Janus Henderson reports Q4 adjusted EPS $2.01, consensus $1.19

Reports Q4 revenue $996.6M, consensus $763.09M. The company said, “Despite a deceleration in inflows, we ended 2025 with solid fourth quarter results that delivered improvements in adjusted operating revenue, operating income, and EPS, driven mostly by markets and strong annual performance fees. In 2025, we demonstrated several signs of continued progress across the business thanks to our valued employees, who have worked together to execute our strategy to Protect and Grow, Amplify, and Diversify our business. Along these lines, the previously announced definitive agreement to acquire Richard Bernstein Advisors will position Janus Henderson (JHG) as a leading model portfolio and separately managed account provider. At the completion of the transaction, Janus Henderson will rank among the top 10 model portfolio providers in North America, placing it at the forefront of an industry that is well positioned for growth. In addition, RBA’s deep expertise in model and SMA distribution will allow Janus Henderson to strengthen its distribution capabilities, including with wirehouses and Registered Investment Advisors. We look forward to welcoming the RBA team as new colleagues of Janus Henderson and look forward to growing the business for our clients, together. Going forward, we will continue to invest more in our brand, technology, and talented people, underscoring our unwavering commitment to deliver for our clients.”