Franklin Resources (BEN) Revenue — Quarter Ended Dec 31, 2025
Revenue for the quarter was nearly unchanged from the preceding quarter, but rose compared with the same period last year. The slight sequential dip reflects a marginal decline, while the annual gain was supported by higher investment management and distribution fees.
Key takeaway
Quarter ended Dec 31, 2025 · FY2026 Q1
Revenue for the quarter was nearly unchanged from the preceding quarter, but rose compared with the same period last year. The slight sequential dip reflects a marginal decline, while the annual gain was supported by higher investment management 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
-0.7%
Change from the immediately preceding quarter.
Year-over-year
+3.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$8.8B
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 |
|---|---|---|
| Mar 31, 2025 | $2.1B | -1.9% |
| Jun 30, 2025 | $2.1B | -2.8% |
| Sep 30, 2025 | $2.3B | +6.0% |
| Dec 31, 2025 | $2.3B | +3.4% |
Revenue performance
Total operating revenues decreased fractionally from the prior quarter, driven by minor fluctuations across fee categories. Year-over-year, revenues increased due to higher investment management fees, sales and distribution fees, and shareholder servicing fees.
Quarterly comparison
Compared with the immediately preceding quarter, revenue was essentially flat with a slight negative change. Relative to the same quarter a year earlier, revenue posted a solid increase, reversing the declining trend seen in the preceding two quarters.
What to watch
Monitor whether operating cash flows, which turned more negative this quarter, indicate any underlying pressure on working capital.