Filing Flows › Comparisons › BX vs BEN
Blackstone vs Franklin Templeton: BX and BEN compared
Blackstone is the larger company: $3.1B of revenue in its latest quarter (Q3 2026) against $2.4B for Franklin Templeton (Q4 FY26). Franklin Templeton is growing faster (+4% against -0.8% a year earlier). Blackstone is more profitable, with an operating margin of 46.9% against 14.6%.
Where the money goes: BX and BEN
Blackstone (BX) · Q3 2026
Blackstone, Q3 2026: revenue $3.1B (-0.8% year over year), operating margin 46.9%, net earnings $662M, operating cash flow $2.0B. The chart follows the revenue to costs, profit and cash.
Franklin Templeton (BEN) · Q4 FY26
Franklin Templeton, Q4 FY26: revenue $2.4B (+4% year over year), operating margin 14.6%, net earnings $380M. The chart follows the revenue to costs, profit and cash.
| Blackstone (BX) | Franklin Templeton (BEN) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q4 FY26 |
| Revenue | $3.1B | $2.4B |
| Revenue growth, Y/Y | -0.8% | +4% |
| Operating margin | 46.9% | 14.6% |
| Net earnings | $662M | $380M |
| Net margin | 21.6% | 15.6% |
| Operating cash flow | $2.0B | — |
| Free cash flow | $1.9B | — |
| Market value | $95.6B | $17.4B |
| P/E | 13.9× | 15.3× |
| Analysts’ mean target | $138.86 | $35.62 |
Where the revenue comes from
Franklin Templeton
- Investment management fees: $1.9B (80%)
- Sales and distribution fees: $404M (17%)
- Shareholder servicing fees: $75.2M (3%)
- Other: $10.3M (0%)
Questions
Which is bigger, Blackstone or Franklin Templeton?
Blackstone is the larger company: $3.1B of revenue in its latest quarter (Q3 2026) against $2.4B for Franklin Templeton (Q4 FY26).
Is Blackstone or Franklin Templeton growing faster?
Franklin Templeton is growing faster (+4% against -0.8% a year earlier).
Which is more profitable, Blackstone or Franklin Templeton?
Blackstone is more profitable, with an operating margin of 46.9% against 14.6%.
More: Blackstone earnings · how Blackstone makes money · Franklin Templeton earnings · how Franklin Templeton makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 8-K filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.