Janus Henderson Group Reports 8% Revenue Growth to $633.2 Million in Q2 2025

Janus Henderson Group PLC reported a strong financial performance for the second quarter of 2025, with total revenue reaching $633.2 million, an increase of 8% compared to $588.4 million in the same period last year. The growth was primarily driven by a $34.2 million rise in management fees, attributed to an increase in average assets under management (AUM), which rose to $457.3 billion, up 27% year-over-year. Net income attributable to Janus Henderson Group was $149.9 million, reflecting a 16% increase from $129.7 million in the prior year, while diluted earnings per share rose to $0.95, a 17% increase from $0.81.

The company experienced significant changes in its operational metrics, particularly in AUM, which saw a substantial increase of $78.6 billion since December 31, 2024. This growth was bolstered by net inflows of $46.7 billion, largely from a strategic partnership with Guardian Life Insurance Company, which contributed $46.5 billion in predominantly investment-grade public fixed income assets. Additionally, Janus Henderson's investment performance remained strong, with 72% of AUM outperforming relevant benchmarks over various time frames.

In terms of operational developments, Janus Henderson completed several strategic acquisitions, including Victory Park Capital Advisors, which expanded its capabilities in private markets, and a partnership with Guardian Life, enhancing its fixed income asset management. The company also reported an increase in employee compensation and benefits, which rose by $12.7 million in the second quarter, driven by a higher average headcount following these acquisitions.

The filing indicated that total operating expenses increased by 11% to $469.4 million, influenced by higher distribution expenses and general administrative costs. Despite the rise in expenses, the operating income remained relatively stable at $163.8 million, resulting in an operating margin of 25.9%, down from 27.9% in the previous year. The company also noted a favorable movement in investment gains, which totaled $52.6 million for the quarter, significantly higher than the $6.4 million reported in the same quarter of 2024.

Looking ahead, Janus Henderson anticipates continued growth in AUM and revenue, supported by its strategic initiatives and market conditions. The company expects to maintain a strong capital position, with sufficient liquidity to meet its operational needs and potential future investments. The Board of Directors declared a quarterly dividend of $0.40 per share, reflecting the company's commitment to returning capital to shareholders while pursuing growth opportunities.