FRANKLIN RESOURCES INC Revenue Disclosure
| (in millions) | United States | Luxembourg | Asia-Pacific | Americas Excluding United States | Europe, Middle East and Africa, Excluding Luxembourg | Total | ||||||||||||||||||||||||||||||||
| for the fiscal year ended September 30, 2025 | ||||||||||||||||||||||||||||||||||||||
Investment management fees | $ | 5,292.3 | $ | 894.4 | $ | 302.3 | $ | 214.8 | $ | 278.0 | $ | 6,981.8 | ||||||||||||||||||||||||||
Sales and distribution fees | 1,042.2 | 370.0 | 22.7 | 38.9 | 0.9 | 1,474.7 | ||||||||||||||||||||||||||||||||
Shareholder servicing fees | 231.3 | 31.2 | 1.7 | 0.3 | — | 264.5 | ||||||||||||||||||||||||||||||||
Other | 48.4 | 0.1 | 1.1 | — | 0.1 | 49.7 | ||||||||||||||||||||||||||||||||
Total | $ | 6,614.2 | $ | 1,295.7 | $ | 327.8 | $ | 254.0 | $ | 279.0 | $ | 8,770.7 | ||||||||||||||||||||||||||
| (in millions) | United States | Luxembourg | Asia-Pacific | Americas Excluding United States | Europe, Middle East and Africa, Excluding Luxembourg | Total | ||||||||||||||||||||||||||||||||
| for the fiscal year ended September 30, 2024 | ||||||||||||||||||||||||||||||||||||||
Investment management fees | $ | 5,142.8 | $ | 862.3 | $ | 283.8 | $ | 228.1 | $ | 305.2 | $ | 6,822.2 | ||||||||||||||||||||||||||
Sales and distribution fees | 979.2 | 342.8 | 19.2 | 39.8 | — | 1,381.0 | ||||||||||||||||||||||||||||||||
Shareholder servicing fees | 195.3 | 31.7 | 2.2 | 0.1 | — | 229.3 | ||||||||||||||||||||||||||||||||
Other | 40.5 | 0.7 | 3.7 | — | 0.6 | 45.5 | ||||||||||||||||||||||||||||||||
Total | $ | 6,357.8 | $ | 1,237.5 | $ | 308.9 | $ | 268.0 | $ | 305.8 | $ | 8,478.0 | ||||||||||||||||||||||||||
| (in millions) | United States | Luxembourg | Asia-Pacific | Americas Excluding United States | Europe, Middle East and Africa, Excluding Luxembourg | Total | ||||||||||||||||||||||||||||||||
| for the fiscal year ended September 30, 2023 | ||||||||||||||||||||||||||||||||||||||
Investment management fees | $ | 4,877.1 | $ | 803.9 | $ | 285.6 | $ | 216.2 | $ | 270.1 | $ | 6,452.9 | ||||||||||||||||||||||||||
Sales and distribution fees | 847.3 | 296.0 | 19.8 | 40.6 | — | 1,203.7 | ||||||||||||||||||||||||||||||||
Shareholder servicing fees | 118.7 | 31.5 | 2.2 | 0.3 | — | 152.7 | ||||||||||||||||||||||||||||||||
Other | 37.7 | 0.8 | 1.2 | — | 0.4 | 40.1 | ||||||||||||||||||||||||||||||||
Total | $ | 5,880.8 | $ | 1,132.2 | $ | 308.8 | $ | 257.1 | $ | 270.5 | $ | 7,849.4 | ||||||||||||||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Nov 10, 2025 | Showing above |
| 2024 | Nov 12, 2024 | |
| 2023 | Nov 14, 2023 | |
| 2022 | Nov 14, 2022 | |
| 2021 | Nov 19, 2021 | |
| 2020 | Nov 23, 2020 | |
| 2019 | Nov 12, 2019 | |
About Revenue Disclosures
Revenue disclosures under ASC 606 explain how a company identifies performance obligations, allocates transaction prices, and determines when revenue is recognized. This section is essential for understanding whether reported revenue reflects genuine economic activity or aggressive accounting choices. Analysts examine the mix of point-in-time versus over-time recognition, which directly affects revenue timing and comparability.
Key signals: rising contract liabilities (deferred revenue) suggest strong future revenue visibility, while declining contract assets may indicate slowing project milestones. Watch for variable consideration estimates — rebates, returns, and performance bonuses that require management judgment. Significant changes in disaggregated revenue by geography or product line can reveal shifting business mix before it appears in headline numbers. Compare revenue growth against contract liability growth to assess sustainability, and scrutinize any changes in the timing of recognition that coincide with earnings pressure.