Below are the financial statements of Franklin Resources, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
All figures in millions of USD | 2024 | 2023 | 2022 |
---|---|---|---|
Operating revenues | — | — | — |
Investment management fees | 6,822.2a | 6,452.9a | 6,616.8a |
Sales and distribution fees | 1,381a | 1,203.7a | 1,415a |
Shareholder servicing fees | 229.3a | 152.7a | 193a |
Other | 45.5a | 40.1a | 50.5a |
Total operating revenues | 8,478a | 7,849.4a | 8,275.3a |
Operating expenses | — | — | — |
Compensation and benefits | -3,831.1a | -3,494a | -3,089.8a |
Sales, distribution and marketing | -1,863.1a | -1,613.1a | -1,845.6a |
Information systems and technology | -620.1a | -505a | -500.2a |
Occupancy | -325.4a | -228.9a | -218.9a |
Amortization of intangible assets | -338.2a | -341.1a | -282a |
Impairment of intangible assets | -389.2a | 0a | 0a |
General, administrative and other | -703.3a | -565a | -564.9a |
Total operating expenses | -8,070.4a | -6,747.1a | -6,501.4a |
Operating income | 407.6a | 1,102.3a | 1,773.9a |
Other income (expenses) | — | — | — |
Investment and other income, net | 395.5a | 262.3a | 91.1a |
Interest expense | -97.2a | -123.7a | -98.2a |
Investment and other income (losses) of consolidated investment products, net | 149.9a | 115.8a | -17.7a |
Expenses of consolidated investment products | -32.6a | -18.7a | -19.7a |
Other income (expenses), net | 415.6a | 235.7a | -44.5a |
Income before taxes | 823.2a | 1,338a | 1,729.4a |
Taxes on income | -215.3a | -312.3a | -396.2a |
Net income | 607.9a | 1,025.7a | 1,333.2a |
Less: net income (loss) attributable to | — | — | — |
Redeemable noncontrolling interests | 127.9a | 135.5a | -46.9a |
Nonredeemable noncontrolling interests | 15.2a | 7.4a | 88.2a |
Net income attributable to Franklin Resources, Inc. | 464.8a | 882.8a | 1,291.9a |
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