Janus Henderson Group plc, an independent global asset manager, recently released its 10-Q report for the first quarter of 2025. The company specializes in active investment across major asset classes, including equities, fixed income, multi-asset, and alternatives. As of March 31, 2025, the company's assets under management (AUM) stood at $373.2 billion, marking a 6% increase from the previous year.
In the first quarter of 2025, Janus Henderson achieved solid investment performance, with 77%, 65%, and 73% of its AUM outperforming relevant benchmarks on a three-, five-, and 10-year basis, respectively. The company reported net inflows of $2.0 billion during the quarter, with AUM increasing by 6% to $373.2 billion compared to the previous year. Additionally, the company announced a strategic partnership with Guardian in April, which includes managing a $45 billion investment-grade public fixed income asset portfolio.
In terms of financial performance, revenue for the first quarter of 2025 was $621.4 million, representing a 13% increase compared to the same period in 2024. The increase in revenue was primarily driven by a $53.6 million increase in management fees due to an improvement in average AUM. Total operating expenses for the first quarter of 2025 were $467.8 million, an 8% increase from the first quarter of 2024, with key drivers including an increase in employee compensation and benefits, as well as distribution expenses. Operating income for the first quarter of 2025 was $153.6 million, marking a 29% increase from the first quarter of 2024, with an operating margin of 24.7%.
Net income attributable to JHG for the first quarter of 2025 was $120.7 million, representing a decrease of $9.4 million, or 7%, compared to the first quarter of 2024. This decrease was influenced by various factors, including a decline in other non-operating income, net, and unfavorable movements in investment gains (losses), net.
The company's AUM as of March 31, 2025, stood at $373.2 billion, with a decrease of $5.5 billion driven primarily by unfavorable market performance. Approximately 27% of Janus Henderson's AUM was non-USD-denominated, with movements in foreign currency rates impacting the AUM.
Today the company's shares have moved 3.0% to a price of $34.21. For the full picture, make sure to review Janus Henderson's 10-Q report.
