Symbols / BEN Stock $27.49 +0.92% Franklin Resources, Inc.

Financial Services • Asset Management • United States • NYQ
BEN (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: SMA 50: SMA 200:
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.

Stock Fundamentals
Scroll to Statements
Market Cap 14.33B Enterprise Value 17.44B Income 562.80M Sales 8.85B Book/sh 23.34 Cash/sh 5.13
Dividend Yield 4.80% Payout 119.44% Employees 9900 IPO P/E 25.45 Forward P/E 9.62
PEG 0.38 P/S 1.62 P/B 1.18 P/C EV/EBITDA 10.24 EV/Sales 1.97
Quick Ratio 1.32 Current Ratio 5.56 Debt/Eq 24.59 LT Debt/Eq EPS (ttm) 1.08 EPS next Y 2.86
EPS Growth 60.60% Revenue Growth 3.40% Earnings 2026-04-28 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 6.67%
Short Ratio 4.94 Short Interest 52W High 28.32 52W Low 18.17 Beta 1.47 Avg Volume 5.64M
Volume 3.13M Target Price $26.77 Recom Hold Prev Close $27.24 Price $27.49 Change 0.92%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$26.77
Mean price target
2. Current target
$27.49
Latest analyst target
3. DCF / Fair value
$11.35
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$27.49
Low
$21.00
High
$33.00
Mean
$26.77

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-17 main Barclays Underweight → Underweight $26
2026-04-10 main Evercore ISI Group Underperform → Underperform $27
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
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-02-04 NOTO ANTHONY J. Director 7,593 $27.00 $205,011
2026-02-03 NOTO ANTHONY J. Director 7,593 $27.00 $205,011
2026-02-03 THIEL JOHN W Director 7,593 $27.00 $205,011
2026-02-03 YANG GEOFFREY Y Director 7,593 $27.00 $205,011
2026-02-03 BYERWALTER MARIANN H Director 7,593 $27.00 $205,011
2026-01-05 JOHNSON JENNIFER M Chief Executive Officer 6,272 $0.00 $0
2025-12-26 JOHNSON CHARLES B Beneficial Owner of more than 10% of a Class of Security 25,440 $0.00 $0
2025-12-17 JOHNSON CHARLES B Beneficial Owner of more than 10% of a Class of Security 3,816 $0.00 $0
2025-11-20 JOHNSON CHARLES B Beneficial Owner of more than 10% of a Class of Security 50,000 $21.20 $1,060,000
2025-11-18 JOHNSON CHARLES B Beneficial Owner of more than 10% of a Class of Security 50,000 $21.49 $1,074,475
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-09-30 2024-09-30 2023-09-30 2022-09-30
Total Revenue
8,770.70
+3.45%
8,478.00
+8.01%
7,849.40
-5.15%
8,275.30
Operating Revenue
8,721.00
+3.42%
8,432.50
+7.98%
7,809.30
-5.05%
8,224.80
Cost Of Revenue
1,724.00
+2.22%
1,686.60
+12.48%
1,499.50
+5.12%
1,426.40
Reconciled Cost Of Revenue
1,598.70
+1.82%
1,570.10
+12.54%
1,395.20
+4.85%
1,330.60
Gross Profit
7,046.70
+3.76%
6,791.40
+6.95%
6,349.90
-7.29%
6,848.90
Operating Expense
5,946.90
+5.56%
5,633.50
+14.67%
4,913.00
+0.19%
4,903.60
Selling General And Administration
4,896.80
+4.74%
4,675.20
+14.96%
4,066.90
-1.32%
4,121.40
Selling And Marketing Expense
2,010.90
+7.93%
1,863.10
+15.50%
1,613.10
-12.60%
1,845.60
General And Administrative Expense
2,885.90
+2.62%
2,812.10
+14.60%
2,453.80
+7.82%
2,275.80
Salaries And Wages
1,825.10
+2.34%
1,783.40
+7.44%
1,659.90
+11.25%
1,492.00
Other Gand A
774.50
+10.12%
703.30
+24.48%
565.00
+0.02%
564.90
Other Operating Expenses
643.60
+3.79%
620.10
+22.79%
505.00
+0.96%
500.20
Total Expenses
7,670.90
+4.79%
7,320.10
+14.15%
6,412.50
+1.30%
6,330.00
Operating Income
1,099.80
-5.02%
1,157.90
-19.42%
1,436.90
-26.13%
1,945.30
Total Operating Income As Reported
604.10
+48.21%
407.60
-63.02%
1,102.30
-37.86%
1,773.90
EBITDA
1,413.50
+2.79%
1,375.10
-27.90%
1,907.10
-13.53%
2,205.40
Normalized EBITDA
1,760.00
-2.75%
1,809.70
-8.92%
1,987.00
-16.87%
2,390.20
Reconciled Depreciation
531.80
+16.96%
454.70
+2.09%
445.40
+17.89%
377.80
EBIT
881.70
-4.20%
920.40
-37.03%
1,461.70
-20.02%
1,827.60
Total Unusual Items
-346.50
+20.27%
-434.60
-443.93%
-79.90
+56.76%
-184.80
Total Unusual Items Excluding Goodwill
-346.50
+20.27%
-434.60
-443.93%
-79.90
+56.76%
-184.80
Special Income Charges
-495.70
+33.93%
-750.30
-124.24%
-334.60
-95.22%
-171.40
Impairment Of Capital Assets
226.60
-41.78%
389.20
0.00
0.00
Restructuring And Mergern Acquisition
269.10
-25.48%
361.10
+7.92%
334.60
+95.22%
171.40
Net Income
524.90
+12.93%
464.80
-47.35%
882.80
-31.67%
1,291.90
Pretax Income
786.80
-4.42%
823.20
-38.48%
1,338.00
-22.63%
1,729.40
Net Non Operating Interest Income Expense
-94.90
+2.37%
-97.20
+21.42%
-123.70
-25.97%
-98.20
Interest Expense Non Operating
94.90
-2.37%
97.20
-21.42%
123.70
+25.97%
98.20
Net Interest Income
-94.90
+2.37%
-97.20
+21.42%
-123.70
-25.97%
-98.20
Interest Expense
94.90
-2.37%
97.20
-21.42%
123.70
+25.97%
98.20
Interest Income Non Operating
Interest Income
Other Income Expense
-218.10
+8.17%
-237.50
-1057.66%
24.80
+121.07%
-117.70
Other Non Operating Income Expenses
50.40
-15.44%
59.60
+0.51%
59.30
+91.91%
30.90
Gain On Sale Of Security
149.20
-52.74%
315.70
+23.95%
254.70
+2000.75%
-13.40
Tax Provision
237.90
+10.50%
215.30
-31.06%
312.30
-21.18%
396.20
Tax Rate For Calcs
0.00
+15.27%
0.00
+12.45%
0.00
+1.75%
0.00
Tax Effect Of Unusual Items
-104.64
+8.10%
-113.87
-511.63%
-18.62
+56.01%
-42.32
Net Income Including Noncontrolling Interests
548.90
-9.71%
607.90
-40.73%
1,025.70
-23.06%
1,333.20
Net Income From Continuing Operation Net Minority Interest
524.90
+12.93%
464.80
-47.35%
882.80
-31.67%
1,291.90
Net Income From Continuing And Discontinued Operation
524.90
+12.93%
464.80
-47.35%
882.80
-31.67%
1,291.90
Net Income Continuous Operations
548.90
-9.71%
607.90
-40.73%
1,025.70
-23.06%
1,333.20
Minority Interests
-24.00
+83.23%
-143.10
-0.14%
-142.90
-246.00%
-41.30
Normalized Income
766.76
-2.39%
785.53
-16.79%
944.08
-34.18%
1,434.38
Net Income Common Stockholders
471.70
+9.14%
432.20
-48.86%
845.10
-31.73%
1,237.80
Otherunder Preferred Stock Dividend
53.20
+63.19%
32.60
-13.53%
37.70
-30.31%
54.10
Diluted EPS
0.91
+7.06%
0.85
-50.58%
1.72
-32.02%
2.53
Basic EPS
0.91
+7.06%
0.85
-50.58%
1.72
-32.02%
2.53
Basic Average Shares
516.70
+1.41%
509.50
+3.98%
490.00
+0.27%
488.70
Diluted Average Shares
517.40
+1.39%
510.30
+3.97%
490.80
+0.31%
489.30
Diluted NI Availto Com Stockholders
471.70
+9.14%
432.20
-48.86%
845.10
-31.73%
1,237.80
Amortization
406.50
+20.20%
338.20
-0.85%
341.10
+20.96%
282.00
Amortization Of Intangibles Income Statement
406.50
+20.20%
338.20
-0.85%
341.10
+20.96%
282.00
Depreciation Amortization Depletion Income Statement
406.50
+20.20%
338.20
-0.85%
341.10
+20.96%
282.00
Depreciation And Amortization In Income Statement
406.50
+20.20%
338.20
-0.85%
341.10
+20.96%
282.00
Earnings From Equity Interest
78.00
-43.27%
137.50
+202.86%
45.40
+25.41%
36.20
Rent And Landing Fees
286.30
-12.02%
325.40
+42.16%
228.90
+4.57%
218.90
Rent Expense Supplemental
286.30
-12.02%
325.40
+42.16%
228.90
+4.57%
218.90
Line Item Trend 2023-09-30
Total Assets
30,121.20
Current Assets
5,750.80
Cash Cash Equivalents And Short Term Investments
4,402.40
Cash And Cash Equivalents
4,402.40
Receivables
1,348.40
Accounts Receivable
1,348.40
Total Non Current Assets
24,370.40
Net PPE
1,206.40
Gross PPE
2,163.70
Accumulated Depreciation
-957.30
Properties
0.00
Land And Improvements
78.70
Buildings And Improvements
932.90
Machinery Furniture Equipment
379.10
Other Properties
773.00
Goodwill And Other Intangible Assets
10,906.00
Goodwill
6,003.80
Other Intangible Assets
4,902.20
Investments And Advances
11,859.20
Long Term Equity Investment
1,089.20
Other Investments
10,719.30
Other Non Current Assets
398.80
Total Liabilities Net Minority Interest
16,547.30
Current Liabilities
1,393.20
Payables And Accrued Expenses
1,393.20
Payables
1,393.20
Accounts Payable
879.70
Employee Benefits
1,665.10
Total Tax Payable
513.50
Income Tax Payable
513.50
Total Non Current Liabilities Net Minority Interest
15,154.10
Long Term Debt And Capital Lease Obligation
11,752.40
Long Term Debt
11,284.60
Long Term Capital Lease Obligation
467.80
Non Current Deferred Liabilities
450.40
Non Current Deferred Taxes Liabilities
450.40
Other Non Current Liabilities
1,286.20
Preferred Securities Outside Stock Equity
Stockholders Equity
11,916.90
Common Stock Equity
11,916.90
Capital Stock
49.60
Common Stock
49.60
Preferred Stock
0.00
Share Issued
495.94
Ordinary Shares Number
495.94
Treasury Shares Number
7.02
Additional Paid In Capital
0.00
Retained Earnings
12,376.60
Gains Losses Not Affecting Retained Earnings
-509.30
Minority Interest
1,657.00
Other Equity Adjustments
-509.30
Total Equity Gross Minority Interest
13,573.90
Total Capitalization
23,201.50
Working Capital
4,357.60
Invested Capital
23,201.50
Total Debt
11,752.40
Net Debt
6,882.20
Capital Lease Obligations
467.80
Net Tangible Assets
1,010.90
Tangible Book Value
1,010.90
Available For Sale Securities
50.70
Investmentin Financial Assets
50.70
Line Item Trend 2025-09-30 2024-09-30 2023-09-30 2022-09-30
Operating Cash Flow
1,066.10
+9.76%
971.30
-10.82%
1,089.20
-44.33%
1,956.70
Cash Flow From Continuing Operating Activities
1,066.10
+9.76%
971.30
-10.82%
1,089.20
-44.33%
1,956.70
Net Income From Continuing Operations
548.90
-9.71%
607.90
-40.73%
1,025.70
-23.06%
1,333.20
Depreciation Amortization Depletion
531.80
+16.96%
454.70
+2.09%
445.40
+17.89%
377.80
Depreciation
125.30
+7.55%
116.50
+11.70%
104.30
+8.87%
95.80
Amortization Cash Flow
406.50
+20.20%
338.20
-0.85%
341.10
+20.96%
282.00
Depreciation And Amortization
531.80
+16.96%
454.70
+2.09%
445.40
+17.89%
377.80
Amortization Of Intangibles
406.50
+20.20%
338.20
-0.85%
341.10
+20.96%
282.00
Other Non Cash Items
-115.20
+59.72%
-286.00
+59.50%
-706.20
-165.49%
-266.00
Stock Based Compensation
214.80
-12.72%
246.10
+34.78%
182.60
-12.30%
208.20
Asset Impairment Charge
226.60
-41.78%
389.20
0.00
0.00
Deferred Tax
-47.20
+62.12%
-124.60
-400.24%
41.50
-57.65%
98.00
Deferred Income Tax
-47.20
+62.12%
-124.60
-400.24%
41.50
-57.65%
98.00
Operating Gains Losses
-44.50
+73.85%
-170.20
-579.44%
35.50
-73.57%
134.30
Gain Loss On Investment Securities
33.50
+202.45%
-32.70
-140.42%
80.90
-52.55%
170.50
Change In Working Capital
-249.10
-70.85%
-145.80
-325.35%
64.70
-9.13%
71.20
Change In Receivables
-128.70
-15.12%
-111.80
-76.90%
-63.20
+27.10%
-86.70
Change In Payables And Accrued Expense
-139.40
-221.20%
-43.40
-134.69%
125.10
-22.59%
161.60
Change In Accrued Expense
-32.90
-138.03%
86.50
-32.89%
128.90
-54.24%
281.70
Change In Payable
-106.50
+18.01%
-129.90
-3318.42%
-3.80
+96.84%
-120.10
Change In Account Payable
75.00
+305.48%
-36.50
-1251.85%
-2.70
-104.50%
60.00
Change In Other Working Capital
128.90
-54.24%
281.70
Change In Other Current Assets
19.00
+102.13%
9.40
+235.71%
2.80
+175.68%
-3.70
Investing Cash Flow
-2,342.70
+3.34%
-2,423.70
+32.87%
-3,610.30
-8.44%
-3,329.20
Cash Flow From Continuing Investing Activities
-2,342.70
+3.34%
-2,423.70
+32.87%
-3,610.30
-8.44%
-3,329.20
Net PPE Purchase And Sale
-154.50
+12.76%
-177.10
-19.02%
-148.80
-64.78%
-90.30
Purchase Of PPE
-154.50
+12.76%
-177.10
-19.02%
-148.80
-64.78%
-90.30
Capital Expenditure
-154.50
+12.76%
-177.10
-19.02%
-148.80
-64.78%
-90.30
Net Investment Purchase And Sale
-2,097.70
-11.18%
-1,886.80
+30.86%
-2,729.00
-43.32%
-1,904.10
Purchase Of Investment
-7,792.50
-3.29%
-7,544.30
-45.88%
-5,171.70
-5.16%
-4,918.10
Sale Of Investment
5,694.80
+0.66%
5,657.50
+131.61%
2,442.70
-18.95%
3,014.00
Net Business Purchase And Sale
0.00
-100.00%
175.10
+134.99%
-500.50
+63.05%
-1,354.70
Purchase Of Business
0.00
-500.50
+63.05%
-1,354.70
Net Other Investing Changes
-90.50
+83.08%
-534.90
-130.56%
-232.00
-1265.83%
19.90
Financing Cash Flow
452.40
-68.04%
1,415.60
-32.80%
2,106.70
+32.91%
1,585.00
Cash Flow From Continuing Financing Activities
452.40
-68.04%
1,415.60
-32.80%
2,106.70
+32.91%
1,585.00
Net Issuance Payments Of Debt
829.10
-62.03%
2,183.80
+2.29%
2,134.90
-0.17%
2,138.60
Issuance Of Debt
6,329.70
+45.62%
4,346.70
+22.79%
3,539.90
-31.72%
5,184.40
Repayment Of Debt
-5,500.60
-154.32%
-2,162.90
-53.94%
-1,405.00
+53.87%
-3,045.80
Long Term Debt Issuance
6,329.70
+45.62%
4,346.70
+22.79%
3,539.90
-31.72%
5,184.40
Long Term Debt Payments
-5,500.60
-154.32%
-2,162.90
-53.94%
-1,405.00
+53.87%
-3,045.80
Net Long Term Debt Issuance
829.10
-62.03%
2,183.80
+2.29%
2,134.90
-0.17%
2,138.60
Net Common Stock Issuance
-216.20
+14.75%
-253.60
-8.84%
-233.00
-49.65%
-155.70
Common Stock Payments
-240.30
+12.43%
-274.40
-7.06%
-256.30
-41.76%
-180.80
Common Stock Dividend Paid
-683.70
-4.16%
-656.40
-8.08%
-607.30
-4.15%
-583.10
Cash Dividends Paid
-683.70
-4.16%
-656.40
-8.08%
-607.30
-4.15%
-583.10
Repurchase Of Capital Stock
-240.30
+12.43%
-274.40
-7.06%
-256.30
-41.76%
-180.80
Net Other Financing Charges
523.20
+268.97%
141.80
-82.54%
812.10
+338.50%
185.20
Changes In Cash
-824.20
-2139.67%
-36.80
+91.12%
-414.40
-295.01%
212.50
Effect Of Exchange Rate Changes
-10.80
-124.94%
43.30
+26.24%
34.30
+144.43%
-77.20
Beginning Cash Position
4,408.90
+0.15%
4,402.40
-7.95%
4,782.50
+2.91%
4,647.20
End Cash Position
3,573.90
-18.94%
4,408.90
+0.15%
4,402.40
-7.95%
4,782.50
Free Cash Flow
911.60
+14.78%
794.20
-15.55%
940.40
-49.61%
1,866.40
Interest Paid Supplemental Data
859.80
+6.46%
807.60
+61.17%
501.10
+78.01%
281.50
Income Tax Paid Supplemental Data
465.40
+6.82%
435.70
+86.84%
233.20
-50.12%
467.50
Change In Income Tax Payable
-181.50
-94.33%
-93.40
-8390.91%
-1.10
+99.39%
-180.10
Change In Tax Payable
-181.50
-94.33%
-93.40
-8390.91%
-1.10
+99.39%
-180.10
Common Stock Issuance
24.10
+15.87%
20.80
-10.73%
23.30
-7.17%
25.10
Earnings Losses From Equity Investments
-78.00
+43.27%
-137.50
-202.86%
-45.40
-25.41%
-36.20
Issuance Of Capital Stock
24.10
+15.87%
20.80
-10.73%
23.30
-7.17%
25.10
Sale Of Business
175.10
SEC Filings

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

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