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Franklin Resources, Inc. is a publicly owned asset investment manager. Through its subsidiaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It launches equity, fixed income, balanced, and multi-asset mutual funds through its subsidiaries. The firm invests in the public equity, fixed income, and alternative markets. Franklin Resources, Inc. was founded in 1947 and is based in San Mateo, California with an additional office in Calgary, Alberta; Dubai, United Arab Emirates; Edinburgh, Midlothian; Fort Lauderdale, Florida; Hyderabad, India; London, Greater London; Rancho Cordova, California; Shanghai, Shanghai Province; Singapore; Stamford, Connecticut; and Vienna.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $8.8B | $1.4B | $525M | $912M | 4.3% | 3.5% | 12.9% |
| 2024 | $8.5B | $1.4B | $465M | $794M | 3.7% | 8.0% | -47.3% |
| 2023 | $7.8B | $1.9B | $883M | $940M | 7.4% | -5.1% | -31.7% |
| 2022 | $8.3B | $2.2B | $1.3B | $1.9B | 11.3% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 8,275.30 | 7,849.40 | 8,478 | 8,770.70 |
| Cost Of Revenue | - | 1,426.40 | 1,499.50 | 1,686.60 | 1,724 |
| Gross Profit | - | 6,848.90 | 6,349.90 | 6,791.40 | 7,046.70 |
| Operating Expense | - | 4,903.60 | 4,913 | 5,633.50 | 5,946.90 |
| Operating Income | - | 1,945.30 | 1,436.90 | 1,157.90 | 1,099.80 |
| EBITDA | - | 2,205.40 | 1,907.10 | 1,375.10 | 1,413.50 |
| EBIT | - | 1,827.60 | 1,461.70 | 920.40 | 881.70 |
| Pretax Income | - | 1,729.40 | 1,338 | 823.20 | 786.80 |
| Tax Provision | - | 396.20 | 312.30 | 215.30 | 237.90 |
| Net Income | - | 1,291.90 | 882.80 | 464.80 | 524.90 |
| Net Income Common Stockholders | - | 1,237.80 | 845.10 | 432.20 | 471.70 |
| Total Expenses | - | 6,330 | 6,412.50 | 7,320.10 | 7,670.90 |
| Interest Expense | - | 98.20 | 123.70 | 97.20 | 94.90 |
| Interest Income | 8.80 | - | - | - | - |
| Selling General And Administration | - | 4,121.40 | 4,066.90 | 4,675.20 | 4,896.80 |
| Normalized EBITDA | - | 2,390.20 | 1,987 | 1,809.70 | 1,760 |
| Normalized Income | - | 1,434.38 | 944.08 | 785.53 | 766.76 |
| Market Cap | 14,123.11 | 14,123.11 | 14,123.11 | 14,123.11 | 14,123.11 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Franklin Resources, Inc.this co. | BEN | $15.6B | 26.91↑ premium | 1.17 | 4.3% | 16.87 |
| Huntington Bancshares Incorporated | HBAN | $25.7B | 15.04 | 1.54 | 10.2% | - |
| Loews Corporation | L | $23.1B | 13.65 | 1.22 | 8.9% | - |
| T. Rowe Price Group, Inc. | TROW | $22.3B | 10.35 | 1.99 | 19.2% | 6.06 |
| Principal Financial Group, Inc. | PFG |
| - |
| - |
| - |
| - |
| - |
| - |
| $22.1B |
| 18.14 |
| 1.81 |
| 10.0% |
| - |
| Brown & Brown, Inc. | BRO | $20.6B | 21.28 | 1.79 | 8.4% | 14.32 |
| Everest Group, Ltd. | EG | $14.5B | 8.64 | 0.89 | 10.3% | - |
| Globe Life Inc. | GL | $12.4B | 10.31 | 2.00 | 19.4% | - |
| Assurant, Inc. | AIZ | $11.7B | 13.11 | 1.95 | 14.9% | - |
| Peer Median | - | 13.38 | 1.80 | 10.3% | 10.19 | |