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Franklin Templeton (BEN) earnings and revenue breakdown

Latest: Q4 FY26 · 8-K filed Nov 6, 2026

Q4 FY26 Revenue up 4% year over year to $2.4B · 16¢ of every $1 of revenue kept as net profit · operating margin 14.6%

Franklin Templeton made $2.4B in Q4 FY26 (+4% Y/Y): Investment management fees $1.9B, Sales and distribution fees $404M, Shareholder servicing fees $75.2M. Operating margin 14.6%, net earnings $380M. See where every dollar goes — costs, profit and cash — as a Sankey from the 8-K filed Nov 6, 2026 (preliminary, from the earnings release).

Revenue$2.4B
Year over year+4%
Operating margin14.6%
Net earnings$380M
Operating cash flow—

Drawing the Sankey…

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Franklin Templeton Q4 FY26 revenue breakdown: Sankey diagram of revenue (Investment management fees, Sales and distribution fees, Shareholder servicing fees, Other), costs, profit and cash flow
Franklin Templeton Q4 FY26 revenue breakdown — free to use with credit and a link (terms). Share on X
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What changed this quarter

Revenue was $2.4B in Q4 FY26, up 4% year over year and up 3% from the previous quarter. Investment management fees was the largest line at 80% of revenue. Investment management fees added $0.08B year over year (up 4%), 85% of the total change. Other declined 26%.

Operating profit was $0.36B, a 14.6% margin (up 11.0 points year over year). Of the extra revenue versus Q4 FY25, 296% reached operating profit, above the 4% margin then. Total costs fell 8% while revenue rose 4%. Net earnings were $0.38B, up 223% year over year. The effective tax rate was 12.6%. Non-operating items added $0.28B, 44% of pre-tax earnings, so the bottom line overstates operating performance.

Quarterly history

Franklin Templeton revenue by quarterFranklin Templeton revenue by quarter$2.1BQ2 FY25$2.1BQ3 FY25$2.3BQ4 FY25$2.3BQ1 FY26$2.3BQ2 FY26$2.4BQ3 FY26$2.4BQ4 FY26
Franklin Templeton net earnings by quarterFranklin Templeton net earnings by quarter$151MQ2 FY25$92.3MQ3 FY25$118MQ4 FY25$256MQ1 FY26$268MQ2 FY26$172MQ3 FY26$380MQ4 FY26
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q4 FY268-KNov 6, 2026$2.4B+4%14.6%$380M—
Q3 FY2610-QJul 31, 2026$2.4B+14%9.2%$172M$581M
Q2 FY2610-QApr 28, 2026$2.3B+9%14.1%$268M−$27.6M
Q1 FY2610-QJan 30, 2026$2.3B+3%12.1%$256M−$255M
Q4 FY2510-KNov 10, 2025$2.3B+6%3.6%$118M−$20.7M
Q3 FY2510-QAug 1, 2025$2.1B-3%7.5%$92.3M$1.3B
Q2 FY2510-QMay 2, 2025$2.1B-2%6.9%$151M−$50.1M

Charts

Franklin Templeton: revenue growth, year over year and quarter over quarterFranklin Templeton: revenue growth, year over year and quarter over quarterY/YQ/Q-2%Q2 FY25-3%-2%Q3 FY25+6%+14%Q4 FY25+3%-1%Q1 FY26+9%-1%Q2 FY26+14%+3%Q3 FY26+4%+3%Q4 FY26
Latest (Q4 FY26): Y/Y +4%, Q/Q +3%.
Franklin Templeton: where the cash came from (+) and went (−), TTM to Q3 FY26Franklin Templeton: where the cash came from (+) and went (−), TTM to Q3 FY26Other investing−$3.7BOther financing$2.8BPartners$1.0BDividends−$694MNet borrowing (+) / repaid (−)$650MBuybacks−$512MOperating cash flow$278MCash drawn (+) / kept (−)$196MAcquisitions−$78.6MCapital spending−$46.2MExchange rates−$37.5MShares issued$26.9M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Franklin Templeton: profit against cash, quarter by quarterFranklin Templeton: profit against cash, quarter by quarterNet incomeOperating cash flow−$55.7M$558MQ4 FY24$232M−$145MQ1 FY25$11.6M−$50.1MQ2 FY25$117M$1.3BQ3 FY25$188M−$20.7MQ4 FY25$347M−$255MQ1 FY26$347M−$27.6MQ2 FY26$255M$581MQ3 FY26
Latest (Q3 FY26): Net income $255M, Operating cash flow $581M.
Franklin Templeton: diluted shares by fiscal yearFranklin Templeton: diluted shares by fiscal year492MFY20491MFY21489MFY22491MFY23510MFY24517MFY25
+5.1% since FY20: more shares outstanding (issuance, stock pay).
Franklin Templeton in its industry: growth against margin (43 companies, SIC 6282)Franklin Templeton in its industry: growth against margin (43 companies, SIC 6282)revenue growth, year over year →↑ operating marginmedian +8%median 21%KKRAMPAPOBXTROWIVZBAMARESAlliancebernstein L.P.TPGEVRLAZOWLSTEPHLIMORNAMGFHIVCTRPJTCGAPAMLCLNHLNEVRTSAAMICNSGCMGOAK-PARPCABXALTIPSRILYSAMGWHGHKHCMLCIHNNAVALUILLRGROWBEN (+4%, 15%)
Investment Advice; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

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Customers and suppliers named in filings

Sells to

About Franklin Templeton

Franklin Resources, Inc. (“Franklin”) is a holding company with subsidiaries operating under our Franklin Templeton® and/or subsidiary brand names. Franklin’s common stock is traded on the New York Stock Exchange (the “NYSE”) under the ticker symbol “BEN” and is included in the Standard & Poor’s 500 Index. In this Annual Report, Franklin and its subsidiaries are collectively referred to as the “Company,” and words such as “we,” “us,” “our” and similar terms refer to the Company. We have one operating segment, investment management and related services.

In its own words, from its 10-K, filed Nov 10, 2025.

Franklin Templeton against its Investment Advice peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +4% against the peers' median +6%. Operating margin: 14.6% against the peers' median 24.0%.

CompanyQuarterRevenueY/YOp. margin
BEN Franklin TempletonQ4 FY26$2.4B+4%14.6%
KKR KKRQ2 2026$5.7B+12%24.0%
AMP Ameriprise FinancialQ3 2026$5.2B+6%28.9%
APO Apollo Global ManagementQ3 2026$4.7B-52%-30.9%
BX BlackstoneQ3 2026$3.1B-0.8%46.9%
TROW Price T Rowe GroupQ3 2026$2.0B+6%38.4%
IVZ InvescoQ3 2026$1.9B+14%23.3%
BAM Brookfield Asset ManagementQ2 2026$1.8B+61%62.4%
ARES Ares ManagementQ3 2026$1.3B+9%13.1%

Source: Franklin Templeton 8-K on SEC EDGAR · CIK 38777 · Investment Advice

13F: who owns BEN and who is buying

Largest holders of BEN (13F)Largest holders of BEN (13F)BlackRock$962MVanguard Group$887MPower Corp of Canada$843MVanguard Capital Management LLC$670MState Street$663MVanguard Portfolio Management LLC$457MInvesco$402MDimensional Fund Advisors LP$340MGeode Capital Management, LLC$263MGoldman Sachs Group$241M
Funds' net buying of BEN by quarter (13F)Funds' net buying of BEN by quarter (13F)−$62.5M2024-09$121M2024-12$150M2025-03$271M2025-06−$576M2025-09$170M2025-12$372M2026-03−$622M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on BEN

History

Every quarter: Q4 FY26 results · Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results · Q3 FY25 results · Q2 FY25 results

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中文版：Franklin Templeton（BEN）财报

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