Franklin Resources (BEN) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter increased compared to both the immediately preceding quarter and the same quarter a year earlier. The sequential and year-over-year gains reflect a positive direction for the period.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q4
Revenue for the quarter increased compared to both the immediately preceding quarter and the same quarter a year earlier. The sequential and year-over-year gains reflect a positive direction for the period.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2B
Revenue reported for this quarter.
Quarter-over-quarter
+0.9%
Change from the immediately preceding quarter.
Year-over-year
+2.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$7.8B
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 |
|---|---|---|
| Dec 31, 2022 | $2B | -11.6% |
| Mar 31, 2023 | $1.9B | -7.4% |
| Jun 30, 2023 | $2B | -3.1% |
| Sep 30, 2023 | $2B | +2.4% |
Revenue performance
Revenue rose sequentially, building on the prior quarter's level, and also grew versus the year-ago period. The improvement marks a reversal from the year-over-year declines seen in the preceding three quarters.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was higher. When measured against the same quarter one year earlier, revenue also showed an increase.
What to watch
After several quarters of year-over-year declines, the quarter's year-over-year revenue change turned positive, warranting attention for sustained growth.