Franklin Resources BEN
NYSE BEN
$34.31 +0.34 (+1.00%)
At close: Aug 21, 2026 · 4:00 PM EDT

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
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