 | |
| Property, equipment and software, net | 33 | 39 | 44 | 52 | 63 | |
| Intangible assets, net | 2,527 | 2,473 | 2,431 | 2,415 | 2,543 | |
| Goodwill | 1,621 | 1,550 | 1,290 | 1,253 | 1,342 | |
| Retirement benefit asset, net | 72 | 70 | 88 | 98 | — | |
| Other Assets, Noncurrent | 219 | 190 | 188 | 206 | 181 | |
| Total assets | 8,287 | 6,963 | 6,497 | 6,238 | 6,702 | |
| Accounts Payable and Accrued Liabilities, Current | 338 | 266 | 231 | 233 | 271 | |
| Current portion of accrued compensation, benefits and staff costs | 505 | 389 | 298 | 301 | 420 | |
| OEIC and unit trust payables | 47 | 76 | 99 | 73 | — | |
| Total current liabilities | 913 | 735 | 631 | 611 | 786 | |
| Accrued compensation, benefits and staff costs | 49 | 39 | 45 | 47 | 46 | |
| Long-term debt | 396 | 395 | 305 | 308 | 310 | |
| Deferred tax liabilities, net | 625 | 569 | 571 | 575 | 619 | |
| Other Liabilities, Noncurrent | 186 | 142 | 90 | 99 | 134 | |
| Total liabilities | 2,167 | 1,880 | 1,641 | 1,641 | 1,900 | |
| Commitments and contingencies (See Note 19) | — | — | — | — | — | |
| REDEEMABLE NONCONTROLLING INTERESTS | 845 | 365 | 317 | 234 | 149 | |
| Common stock, $1.50 par value; 480,000,000 shares authorized, and 154,075,608 and 158,126,855 shares issued and outstanding as of December 31, 2025, and December 31, 2024, respectively | 231 | 237 | 245 | 249 | 254 | |
| Additional paid-in-capital | 3,734 | 3,745 | 3,722 | 3,707 | 3,772 | |
| Treasury shares, 46,306 and 36,171 shares held at December 31, 2025, and December 31, 2024, respectively | −1 | −900,000 | −1 | −8 | −55 | |
| Accumulated other comprehensive loss, net of tax | −354 | −485 | −564 | −648 | −387 | |
| Retained earnings | 1,498 | 1,095 | 1,136 | 1,061 | 1,040 | |
| Total shareholders equity | 5,108 | 4,592 | 4,538 | 4,360 | 4,624 | |
| Nonredeemable noncontrolling interests | 167 | 127 | 200,000 | 3 | 15 | |
| Total equity | 5,276 | 4,718 | 4,538 | 4,363 | 4,639 | |
| Total liabilities, redeemable noncontrolling interests and equity | 8,287 | 6,963 | 6,497 | 6,238 | 6,702 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 36 | 25 | 23 | 32 | 41 | |
| Deferred income taxes | 48 | 2 | −6 | −14 | −2 | |
| Liability settled | 80 | 72 | 77 | 91 | 68 | |
| Reclassification of foreign currency translation to net income | 1 | 138 | 5 | −4 | — | |
| Provision for credit losses and contingent consideration adjustments | −22 | 0 | 24 | 0 | 0 | |
| Other, net | −11 | −11 | −9 | −8 | −8 | |
| OEIC and unit trust receivables and payables | −7 | 3 | −3 | −700,000 | 1 | |
| Fees receivable and other assets | −354 | −12 | −25 | 42 | −45 | |
| Other accruals and liabilities | 188 | 103 | −27 | −96 | 106 | |
| Net operating activities | 720 | 695 | 442 | 473 | 895 | |
| Investments, net | −86 | −37 | −60 | 45 | −177 | |
| Property, equipment and software | −9 | −10 | −11 | −18 | −10 | |
| Investments by consolidated seeded investment products, net | −261 | −101 | −225 | −44 | −97 | |
| Seed capital hedges, net | −94 | −11 | −38 | 76 | −27 | |
| Acquisitions, net of cash acquired | −2 | −127 | 0 | 0 | — | |
| Other, net | −9 | 700,000 | 4 | 500,000 | — | |
| Net investing activities | −461 | −285 | −329 | 59 | −283 | |
| Purchase of common stock for stock-based compensation plans | −97 | −80 | −57 | −114 | −72 | |
| Purchase of common stock for the share buyback program | −169 | −208 | −62 | −99 | −372 | |
| Dividends paid to shareholders | −249 | −250 | −259 | −259 | −256 | |
| Issuance of long-term debt | 0 | 395 | 0 | 0 | — | |
| Repayment of current portion of long-term debt | 0 | −304 | 0 | 0 | — | |
| Third-party capital invested into consolidated seeded investment products, net | 267 | 123 | 227 | 51 | 100 | |
| Other, net | 9 | −300,000 | −1 | 2 | — | |
| Net financing activities | −239 | −324 | −152 | −419 | −588 | |
| Net change | 59 | 67 | −8 | 58 | 11 | |
| Effect of foreign exchange rate changes | 39 | −18 | 31 | −55 | −14 | |
| Cash paid for interest | 22 | 19 | 15 | 15 | 15 | |
| Cash paid for income taxes, net of refunds | 171 | 133 | 104 | 141 | 218 |
Filings
Material Events
Insiders
Institutional Holders
Holdings (13F)
Portfolio as of 2026-03-31 · 8,565 positions
Top sectors
| Sector | Value | % of portfolio |
|---|---|---|
| Uncategorized | $993.28B | 100.0% |
Top holdings
| Issuer | Ticker | Shares | Value | % |
|---|---|---|---|---|
| CHIPOTLE MEXICAN GRILL INC | — | 7.49M | $236.85B | 23.9% |
| CHIPOTLE MEXICAN GRILL INC | — | 7.49M | $236.85B | 23.9% |
| ALIBABA GROUP HLDG LTD | — | 33.00M | $45.83B | 4.6% |
| ALIBABA GROUP HLDG LTD | — | 33.00M | $45.83B | 4.6% |
| NVIDIA CORPORATION | — | 71.19M | $12.35B | 1.2% |
| NVIDIA CORPORATION | — | 71.19M | $12.35B | 1.2% |
| MICROSOFT CORP | — | 20.92M | $7.71B | 0.8% |
| MICROSOFT CORP | — | 20.92M | $7.71B | 0.8% |
| ALPHABET INC | — | 21.16M | $6.05B | 0.6% |
| ALPHABET INC | — | 21.16M | $6.05B | 0.6% |
Frequently asked questions
What is Janus Henderson Group Ltd.'s CIK number?
Janus Henderson Group Ltd.'s SEC CIK number is 0001274173 (1274173). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Janus Henderson Group Ltd.'s SEC filings?
All of Janus Henderson Group Ltd.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Janus Henderson Group Ltd. last report earnings?
Janus Henderson Group Ltd. (JHG) most recently filed an earnings 8-K with the SEC on May 8, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001437749-26-015922). This is Janus Henderson Group Ltd.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Janus Henderson Group Ltd.'s most recent earnings 8-K?
Janus Henderson Group Ltd.'s latest earnings 8-K (Item 2.02) was filed May 8, 2026 under accession 0001437749-26-015922. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Janus Henderson Group Ltd.'s latest earnings 8-K →
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