Franklin Resources (BEN) Stock Buyback History
TTM buyback yield 2.31% · Shareholder yield (TTM) 2.31%.
TTM buyback yield
2.31%
Shareholder yield (TTM)
2.31%
5Y share count change
4.8%
TTM buyback spend
$282.50M
SBC coverage (TTM)
1.27x
YoY change in spend
-12.4%
5Y CAGR of spend
+1.9%
Peak year (2008)
$1.54B
Cumulative spend
$16.06B
TTM metrics calculated from the four most recent reported quarters, ending (reported ).
Key takeaways
- Franklin Resources (BEN) repurchased about $282.50M of stock over the trailing twelve months.
- Diluted share count is up 4.8% over the last ~5 fiscal years — equity issuance and stock-based compensation are outpacing repurchases.
- TTM buyback ÷ stock-based-comp ratio of 1.27× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at +1.9% per year over the latest 5-year window.
- TTM repurchases used about 115% of free cash flow remaining after dividends.
Buyback context per fiscal year
Annual repurchases alongside stock-based compensation, diluted share count and the year-over-year change — useful for SBC-coverage and dilution-offset reading at a glance.
| Year | Buybacks | SBC | Net | Shares (dil.) | YoY shares | Buyback yield |
|---|---|---|---|---|---|---|
| 2025 | $240.30M | $214.80M | $25.50M | 0.52B | 1.0% | 2.02% |
| 2024 | $274.40M | $246.10M | $28.30M | 0.51B | 4.0% | 2.64% |
| 2023 | $256.30M | $182.60M | $73.70M | 0.49B | 0.3% | 2.13% |
| 2022 | $180.80M | $208.20M | −$27.40M | 0.49B | -0.3% | 1.72% |
| 2021 | $208.20M | $171.90M | $36.30M | 0.49B | -0.3% | 1.43% |
| 2020 | $218.20M | $122.30M | $95.90M | 0.49B | -2.5% | 2.18% |
| 2019 | $754.50M | $111.50M | $643.00M | 0.50B | -6.3% | 5.25% |
| 2018 | $1.42B | $117.80M | $1.31B | 0.54B | -3.8% | 8.97% |
| 2017 | $765.30M | $123.40M | $641.90M | 0.56B | -4.2% | 3.11% |
| 2016 | $1.31B | $131.50M | $1.18B | 0.58B | -5.1% | 6.43% |
| 2015 | $1.06B | $140.00M | $919.80M | 0.61B | -1.6% | 4.68% |
| 2014 | $622.20M | $127.70M | $494.50M | 0.63B | -1.4% | 1.83% |
| 2013 | $491.00M | $113.40M | $377.60M | 0.63B | -1.4% | 1.54% |
| 2012 | $797.40M | $101.30M | $696.10M | 0.64B | -3.5% | 3.00% |
| 2011 | $954.17M | $88.70M | $865.47M | 0.67B | -2.3% | 4.62% |
| 2010 | $675.75M | $81.70M | $594.05M | 0.68B | -1.8% | 2.83% |
| 2009 | $376.91M | $84.44M | $292.46M | 0.69B | -2.9% | 1.64% |
| 2008 | $1.54B | $80.70M | $1.46B | 0.71B | -5.5% | 7.56% |
| 2007 | $1.29B | $90.14M | $1.20B | 0.76B | -3.3% | 4.10% |
| 2006 | $985.91M | $0.00 | $985.91M | 0.78B | 0.1% | 3.69% |
| 2005 | $170.13M | $0.00 | $170.13M | 0.78B | 1.4% | 0.80% |
| 2004 | $67.59M | $0.00 | $67.59M | 0.77B | 0.7% | 0.48% |
| 2003 | $575.68M | $0.00 | $575.68M | 0.77B | -2.6% | 5.29% |
| 2002 | $124.93M | $0.00 | $124.93M | 0.79B | 3.2% | 1.57% |
| 2001 | $172.11M | $0.00 | $172.11M | 0.76B | 2.9% | 1.94% |
| 2000 | $250.04M | $0.00 | $250.04M | 0.74B | -2.4% | — |
| 1999 | $64.33M | $0.00 | $64.33M | 0.76B | -0.0% | — |
| 1998 | $42.59M | $0.00 | $42.59M | 0.76B | -0.4% | — |
| 1997 | $19.14M | $0.00 | $19.14M | 0.76B | 1.4% | — |
| 1996 | $53.41M | $0.00 | $53.41M | 0.75B | — | — |
| 1995 | $42.15M | $0.00 | $42.15M | — | — | — |
| 1994 | $26.41M | $0.00 | $26.41M | — | — | — |
| 1993 | $0.00 | $0.00 | $0.00 | — | — | — |
| 1992 | $0.00 | $0.00 | $0.00 | — | — | — |
| 1991 | $6.30M | $0.00 | $6.30M | — | — | — |
| 1990 | $14.70M | $0.00 | $14.70M | — | — | — |
Cash buyback spend (USD) — annual & quarterly history
Trailing-twelve-month and per-period cash repurchases for Franklin Resources (BEN) from the consolidated cash flow statement (line: common stock repurchased), in USD as filed.
Cash buyback spend over time for Franklin Resources (BEN)
Per-period cash repurchases
Cash buyback spend annual + quarterly history for Franklin Resources (BEN)
| Fiscal year | Period ended | Reported | Buyback Spend | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $240.30M | -12.4% | -$34.10M | ||
| 2024 | $274.40M | +7.1% | +$18.10M | ||
| 2023 | $256.30M | +41.8% | +$75.50M | ||
| 2022 | $180.80M | -13.2% | -$27.40M | ||
| 2021 | $208.20M | -4.6% | -$10.00M | ||
| 2020 | $218.20M | -71.1% | -$536.30M | ||
| 2019 | $754.50M | -47.0% | -$670.30M | ||
| 2018 | $1.42B | +86.2% | +$659.50M | ||
| 2017 | $765.30M | -41.5% | -$542.70M | ||
| 2016 | $1.31B | +23.4% | +$248.20M | ||
| 2015 | $1.06B | +70.3% | +$437.60M | ||
| 2014 | $622.20M | +26.7% | +$131.20M | ||
| 2013 | $491.00M | -38.4% | -$306.40M | ||
| 2012 | $797.40M | -16.4% | -$156.77M | ||
| 2011 | $954.17M | +41.2% | +$278.42M | ||
| 2010 | $675.75M | +79.3% | +$298.85M | ||
| 2009 | $376.91M | -75.6% | -$1.17B | ||
| 2008 | $1.54B | +19.8% | +$254.65M | ||
| 2007 | $1.29B | +30.7% | +$302.74M | ||
| 2006 | $985.91M | +479.5% | +$815.78M | ||
| 2005 | $170.13M | +151.7% | +$102.54M | ||
| 2004 | $67.59M | -88.3% | -$508.09M | ||
| 2003 | $575.68M | +360.8% | +$450.75M | ||
| 2002 | $124.93M | -27.4% | -$47.18M | ||
| 2001 | $172.11M | -31.2% | -$77.93M | ||
| 2000 | $250.04M | +288.7% | +$185.71M | ||
| 1999 | $64.33M | +51.0% | +$21.74M | ||
| 1998 | $42.59M | +122.6% | +$23.46M | ||
| 1997 | $19.14M | -64.2% | -$34.28M | ||
| 1996 | $53.41M | +26.7% | +$11.26M | ||
| 1995 | $42.15M | +59.6% | +$15.74M | ||
| 1994 | $26.41M | — | +$26.41M | ||
| 1993 | $0 | — | $0 | ||
| 1992 | $0 | -100.0% | -$6.30M | ||
| 1991 | $6.30M | -57.1% | -$8.40M | ||
| 1990 | $14.70M | — | — |
Franklin Resources (BEN) most recent annual buyback spend stands at $240.30M (2025) – declined 12.4% year-over-year.
Across 2020–2025 (5 years), Franklin Resources buyback spend produced a CAGR of +1.9% – with the latest reading among the more recent periods of the dataset.
Franklin Resources buyback spend peaked at $1.54B in 2008; the latest annual figure is $240.30M in 2025 (84.4% below peak).
Across the available history, buyback spend reached its high of $1.54B in 2008 and its low of $0 in 1992.
Among 8 Financial Services peers, Franklin Resources (BEN) ranks 8th; the peer median for buyback spend is $12.87B.
Franklin Resources Buyback Spend 2025: $240.30M
Franklin Resources buyback spend in 2025 was $240.30M, declined 12.4% below 2024.
Franklin Resources Buyback Spend 2024: $274.40M
Franklin Resources buyback spend in 2024 was $274.40M, grew 7.1% from 2023.
Franklin Resources Buyback Spend 2023: $256.30M
Franklin Resources buyback spend in 2023 was $256.30M, surged 41.8% from 2022.
Franklin Resources Buyback Spend 2022: $180.80M
Franklin Resources buyback spend in 2022 was $180.80M, declined 13.2% below 2021.
Franklin Resources Buyback Spend 2021: $208.20M
Franklin Resources buyback spend in 2021 was $208.20M.
See more financial history for Franklin Resources (BEN).
Sector peers by buyback spend
Companies in the same sector as Franklin Resources, ranked by their latest buyback spend.
| Company | Buyback Spend | Sector |
|---|---|---|
| JPMorgan Chase (JPM) | $34.59B | Financial Services |
| Bank of America (BAC) | $21.43B | Financial Services |
| Wells Fargo (WFC) | $19.52B | Financial Services |
| Visa (V) | $13.39B | Financial Services |
| Goldman Sachs (GS) | $12.36B | Financial Services |
| Mastercard (MA) | $11.73B | Financial Services |
| Morgan Stanley (MS) | $5.83B | Financial Services |
| Berkshire Hathaway (BRK-B) | $0 | Financial Services |
Share count history
Diluted weighted-average shares drive the EPS denominator and per-share capital-return maths. A falling diluted share count means buybacks are outpacing dilution from stock-based compensation and option exercises.
Diluted vs basic shares (annual)
Year-over-year change in diluted shares
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Dividend & buyback yield over time
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Buybacks vs stock-based compensation
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 1.27×.
Capital allocation mix
How Franklin Resources splits cash returned to shareholders between dividends and buybacks, plus the headroom on free cash flow that's still available for additional repurchases.
Buybacks vs dividends (share of cash returned)
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $245.00M (TTM FCF − TTM dividends, clamped at zero).
Data & methodology
Where do buyback, dividend and compensation figures come from?
Cash buyback spend (common stock repurchased), dividends paid and stock-based compensation come from Franklin Resources's consolidated cash flow statements — quarterly 10-Q and annual 10-K SEC filings, in USD as reported.
How are diluted shares and yields calculated?
Diluted weighted-average share counts come from the income statement (EPS denominator). Trailing twelve-month (TTM) aggregates sum the four most recent reported quarters. Buyback and dividend yields divide TTM cash flows by market capitalisation at the latest quarter-end.
How is buyback capacity defined?
Capacity compares TTM repurchases to free cash flow after dividends: operating cash flow minus capital expenditure, minus dividends paid, versus actual buybacks over the same trailing window.
Is this investment advice?
No. Figures are for informational and educational use only. Past buybacks and dividends do not predict future returns.
Frequently asked questions
Does Franklin Resources buy back its own stock?
Yes, Franklin Resources (BEN) has repurchased shares in recent periods. See the history table and charts on this page for amounts and trends.
How much does Franklin Resources spend on share buybacks?
Trailing twelve months (TTM) buyback spend is about $282.50M (sum of the last four quarterly cash-flow periods in our data). Figures are illustrative; verify in filings.
What is Franklin Resources's buyback yield?
TTM buyback yield is about 2.31% (TTM buyback spend divided by market cap at the latest quarter-end in our data).
What is Franklin Resources's shareholder yield?
Shareholder yield combines dividend yield and buyback yield. For the latest period we show approximately 2.31% combined (TTM-based where available).
Is Franklin Resources diluting shareholders?
Compare stock-based compensation (SBC) to buybacks in the chart above. Net effect varies by year; see annual buyback vs SBC bars and the history table.
How has Franklin Resources's share count changed?
Diluted weighted average shares changed by about 4.8% over roughly five fiscal years (annual income statement data).
What is Franklin Resources's buyback spend?
Latest reported buyback spend for Franklin Resources (BEN) is $282.50M (period ending March 31, 2026).
How has Franklin Resources buyback spend changed year-over-year?
Franklin Resources (BEN) buyback spend changed -12.4% year-over-year on the latest annual filing.
What is the long-term growth rate of Franklin Resources buyback spend?
Franklin Resources (BEN) buyback spend compound annual growth rate is +1.9% over the most recent 5 years available.
When did Franklin Resources buyback spend hit its highest annual value?
Franklin Resources buyback spend reached its highest annual value of $1.54B in 2008.
What was Franklin Resources buyback spend in 2024?
Franklin Resources (BEN) buyback spend in 2024 was $274.40M.
What was Franklin Resources buyback spend in 2025?
Franklin Resources (BEN) buyback spend in 2025 was $240.30M.
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