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Franklin Resources Inc

Franklin Resources Inc’s revenue for fiscal 2025 (year ended September 2025) was $8.8 billion, up 3.45% from fiscal 2024.

Revenue: +14.3%
EPS: +106.7%
Free cash flow: −55.7%
Total debt: +28.5%

Quarter to June 2026, against a year earlier

32.40 1.47 −4.34%

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Market cap: $16.4B
P/E: 22.0×
Fwd P/E: 16.0×
Dividend yield: 4.07%
F-score: 5/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Franklin Resources Inc (BEN) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by products and services, and margins
Investment management fees	6,982	79.60%
Sales and distribution fees	1,475	16.81%
Shareholder servicing fees	265	3.02%
Other	50	0.57%
Gross margin		100.00%
Operating margin		6.89%
Pre-tax margin		8.97%

Revenue by product or service $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017
Investment management fees	6,982 79.60%	6,822 80.47%	6,453 82.21%	6,617 79.96%	6,542 77.64%	3,982 71.53%	3,985 70.29%	4,368 70.39%	4,359 68.20%
Sales and distribution fees	1,475 16.81%	1,381 16.29%	1,204 15.33%	1,415 17.10%	1,636 19.41%	1,362 24.47%	1,445 25.48%	1,600 25.78%	1,706 26.68%
Shareholder servicing fees	265 3.02%	229 2.70%	153 1.95%	193 2.33%	211 2.51%	195 3.50%	216 3.82%	222 3.58%	226 3.53%
Other	50 0.57%	46 0.54%	40 0.51%	51 0.61%	37 0.44%	28 0.50%	23 0.41%	15 0.25%	—
Other, not broken out	—	—	—	—	—	—	—	—	102 1.59%
Revenue	8,771	8,478	7,849	8,275	8,426	5,567	5,669	6,205	6,392

Revenue by segment $m

Line	FY2011	FY2010	FY2009
Investment Management and Related Services	7,113 99.63%	5,815 99.34%	4,196 100.04%
Banking or Finance	27 0.38%	38 0.66%	(2) (0.04%)
Revenue	7,140	5,853	4,194

Revenue by region $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
United States	6,614 75.41%	6,358 74.99%	5,881 74.92%	6,126 74.03%	5,979 70.96%	3,595 64.58%	3,396 59.90%	3,608 58.14%	3,871 60.55%	4,064 61.40%	4,634 58.30%	5,014 59.05%	5,390 67.50%	4,792 67.48%	4,589 64.28%	3,920 66.97%	2,918 69.57%
Luxembourg	1,296 14.77%	1,238 14.60%	1,132 14.42%	1,280 15.47%	1,508 17.90%	1,303 23.41%	1,534 27.05%	1,732 27.91%	1,655 25.89%	1,708 25.81%	2,279 28.67%	2,034 23.95%	363 4.55%	312 4.39%	—	—	—
Asia-Pacific	328 3.74%	309 3.64%	309 3.93%	337 4.07%	388 4.60%	321 5.77%	255 4.49%	297 4.79%	283 4.42%	268 4.05%	312 3.92%	420 4.95%	661 8.28%	628 8.84%	689 9.65%	571 9.76%	343 8.19%
Europe, Middle East and Africa, Excluding Luxembourg	279 3.18%	306 3.61%	271 3.45%	235 2.84%	212 2.52%	107 1.93%	96 1.70%	98 1.57%	—	—	—	—	—	—	—	—	—
Americas Excluding United States	254 2.90%	268 3.16%	257 3.28%	297 3.59%	338 4.02%	240 4.32%	389 6.86%	470 7.58%	483 7.56%	—	—	—	—	—	—	—	—
Europe, the Middle East and Africa, excluding Luxembourg	—	—	—	—	—	—	—	—	101 1.58%	94 1.42%	127 1.60%	160 1.88%	184 2.31%	147 2.07%	—	—	—
California	—	—	—	—	—	—	—	—	—	274 4.14%	339 4.26%	358 4.21%	323 4.05%	309 4.35%	345 4.83%	303 5.18%	233 5.56%
Bahamas	—	—	—	—	—	—	—	—	—	205 3.09%	250 3.15%	493 5.80%	1,050 13.15%	904 12.73%	1,042 14.59%	754 12.88%	489 11.65%
Latin America	—	—	—	—	—	—	—	—	—	6 0.09%	8 0.10%	13 0.15%	14 0.17%	10 0.14%	40 0.56%	26 0.44%	13 0.31%
Segment, Geographical, Groups of Countries, Group Four	—	—	—	—	—	—	—	—	—	—	—	—	—	—	435 6.10%	280 4.78%	198 4.73%
Revenue	8,771	8,478	7,849	8,275	8,426	5,567	5,669	6,205	6,392	6,618	7,949	8,491	7,985	7,101	7,140	5,853	4,194

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Alternative	Q3 FY2026	$294.2B	$258.4B	+13.85%
Americas, excl. U.S.	Q3 FY2026	$100.4B	$120.4B	−16.61%
Asia-Pacific	Q3 FY2026	$191.1B	$168.5B	+13.41%
Cash Management	Q3 FY2026	$80.5B	$71.9B	+11.96%
Cash management net flows	Q3 FY2026	−$7.0B	$2.7B	−359.26%
Europe, Middle East and Africa	Q3 FY2026	$232.3B	$208.0B	+11.68%
Fixed income	Q3 FY2026	$441.4B	$441.7B	−0.07%
Fundraising in alternatives	Q3 FY2026	$11.8B	$6.2B	+90.32%
Institutional pipeline of won-but-unfunded mandates	Q4 FY2025	$20.4B	—	—
Long-term inflows	Q3 FY2026	$122.0B	$75.6B	+61.38%
Long-term net flows	Q3 FY2026	$18.4B	−$9.3B	+297.85%
Long-term outflows	Q3 FY2026	−$103.6B	−$84.9B	−22.03%
Multi-Asset	Q3 FY2026	$218.6B	$183.2B	+19.32%
Net market change, distributions and other	Q3 FY2026	$98.0B	$78.0B	+25.64%
Private market fundraising	Q3 FY2026	$10.3B	—	—
Total international	Q3 FY2026	$523.8B	$496.9B	+5.41%
Total net flows	Q3 FY2026	$11.4B	−$6.6B	+272.73%

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023
Alternative	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Americas, excl. U.S.	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Asia-Pacific	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Cash Management	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Cash management net flows	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Europe, Middle East and Africa	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Fixed income	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Fundraising in alternatives	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Institutional pipeline of won-but-unfunded mandates	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Long-term inflows	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Long-term net flows	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Long-term outflows	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Multi-Asset	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Net market change, distributions and other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Private market fundraising	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total international	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total net flows	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.