FirmAtlas
Company handbook · BEN · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
BEN · CIK 38777 · LATEST FILING: 10-Q JUN '26 · FILED JUL 31, 2026
FRANKLIN RESOURCES, INC.
$30.98
−0.40 (−1.27%)
Close, Oct 16, 2026 · 52-week $21–36
Last fiscal year
FRANKLIN RESOURCES, INC. reported revenue of $8.8B for the year ended Sep 30, 2025 (FY25), up 3.5% from FY24. Net income was $525M, operating cash flow $1.1B and free cash flow $912M. Source: 10-K filed Nov 10, 2025.
Market cap
$16.1B
P/E
19.9
EV/EBITDA
20.5x
P/B
1.4
Div yield
4.26%
ROIC
3.9%
Revenue 1Y
3.5%/yr
EPS 1Y
7.1%/yr
Shares 1Y
−0.5%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOJennifer M. Johnson
HQSan Mateo, CA
AuditorPricewaterhouseCoopers LLP
Employees9,800
Year endsSeptember
Revenue by segment · FY25
Investment Advisory Management And Administrative Service80%
Sales And Distribution Fees17%
Shareholder Service3%
Service Other1%
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
−1.0%
0.6%
10.5%
40.2%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$2.0B deployed
Capex
$332M
16.5%
Dividends
$1.3B
66.6%
Buybacks
$515M
25.6%
Operating cash flow over the period: $2.0B. Total debt changed by −$418M.
More cash than debt at the end of FY25.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · FY25 = year ended Sep 30, 2025 · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
8,478
8,771+3.5%
9,324
YoY
+3.5%
Operating income
408
604+48.2%
906
Operating margin
4.8%
6.9%+2.1 pp
—
EBITDA
524
729+39.2%
—
EBITDA margin
6.2%
8.3%+2.1 pp
—
Interest expense
97
95−2.4%
—
Interest coverage
5.39x
7.69x+2.29x
—
Net income
465
525+12.9%
813
YoY
+12.9%
Net margin
5.5%
6.0%+0.5 pp
—
EPS (diluted, $)
0.85
0.91+7.1%
1.49
YoY
+7.1%
Balance sheet
Total assets
32,464
32,368−0.3%
36,243
Cash & short-term investments
4,409
3,574−18.9%
—
Net PP&E
946
949+0.3%
—
Other assets
27,109
27,845+2.7%
—
Total liabilities
19,956
20,290+1.7%
24,505
Total debt
2,780
2,362−15.0%
2,402
Other liabilities
17,176
17,928+4.4%
—
Shareholders’ equity
12,508
12,078−3.4%
11,738
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
971
1,066+9.8%
278
Net income
608
549−9.7%
—
Depreciation & amortization
116
125+7.6%
—
Stock-based compensation
246
215−12.7%
—
Working capital & other
0.8
177+22037.5%
—
Cash from investing
(2,424)
(2,343)n/m
—
Capex
(177)
(154)n/m
—
Acquisitions
175
0−100.0%
—
Investments bought
(1,128)
(1,037)n/m
—
Investments sold / matured
1,407
776−44.8%
—
Other investing
(2,701)
(1,927)n/m
—
Cash from financing
1,416
452−68.0%
—
Debt raised
0
300n/m
—
Debt repaid
(250)
(700)n/m
—
Dividends
(656)
(684)n/m
—
Buybacks
(274)
(240)n/m
—
Shares issued
21
24+15.9%
—
Other financing
2,576
1,752−32.0%
—
Net change in cash
6
(835)−12946.2%
—
Free cash flow (OCF − capex)
794
912+14.8%
—
Where the cash went
Operating cash flow
971
1,066+9.8%
278
Reinvested in the business
2
154+7625.0%
—
% of operating cash flow
0.2%
14.5%
Capex
177
154−12.8%
—
Acquisitions
(175)
0n/m
—
Free cash flow
794
912+14.8%
—
YoY
+14.8%
Returned to shareholders
931
924−0.7%
—
% of free cash flow
117.2%
101.4%
Dividends
656
684+4.2%
—
Buybacks
274
240−12.4%
—
Change in total debt
—
(418)
—
Cash left over
—
(431)
—
FCF conversion (FCF ÷ net income)
170.9%
173.7%+2.8 pp
—
Buyback yield
2.6%
2.0%−0.6 pp
—
Returns & ratios
ROIC (all capital)
2.8%
3.9%+1.1 pp
—
ROIC (operating)
31.8%
44.5%+12.7 pp
—
Net debt / EBITDA
−3.11x
−1.66x+1.45x
—
Debt / equity
0.22x
0.20x−0.03x
—
ROE
3.7%
4.3%+0.6 pp
—
ROA
1.4%
1.6%+0.2 pp
—
NOPAT
301
421+40.0%
—
Invested capital (operating)
946
949+0.3%
—
Invested capital (all)
10,880
10,866−0.1%
—
Reinvestment rate
—
0.6%
—
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
2,344
2,327
2,295
2,358
vs year-ago quarter
Operating income
85
281
323
216
Net income
118
256
268
172
vs year-ago quarter
Net margin
5.0%
11.0%
11.7%
7.3%
EPS (diluted, $)
0.23
0.46
0.49
0.31
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
32,368
32,549
34,110
36,243
Cash & equivalents
3,574
3,485
3,569
3,761
Total debt
2,362
2,357
2,253
2,402
Shareholders’ equity
12,078
12,135
12,124
11,738
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
(21)
(255)
(28)
581
Capex
31
—
—
—
Free cash flow
(52)
—
—
—
vs year-ago quarter