Franklin Resources, Inc. (BEN)

Franklin Resources Income Statement

Financials in millions USD. Fiscal year is October - September.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Operating Revenue	8,433	8,433	7,809	8,225	8,388	5,539
Other Revenue	45.5	45.5	40.1	50.5	37.2	27.7
Revenue	8,478	8,478	7,849	8,275	8,426	5,567
Revenue Growth (YoY)	8.01%	8.01%	-5.15%	-1.78%	51.36%	-1.82%
Cost of Revenue	5,257	5,257	4,709	4,756	4,861	3,326
Gross Profit	3,221	3,221	3,140	3,520	3,565	2,240
Selling, General & Admin	1,649	1,649	1,299	1,284	1,237	886.6
Operating Expenses	1,987	1,987	1,640	1,566	1,469	940.6
Operating Income	1,234	1,234	1,500	1,954	2,095	1,300
Interest Expense	-97.2	-97.2	-123.7	-98.2	-85.4	-33.4
Interest & Investment Income	326.8	326.8	275.7	37.9	438.7	133.4
Earnings From Equity Investments	137.5	137.5	45.4	36.2	154.3	-98.1
Currency Exchange Gain (Loss)	-19.9	-19.9	-26.7	40.6	-11.9	-22.3
Other Non Operating Income (Expenses)	43.4	43.4	44.2	51.8	13.8	35.6
EBT Excluding Unusual Items	1,624	1,624	1,715	2,022	2,605	1,315
Merger & Restructuring Charges	-436.9	-436.9	-397.8	-179.6	-216.1	-250.6
Gain (Loss) on Sale of Investments	25	25	20.8	-112.8	59.7	-46.2
Asset Writedown	-389.2	-389.2	-	-	-	-
Other Unusual Items	-	-	-	-	-4.1	-
Pretax Income	823.2	823.2	1,338	1,729	2,444	1,018
Income Tax Expense	215.3	215.3	312.3	396.2	349.6	230.8
Earnings From Continuing Operations	607.9	607.9	1,026	1,333	2,095	787.1
Minority Interest in Earnings	-143.1	-143.1	-142.9	-41.3	-263.4	11.8
Net Income	464.8	464.8	882.8	1,292	1,831	798.9
Preferred Dividends & Other Adjustments	32.6	32.6	37.7	54.1	77.7	15.3
Net Income to Common	432.2	432.2	845.1	1,238	1,754	783.6
Net Income Growth	-47.35%	-47.35%	-31.67%	-29.45%	129.22%	-33.19%
Shares Outstanding (Basic)	510	510	490	489	490	492
Shares Outstanding (Diluted)	510	510	491	489	491	492
Shares Change (YoY)	3.97%	3.97%	0.31%	-0.26%	-0.37%	-2.36%
EPS (Basic)	0.85	0.85	1.72	2.53	3.58	1.59
EPS (Diluted)	0.85	0.85	1.72	2.53	3.57	1.59
EPS Growth	-50.68%	-50.68%	-32.02%	-29.13%	124.53%	-32.34%
Free Cash Flow	794.2	794.2	940.4	1,866	1,166	979.6
Free Cash Flow Per Share	1.56	1.56	1.92	3.81	2.38	1.99
Dividend Per Share	1.240	1.240	1.200	1.160	1.120	1.080
Dividend Growth	3.33%	3.33%	3.45%	3.57%	3.70%	3.85%
Gross Margin	37.99%	37.99%	40.00%	42.53%	42.31%	40.24%
Operating Margin	14.55%	14.55%	19.11%	23.61%	24.87%	23.35%
Profit Margin	5.10%	5.10%	10.77%	14.96%	20.81%	14.08%
Free Cash Flow Margin	9.37%	9.37%	11.98%	22.55%	13.84%	17.60%
EBITDA	1,688	1,688	1,946	2,331	2,406	1,428
EBITDA Margin	19.91%	19.91%	24.79%	28.17%	28.55%	25.65%
D&A For EBITDA	454.7	454.7	445.4	377.8	310.6	128.5
EBIT	1,234	1,234	1,500	1,954	2,095	1,300
EBIT Margin	14.55%	14.55%	19.11%	23.61%	24.87%	23.34%
Effective Tax Rate	26.15%	26.15%	23.34%	22.91%	14.30%	22.67%
Revenue as Reported	8,478	8,478	7,849	8,275	8,426	5,567

Source: S&P Capital IQ. Standard template. Financial Sources.