Franklin Resources Inc Financials

BEN

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE September

This page shows Franklin Resources Inc (BEN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 19 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 48/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Franklin Resources Inc has an operating margin of 6.9%, meaning the company retains $7 of operating profit per $100 of revenue. This results in a moderate score of 34/100, indicating healthy but not exceptional operating efficiency. This is up from 4.8% the prior year.

Growth

Franklin Resources Inc's revenue grew a modest 3.5% year-over-year to $8.8B. This slow but positive growth earns a score of 38/100.

Leverage

100

Franklin Resources Inc carries a low D/E ratio of 0.20, meaning only $0.20 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Cash Flow

Franklin Resources Inc has a free cash flow margin of 10.4%, earning a moderate score of 52/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Franklin Resources Inc generates a 4.3% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 17/100. This is up from 3.7% the prior year.

Piotroski F-Score Strong

7/9

Franklin Resources Inc passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

2.03x

For every $1 of reported earnings, Franklin Resources Inc generates $2.03 in operating cash flow ($1.1B OCF vs $524.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

6.4x

Franklin Resources Inc earns $6.4 in operating income for every $1 of interest expense ($604.1M vs $94.9M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Revenue

$8.8B

YoY+3.5%

5Y CAGR+9.5%

10Y CAGR+1.0%

Franklin Resources Inc generated $8.8B in revenue in fiscal year 2025. This represents an increase of 3.5% from the prior year.

EBITDA

$729.4M

YoY+39.2%

5Y CAGR-8.3%

10Y CAGR-13.5%

Franklin Resources Inc's EBITDA was $729.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 39.2% from the prior year.

Free Cash Flow

$911.6M

YoY+14.8%

5Y CAGR-1.4%

10Y CAGR-8.4%

Franklin Resources Inc generated $911.6M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 14.8% from the prior year.

Net Income

$524.9M

YoY+12.9%

5Y CAGR-8.1%

10Y CAGR-12.7%

Franklin Resources Inc reported $524.9M in net income in fiscal year 2025. This represents an increase of 12.9% from the prior year.

EPS (Diluted)

$0.91

YoY+7.1%

5Y CAGR-10.6%

10Y CAGR-12.1%

Franklin Resources Inc earned $0.91 per diluted share (EPS) in fiscal year 2025. This represents an increase of 7.1% from the prior year.

Cash & Debt

$3.6B

YoY-18.9%

5Y CAGR-2.2%

10Y CAGR-8.2%

Franklin Resources Inc held $3.6B in cash against $2.4B in long-term debt as of fiscal year 2025.

Dividends Per Share

$1.28

YoY+3.2%

5Y CAGR+3.5%

10Y CAGR+1.5%

Franklin Resources Inc paid $1.28 per share in dividends in fiscal year 2025. This represents an increase of 3.2% from the prior year.

Shares Outstanding

521M

YoY-0.5%

5Y CAGR+0.6%

10Y CAGR-1.4%

Franklin Resources Inc had 521M shares outstanding in fiscal year 2025. This represents a decrease of 0.5% from the prior year.

Gross Margin

N/A

Operating Margin

6.9%

YoY+2.1pp

5Y CAGR-12.0pp

10Y CAGR-31.2pp

Franklin Resources Inc's operating margin was 6.9% in fiscal year 2025, reflecting core business profitability. This is up 2.1 percentage points from the prior year.

Net Margin

6.0%

YoY+0.5pp

5Y CAGR-8.4pp

10Y CAGR-19.6pp

Franklin Resources Inc's net profit margin was 6.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.5 percentage points from the prior year.

Return on Equity

4.3%

YoY+0.6pp

5Y CAGR-3.6pp

10Y CAGR-12.8pp

Franklin Resources Inc's ROE was 4.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.6 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

$240.3M

YoY-12.4%

5Y CAGR+1.9%

10Y CAGR-13.8%

Franklin Resources Inc spent $240.3M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 12.4% from the prior year.

Capital Expenditures

$154.5M

YoY-12.8%

5Y CAGR+8.3%

10Y CAGR+8.4%

Franklin Resources Inc invested $154.5M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 12.8% from the prior year.

BEN Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$8.8B+3.5%	$8.5B+8.0%	$7.8B-5.1%	$8.3B-1.8%	$8.4B+51.4%	$5.6B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$774.5M+10.1%	$703.3M+24.5%	$565.0M0.0%	$564.9M+5.2%	$537.2M+19.3%	$450.3M
Operating Income	$604.1M+48.2%	$407.6M-63.0%	$1.1B-37.9%	$1.8B-5.4%	$1.9B+78.8%	$1.0B
Interest Expense	$94.9M-2.4%	$97.2M-21.4%	$123.7M+26.0%	$98.2M+15.0%	$85.4M+155.7%	$33.4M
Income Tax	$237.9M+10.5%	$215.3M-31.1%	$312.3M-21.2%	$396.2M+13.3%	$349.6M+51.5%	$230.8M
Net Income	$524.9M+12.9%	$464.8M-47.3%	$882.8M-31.7%	$1.3B-29.5%	$1.8B+129.2%	$798.9M
EPS (Diluted)	$0.91+7.1%	$0.85-50.6%	$1.72-32.0%	$2.53-29.1%	$3.57+124.5%	$1.59

Metric	Q1'26	Q3'25	Q2'25	Q3'24	Q1'25	Q3'23	Q2'24	Q1'24
Revenue	$2.3B+12.7%	$2.1B-2.2%	$2.1B+7.2%	$2.0B-1.1%	$2.0B-2.0%	$2.0B+5.4%	$1.9B-2.0%	$2.0B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$195.6M+6.5%	$183.7M+0.5%	$182.8M+33.9%	$136.5M+3.4%	$132.0M-16.5%	$158.1M+9.4%	$144.5M-1.2%	$146.2M
Operating Income	$281.0M+82.3%	$154.1M+5.8%	$145.6M-53.8%	$314.9M+52.5%	$206.5M-49.0%	$404.7M+58.6%	$255.1M+31.5%	$194.0M
Interest Expense	$20.4M-20.9%	$25.8M+24.0%	$20.8M-40.4%	$34.9M+85.6%	$18.8M-34.9%	$28.9M-13.7%	$33.5M+8.4%	$30.9M
Income Tax	$105.0M+75.3%	$59.9M+92.6%	$31.1M-63.0%	$84.1M+12.3%	$74.9M-16.3%	$89.5M-3.7%	$92.9M+54.1%	$60.3M
Net Income	$255.5M+176.8%	$92.3M-39.0%	$151.4M-33.5%	$227.5M-9.5%	$251.3M-2.0%	$256.4M+32.0%	$194.2M+17.3%	$165.6M
EPS (Diluted)	$0.46+206.7%	$0.15-42.3%	$0.26-40.9%	$0.44-12.0%	$0.500.0%	$0.50+31.6%	$0.38+18.8%	$0.32

BEN Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$32.4B-0.3%	$32.5B+7.8%	$30.1B+7.3%	$28.1B+16.1%	$24.2B+11.5%	$21.7B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$3.6B-18.9%	$4.4B+0.1%	$4.4B-7.9%	$4.8B+2.9%	$4.6B+16.5%	$4.0B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$1.5B+4.2%	$1.5B+9.7%	$1.3B+6.6%	$1.3B-11.4%	$1.4B+15.8%	$1.2B
Goodwill	$6.2B-0.1%	$6.2B+3.5%	$6.0B+3.9%	$5.8B+29.6%	$4.5B-1.0%	$4.5B
Total Liabilities	$18.2B+1.6%	$17.9B+8.2%	$16.5B+16.2%	$14.2B+24.6%	$11.4B+11.2%	$10.3B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$2.4B-15.0%	$2.8B-8.9%	$3.1B-9.6%	$3.4B-0.7%	$3.4B+12.7%	$3.0B
Total Equity	$12.1B-3.4%	$12.5B+5.0%	$11.9B+3.9%	$11.5B+2.2%	$11.2B+11.0%	$10.1B
Retained Earnings	$11.5B-3.5%	$11.9B-3.6%	$12.4B+2.7%	$12.0B+4.3%	$11.6B+10.3%	$10.5B

Metric	Q1'26	Q3'25	Q2'25	Q3'24	Q1'25	Q3'23	Q2'24	Q1'24
Total Assets	$32.5B0.0%	$32.6B+1.8%	$32.0B-1.5%	$32.5B+8.7%	$29.9B-0.8%	$30.1B+3.6%	$29.1B-0.9%	$29.3B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$3.5B-11.9%	$4.0B+11.8%	$3.5B-19.7%	$4.4B+13.6%	$3.9B-11.9%	$4.4B+2.9%	$4.3B-5.0%	$4.5B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$1.4B-16.1%	$1.7B+18.6%	$1.5B-1.8%	$1.5B+0.6%	$1.5B+9.0%	$1.3B+3.7%	$1.3B+0.7%	$1.3B
Goodwill	$6.3B+1.3%	$6.2B+0.2%	$6.2B-0.2%	$6.2B+3.3%	$6.0B+0.2%	$6.0B-0.1%	$6.0B+1.1%	$5.9B
Total Liabilities	$18.2B+0.2%	$18.1B+7.8%	$16.8B-6.1%	$17.9B+10.8%	$16.1B-2.4%	$16.5B+5.5%	$15.7B+6.0%	$14.8B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$2.4B-11.6%	$2.7B-0.2%	$2.7B-3.9%	$2.8B-8.7%	$3.0B-0.2%	$3.1B-9.3%	$3.4B-0.2%	$3.4B
Total Equity	$12.1B-0.6%	$12.2B-1.2%	$12.3B-1.3%	$12.5B+4.2%	$12.0B+0.7%	$11.9B+0.7%	$11.8B+1.4%	$11.7B
Retained Earnings	$11.5B-0.6%	$11.6B-1.0%	$11.7B-1.7%	$11.9B-3.8%	$12.4B+0.2%	$12.4B+1.0%	$12.3B+1.2%	$12.1B

BEN Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$1.1B+9.8%	$971.3M-10.8%	$1.1B-44.3%	$2.0B+57.1%	$1.2B+15.0%	$1.1B
Capital Expenditures	$154.5M-12.8%	$177.1M+19.0%	$148.8M+64.8%	$90.3M+13.9%	$79.3M-23.5%	$103.7M
Free Cash Flow	$911.6M+14.8%	$794.2M-15.5%	$940.4M-49.6%	$1.9B+60.1%	$1.2B+19.0%	$979.6M
Investing Cash Flow	-$2.3B+3.3%	-$2.4B+32.9%	-$3.6B-8.4%	-$3.3B-27.3%	-$2.6B+35.6%	-$4.1B
Financing Cash Flow	$452.4M-68.0%	$1.4B-32.8%	$2.1B+32.9%	$1.6B-21.9%	$2.0B+176.4%	$734.4M
Dividends Paid	$683.7M+4.2%	$656.4M+8.1%	$607.3M+4.2%	$583.1M+4.2%	$559.7M+5.0%	$533.2M
Share Buybacks	$240.3M-12.4%	$274.4M+7.1%	$256.3M+41.8%	$180.8M-13.2%	$208.2M-4.6%	$218.2M

Metric	Q1'26	Q3'25	Q2'25	Q3'24	Q1'25	Q3'23	Q2'24	Q1'24
Operating Cash Flow	-$255.1M-119.9%	$1.3B+2659.1%	-$50.1M-109.0%	$558.2M+321.6%	-$251.9M-132.9%	$764.5M+1143.0%	-$73.3M+71.4%	-$256.3M
Capital Expenditures	$31.2M+122.9%	$14.0M-62.7%	$37.5M-46.3%	$69.8M+257.9%	$19.5M-28.6%	$27.3M+77.3%	$15.4M-43.8%	$27.4M
Free Cash Flow	-$51.9M-104.1%	$1.3B+1547.6%	-$87.6M-117.9%	$488.4M+280.0%	-$271.4M-136.8%	$737.2M+931.1%	-$88.7M+68.7%	-$283.7M
Investing Cash Flow	-$317.2M+64.0%	-$880.7M-141.9%	-$364.1M+69.7%	-$1.2B-772.8%	-$137.6M+58.6%	-$332.1M+71.8%	-$1.2B-13.1%	-$1.0B
Financing Cash Flow	$487.4M+3072.0%	-$16.4M-105.6%	$292.4M-67.8%	$909.2M+671.8%	-$159.0M+58.8%	-$385.9M-137.5%	$1.0B+7.2%	$958.9M
Dividends Paid	$170.2M-1.7%	$173.2M0.0%	$173.2M+3.7%	$167.1M+7.3%	$155.7M+2.1%	$152.5M-0.6%	$153.4M+3.4%	$148.4M
Share Buybacks	$41.9M-73.4%	$157.4M+1474.0%	$10.0M-90.2%	$102.4M+74.1%	$58.8M-68.4%	$186.3M+5075.0%	$3.6M-74.6%	$14.2M

BEN Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	6.9%+2.1pp	4.8%-9.2pp	14.0%-7.4pp	21.4%-0.8pp	22.3%+3.4pp	18.8%
Net Margin	6.0%+0.5pp	5.5%-5.8pp	11.3%-4.4pp	15.6%-6.1pp	21.7%+7.4pp	14.3%
Return on Equity	4.3%+0.6pp	3.7%-3.7pp	7.4%-3.9pp	11.3%-5.1pp	16.3%+8.4pp	7.9%
Return on Assets	1.6%+0.2pp	1.4%-1.5pp	2.9%-1.7pp	4.6%-3.0pp	7.6%+3.9pp	3.7%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.20-0.0	0.22-0.0	0.26-0.0	0.290.0	0.300.0	0.30
FCF Margin	10.4%+1.0pp	9.4%-2.6pp	12.0%-10.6pp	22.6%+8.7pp	13.8%-3.8pp	17.6%

Metric	Q1'26	Q3'25	Q2'25	Q3'24	Q1'25	Q3'23	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	12.1%+4.6pp	7.5%+0.6pp	6.9%-9.1pp	16.0%+5.6pp	10.4%-9.5pp	19.9%+6.7pp	13.2%+3.4pp	9.9%
Net Margin	11.0%+6.5pp	4.5%-2.7pp	7.2%-4.4pp	11.6%-1.1pp	12.6%0.0pp	12.6%+2.5pp	10.1%+1.7pp	8.4%
Return on Equity	2.1%+1.4pp	0.8%-0.5pp	1.2%-0.7pp	1.9%-0.2pp	2.1%-0.1pp	2.2%+0.6pp	1.6%+0.2pp	1.4%
Return on Assets	0.8%+0.5pp	0.3%-0.2pp	0.5%-0.3pp	0.8%-0.1pp	0.8%-0.1pp	0.9%+0.3pp	0.7%+0.1pp	0.6%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.19-0.0	0.220.0	0.220.0	0.22-0.0	0.250.0	0.26-0.0	0.280.0	0.29
FCF Margin	-9.6%-71.1pp	61.4%+65.6pp	-4.2%-33.4pp	29.2%+42.9pp	-13.6%-53.3pp	39.7%+44.3pp	-4.6%+9.8pp	-14.4%

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Frequently Asked Questions

What is Franklin Resources Inc's annual revenue?

Franklin Resources Inc (BEN) reported $8.8B in total revenue for fiscal year 2025. This represents a 3.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Franklin Resources Inc's revenue growing?

Franklin Resources Inc (BEN) revenue grew by 3.5% year-over-year, from $8.5B to $8.8B in fiscal year 2025.

Is Franklin Resources Inc profitable?

Yes, Franklin Resources Inc (BEN) reported a net income of $524.9M in fiscal year 2025, with a net profit margin of 6.0%.

What is Franklin Resources Inc's earnings per share (EPS)?

Franklin Resources Inc (BEN) reported diluted earnings per share of $0.91 for fiscal year 2025. This represents a 7.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Franklin Resources Inc's EBITDA?

Franklin Resources Inc (BEN) had EBITDA of $729.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Franklin Resources Inc have?

As of fiscal year 2025, Franklin Resources Inc (BEN) had $3.6B in cash and equivalents against $2.4B in long-term debt.

What is Franklin Resources Inc's operating margin?

Franklin Resources Inc (BEN) had an operating margin of 6.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Franklin Resources Inc's net profit margin?

Franklin Resources Inc (BEN) had a net profit margin of 6.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Franklin Resources Inc pay dividends?

Yes, Franklin Resources Inc (BEN) paid $1.28 per share in dividends during fiscal year 2025.

What is Franklin Resources Inc's return on equity (ROE)?

Franklin Resources Inc (BEN) has a return on equity of 4.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Franklin Resources Inc's free cash flow?

Franklin Resources Inc (BEN) generated $911.6M in free cash flow during fiscal year 2025. This represents a 14.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Franklin Resources Inc's operating cash flow?

Franklin Resources Inc (BEN) generated $1.1B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Franklin Resources Inc's total assets?

Franklin Resources Inc (BEN) had $32.4B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Franklin Resources Inc's capital expenditures?

Franklin Resources Inc (BEN) invested $154.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Franklin Resources Inc buy back shares?

Yes, Franklin Resources Inc (BEN) spent $240.3M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Franklin Resources Inc have outstanding?

Franklin Resources Inc (BEN) had 521M shares outstanding as of fiscal year 2025.

What is Franklin Resources Inc's debt-to-equity ratio?

Franklin Resources Inc (BEN) had a debt-to-equity ratio of 0.20 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Franklin Resources Inc's return on assets (ROA)?

Franklin Resources Inc (BEN) had a return on assets of 1.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Franklin Resources Inc's Piotroski F-Score?

Franklin Resources Inc (BEN) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Franklin Resources Inc's earnings high quality?

Franklin Resources Inc (BEN) has an earnings quality ratio of 2.03x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Franklin Resources Inc cover its interest payments?

Franklin Resources Inc (BEN) has an interest coverage ratio of 6.4x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Franklin Resources Inc?

Franklin Resources Inc (BEN) scores 48 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.