Franklin Resources (BEN) Change in Taxes (2009 - 2025)
Franklin Resources (BEN) posted quarterly Change in Taxes of $20.3 million for Q4 2025, down 63.09% year-over-year from $55.0 million in Q4 2024, and down 67.68% on a QoQ basis from $62.8 million in Q3 2025.
Franklin Resources (BEN) Change in Taxes (2009 - 2025) Analysis & Trends
Franklin Resources has reported Change in Taxes for 17 years, with the latest figure at $20.3 million in Q4 2025.
- Change in Taxes for Q4 2025 came in at $20.3 million, down 63.09% year-over-year; the trailing twelve-month figure through Dec 2025 was -$216.2 million (down 47.78% YoY), and the FY2025 annual result was -$181.5 million, down 94.33% from the prior year.
- Change in Taxes retreated to $20.3 million in Q4 2025, from $62.8 million in the prior quarter.
- Over five years, Change in Taxes peaked at $174.5 million in Q4 2021 and troughed at -$321.3 million in Q1 2025.
- A 5-year average of -$29.2 million and a median of $21.2 million in 2025 frame the typical range for Change in Taxes.
- The widest annual swing landed in 2022, when Change in Taxes sank 520.87%; it then soared 1621.05% in 2023.
- A 5-year view of Change in Taxes shows it stood at $174.5 million in 2021, then slipped by 9.0% to $158.8 million in 2022, then plunged by 32.05% to $107.9 million in 2023, then tumbled by 49.03% to $55.0 million in 2024, then sank by 63.09% to $20.3 million in 2025.
- Per Business Quant data, the three most recent Change in Taxes figures were $20.3 million in Q4 2025, $62.8 million in Q3 2025, and $22.0 million in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 179.54 Bn | 165.67 Bn | - | - |
| 2 | Blackstone | 114.83 Bn | 112.32 Bn | - | - |
| 3 | Kkr | 97.26 Bn | -179.81 Bn | - | - |
| 4 | Brookfield | 93.07 Bn | 45.66 Bn | - | - |
| 5 | Brookfield Asset Management | 83.46 Bn | 81.96 Bn | - | - |
| 6 | Apollo Global Management | 78.41 Bn | 53.04 Bn | 10.54 Bn | - |
| 7 | State Street | 51.66 Bn | 51.66 Bn | - | - |
| 8 | Ameriprise Financial | 51.12 Bn | 40.07 Bn | 4.72 Bn | -646.00 Mn |
| 9 | Raymond James Financial | 33.99 Bn | 20.74 Bn | - | - |
| 10 | Franklin Resources | 17.67 Bn | 13.96 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 20.30 Mn |
| Dec 31, 2025 | 20.30 Mn |
| Sep 30, 2025 | 62.80 Mn |
| Sep 30, 2025 | 62.80 Mn |
| Jun 30, 2025 | 22.00 Mn |
| Jun 30, 2025 | 22.00 Mn |
| Mar 31, 2025 | -321.30 Mn |
| Mar 31, 2025 | -321.30 Mn |
| Dec 31, 2024 | 55.00 Mn |
| Dec 31, 2024 | 55.00 Mn |
| Sep 30, 2024 | 34.40 Mn |
| Sep 30, 2024 | 34.40 Mn |
| Jun 30, 2024 | 49.40 Mn |
| Jun 30, 2024 | 49.40 Mn |
| Mar 31, 2024 | -285.10 Mn |
| Mar 31, 2024 | -285.10 Mn |
| Dec 31, 2023 | 107.90 Mn |
| Dec 31, 2023 | 107.90 Mn |
| Sep 30, 2023 | 57.80 Mn |
| Sep 30, 2023 | 57.80 Mn |