Franklin Resources (BEN) Revenue — Quarter Ended Dec 31, 2024
Revenue for the quarter increased compared to the prior quarter and rose sharply from the same period last year. The growth was supported by higher investment management fees and sales and distribution fees.
Key takeaway
Quarter ended Dec 31, 2024 · FY2025 Q1
Revenue for the quarter increased compared to the prior quarter and rose sharply from the same period last year. The growth was supported by higher investment management fees and sales and distribution fees.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.3B
Revenue reported for this quarter.
Quarter-over-quarter
+1.8%
Change from the immediately preceding quarter.
Year-over-year
+13.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$8.7B
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 |
|---|---|---|
| Mar 31, 2024 | $2.2B | +11.7% |
| Jun 30, 2024 | $2.1B | +7.8% |
| Sep 30, 2024 | $2.2B | +11.3% |
| Dec 31, 2024 | $2.3B | +13.1% |
Revenue performance
Total operating revenues moved higher, driven by gains in investment management fees and sales and distribution fees. Other revenue streams also contributed to the increase.
Quarterly comparison
Compared to the immediately preceding quarter, revenue showed a modest improvement. On a year-over-year basis, the increase was more pronounced, reflecting a stronger performance versus the same quarter a year earlier.
What to watch
Operating cash flows remained negative for the quarter, although the outflow narrowed compared to the prior year period.