Franklin Resources (BEN) Revenue — Quarter Ended Jun 30, 2024
Revenue declined relative to the immediately preceding quarter but rose compared with the same quarter one year earlier. The decrease from the prior quarter reflects a sequential pullback after a period of growth.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q3
Revenue declined relative to the immediately preceding quarter but rose compared with the same quarter one year earlier. The decrease from the prior quarter reflects a sequential pullback after a period of growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.1B
Revenue reported for this quarter.
Quarter-over-quarter
-1.4%
Change from the immediately preceding quarter.
Year-over-year
+7.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$8.3B
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 |
|---|---|---|
| Sep 30, 2023 | $2B | +2.4% |
| Dec 31, 2023 | $2B | +1.2% |
| Mar 31, 2024 | $2.2B | +11.7% |
| Jun 30, 2024 | $2.1B | +7.8% |
Revenue performance
Reported revenue was lower than in the previous quarter, marking a sequential downturn. However, on a year-over-year basis, revenue was higher, indicating sustained expansion relative to the prior year.
Quarterly comparison
Compared with the immediately preceding quarter, revenue decreased. Versus the same quarter one year earlier, revenue increased.
What to watch
Monitor whether the sequential decline extends into the next quarter or stabilizes.