Franklin Resources Inc (BEN)
Franklin Resources Inc reported revenue of $9.4B in fiscal 2026, up 7.3% from a year earlier. Net income was $1.1B, a net margin of 11.4%. Operating cash flow minus capital spending left $816.2M of free cash flow in fiscal 2026. At September 30, 2026 it held $4.4B in cash against $2.6B of debt. Its latest periodic report to the SEC is the annual report (10-K) filed on November 9, 2026.
Key facts about Franklin Resources Inc
- Net worth
- Franklin Resources Inc has a market value (market cap) of $18.4B at the latest share price, and shareholders' equity of $11.9B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2026 revenue was $9.4B (+7.3% year on year), with net income of $1.1B.
- Cash flow
- In fiscal 2026 operations brought in $836.7M of cash; after $20.5M of capital spending, free cash flow was $816.2M.
- Latest report
- The latest periodic report (annual report, 10-K) was filed with the SEC on November 9, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Franklin Resources Inc's next report is expected around January 29, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Franklin Resources Inc declared dividends of $1.32 per share in fiscal 2026, a yield of 3.64% at the current price.
What Franklin Resources Inc does
Franklin Resources Inc is registered with the SEC under industry code SIC 6282 (Investment Advice). Its shares trade on NYSE under the ticker BEN.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2026 | $9.4B | $1.1B | $1.97 | $816.2M |
| 2025 | $8.8B | $524.9M | $0.91 | $911.6M |
| 2024 | $8.5B | $464.8M | $0.85 | $794.2M |
| 2023 | $7.8B | $882.8M | $1.72 | $940.4M |
| 2022 | $8.3B | $1.3B | $2.53 | $1.9B |
| 2021 | $8.4B | $1.8B | $3.57 | $1.2B |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where BEN ranks in Finance
Dividends
Franklin Resources Inc declared $1.32 per share in fiscal 2026. At the current price that is a yield of 3.64%. It paid out $697.6M in cash dividends, 65% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2026 | $1.32 | $697.6M | 65% |
| 2025 | $1.28 | $683.7M | 130% |
| 2024 | $1.24 | $656.4M | 141% |
| 2023 | $1.20 | $607.3M | 69% |
| 2022 | $1.16 | $583.1M | 45% |
| 2021 | $1.12 | $559.7M | 31% |
Latest SEC filings
What Franklin Resources Inc has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 9, 2026Annual report 10-K · period to September 30, 2026Revenue rose 7.3% to $9.4B versus the prior year; diluted EPS $1.97 versus $0.91.
- November 6, 2026
- November 4, 2026Activist stake changed SCHEDULE 13D/A
- October 28, 2026Passive stake (5% or more) SCHEDULE 13G
- October 28, 2026Passive stake changed SCHEDULE 13G/A
- October 28, 2026Passive stake changed SCHEDULE 13G/A
- October 28, 2026Passive stake changed SCHEDULE 13G/A
- October 28, 2026Passive stake (5% or more) SCHEDULE 13G
- October 28, 2026Passive stake changed SCHEDULE 13G/A
- October 28, 2026Passive stake changed SCHEDULE 13G/A
What is BEN worth? A DCF from its reported cash flow
Insider trades
What the people running Franklin Resources Inc did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider bought or sold shares on the open market in the last 90 days. The 21 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| October 19, 2026 | Johnson Jennifer MChief Executive Officer, Director | Gave as a gift | 32,625 | - |
| October 19, 2026 | Johnson Jennifer MChief Executive Officer, Director | Gave as a giftindirect | 32,625 | - |
| October 13, 2026 | Oshita Lindsey HarumiChief Accounting Officer | Received as pay | 6,495 | $202.5K |
| October 13, 2026 | Gamba DanielCo-President, Chief Commercial | Received as pay | 82,025 | $2.6M |
| October 13, 2026 | Johnson Gregory EExecutive Chairman, Director | Received as pay | 23,814 | $742.5K |
| October 13, 2026 | Johnson Gregory EExecutive Chairman, Director | Received as pay | 22,259 | - |
| October 13, 2026 | Johnson Jennifer MChief Executive Officer, Director | Received as pay | 202,053 | $6.3M |
| October 13, 2026 | Johnson Jennifer MChief Executive Officer, Director | Received as pay | 146,521 | - |
Who owns BEN
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Franklin Resources, Inc.13G, passive with 3 related filers | 5% | July 28, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 765 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 38,276,324 | +807,062 |
| Power Corp of Canada | 25,340,031 | -6,217,086 |
| Vanguard Capital Management LLC | 23,809,879 | +28,200 |
| State Street Corp | 22,711,659 | +398,185 |
| Vanguard Portfolio Management LLC | 15,831,380 | -104,116 |
| Dimensional Fund Advisors LP | 14,959,664 | -1,119,267 |
| Invesco Ltd. | 12,323,543 | -1,589,489 |
| Geode Capital Management, LLC | 10,185,743 | +217,101 |
| Goldman Sachs Group Inc | 8,162,211 | -402,375 |
| Azora Capital LP | 6,908,621 | +1,808,672 |
| ProShare Advisors LLC | 6,026,252 | -665,677 |
| Morgan Stanley | 6,307,898 | -51,540 |
| Artemis Investment Management LLP | 5,311,209 | +431,323 |
| Bank of New York Mellon Corp | 5,074,238 | +11,988 |
| Fmr LLC | 3,413,881 | +182,156 |
| Northern Trust Corp | 4,400,753 | -76,605 |
| Barclays PLC | 4,110,556 | +1,220,172 |
| Charles Schwab Investment Management Inc | 4,668,191 | -52,229 |
| Franklin Resources Inc | 2,772,947 | +137,228 |
| Norges Bank | 3,401,501 | new |
Insiders
12 insiders reported holding 99,758,687 shares in total, about $3.62B at the last price.
| Holder | Shares |
|---|---|
| Johnson Charles B10% owner | 90,108,421 |
| Johnson Jennifer MChief Executive Officer, Director | 4,392,484638,554 held indirectly |
| Johnson Gregory EExecutive Chairman, Director | 2,750,77527,716 held indirectly |
| Nicholls MatthewCo-President, CFO & COO | 934,348 |
| Gamba DanielCo-President, Chief Commercial | 690,609 |
| Murphy TerrenceCo-President, Public Markets | 532,162 |
| Merchant Thomas CEVP, General Counsel | 120,475 |
| Yang Geoffrey YDirector | 74,064 |
| Noto AnthonyDirector | 47,152 |
| Thiel John WDirector | 40,792 |
Questions about BEN
What does Franklin Resources Inc do?
Franklin Resources Inc is a company in the Finance sector, listed on NYSE as BEN. Its shares trade on NYSE under the ticker BEN.
What is Franklin Resources Inc's net worth?
Franklin Resources Inc has a market value (market cap) of $18.4B at the latest share price, and shareholders' equity of $11.9B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Franklin Resources Inc profitable?
Yes. In fiscal 2026 it reported net income of $1.1B on revenue of $9.4B, a net margin of 11.4%.
How much revenue does Franklin Resources Inc make?
In fiscal 2026 Franklin Resources Inc reported revenue of $9.4B. That is 7.3% more than a year earlier.
When did Franklin Resources Inc last report?
Its most recent periodic report is the annual report (10-K) filed on November 9, 2026. It covers the period to September 30, 2026.
When is Franklin Resources Inc's next earnings report?
Franklin Resources Inc's next report is expected around January 29, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does Franklin Resources Inc pay a dividend?
Yes. Franklin Resources Inc declared dividends of $1.32 per share in fiscal 2026, a yield of 3.64% at the current price.
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Where the numbers come from
Financial figures are the values Franklin Resources Inc tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.