Franklin Resources (BEN) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter declined compared to both the prior quarter and the same quarter last year. The decrease reflects a continuation of the downward trend observed in recent periods.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q2
Revenue for the quarter declined compared to both the prior quarter and the same quarter last year. The decrease reflects a continuation of the downward trend observed in recent periods.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.9B
Revenue reported for this quarter.
Quarter-over-quarter
-2.0%
Change from the immediately preceding quarter.
Year-over-year
-7.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$7.9B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $2B | -6.5% |
| Sep 30, 2022 | $1.9B | -11.1% |
| Dec 31, 2022 | $2B | -11.6% |
| Mar 31, 2023 | $1.9B | -7.4% |
Revenue performance
The decline in total operating revenues was primarily attributable to decreases in investment management fees and sales and distribution fees, as detailed in the filing.
Quarterly comparison
Compared to the immediate prior quarter, revenue contracted. On a year-over-year basis, revenue also fell, with the decline more pronounced than in the same quarter a year earlier.
What to watch
Monitor whether the downward revenue trend persists in upcoming quarters.