Franklin Resources, Inc. (BEN) Income Statement
BEN FY2025 at a glance
Fiscal year ended September 30, 2025 · U.S. dollarsBEN revenue and net income
Where BEN's revenue goes
FY2025Each bar shows an amount and its share of revenue. BEN kept 6.0% of revenue as net income.
BEN profit margins
BEN growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +3.5% | +2.0% | +9.5% | +1.0% |
| Gross profit | +3.8% | +1.0% | +9.4% | +6.6% |
| Operating income | +48.2% | −30.2% | −10.4% | −14.9% |
| Net income | +12.9% | −25.9% | −8.1% | −12.7% |
| EPS (diluted) | −7.5% | −15.2% | −3.3% | −3.9% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
BEN quarterly EPS vs estimates
Franklin Templeton beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: November 6, 2026 (estimate $0.77).
BEN income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.77B | $8.48B | $7.85B | $8.28B | $8.43B | $5.57B | $5.77B | $6.32B | $6.39B | $6.62B |
| Cost of revenue | $1.72B | $1.69B | $1.50B | $1.43B | $1.43B | $1.06B | $3.40B | $3.43B | $3.46B | $3.57B |
| Gross profit | $7.05B | $6.79B | $6.35B | $6.85B | $7.00B | $4.50B | $2.37B | $2.89B | $2.93B | $3.05B |
| Research & development | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales, general & admin | $4.90B | $4.68B | $4.07B | $4.12B | $4.21B | $2.92B | $812.8M | $770.2M | $663.3M | $681.5M |
| Total operating expenses | $6.44B | $6.38B | $5.25B | $5.08B | $5.12B | $3.45B | $812.8M | $770.2M | $663.3M | $681.5M |
| Operating income | $604.1M | $407.6M | $1.10B | $1.77B | $1.88B | $1.05B | $1.56B | $2.12B | $2.26B | $2.37B |
| Interest income | $175.9M | $388.6M | $195.1M | $55.7M | $563.4M | $37.2M | $31.0M | $76.5M | $74.9M | $36.5M |
| Interest expense | $94.9M | $97.2M | $123.7M | $98.2M | $85.4M | $33.4M | $24.7M | $48.7M | $51.5M | $49.9M |
| Income before taxes | $786.8M | $823.2M | $1.34B | $1.73B | $2.44B | $1.02B | $1.65B | $2.22B | $2.55B | $2.50B |
| Income taxes | $237.9M | $215.3M | $312.3M | $396.2M | $349.6M | $230.8M | $442.3M | $1.47B | $759.4M | $742.1M |
| Net income | $524.9M | $464.8M | $882.8M | $1.29B | $1.83B | $798.9M | $1.20B | $764.4M | $1.70B | $1.73B |
| EBITDA | $1.41B | $1.38B | $1.91B | $2.21B | $2.84B | $1.18B | $1.65B | $2.19B | $2.34B | $2.45B |
| EPS (diluted) | $2.22 | $2.40 | $2.59 | $3.64 | $3.74 | $2.62 | $2.52 | $3.37 | $3.00 | $2.94 |
| Gross margin | 80.3% | 80.1% | 80.9% | 82.8% | 83.0% | 80.9% | 41.0% | 45.7% | 45.8% | 46.0% |
| Operating margin | 6.9% | 4.8% | 14.0% | 21.4% | 22.3% | 18.8% | 27.0% | 33.5% | 35.4% | 35.7% |
| Net margin | 6.0% | 5.5% | 11.2% | 15.6% | 21.7% | 14.4% | 20.7% | 12.1% | 26.5% | 26.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.36B | $2.29B | $2.33B | $2.34B | $2.06B | $2.11B | $2.25B | $2.21B | $2.12B | $2.15B | $1.99B | $1.99B |
| Cost of revenue | $1.08B | $1.08B | $428.5M | $426.3M | $428.2M | $445.9M | $423.6M | $436.9M | $425.0M | $453.8M | $370.9M | $367.9M |
| Gross profit | $1.28B | $1.21B | $1.90B | $1.92B | $1.64B | $1.67B | $1.83B | $1.77B | $1.70B | $1.70B | $1.62B | $1.62B |
| Sales, general & admin | $868.2M | $731.6M | $1.32B | $1.34B | $1.16B | $1.17B | $1.23B | $1.22B | $1.19B | $1.21B | $1.06B | $1.00B |
| Total operating expenses | $1.06B | $889.2M | $1.62B | $1.83B | $1.48B | $1.52B | $1.61B | $1.93B | $1.48B | $1.57B | $1.41B | $1.28B |
| Operating income | $215.8M | $323.3M | $281.0M | $85.4M | $154.1M | $145.6M | $219.0M | −$150.7M | $222.5M | $129.3M | $206.5M | $338.3M |
| Interest income | — | — | $151.6M | $172.2M | $18.0M | $104.8M | $90.5M | $103.9M | — | — | — | — |
| Interest expense | $23.5M | $19.9M | $20.4M | $25.2M | $25.8M | $20.8M | $23.1M | $25.0M | $25.7M | $27.7M | $18.8M | $24.4M |
| Income before taxes | $370.9M | $445.7M | $451.8M | $254.3M | $176.6M | $42.7M | $313.2M | −$46.2M | $300.1M | $238.1M | $331.2M | $423.5M |
| Income taxes | $199.4M | $99.1M | $105.0M | $65.8M | $59.9M | $31.1M | $81.1M | $9.5M | $68.1M | $62.8M | $74.9M | $75.0M |
| Net income | $171.5M | $346.6M | $255.5M | $117.6M | $92.3M | $151.4M | $163.6M | −$84.7M | $174.0M | $124.2M | $251.3M | $295.5M |
| EBITDA | $298.6M | $513.2M | $556.1M | $379.8M | $348.1M | $206.5M | $479.1M | $92.6M | $438.8M | $382.2M | $461.5M | $560.4M |
| EPS (diluted) | $0.72 | $0.71 | $0.70 | $0.67 | $0.49 | $0.47 | $0.59 | $0.59 | $0.60 | $0.56 | $0.65 | $0.84 |
| Gross margin | 54.2% | 52.8% | 81.6% | 81.8% | 79.3% | 78.9% | 81.2% | 80.2% | 80.0% | 78.9% | 81.4% | 81.5% |
| Operating margin | 9.2% | 14.1% | 12.1% | 3.6% | 7.5% | 6.9% | 9.7% | −6.8% | 10.5% | 6.0% | 10.4% | 17.0% |
| Net margin | 7.3% | 15.1% | 11.0% | 5.0% | 4.5% | 7.2% | 7.3% | −3.8% | 8.2% | 5.8% | 12.6% | 14.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in BEN's financial statements (latest annual report filed November 10, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
BEN financial results
In fiscal year 2025 (ended September 30, 2025), Franklin Templeton reported revenue of $8.8 billion, up 3.5% from the year before. It had net income of $524.9 million (up 12.9%), a net profit margin of 6.0%. Diluted earnings per share came to $2.22. Over five years revenue grew at an average rate of 9.5% a year.
See the BEN stock overview for the latest quote and news, or the BEN chart for price history and technical indicators.
BEN income statement FAQ
What is Franklin Templeton's annual revenue?
Franklin Templeton reported total revenue of $8.8 billion for fiscal year 2025, which ended on September 30, 2025. That was up 3.5% from $8.5 billion the previous year.
Is Franklin Templeton profitable?
Yes. Franklin Templeton reported net income of $524.9 million in fiscal 2025, a net profit margin of 6.0%; its operating margin was 6.9%.
What is Franklin Templeton's gross margin?
Franklin Templeton's gross margin was 80.3% in fiscal 2025: for every $100 of revenue, Franklin Templeton kept $80 after the direct cost of its products and services.
How fast is Franklin Templeton growing?
Revenue grew 9.5% a year on average over the last five fiscal years, from $5.6 billion to $8.8 billion.
What are Franklin Templeton's earnings per share?
Franklin Templeton earned $2.22 per diluted share in fiscal 2025, compared with $2.40 a year earlier.
When will Franklin Templeton report its next earnings?
Franklin Templeton is expected to report results for the quarter ending September 30, 2026 on November 6, 2026 before the market opens.
When does Franklin Templeton's fiscal year end?
Franklin Templeton's fiscal year ends in September. The latest annual report covers the year ended September 30, 2025 and was filed on November 10, 2025.