Franklin Resources (BEN): financials, SEC filings and peers
Franklin Resources (BEN) is an asset management & custody banks company in the Financials sector of the S&P 500, headquartered in San Mateo, California.
It was founded in 1947 and joined the S&P 500 on April 30, 1998.
Its fiscal year ends in September, and its shares trade on the NYSE.
In its SEC filings it is classified as “Investment Advice”.
Franklin Resources at a glance
- Revenue (12 months)
- $9.3B
- Revenue growth
- +7.9%
- Operating margin
- 9.7%
- Net income (12 months)
- $813M
- Free cash flow (12 months)
- —
- Cash
- $3.8B
- Debt
- $2.4B
- Diluted EPS (12 months)
- $1.47
Twelve months to June 30, 2026, from the 10-Q filed July 31, 2026.
Latest twelve months
Over the twelve months to June 30, 2026, Franklin Resources reported revenue of $9.3 billion, about the same as a year earlier (+7.9%).
Its operating margin was 9.7%, up 5.5 percentage points from a year earlier: for every $100 of sales, about $10 was left as operating profit.
Net income was $813 million (8.7% of revenue), 152.0% higher than a year earlier.
At the end of the period it held $3.8 billion in cash and $2.4 billion in debt, a net cash position of $1.4 billion.
Five-year trend
- Revenue went from $5.6 billion in fiscal 2020 to $8.8 billion in fiscal 2025, about 9.5% a year.
- Operating margin narrowed from 18.8% to 6.9% over the same years.
- Free cash flow was positive in each of the last 6 fiscal years.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $8.4B | $8.3B | $7.8B | $8.5B | $8.8B |
| Revenue growth | 51.4% | -1.8% | -5.1% | 8.0% | 3.5% |
| Operating margin | 22.3% | 21.4% | 14.0% | 4.8% | 6.9% |
| Net income | $1.8B | $1.3B | $883M | $465M | $525M |
| Free cash flow | $1.2B | $1.9B | $940M | $794M | $912M |
| Diluted EPS | $3.57 | $2.53 | $1.72 | $0.85 | $0.91 |
Fiscal years as reported in Franklin Resources’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
- 8-K filed August 10, 2026 — New debt obligation; Other event
- 10-Q filed July 31, 2026 — quarterly report
- 8-K filed July 31, 2026 — Earnings results; Bylaw or fiscal-year change
- 8-K filed July 30, 2026 — Material agreement; Agreement terminated
- 8-K filed July 23, 2026 — Executive or director change
- 8-K filed June 5, 2026 — Other event
Companies like Franklin Resources
Other S&P 500 companies in Asset Management & Custody Banks:
- AMPAmeriprise FinancialMinneapolis, Minnesota
- APOApollo Global ManagementNew York City, New York
- ARESAres ManagementLos Angeles, California
- BLKBlackRockNew York City, New York
- BNYBNY MellonNew York City, New York
- BXBlackstone Inc.New York City, New York
- IVZInvescoAtlanta, Georgia
- KKRKKR & Co.New York City, New York
More from Financials
Questions about Franklin Resources
Is Franklin Resources's revenue growing?
Yes. Revenue for the twelve months to June 30, 2026 was $9.3 billion, up 7.9% from a year earlier, according to its SEC filings.
Is Franklin Resources profitable?
Yes. It earned $813 million in net income over the twelve months to June 30, 2026, a net margin of 8.7%.
Does Franklin Resources have more cash or more debt?
At June 30, 2026 it had $3.8 billion in cash and $2.4 billion in debt, so more cash than debt.
When did Franklin Resources last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on July 31, 2026.
Which companies are similar to Franklin Resources?
In the S&P 500, Franklin Resources is grouped in Asset Management & Custody Banks within the Financials sector. Ameriprise Financial (AMP), Apollo Global Management (APO), Ares Management (ARES), BlackRock (BLK), BNY Mellon (BNY) are in the same group.
Understand the numbers
Source: Franklin Resources’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved September 27, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.