How does Franklin Resources (BEN) make money?

Franklin Resources (BEN) generates revenue primarily from Investment Advisory, Management and Administrative Service, which accounted for 79.5% of total revenue in TTM through Q1 2026. The company reported $9.03B in revenue and converted 9% of it into net profit, equivalent to roughly $812M in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of Franklin Resources (BEN)?

Franklin Resources (BEN) reported a gross profit margin of 73.8% in TTM through Q1 2026, equivalent to $6.66B in gross profit on $9.03B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Franklin Resources (BEN)?

Franklin Resources (BEN) reported an operating profit margin of 9.3% in TTM through Q1 2026, equivalent to $844M in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Franklin Resources (BEN)?

Franklin Resources (BEN) reported a net profit margin of 9% in TTM through Q1 2026, equivalent to $812M in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Franklin Resources (BEN) profitable?

Yes. Franklin Resources (BEN) reported $812M in net income for TTM through Q1 2026, with a net profit margin of 9%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does Franklin Resources (BEN) spend on capital expenditures?

Franklin Resources (BEN) spent $40.7M on capital expenditures (CapEx) during TTM through Q1 2026, roughly 0.5% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does Franklin Resources (BEN) generate?

Franklin Resources (BEN) generated $930M in free cash flow during TTM through Q1 2026, a free-cash-flow margin of 10.3%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of Franklin Resources (BEN)?

Franklin Resources (BEN) had an effective tax rate of 24.8% in TTM through Q1 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of Franklin Resources (BEN)?

Franklin Resources (BEN) reports revenue across 4 reportable product segments, led by Advisory & Management at 79.5% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

Where does Franklin Resources (BEN) generate most of its revenue?

UNITED STATES is the largest geographic market for Franklin Resources (BEN), accounting for 74.3% of revenue in the most recent annual filing. The complete regional split — including international markets and any Rest-of-World rollup — is shown in the revenue-by-geography table on this page.

How Franklin Resources Makes Money: 2026 Visual Revenue Map

Franklin Resources (BEN) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported April 28, 2026).

Franklin Resources (BEN) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for Franklin Resources (BEN), TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Advisory & Management	$7.18B	79.5%
Sales & Distribution	$1.52B	16.8%
Shareholder Service	$279M	3.1%
Service, Other	$55M	0.6%
Total	$9.03B	100%

Advisory & Management$7.18B
Sales & Distribution$1.52B
Shareholder Service$279M
Service, Other$55M
Total$9.03B

Franklin Resources (BEN) Revenue by Geography — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported regions changed mid-year.

Revenue contribution by geographic region for Franklin Resources (BEN), TTM through Q1 2026
Region	Revenue (USD)	% of total
UNITED STATES	$6.7B	74.3%
LUXEMBOURG	$1.38B	15.3%
Asia Pacific	$354M	3.9%
Europe, Middle East and Africa, Excluding Luxembourg	$311M	3.4%
Americas Excluding United States	$279M	3.1%
Total	$9.03B	100%

UNITED STATES
LUXEMBOURG
Asia Pacific
Europe, Middle East and Africa, Excluding Luxembourg
Americas Excluding United States
Total

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, Franklin Resources (BEN) reports revenue across 4 reportable product segments; the largest segment was Advisory & Management at 79.5%, followed by Sales & Distribution (16.8%) and Shareholder Service (3.1%). Geographically, UNITED STATES accounted for 74.3% of revenue, followed by LUXEMBOURG (15.3%) and Asia Pacific (3.9%).

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