Franklin Resources Inc

Common Name
Franklin Resources
Country
United States
Sector
Financial Services
Industry
Asset Management
Employees
10,100
Ticker
BEN
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Franklin Resources Inc., commonly known as Franklin Templeton, is a prominent global investment management organization. Its primary purpose is to provide a wide range of investment solutions, includi...

Financial Statements of Franklin Resources

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 USD202420232022
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

Verified Sources Behind Franklin Resources’s Financial Fundamentals Data

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a. Franklin Resources's 10-K 2024
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