Franklin Templeton Inc. (BEN) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q4 26	$0.55	$0.71	+29.1%	—	—	—
Q3 26	$0.55	$0.7	+27.3%	—	—	—
Q2 26	$0.59	$0.67	+13.6%	—	—	—
Q1 26	$0.5	$0.49	-2.0%	—	—	—
Q4 25	$0.47	$0.47	0.0%	—	—	—
Q3 25	$0.53	$0.59	+11.3%	—	—	—
Q2 25	$0.59	$0.59	0.0%	—	—	—
Q1 25	$0.57	$0.6	+5.3%	—	—	—
Q4 24	$0.57	$0.56	-1.8%	—	—	—
Q3 24	$0.58	$0.65	+12.1%	—	—	—
Q2 24	$0.59	$0.84	+42.4%	—	—	—
Q1 24	$0.59	$0.63	+6.8%	—	—	—
Q4 23	$0.56	$0.61	+8.9%	—	—	—
Q3 23	$0.54	$0.51	-5.6%	—	—	—
Q2 23	$0.67	$0.78	+16.4%	—	—	—
Q1 23	$0.73	$0.82	+12.3%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$0.91	—	—	$8.8B	—
FY24	—	$0.85	—	—	$8.5B	—
FY23	—	$1.72	—	—	$7.8B	—
FY22	—	$2.53	—	—	$8.3B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$6.6B	$6.4B	$6.2B	$5.7B	$5.6B	$8.4B	$8.3B	$7.8B	$8.5B	$8.8B
YoY change	-16.7%	-3.41%	-2.94%	-8.62%	-1.82%	+51.4%	-1.78%	-5.15%	+8.01%	+3.45%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	6.6B	6.4B	6.2B	5.7B	5.6B	8.4B	8.3B	7.8B	8.5B	8.8B
Cost of revenue	1.4B	1.3B	928.4M	960.6M	1.1B	1.4B	1.4B	1.5B	1.7B	1.7B
Gross profit	5.3B	5.1B	5.3B	4.7B	4.5B	7B	6.8B	6.3B	6.8B	7B
Gross margin	79.4%	79.1%	85%	83.1%	80.9%	83%	82.8%	80.9%	80.1%	80.3%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	2.7B	2.6B	3B	2.9B	2.9B	4.2B	4.1B	4.1B	4.7B	4.9B
Operating expenses	2.9B	2.8B	3.2B	3.2B	3.2B	4.7B	4.6B	4.6B	5.3B	5.5B
Operating income	2.4B	2.3B	2B	1.5B	1.2B	2.1B	1.9B	1.4B	1.2B	1.1B
Operating margin	35.7%	35.4%	32.8%	27%	22.4%	24.5%	23.5%	18.3%	13.7%	12.5%
Non-operating income, net	147.5M	261.4M	148.9M	108.6M	-193.4M	465.6M	-117.7M	24.8M	-237.5M	-218.1M
Pretax income	2.5B	2.5B	2.2B	1.6B	1B	2.4B	1.7B	1.3B	823.2M	786.8M
Income tax	742.1M	759.4M	1.5B	442.3M	230.8M	349.6M	396.2M	312.3M	215.3M	237.9M
Net income	1.8B	1.8B	742.7M	1.2B	787.1M	2.1B	1.3B	1B	607.9M	548.9M
Net margin	26.6%	28%	12%	21.3%	14.1%	24.9%	16.1%	13.1%	7.17%	6.26%
EBITDA	2.6B	2.5B	2.3B	1.7B	1.3B	2.6B	2.4B	2B	1.8B	1.8B
EPS	2.94	3.01	1.39	2.35	1.59	3.58	2.53	1.72	0.85	0.91
Diluted EPS	2.94	3.01	1.39	2.35	1.59	3.57	2.53	1.72	0.85	0.91

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	2B	2B	2.2B	2.1B	2.2B	2.3B	2.1B	2.1B	2.3B	2.3B	2.3B	2.4B
Cost of revenue	367.9M	370.9M	453.8M	425M	436.9M	423.6M	445.9M	428.2M	426.3M	428.5M	457.7M	444.8M
Gross profit	1.6B	1.6B	1.7B	1.7B	1.8B	1.8B	1.7B	1.6B	1.9B	1.9B	1.8B	1.9B
Gross margin	81.5%	81.4%	78.9%	80%	80.2%	81.2%	78.9%	79.3%	81.8%	81.6%	80.1%	81.1%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	1B	1.1B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.3B	1.3B	1.3B	1.5B
Operating expenses	1.1B	1.2B	1.4B	1.3B	1.4B	1.4B	1.3B	1.3B	1.5B	1.5B	1.4B	1.6B
Operating income	400.7M	348.2M	248.2M	266.2M	295.3M	333.9M	220.9M	204.1M	340.9M	368.5M	365.4M	228.9M
Operating margin	20.2%	17.5%	11.5%	12.5%	13.4%	14.8%	10.5%	9.89%	14.5%	15.8%	15.9%	9.71%
Non-operating income, net	47.2M	1.8M	17.6M	59.6M	-316.5M	2.4M	-157.4M	-1.7M	-61.4M	103.7M	100.2M	165.5M
Pretax income	423.5M	331.2M	238.1M	300.1M	-46.2M	313.2M	42.7M	176.6M	254.3M	451.8M	445.7M	370.9M
Income tax	75M	74.9M	62.8M	68.1M	9.5M	81.1M	31.1M	59.9M	65.8M	105M	99.1M	115.6M
Net income	348.5M	256.3M	175.3M	232M	-55.7M	232.1M	11.6M	116.7M	188.5M	346.8M	346.6M	255.3M
Net margin	17.5%	12.9%	8.14%	10.9%	-2.52%	10.3%	0.55%	5.65%	8.04%	14.9%	15.1%	10.8%
EBITDA	541.9M	525.4M	398.9M	433.9M	436.9M	480.1M	400.4M	380.1M	491.2M	497.1M	494.3M	347.3M
EPS	0.58	0.5	0.23	0.32	-0.19	0.29	0.26	0.15	0.21	0.46	0.49	—
Diluted EPS	0.58	0.5	0.23	0.32	-0.19	0.29	0.26	0.15	0.21	0.46	0.49	—

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	20.8B	24.9B	16.3B	14.5B	10B	14.6B	10.5B	12B	10.3B	12B	16.6B
Enterprise value	14.4B	17.2B	10.2B	9.3B	12.5B	17.5B	15.1B	19.4B	18.9B	21.7B	20.3B
Shares outstanding	583.8M	558.8M	537.4M	503.6M	491.9M	489.9M	488.7M	490M	509.5M	516.7M	516.7M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	11.8	13.9	22	12.1	12.7	6.95	7.89	11.7	16.9	21.8	22.2
P/S	3.14	3.89	2.63	2.56	1.8	1.73	1.27	1.53	1.21	1.36	1.78
P/B	1.65	1.67	1.45	1.28	0.88	1.14	0.76	0.89	0.7	0.84	1.41
EV/EBITDA	5.6	6.78	4.51	5.6	9.53	6.82	6.32	9.76	10.5	12.3	11.3
EV/Sales	2.17	2.69	1.64	1.64	2.24	2.08	1.82	2.47	2.23	2.47	2.18
Earnings yield	8.46%	7.2%	4.54%	8.29%	7.86%	14.4%	12.7%	8.52%	5.92%	4.59%	4.5%
FCF yield	7.85%	4.26%	13%	0.24%	9.79%	8.01%	17.7%	7.81%	7.74%	7.63%	-18%
PEG	—	—	—	—	—	—	—	—	—	—	10.2

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	79.4%	79.1%	85%	83.1%	80.9%	83%	82.8%	80.9%	80.1%	80.3%	81.1%
Operating margin	35.7%	35.4%	32.8%	27%	22.4%	24.5%	23.5%	18.3%	13.7%	12.5%	13%
Net margin	26.6%	28%	12%	21.3%	14.1%	24.9%	16.1%	13.1%	7.17%	6.26%	8.72%
ROE	14%	12%	6.6%	10.6%	6.9%	16.4%	9.64%	7.56%	4.17%	3.87%	7.89%
ROA	10.9%	10.2%	5.16%	8.3%	3.63%	8.67%	4.75%	3.41%	1.87%	1.7%	2.64%
ROIC	26.9%	22%	13.5%	18.2%	6.94%	11.3%	8.15%	5.26%	3.68%	3.21%	3.56%
Return on tangible assets	15.1%	13.7%	7.64%	14.1%	27.6%	35.9%	21%	12.3%	5.82%	4.72%	7.28%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	27.5	20.3	5.58	5.37	3	3.51	3.7	4.13	3.24	2.71	5.49
Quick ratio	27.5	20.3	5.58	5.37	3	3.51	3.7	4.13	3.24	2.71	2.84
Debt / equity	0.17	0.07	0.06	0.07	0.56	0.6	0.68	0.87	0.9	0.94	0.25
Debt / assets	0.13	0.06	0.05	0.05	0.3	0.31	0.33	0.39	0.4	0.41	0.46
Net debt / EBITDA	-2.5	-3.01	-2.74	-3.13	1.87	1.15	1.92	3.7	4.8	5.53	7.08
Interest coverage	51.1	50.5	48.8	74.6	31.5	29.6	18.6	11.8	9.47	9.29	18.1
Effective tax rate	29.7%	29.8%	66.5%	26.8%	22.7%	14.3%	22.9%	23.3%	26.2%	30.2%	25.3%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	11.3	11.4	11.5	11.3	11.3	17.2	16.9	16	16.6	17	18.1
EPS (basic)	2.94	3.01	1.39	2.35	1.59	3.58	2.53	1.72	0.85	0.91	0.91
EPS (diluted)	2.94	3.01	1.39	2.35	1.59	3.57	2.53	1.72	0.85	0.91	1.47
Book value per share	21.6	26.6	20.9	22.6	23.2	26	28.3	27.7	28.6	27.5	23.1
FCF per share	2.79	1.9	3.95	0.07	1.99	2.38	3.82	1.92	1.56	1.76	-5.89
Cash per share	14.5	15.7	12.9	11.8	8.11	9.49	9.79	8.98	8.65	6.92	5.26
Capex per share	0.17	0.13	0.2	0.46	0.21	0.16	0.18	0.3	0.35	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	1.47%	1.17%	1.72%	4.12%	1.86%	0.94%	1.09%	1.9%	2.09%	—	—
Capex / operating cash flow	5.31%	5.74%	8.43%	50.5%	10.4%	4.4%	4.51%	14.1%	23.3%	—	—
Payout ratio	23.3%	24.7%	285%	43%	67.7%	26.7%	43.7%	59.2%	108%	124.6%	89.1%
Dividend yield	1.97%	1.77%	13%	3.57%	5.33%	3.84%	5.54%	5.04%	6.39%	5.72%	4.04%

Yield

4.04%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.33

ex-dividend Jun 29, 2026

Payout ratio

89%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jun 29, 2026	$0.33
Mar 31, 2026	$0.33
Dec 30, 2025	$0.33

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	$2B	$2B	$2.2B	$2.1B	$2.2B	$2.3B	$2.1B	$2.1B	$2.3B	$2.3B	$2.3B	$2.4B
YoY change	+2.43%	+1.22%	+11.7%	+7.82%	+11.3%	+13.1%	-1.92%	-2.77%	+5.99%	+3.35%	+8.69%	+14.3%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	8.5B	8.7B	6.9B	6B	4B	4.6B	4.8B	4.4B	4.4B	3.6B
Receivables	794.3M	1B	847.9M	839M	1.2B	1.4B	1.3B	1.3B	1.5B	1.5B
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	9.3B	9.8B	7.8B	6.8B	5.2B	6.1B	6B	5.8B	5.9B	5.1B
Property, plant & equipment	523.2M	517.2M	535M	-105.5M	471.2M	350.2M	313.5M	273.5M	705.4M	617M
Goodwill & intangibles	4.4B	4.5B	4.7B	6B	18.8B	18.3B	21.7B	21.8B	22B	20.7B
Total assets	16.1B	17.5B	14.4B	14.5B	21.7B	24.2B	28.1B	30.1B	32.5B	32.4B
Accounts payable	233.3M	291.5M	226.9M	304.4M	1B	1B	1.1B	879.7M	1.4B	1.7B
Short-term debt	—	—	—	—	—	—	—	—	—	—
Total current liabilities	337.9M	479.5M	1.4B	1.3B	1.7B	1.7B	1.6B	1.4B	1.8B	1.9B
Long-term debt	2.1B	1.1B	728.5M	747.7M	6.4B	7.6B	9.4B	11.8B	13.1B	13.3B
Total liabilities	3.5B	2.7B	3.1B	3.2B	10.3B	11.4B	14.2B	16.5B	17.9B	18.2B
Shareholders' equity	12.6B	14.9B	11.3B	11.4B	11.4B	12.7B	13.8B	13.6B	14.6B	14.2B
Total debt	2.1B	1.1B	728.5M	747.7M	6.4B	7.6B	9.4B	11.8B	13.1B	13.3B
Net debt	-6.4B	-7.7B	-6.2B	-5.2B	2.4B	2.9B	4.6B	7.3B	8.7B	9.7B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Cash & short-term investments	4.4B	3.9B	4.1B	4.1B	4.4B	3.6B	3.5B	4B	3.6B	3.5B	3.6B	3.8B
Receivables	1.3B	1.5B	1.4B	1.6B	1.5B	1.4B	1.5B	1.7B	1.5B	1.4B	1.4B	1.6B
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	5.8B	5.3B	5.6B	5.7B	5.9B	5B	5B	5.7B	5.1B	4.9B	5B	5.3B
Property, plant & equipment	273.5M	1.6B	1.8B	1.7B	705.4M	1.8B	1.8B	1.7B	617M	1.7B	1.7B	1.6B
Goodwill & intangibles	21.8B	21.7B	23.1B	22.9B	22B	21.7B	21.5B	21.3B	20.7B	20.9B	20.8B	20.6B
Total assets	30.1B	29.9B	32.9B	33.3B	32.5B	32.4B	32B	32.6B	32.4B	32.5B	34.1B	36.2B
Accounts payable	879.7M	1B	1.3B	1.2B	1.4B	1.4B	1.1B	1.9B	1.7B	1.2B	1.3B	1.9B
Short-term debt	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	1.4B	1.6B	1.7B	1.6B	1.8B	1.9B	1.3B	2B	1.9B	1.4B	1.3B	1.9B
Long-term debt	11.8B	11.8B	13.2B	13.6B	13.1B	12.8B	13.2B	13.2B	13.3B	14.2B	15.4B	16.7B
Total liabilities	16.5B	16.1B	18.1B	18.4B	17.9B	17.1B	16.8B	18.1B	18.2B	18.2B	19.5B	21.8B
Shareholders' equity	13.6B	13.7B	14.8B	14.9B	14.6B	15.3B	15.2B	14.4B	14.2B	14.4B	14.6B	14.4B
Total debt	11.8B	11.8B	13.2B	13.6B	13.1B	12.8B	13.2B	13.2B	13.3B	14.2B	15.4B	16.7B
Net debt	7.3B	7.9B	9B	9.5B	8.7B	9.1B	9.7B	9.3B	9.7B	10.7B	11.8B	12.9B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	1.8B	1.8B	742.7M	1.2B	787.1M	2.1B	1.3B	1B	607.9M	548.9M
Depreciation & amortization	87.1M	80.3M	76.4M	93.4M	128.5M	310.6M	377.8M	445.4M	454.7M	531.8M
Stock-based compensation	131.5M	123.4M	117.8M	111.5M	122.3M	171.9M	208.2M	182.6M	246.1M	214.8M
Change in working capital	-227.7M	58.6M	-97.1M	402.5M	600.9M	-89.9M	251.3M	65.8M	-138.9M	-34.7M
Operating cash flow	1.8B	1.3B	1.3B	462.8M	1B	1.8B	2B	1.1B	759.2M	1.1B
Capital expenditure	-97.6M	-74.9M	-106.5M	-233.7M	-103.7M	-79.3M	-90.3M	-148.8M	-177.1M	—
Investing cash flow	192.2M	52M	-290.4M	-1.3B	-4.1B	-2.6B	-3.3B	-3.6B	-2.4B	-2.2B
Dividends paid	-408.7M	-441.2M	-2.1B	-518.6M	-533.2M	-559.7M	-583.1M	-607.3M	-656.4M	-683.7M
Share repurchases	-1.3B	-765.3M	-1.4B	-754.5M	-218.2M	-208.2M	-180.8M	-256.3M	-274.4M	-240.3M
Financing cash flow	-1.8B	-956M	-3.8B	339.9M	734.4M	2B	1.6B	2.1B	1.4B	452.4M
Net change in cash	228.1M	401.7M	-2.8B	-472.7M	-2.3B	1.2B	258.3M	-448.8M	-248.9M	-669.7M
Free cash flow	1.6B	1.1B	2.1B	34.8M	979.6M	1.2B	1.9B	940.4M	794.2M	911.6M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Net income	348.5M	256.3M	175.3M	232M	-55.7M	232.1M	11.6M	116.7M	188.5M	346.8M	346.6M	255.3M
Depreciation & amortization	112.5M	111.5M	116.4M	113M	113.8M	142.8M	143M	145.7M	100.3M	83.9M	80M	82.8M
Stock-based compensation	44.7M	66.8M	65.2M	62.6M	51.5M	73.2M	46.7M	50.1M	44.8M	75.6M	52.8M	22.6M
Change in working capital	163.9M	-583.2M	-51M	-60.9M	48.2M	-595.3M	-178M	481.3M	-375M	-156.2M	-327.9M	41.9M
Operating cash flow	700.4M	-308.8M	304.6M	192.3M	63.1M	-177.7M	-38.6M	1.3B	-20.7M	-255.1M	-27.6M	581.2M
Capital expenditure	-27.3M	-19.5M	-41.7M	-46.1M	-69.8M	-71.8M	-37.5M	—	—	—	—	—
Investing cash flow	-330.9M	-137.6M	-273.2M	-811.9M	-1.2B	-656.5M	-364.1M	-776.2M	-410.2M	-326.5M	-1.4B	-1.6B
Dividends paid	-152.5M	-155.7M	-165.7M	-167.9M	-167.1M	-166.2M	-173.2M	-173.2M	-171.1M	-170.2M	-176.4M	-176.2M
Share repurchases	-186.3M	-58.8M	-11.7M	-101.5M	-102.4M	-5.8M	-10M	-157.4M	-67.1M	-41.9M	-57.1M	-345.8M
Financing cash flow	-396M	-159M	383.8M	274.3M	909.2M	87.9M	282.2M	-16.4M	88.5M	487.4M	1.5B	1.3B
Net change in cash	-26.5M	-605.4M	415.2M	-345.3M	-228.7M	-746.3M	-120.5M	489.5M	-342.4M	-94.2M	96.6M	214.6M
Free cash flow	746.1M	-271.4M	94.9M	482.3M	488.4M	-217M	-87.6M	1.3B	-51.9M	-255.1M	-27.6M	566.2M

Date	Ratio
Jul 26, 2013	3:1
Jan 16, 1998	2:1
Jan 15, 1997	3:2
Apr 15, 1992	2:1
Jan 16, 1990	3:2
Jul 15, 1987	5:4
Oct 27, 1986	3:2
Jan 24, 1986	2:1
Jan 23, 1986	2:1
Apr 2, 1985	2:1
Apr 1, 1985	2:1
Apr 16, 1984	5:4
Apr 13, 1984	5:4

Franklin Templeton Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history