Franklin Resources (BEN) 10-K Summary — Year Ended Sep 30, 2023
Franklin Resources, Inc. has filed its annual report. The filing does not contain a description of the company's business and reports lower financial results compared to the prior year.
Key takeaway
Year ended Sep 30, 2023 · FY2025 10-K
Franklin Resources, Inc. has filed its annual report. The filing does not contain a description of the company's business and reports lower financial results compared to the prior year.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$7.8B
Revenue reported for the fiscal year.
Operating income
$1.1B
Income from operations reported for the year.
Net income
$882.8M
Net income reported for the year.
Operating cash flow
$1.1B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2021 | $8.4B | n/a |
| Sep 30, 2022 | $8.3B | -1.8% |
| Sep 30, 2023 | $7.8B | -5.1% |
Business overview
The filing does not provide a description of the company's business. The business overview section only lists table of contents references.
Financial performance
Revenue, operating income, net income, and operating cash flow all decreased compared to the prior year. The multi-year trend shows revenue declining over the last several reported periods.
Material risks
The filing does not list specific risk factors. The risk factors section is only referenced as a table of contents item without any detailed text.
Liquidity and capital
Cash from operations decreased, while cash used for investing activities increased, primarily due to higher net purchases of investments and payments for acquisitions. Financing cash flows increased, partly from repurchase agreements and debt proceeds.
What to watch
Monitor whether operating cash flow continues to decline in the next annual report.