BEN Chart
About

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.

Fundamentals
Scroll to Statements
Sector Financial Services Industry Asset Management Market Cap 12.91B
Enterprise Value 16.26B Income 562.80M Sales 8.85B
Book/sh 23.34 Cash/sh 5.13 Dividend Yield 5.23%
Payout 119.44% Employees 9900 IPO
P/E 22.93 Forward P/E 8.47 PEG
P/S 1.46 P/B 1.06 P/C
EV/EBITDA 9.55 EV/Sales 1.84 Quick Ratio 1.32
Current Ratio 5.56 Debt/Eq 24.59 LT Debt/Eq
EPS (ttm) 1.08 EPS next Y 2.92 EPS Growth 60.60%
Revenue Growth 3.40% Earnings 2026-05-08 ROA 2.37%
ROE 4.46% ROIC Gross Margin 37.04%
Oper. Margin 16.52% Profit Margin 6.97% Shs Outstand 520.76M
Shs Float 303.41M Short Float 5.58% Short Ratio 3.41
Short Interest 52W High 28.32 52W Low 16.25
Beta 1.46 Avg Volume 5.21M Volume 2.34M
Target Price $27.36 Recom Hold Prev Close $25.22
Price $24.76 Change -1.82%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$27.36
Mean price target
2. Current target
$24.76
Latest analyst target
3. DCF / Fair value
$11.35
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$24.76
Low
$22.00
High
$36.00
Mean
$27.36

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-03 main Morgan Stanley Underweight → Underweight $22
2026-02-02 main Evercore ISI Group Underperform → Underperform $28
2026-01-15 main Barclays Underweight → Underweight $25
2026-01-14 main TD Cowen Buy → Buy $30
2025-12-12 main Barclays Underweight → Underweight $22
2025-11-10 main JP Morgan Neutral → Neutral $25
2025-10-21 main Barclays Underweight → Underweight $20
2025-10-09 main Evercore ISI Group Underperform → Underperform $23
2025-10-03 init BMO Capital — → Outperform $26
2025-10-02 main B of A Securities Underperform → Underperform $22
2025-08-12 main Morgan Stanley Underweight → Underweight $21
2025-08-04 main JP Morgan Neutral → Neutral $29
2025-08-04 main Evercore ISI Group Underperform → Underperform $25
2025-08-04 main Barclays Underweight → Underweight $23
2025-07-16 main Barclays Underweight → Underweight $20
2025-07-11 main Wells Fargo Equal-Weight → Equal-Weight $26
2025-07-10 main JP Morgan Neutral → Neutral $22
2025-07-02 main Morgan Stanley Underweight → Underweight $19
2025-06-27 up Goldman Sachs Neutral → Buy $29
2025-05-05 main Goldman Sachs Neutral → Neutral $22
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 7593 205011 Stock Award(Grant) at price 27.00 per share. NOTO ANTHONY J. Director 2026-02-04 00:00:00 D
1 7593 205011 Stock Award(Grant) at price 27.00 per share. THIEL JOHN W Director 2026-02-03 00:00:00 D
2 7593 205011 Stock Award(Grant) at price 27.00 per share. NOTO ANTHONY J. Director 2026-02-03 00:00:00 D
3 7593 205011 Stock Award(Grant) at price 27.00 per share. YANG GEOFFREY Y Director 2026-02-03 00:00:00 D
4 7593 205011 Stock Award(Grant) at price 27.00 per share. BYERWALTER MARIANN H Director 2026-02-03 00:00:00 I
5 6272 Stock Gift at price 0.00 per share. JOHNSON JENNIFER M Chief Executive Officer 2026-01-05 00:00:00 D
6 25440 Stock Gift at price 0.00 per share. JOHNSON CHARLES B Beneficial Owner of more than 10% of a Class of Security 2025-12-26 00:00:00 D
7 3816 Stock Gift at price 0.00 per share. JOHNSON CHARLES B Beneficial Owner of more than 10% of a Class of Security 2025-12-17 00:00:00 D
8 50000 1060000 Purchase at price 21.20 per share. JOHNSON CHARLES B Beneficial Owner of more than 10% of a Class of Security 2025-11-20 00:00:00 D
9 50000 1074475 Purchase at price 21.49 per share. JOHNSON CHARLES B Beneficial Owner of more than 10% of a Class of Security 2025-11-18 00:00:00 D
Financials
Line Item2025-09-302024-09-302023-09-302022-09-30
TaxEffectOfUnusualItems-104.64M-113.87M-18.62M-42.32M
TaxRateForCalcs0.300.260.230.23
NormalizedEBITDA1.76B1.81B1.99B2.39B
TotalUnusualItems-346.50M-434.60M-79.90M-184.80M
TotalUnusualItemsExcludingGoodwill-346.50M-434.60M-79.90M-184.80M
NetIncomeFromContinuingOperationNetMinorityInterest524.90M464.80M882.80M1.29B
ReconciledDepreciation531.80M454.70M445.40M377.80M
ReconciledCostOfRevenue1.60B1.57B1.40B1.33B
EBITDA1.41B1.38B1.91B2.21B
EBIT881.70M920.40M1.46B1.83B
NetInterestIncome-94.90M-97.20M-123.70M-98.20M
InterestExpense94.90M97.20M123.70M98.20M
InterestIncome8.80M
NormalizedIncome766.76M785.53M944.08M1.43B
NetIncomeFromContinuingAndDiscontinuedOperation524.90M464.80M882.80M1.29B
TotalExpenses7.67B7.32B6.41B6.33B
RentExpenseSupplemental286.30M325.40M228.90M218.90M
TotalOperatingIncomeAsReported604.10M407.60M1.10B1.77B
DilutedAverageShares517.40M510.30M490.80M489.30M
BasicAverageShares516.70M509.50M490.00M488.70M
DilutedEPS0.910.851.722.53
BasicEPS0.910.851.722.53
DilutedNIAvailtoComStockholders471.70M432.20M845.10M1.24B
NetIncomeCommonStockholders471.70M432.20M845.10M1.24B
OtherunderPreferredStockDividend53.20M32.60M37.70M54.10M
NetIncome524.90M464.80M882.80M1.29B
MinorityInterests-24.00M-143.10M-142.90M-41.30M
NetIncomeIncludingNoncontrollingInterests548.90M607.90M1.03B1.33B
NetIncomeContinuousOperations548.90M607.90M1.03B1.33B
TaxProvision237.90M215.30M312.30M396.20M
PretaxIncome786.80M823.20M1.34B1.73B
OtherIncomeExpense-218.10M-237.50M24.80M-117.70M
OtherNonOperatingIncomeExpenses50.40M59.60M59.30M30.90M
SpecialIncomeCharges-495.70M-750.30M-334.60M-171.40M
ImpairmentOfCapitalAssets226.60M389.20M0.000.00
RestructuringAndMergernAcquisition269.10M361.10M334.60M171.40M
EarningsFromEquityInterest78.00M137.50M45.40M36.20M
GainOnSaleOfSecurity149.20M315.70M254.70M-13.40M
NetNonOperatingInterestIncomeExpense-94.90M-97.20M-123.70M-98.20M
InterestExpenseNonOperating94.90M97.20M123.70M98.20M
InterestIncomeNonOperating8.80M
OperatingIncome1.10B1.16B1.44B1.95B
OperatingExpense5.95B5.63B4.91B4.90B
OtherOperatingExpenses643.60M620.10M505.00M500.20M
DepreciationAmortizationDepletionIncomeStatement406.50M338.20M341.10M282.00M
DepreciationAndAmortizationInIncomeStatement406.50M338.20M341.10M282.00M
Amortization406.50M338.20M341.10M282.00M
AmortizationOfIntangiblesIncomeStatement406.50M338.20M341.10M282.00M
SellingGeneralAndAdministration4.90B4.68B4.07B4.12B
SellingAndMarketingExpense2.01B1.86B1.61B1.85B
GeneralAndAdministrativeExpense2.89B2.81B2.45B2.28B
OtherGandA774.50M703.30M565.00M564.90M
RentAndLandingFees286.30M325.40M228.90M218.90M
SalariesAndWages1.83B1.78B1.66B1.49B
GrossProfit7.05B6.79B6.35B6.85B
CostOfRevenue1.72B1.69B1.50B1.43B
TotalRevenue8.77B8.48B7.85B8.28B
OperatingRevenue8.72B8.43B7.81B8.22B
Line Item2023-09-30
TreasurySharesNumber7.02M
OrdinarySharesNumber520.95M523.60M495.94M499.58M
ShareIssued520.95M523.60M495.94M499.58M
NetDebt8.73B7.71B6.88B4.05B
TotalDebt13.30B13.09B11.75B9.36B
TangibleBookValue1.71B1.49B1.01B613.90M
InvestedCapital24.38B24.63B23.20B20.31B
WorkingCapital3.23B4.07B4.36B4.41B
NetTangibleAssets1.71B1.49B1.01B613.90M
CapitalLeaseObligations1.00B965.10M467.80M528.40M
CommonStockEquity12.08B12.51B11.92B11.47B
TotalCapitalization24.38B24.63B23.20B20.31B
TotalEquityGrossMinorityInterest14.19B14.56B13.57B13.82B
MinorityInterest2.11B2.06B1.66B2.35B
StockholdersEquity12.08B12.51B11.92B11.47B
GainsLossesNotAffectingRetainedEarnings-447.10M-419.50M-509.30M-621.00M
OtherEquityAdjustments-447.10M-419.50M-509.30M-621.00M
RetainedEarnings11.52B11.93B12.38B12.05B
AdditionalPaidInCapital956.80M947.60M0.00
CapitalStock52.10M52.40M49.60M50.00M
CommonStock52.10M52.40M49.60M50.00M
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest18.18B17.90B16.55B14.24B
TotalNonCurrentLiabilitiesNetMinorityInterest16.29B16.08B15.15B12.60B
OtherNonCurrentLiabilities971.80M907.40M1.29B1.43B
PreferredSecuritiesOutsideStockEquity933.00M
EmployeeBenefits1.76B1.80B1.67B1.46B
NonCurrentDeferredLiabilities261.60M284.90M450.40M347.80M
NonCurrentDeferredTaxesLiabilities261.60M284.90M450.40M347.80M
LongTermDebtAndCapitalLeaseObligation13.30B13.09B11.75B9.36B
LongTermCapitalLeaseObligation1.00B965.10M467.80M528.40M
LongTermDebt12.30B12.12B11.28B8.83B
CurrentLiabilities1.89B1.82B1.39B1.64B
PayablesAndAccruedExpenses1.89B1.82B1.39B1.64B
Payables1.89B1.82B1.39B1.64B
TotalTaxPayable207.50M406.40M513.50M523.10M
IncomeTaxPayable207.50M406.40M513.50M523.10M
AccountsPayable1.68B1.41B879.70M1.11B
TotalAssets32.37B32.46B30.12B28.06B
TotalNonCurrentAssets27.25B26.58B24.37B22.01B
OtherNonCurrentAssets514.50M420.00M398.80M395.40M
InvestmentsAndAdvances14.65B13.37B11.86B9.55B
OtherInvestments13.68B12.10B10.72B8.72B
InvestmentinFinancialAssets81.80M57.30M50.70M57.20M
AvailableForSaleSecurities81.80M57.30M50.70M57.20M
LongTermEquityInvestment893.90M1.22B1.09B771.50M
GoodwillAndOtherIntangibleAssets10.37B11.01B10.91B10.86B
OtherIntangibleAssets4.17B4.80B4.90B5.08B
Goodwill6.21B6.21B6.00B5.78B
NetPPE1.71B1.77B1.21B1.21B
AccumulatedDepreciation-944.80M-961.70M-957.30M-957.70M
GrossPPE2.66B2.73B2.16B2.17B
OtherProperties1.06B1.16B773.00M778.50M
MachineryFurnitureEquipment419.90M426.60M379.10M414.00M
BuildingsAndImprovements1.10B1.06B932.90M894.30M
LandAndImprovements80.00M79.30M78.70M78.70M
Properties0.000.000.000.00
CurrentAssets5.12B5.89B5.75B6.05B
Receivables1.54B1.48B1.35B1.26B
AccountsReceivable1.54B1.48B1.35B1.26B
CashCashEquivalentsAndShortTermInvestments3.57B4.41B4.40B4.78B
CashAndCashEquivalents3.57B4.41B4.40B4.78B
Line Item2025-09-302024-09-302023-09-302022-09-30
FreeCashFlow911.60M794.20M940.40M1.87B
RepurchaseOfCapitalStock-240.30M-274.40M-256.30M-180.80M
RepaymentOfDebt-5.50B-2.16B-1.41B-3.05B
IssuanceOfDebt6.33B4.35B3.54B5.18B
IssuanceOfCapitalStock24.10M20.80M23.30M25.10M
CapitalExpenditure-154.50M-177.10M-148.80M-90.30M
InterestPaidSupplementalData859.80M807.60M501.10M281.50M
IncomeTaxPaidSupplementalData465.40M435.70M233.20M467.50M
EndCashPosition3.57B4.41B4.40B4.78B
BeginningCashPosition4.41B4.40B4.78B4.65B
EffectOfExchangeRateChanges-10.80M43.30M34.30M-77.20M
ChangesInCash-824.20M-36.80M-414.40M212.50M
FinancingCashFlow452.40M1.42B2.11B1.58B
CashFlowFromContinuingFinancingActivities452.40M1.42B2.11B1.58B
NetOtherFinancingCharges523.20M141.80M812.10M185.20M
CashDividendsPaid-683.70M-656.40M-607.30M-583.10M
CommonStockDividendPaid-683.70M-656.40M-607.30M-583.10M
NetCommonStockIssuance-216.20M-253.60M-233.00M-155.70M
CommonStockPayments-240.30M-274.40M-256.30M-180.80M
CommonStockIssuance24.10M20.80M23.30M25.10M
NetIssuancePaymentsOfDebt829.10M2.18B2.13B2.14B
NetLongTermDebtIssuance829.10M2.18B2.13B2.14B
LongTermDebtPayments-5.50B-2.16B-1.41B-3.05B
LongTermDebtIssuance6.33B4.35B3.54B5.18B
InvestingCashFlow-2.34B-2.42B-3.61B-3.33B
CashFlowFromContinuingInvestingActivities-2.34B-2.42B-3.61B-3.33B
NetOtherInvestingChanges-90.50M-534.90M-232.00M19.90M
NetInvestmentPurchaseAndSale-2.10B-1.89B-2.73B-1.90B
SaleOfInvestment5.69B5.66B2.44B3.01B
PurchaseOfInvestment-7.79B-7.54B-5.17B-4.92B
NetBusinessPurchaseAndSale0.00175.10M-500.50M-1.35B
SaleOfBusiness175.10M
PurchaseOfBusiness0.00-500.50M-1.35B-9.00M
NetPPEPurchaseAndSale-154.50M-177.10M-148.80M-90.30M
PurchaseOfPPE-154.50M-177.10M-148.80M-90.30M
OperatingCashFlow1.07B971.30M1.09B1.96B
CashFlowFromContinuingOperatingActivities1.07B971.30M1.09B1.96B
ChangeInWorkingCapital-249.10M-145.80M64.70M71.20M
ChangeInOtherWorkingCapital128.90M281.70M114.80M
ChangeInOtherCurrentAssets19.00M9.40M2.80M-3.70M
ChangeInPayablesAndAccruedExpense-139.40M-43.40M125.10M161.60M
ChangeInAccruedExpense-32.90M86.50M128.90M281.70M
ChangeInPayable-106.50M-129.90M-3.80M-120.10M
ChangeInAccountPayable75.00M-36.50M-2.70M60.00M
ChangeInTaxPayable-181.50M-93.40M-1.10M-180.10M
ChangeInIncomeTaxPayable-181.50M-93.40M-1.10M-180.10M
ChangeInReceivables-128.70M-111.80M-63.20M-86.70M
OtherNonCashItems-115.20M-286.00M-706.20M-266.00M
StockBasedCompensation214.80M246.10M182.60M208.20M
AssetImpairmentCharge226.60M389.20M0.000.00
DeferredTax-47.20M-124.60M41.50M98.00M
DeferredIncomeTax-47.20M-124.60M41.50M98.00M
DepreciationAmortizationDepletion531.80M454.70M445.40M377.80M
DepreciationAndAmortization531.80M454.70M445.40M377.80M
AmortizationCashFlow406.50M338.20M341.10M282.00M
AmortizationOfIntangibles406.50M338.20M341.10M282.00M
Depreciation125.30M116.50M104.30M95.80M
OperatingGainsLosses-44.50M-170.20M35.50M134.30M
EarningsLossesFromEquityInvestments-78.00M-137.50M-45.40M-36.20M
GainLossOnInvestmentSecurities33.50M-32.70M80.90M170.50M
NetIncomeFromContinuingOperations548.90M607.90M1.03B1.33B
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for BEN
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status