financial statements

The full income statement, balance sheet, and cash-flow statement for Franklin Resources Inc. (BEN), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofSep 30 ’25	as ofSep 30 ’24	as ofSep 30 ’23	as ofSep 30 ’22	as ofSep 30 ’21
Revenue	8.77B YoY+3.5%	8.48B YoY+8.0%	7.85B YoY-5.1%	8.28B YoY-1.8%	8.43B YoY+51.4%
	8.17B YoY+1.2%	8.07B YoY+19.6%	6.75B YoY+3.8%	6.50B YoY-0.7%	6.55B YoY+45.0%
Selling, general & administrative	775M YoY+10.1%	703M YoY+24.5%	565M YoY+0.0%	565M YoY+5.2%	537M YoY+19.3%
General & administrative	775M YoY+10.1%	703M YoY+24.5%	565M YoY+0.0%	565M YoY+5.2%	537M YoY+19.3%
Selling & marketing	2.01B YoY+7.9%	1.86B YoY+15.5%	1.61B YoY-12.6%	1.85B YoY-12.4%	2.11B YoY+23.6%
Amortization of intangibles	407M YoY+20.2%	338M YoY-0.9%	341M YoY+21.0%	282M YoY+21.6%	232M YoY+329.6%
Operating income	604M YoY+48.2%	408M YoY-63.0%	1.10B YoY-37.9%	1.77B YoY-5.4%	1.88B YoY+78.8%
Interest expense	94.9M YoY-2.4%	97.2M YoY-21.4%	124M YoY+26.0%	98.2M YoY+15.0%	85.4M YoY+155.7%
Interest & investment income	—	—	—	—	8.80M YoY-38.5%
Other non-operating income	213M YoY-46.2%	396M YoY+50.8%	262M YoY+187.9%	91.1M YoY-65.6%	265M YoY+789.3%
Equity-method income	78.0M YoY-43.3%	138M YoY+202.9%	45.4M YoY+25.4%	36.2M YoY-76.5%	154M YoY+257.3%
Pre-tax income	787M YoY-4.4%	823M YoY-38.5%	1.34B YoY-22.6%	1.73B YoY-29.2%	2.44B YoY+140.1%
Income tax	238M YoY+10.5%	215M YoY-31.1%	312M YoY-21.2%	396M YoY+13.3%	350M YoY+51.5%
	525M YoY+12.9%	465M YoY-47.3%	883M YoY-31.7%	1.29B YoY-29.5%	1.83B YoY+129.2%
Net income to common	472M YoY+9.1%	432M YoY-48.9%	845M YoY-31.7%	1.24B YoY-29.4%	1.75B YoY+123.8%
	$0.91 YoY+7.1%	$0.85 YoY-50.6%	$1.72 YoY-32.0%	$2.53 YoY-29.1%	$3.57 YoY+124.5%
EPS (basic)	$0.91 YoY+7.1%	$0.85 YoY-50.6%	$1.72 YoY-32.0%	$2.53 YoY-29.3%	$3.58 YoY+125.2%
Weighted-avg shares (basic)	517M YoY+1.4%	510M YoY+4.0%	490M YoY+0.3%	489M YoY-0.2%	490M YoY-0.4%
Weighted-avg shares (diluted)	517M YoY+1.4%	510M YoY+4.0%	491M YoY+0.3%	489M YoY-0.3%	491M YoY-0.4%
Dividends per share	$1.28 YoY+3.2%	$1.24 YoY+3.3%	$1.20 YoY+3.4%	$1.16 YoY+3.6%	$1.12 YoY+3.7%
Balance Sheet	as ofSep 30 ’25	as ofSep 30 ’24	as ofSep 30 ’23	as ofSep 30 ’22	as ofSep 30 ’21
	7.34B YoY+0.0%	7.34B YoY+0.0%	7.34B YoY+0.0%	7.34B YoY+0.0%	7.34B YoY+0.0%
Cash & equivalents	3.57B YoY-18.9%	4.41B YoY+0.1%	4.40B YoY-7.9%	4.78B YoY+2.9%	4.65B YoY+16.5%
Short-term investments	603M YoY+0.0%	603M YoY+0.0%	603M YoY+0.0%	603M YoY+0.0%	603M YoY+0.0%
Accounts receivable	794M YoY+0.0%	794M YoY+0.0%	794M YoY+0.0%	794M YoY+0.0%	794M YoY+0.0%
Prepaid expenses	41.0M YoY+0.0%	41.0M YoY+0.0%	41.0M YoY+0.0%	41.0M YoY+0.0%	41.0M YoY+0.0%
	32.4B YoY-0.3%	32.5B YoY+7.8%	30.1B YoY+7.3%	28.1B YoY+16.1%	24.2B YoY+11.5%
Property, plant & equipment	949M YoY+0.3%	946M YoY+18.3%	800M YoY+7.6%	743M YoY-3.5%	770M YoY-5.4%
Operating lease right-of-use	764M YoY-7.2%	823M YoY+102.6%	406M YoY-12.5%	465M YoY+3.6%	448M YoY-16.2%
Goodwill	6.21B YoY-0.1%	6.21B YoY+3.5%	6.00B YoY+3.9%	5.78B YoY+29.6%	4.46B YoY-1.0%
Intangible assets	4.17B YoY-13.2%	4.80B YoY-2.0%	4.90B YoY-3.5%	5.08B YoY+7.9%	4.71B YoY-4.2%
Long-term investments	2.13B YoY+0.0%	2.13B YoY+0.0%	2.13B YoY+0.0%	2.13B YoY+0.0%	2.13B YoY+0.0%
Deferred tax assets	0.00	0.00	0.00	0.00	0.00
Other non-current assets	107M YoY+0.0%	107M YoY+0.0%	107M YoY+0.0%	107M YoY+0.0%	107M YoY+0.0%
Total non-current assets	4.95B YoY+0.0%	4.95B YoY+0.0%	4.95B YoY+0.0%	4.95B YoY+0.0%	4.95B YoY+0.0%
	1.39B YoY+0.0%	1.39B YoY+0.0%	1.39B YoY+0.0%	1.39B YoY+0.0%	1.39B YoY+0.0%
Accrued liabilities	278M YoY+0.0%	278M YoY+0.0%	278M YoY+0.0%	278M YoY+0.0%	278M YoY+0.0%
Short-term & current debt	321M YoY+0.0%	321M YoY+0.0%	321M YoY+0.0%	321M YoY+0.0%	321M YoY+0.0%
Other current liabilities	36.8M YoY+0.0%	36.8M YoY+0.0%	36.8M YoY+0.0%	36.8M YoY+0.0%	36.8M YoY+0.0%
	18.2B YoY+1.6%	17.9B YoY+8.2%	16.5B YoY+16.2%	14.2B YoY+24.6%	11.4B YoY+11.2%
Long-term debt	2.36B YoY-15.0%	2.78B YoY-8.9%	3.05B YoY-9.6%	3.38B YoY-0.7%	3.40B YoY+12.7%
Deferred tax liabilities	262M YoY-8.2%	285M YoY-36.7%	450M YoY+29.5%	348M YoY+11.6%	312M YoY+2.1%
Other non-current liabilities	96.6M YoY+0.0%	96.6M YoY+0.0%	96.6M YoY+0.0%	96.6M YoY+0.0%	96.6M YoY+0.0%
Total non-current liabilities	1.85B YoY+0.0%	1.85B YoY+0.0%	1.85B YoY+0.0%	1.85B YoY+0.0%	1.85B YoY+0.0%
	12.1B YoY-3.4%	12.5B YoY+5.0%	11.9B YoY+3.9%	11.5B YoY+2.2%	11.2B YoY+11.0%
Preferred stock	0.00	0.00	0.00	0.00	0.00
Common stock	52.1M YoY-0.6%	52.4M YoY+5.6%	49.6M YoY-0.8%	50.0M YoY-0.4%	50.2M YoY+1.4%
Additional paid-in capital	957M YoY+1.0%	948M	0.00	0.00	0.00
Retained earnings	11.5B YoY-3.5%	11.9B YoY-3.6%	12.4B YoY+2.7%	12.0B YoY+4.3%	11.6B YoY+10.3%
Accumulated other comprehensive income	-447M YoY-6.6%	-420M YoY+17.6%	-509M YoY+18.0%	-621M YoY-64.5%	-378M YoY+7.4%
Non-controlling interest	929M YoY+26.4%	735M YoY+16.5%	631M YoY-23.5%	824M YoY+40.4%	587M YoY-22.2%
Total equity incl. non-controlling	13.0B YoY-1.8%	13.2B YoY+5.5%	12.5B YoY+2.0%	12.3B YoY+4.1%	11.8B YoY+8.7%
Total liabilities & equity	32.4B YoY-0.3%	32.5B YoY+7.8%	30.1B YoY+7.3%	28.1B YoY+16.1%	24.2B YoY+11.5%
Common shares issued	521M YoY-0.5%	524M YoY+5.6%	496M YoY-0.7%	500M YoY-0.4%	502M YoY+1.4%
Common shares outstanding	521M YoY-0.5%	524M YoY+5.6%	496M YoY-0.7%	500M YoY-0.4%	502M YoY+1.4%
Shares outstanding (cover)	519M YoY-0.7%	523M YoY+4.8%	499M YoY+0.1%	498M YoY-0.9%	503M YoY+1.5%
Cash Flow	as ofSep 30 ’25	as ofSep 30 ’24	as ofSep 30 ’23	as ofSep 30 ’22	as ofSep 30 ’21
	1.07B YoY+9.8%	971M YoY-10.8%	1.09B YoY-44.3%	1.96B YoY+57.1%	1.25B YoY+15.0%
Depreciation & amortization	125M YoY+7.6%	117M YoY+11.7%	104M YoY+8.9%	95.8M YoY+21.9%	78.6M YoY+5.5%
Share-based compensation	215M YoY-12.7%	246M YoY+34.8%	183M YoY-12.3%	208M YoY+21.1%	172M YoY+40.6%
Deferred income taxes	-47.2M YoY+62.1%	-125M YoY-400.2%	41.5M YoY-57.7%	98.0M YoY+2548.6%	3.70M YoY+152.1%
	-2.34B YoY+3.3%	-2.42B YoY+32.9%	-3.61B YoY-8.4%	-3.33B YoY-27.3%	-2.62B YoY+35.6%
Capital expenditure	155M YoY-12.8%	177M YoY+19.0%	149M YoY+64.8%	90.3M YoY+13.9%	79.3M YoY-23.5%
Acquisitions	0.00 YoY+100.0%	-175M YoY-135.0%	501M YoY-63.1%	1.35B YoY+14952.2%	9.00M YoY-99.8%
Purchases of investments	1.04B YoY-8.0%	1.13B YoY+48.8%	758M YoY-18.2%	926M YoY+20.2%	770M YoY+60.0%
Sales/maturities of investments	776M YoY-44.8%	1.41B YoY+131.2%	609M YoY-40.7%	1.03B YoY+72.8%	594M YoY-32.5%
	452M YoY-68.0%	1.42B YoY-32.8%	2.11B YoY+32.9%	1.58B YoY-21.9%	2.03B YoY+176.4%
Common stock issued	24.1M YoY+15.9%	20.8M YoY-10.7%	23.3M YoY-7.2%	25.1M YoY+12.6%	22.3M YoY+8.3%
Common stock repurchased	240M YoY-12.4%	274M YoY+7.1%	256M YoY+41.8%	181M YoY-13.2%	208M YoY-4.6%
Dividends paid	684M YoY+4.2%	656M YoY+8.1%	607M YoY+4.2%	583M YoY+4.2%	560M YoY+5.0%
FX effect on cash	-10.8M YoY-124.9%	43.3M YoY+26.2%	34.3M YoY+144.4%	-77.2M YoY-3409.1%	-2.20M YoY-108.0%
Net change in cash	-835M YoY-12946.2%	6.50M YoY+101.7%	-380M YoY-380.9%	135M YoY-79.4%	657M YoY+129.7%
Interest paid	107M YoY-6.0%	113M YoY-7.0%	122M YoY-8.6%	133M YoY+14.3%	117M YoY+516.9%
Income taxes paid	465M YoY+6.8%	436M YoY+86.8%	233M YoY-50.1%	468M YoY-6.1%	498M YoY+38.6%
Valuation Ratios	as ofSep 30 ’25	as ofSep 30 ’24	as ofSep 30 ’23	as ofSep 30 ’22	as ofSep 30 ’21
Market cap	12.0B YoY+14.0%	10.5B YoY-14.1%	12.3B YoY+14.4%	10.7B YoY-28.2%	14.9B YoY+48.3%
P/E	22.9× YoY+0.9%	22.7× YoY+51.0%	15.0× YoY+80.9%	8.3× YoY+1.7%	8.2× YoY-35.3%
P/S	1.4× YoY+10.2%	1.2× YoY-21.2%	1.6× YoY+21.8%	1.3× YoY-26.9%	1.8× YoY-2.1%
P/B	1.0× YoY+18.0%	0.8× YoY-18.2%	1.0× YoY+10.2%	0.9× YoY-29.8%	1.3× YoY+33.6%
P/FCF	13.2× YoY-0.7%	13.3× YoY+11.5%	11.9× YoY+107.0%	5.7× YoY-55.2%	12.8× YoY+24.5%
Earnings yield	4.4% YoY-0.9%	4.4% YoY-33.8%	6.7% YoY-44.7%	12.0% YoY-1.7%	12.3% YoY+54.6%
FCF yield	7.6% YoY+0.7%	7.5% YoY-10.3%	8.4% YoY-51.7%	17.4% YoY+123.0%	7.8% YoY-19.7%
Dividend yield	5.5% YoY-10.1%	6.2% YoY+26.1%	4.9% YoY-9.4%	5.4% YoY+43.0%	3.8% YoY-29.0%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: BEN's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all BEN filings on SEC EDGAR → Not investment advice.

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