Franklin Resources (BEN) Change in Taxes (2009 - 2025)

Franklin Resources (BEN) reported Change in Taxes of $20.3 million for Q4 2025, down 63.09% on a YoY basis from $55.0 million in Q4 2024, and down 67.68% sequentially from $62.8 million in Q3 2025.

Franklin Resources (BEN) Change in Taxes (2009 - 2025) Analysis & Trends

Franklin Resources (BEN) has 17 years of Change in Taxes data on file, last reported at $20.3 million in Q4 2025.

  • For the quarter ending Q4 2025, Change in Taxes fell 63.09% year-over-year to $20.3 million; the trailing twelve-month figure through Dec 2025 stood at -$216.2 million (down 47.78% YoY), and the FY2025 full-year result was -$181.5 million, down 94.33% from the prior year.
  • Change in Taxes eased to $20.3 million in Q4 2025, from $62.8 million in the prior quarter.
  • In the past five years, Change in Taxes ranged from a high of $174.5 million in Q4 2021 to a low of -$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.
  • Across the five-year window, Change in Taxes tumbled 520.87% in 2022 and soared 1621.05% in 2023, its largest moves.
  • Tracing BEN's Change in Taxes over 5 years: stood at $174.5 million in 2021, then fell by 9.0% to $158.8 million in 2022, then tumbled by 32.05% to $107.9 million in 2023, then slumped by 49.03% to $55.0 million in 2024, then plunged by 63.09% to $20.3 million in 2025.
  • Business Quant data shows BEN's Change in Taxes at $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 Brookfield 1,236.60 Bn 1,311.20 Bn 18.56 Bn -
2 BlackRock 161.01 Bn 148.08 Bn - -
3 Blackstone 97.77 Bn 96.72 Bn - -
4 Apollo Global Management 70.80 Bn 90.38 Bn -409.00 Mn -
5 State Street 51.30 Bn 51.30 Bn - -
6 Ameriprise Financial 48.54 Bn 39.27 Bn 4.57 Bn 240.00 Mn
7 Northern Trust 32.93 Bn 32.93 Bn - -
8 Raymond James Financial 32.59 Bn 17.67 Bn - -
9 Price T Rowe 24.70 Bn 21.13 Bn - -
10 Franklin Resources 16.77 Bn 17.07 Bn - -

Historic Data

Download Data
DateValue
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