FRANKLIN RESOURCES INC

Listed Company

BENCIK 0000038777NYSELarge AcceleratedInvestment AdviceDelawareFY ends Sep 30

Period

FY 2025

Revenue

$8.77B

Net Income

$524.90M

Total Assets

$32.37B

Equity

$12.08B

Shares Out

519.64M

Op. Cash Flow

$1.07B

+ 13F Filer

Business

FRANKLIN RESOURCES INC is a holding company that provides investment management and related services through its subsidiaries. It offers a broad range of investment products and services, including mutual funds, closed‑end funds, ETFs, private funds, institutional and retail separately managed accounts, alternative strategies, fund administration, sales and distribution, sub‑advisory services, and trust and custody solutions. The Company operates one reporting segment—investment management and related services—delivered by specialist investment manager subsidiaries operating under multiple brand names. It serves retail, institutional and high‑net‑worth clients globally through direct channels and financial intermediaries.

Summary from filing dated 2025-11-10

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Operating revenues	8,771	8,478	7,849	8,275	8,426
Compensation and benefits	3,818	3,831	3,494	3,090	2,971
Sales, distribution and marketing	2,011	1,863	1,613	1,846	2,106
Information systems and technology	644	620	505	500	486
Occupancy	286	325	229	219	218
Amortization of intangible assets	407	338	341	282	232
Impairment of intangible asset	227	389	0	0	—
General, administrative and other	775	703	565	565	537
Total operating expenses	8,167	8,070	6,747	6,501	6,551
Operating Income (Loss)	604	408	1,102	1,774	1,875
Other Nonoperating Income (Expense)	213	396	262	91	265
Interest expense	−95	−97	−124	−98	−85
Nonoperating Income (Expense)	183	416	236	−45	569
Income before taxes	787	823	1,338	1,729	2,444
Taxes on income	238	215	312	396	350
Net income	549	608	1,026	1,333	2,095
Redeemable noncontrolling interests	−53	128	136	−47	94
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest	77	15	7	88	169
Net Income Attributable to Franklin Resources, Inc.	525	465	883	1,292	1,831
Basic	0.91	0.85	1.72	2.53	3.58
Diluted	0.91	0.85	1.72	2.53	3.57

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Receivables	1,542	1,479	1,348	1,265	1,428
Investments	2,374	2,338	2,222	1,651	1,510
Investments, at fair value	1,180	838	873	614	588
Property and equipment, net	949	946	800	743	770
Goodwill	6,206	6,211	6,004	5,779	4,458
Intangible assets, net	4,166	4,802	4,902	5,082	4,710
Operating lease right-of-use assets	764	823	406	465	448
Other	515	420	399	395	376
Total Assets	32,368	32,465	30,121	28,061	24,168
Compensation and benefits	1,760	1,801	1,665	1,464	1,179
Accounts payable and accrued expenses	615	552	530	466	479
Income taxes	208	406	514	523	694
Debt	2,362	2,780	3,053	3,376	3,399
Deferred tax liabilities	262	285	450	348	312
Operating lease liabilities	1,001	965	468	528	518
Other	972	907	1,286	1,425	614
Total liabilities	18,180	17,900	16,547	14,236	11,425
Commitments and Contingencies (Note 15)	—	—	—	—	—
Redeemable Noncontrolling Interests	1,182	1,322	1,026	1,526	933
Preferred stock, $1.00 par value, 1,000,000 shares authorized; none issued	0	0	0	0	0
Common stock, $0.10 par value, 1,000,000,000 shares authorized; 520,951,796 and 523,596,548 shares issued and outstanding at September 30, 2025 and 2024	52	52	50	50	50
Additional Paid in Capital, Common Stock	957	948	0	—	—
Retained earnings	11,516	11,928	12,377	12,046	11,551
Accumulated other comprehensive loss	−447	−420	−509	−621	−378
Total Franklin Resources, Inc. stockholders equity	12,078	12,508	11,917	11,475	11,223
Nonredeemable noncontrolling interests	929	735	631	824	587
Total stockholders equity	13,007	13,243	12,548	12,299	11,811
Total Liabilities, Redeemable Noncontrolling Interests and Stockholders Equity	32,368	32,465	30,121	28,061	24,168

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Stock-based compensation	215	246	183	208	172
Amortization of deferred sales commissions	80	62	50	65	78
Depreciation and other amortization	125	117	104	96	79
Net losses (gains) on investments	38	−58	−40	75	−76
Income from investments in equity method investees	−78	−138	−45	−36	−154
Net (gains) losses on investments of consolidated investment products	−4	25	120	95	−316
Net purchase of investments by consolidated investment products	−369	−520	−829	−356	−781
Deferred income taxes	−47	−125	42	98	4
Other	174	172	73	25	16
Increase in receivables and other assets	−129	−112	−63	−87	−183
Decrease in investments, net	19	9	3	−4	13
Increase (decrease) in accrued compensation and benefits	−33	87	129	282	115
Decrease in income taxes payable	−182	−93	−1	−180	−13
Increase (decrease) in accounts payable, accrued expenses and other liabilities	90	4	−5	65	−97
Increase (decrease) in accounts payable and accrued expenses of consolidated investment products	−15	−40	2	−5	62
Net cash provided by operating activities	1,066	971	1,089	1,957	1,245
Purchase of investments	−1,037	−1,128	−758	−926	−770
Liquidation of investments	776	1,407	609	1,026	594
Purchase of investments by consolidated collateralized loan obligations	−6,539	−6,310	−4,364	−3,992	−3,655
Payments of deferred consideration liability	−91	−535	−242	0	0
Liquidation of investments by consolidated collateralized loan obligations	4,919	4,251	1,834	1,949	1,624
Additions of property and equipment, net	−155	−177	−149	−90	−79
Acquisitions, net of cash acquired (including $281.4 in cash and cash equivalents of consolidated investment products in fiscal year 2024)	0	175	−501	−1,355	−9
Payments of contingent consideration asset	0	0	10	20	20
Net deconsolidation of investment products	−216	−107	−50	−39	−384
Net cash used in investing activities	−2,343	−2,424	−3,610	−3,329	−2,616
Issuance of common stock	24	21	23	25	22
Dividends paid on common stock	−684	−656	−607	−583	−560
Repurchase of common stock	−240	−274	−256	−181	−208
Proceeds from repurchase agreement	145	5	175	0	0
Payments on repurchase agreement	−62	−81	0	0	—
Proceeds from debt	300	0	0	0	1,194
Payments on debt	−700	−250	−300	−300	−750
Proceeds from debt of consolidated investment products	6,030	4,347	3,540	4,884	2,938
Payments on debt by consolidated investment products	−4,801	−1,913	−1,105	−2,746	−1,316
Payments on contingent consideration liabilities	−7	−23	−8	−15	0
Noncontrolling interests	447	240	645	200	721
Net cash provided by financing activities	452	1,416	2,107	1,585	2,030
Effect of Exchange Rate on Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation	−11	43	34	−77	−2
Increase (decrease) in cash and cash equivalents	−835	7	−380	135	657
Cash paid for income taxes	465	436	233	468	498
Cash paid for interest	107	113	122	133	117
Cash paid for interest by consolidated investment products	753	694	379	148	103
Noncash or Part Noncash Acquisition, Investments Acquired	68	0	0	—	—

Filings

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Holdings (13F)

Portfolio as of 2026-01-14 · 8,630 positions

Reported AUM

$250.25B

Holdings

8.6K

Top sector

$250.25B

Top sectors

Sector	Value	% of portfolio
Uncategorized	$250.25B	100.0%

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