Investment AdviceIFRS · EUR

Janus Henderson Group plc

Janus Henderson Group Ltd. is an independent global asset manager incorporated in Jersey, Channel Islands, with operations across North America, Europe, Latin America, the Middle East, Asia and Australia. The firm manages investment products for institutional and retail clients across equities, fixed income, multi-asset and alternatives.

Liikevaihto3 097milj. EUR
+25,2 %v/v
Liikevoitto (EBIT)977milj. EUR
+51,3 %v/v
EBIT-marginaali31,5%
+5,4 %-yks.v/v
Nettotulos816milj. EUR
+99,5 %v/v
Vapaa kassavirta711milj. EUR
+3,9 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

01 0002 0003 0004 000milj. EUR2020: 2 299 milj. EUR2020: EBIT 158 milj. EUR20202021: 2 767 milj. EUR2021: EBIT 823 milj. EUR20212022: 2 204 milj. EUR2022: EBIT 490 milj. EUR20222023: 2 102 milj. EUR2023: EBIT 484 milj. EUR20232024: 2 473 milj. EUR2024: EBIT 646 milj. EUR20242025: 3 097 milj. EUR2025: EBIT 977 milj. EUR20253 097977
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Equities30 %

Actively managed equity strategies across regions, styles and market capitalizations.

Fixed Income30 %

Bond and credit strategies for public fixed income investors and mandates.

Multi-Asset20 %

Diversified portfolios and allocation solutions spanning multiple asset classes.

Alternatives20 %

Private and alternative strategies including specialized credit and opportunistic products.

Tuotteet

Raportoitu · osuus liikevaihdosta
70,0%14,9%FY2025100 %
  • Investment Advice70,0 %
  • Investment Performance14,9 %
  • Distribution and Shareholder Service8,3 %
  • Other6,8 %

Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

Janus Henderson sells to intermediaries, institutional investors and self-directed clients. Its products are distributed through banks, broker-dealers, financial advisors, fund platforms, insurers and other financial intermediaries, which buy or recommend the firm’s strategies because they need investable products, portfolio construction tools and client-facing solutions.

Intermediary channel

Banks, broker-dealers, advisors and platforms distribute the firm's funds, SMAs and model portfolios.

Institutional investors

Pension funds, endowments, insurers and other institutions buy mandates and pooled vehicles.

Self-directed retail investors

Individuals access mutual funds, ETFs and other pooled products through platforms.

Consultants and multi-managers

Allocate or recommend strategies for underlying client portfolios and model solutions.

Strategia

The firm’s strategy centers on protecting and growing core active franchises, amplifying capabilities that are underused, and diversifying where it has a right to win. It also uses selective acquisitions and partnerships to broaden product capabilities, distribution reach and client coverage while maintaining a global local-presence model.

Protect and grow core franchisesLyhyt aikaväli

Core equity and fixed income capabilities are the main source of client relationships and AUM retention.

Broaden distribution reachLyhyt aikaväli

The firm relies on third-party channels and must stay accessible to advisors, platforms and institutions.

Diversify product capabilitiesKeskipitkä aikaväli

A wider product set helps capture different client needs and reduce dependence on any single style or channel.

Selective inorganic growthKeskipitkä aikaväli

Acquisitions and partnerships can add capabilities, teams and distribution relationships faster than organic buildout.

Maantiede

The company operates globally, with local presence in most major markets and tailored materials for regional clients. Its business spans North America, the UK, continental Europe, Latin America, the Middle East, Asia and Australia, so asset gathering and distribution depend on cross-border market access and local regulatory regimes.

Riskit

Janus Henderson is exposed to market performance, client flow volatility and intense competition in active asset management. Its dependence on third-party distributors, global regulatory regimes and foreign-currency translation also makes revenue sensitive to channel access, market cycles and cross-border operating conditions.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Dependence on third-party distribution channels1Market and AUM volatility2Cybersecurity and operational resilience3Foreign exchange and international regulation4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Dependence on third-party distribution channelsVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The firm reaches many clients through intermediaries that also sell competing products and can change their business models.

    KohdistuuFinancial advisorsBanksBroker-dealersPlatforms
  2. Market and AUM volatilityVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Management fees are tied to asset values, so equity and bond market moves directly affect revenue.

    Kohdistuu: All product lines

  3. Cybersecurity and operational resilienceVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The business handles sensitive client and fund data and depends on uninterrupted trading and servicing systems.

    KohdistuuClient dataTradingFund administration
  4. Foreign exchange and international regulationVaikutus: KeskitasoTodennäköisyys: Korkea

    Overseas revenue and expenses are affected by currency moves and local regulatory requirements.

    KohdistuuUKEuropeAsiaOther non-US markets
  5. Competitive pressure from passive and larger managersVaikutus: Keskitaso

    Clients can switch to lower-cost passive products or larger firms with broader capabilities and distribution.

    KohdistuuEquitiesETFsCore fund products

Kirjanpito

Harkinnanvaraiset erät
Management fee revenue tied to AUM

Fees are calculated on asset values, so market swings and client flows change revenue timing and amount.

Vaikutus: Revenue and operating income

Performance fee recognition

Performance fees can be lumpy and depend on benchmark outperformance and contractual terms.

Vaikutus: Quarterly revenue volatility

Consolidated investment products

Judgment is required to determine whether sponsored funds must be consolidated, affecting assets and liabilities.

Vaikutus: Balance sheet size and earnings presentation

Goodwill and intangible assets

Acquired businesses and brands must be tested for impairment if performance weakens.

Vaikutus: Non-cash impairment charges

Retirement benefit plans and income taxes

Actuarial and tax assumptions can materially change expense and equity balances.

Vaikutus: Pension and tax provisions

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 24.9.2026