Franklin Resources (BEN) Change in Taxes (2009 - 2025)
Franklin Resources' (BEN) quarterly Change in Taxes came in at $20.3 million in Q4 2025, down 63.09% year-on-year from $55.0 million in Q4 2024, and down 67.68% quarter-over-quarter from $62.8 million in Q3 2025.
Franklin Resources (BEN) Change in Taxes (2009 - 2025) Analysis & Trends
Franklin Resources has disclosed Change in Taxes across 17 years of filings, most recently posting $20.3 million for 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 came in at $20.3 million for Q4 2025 at Franklin Resources, down 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.
- The 5-year median for Change in Taxes is $21.2 million (2025), against an average of -$29.2 million.
- Across the five-year window, Change in Taxes sank 520.87% in 2022 and soared 1621.05% in 2023, its largest moves.
- Franklin Resources' Change in Taxes stood at $174.5 million in 2021, then retreated by 9.0% to $158.8 million in 2022, then slumped by 32.05% to $107.9 million in 2023, then sank by 49.03% to $55.0 million in 2024, then tumbled by 63.09% to $20.3 million in 2025.
- The last three Change in Taxes figures came in at $20.3 million (Q4 2025), $62.8 million (Q3 2025), and $22.0 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 163.18 Bn | 153.56 Bn | - | - |
| 2 | Blackstone | 96.85 Bn | 95.80 Bn | - | - |
| 3 | Kkr | 86.45 Bn | 133.96 Bn | - | - |
| 4 | Apollo Global Management | 82.30 Bn | 101.04 Bn | 5.04 Bn | - |
| 5 | State Street | 46.95 Bn | 21.27 Bn | - | - |
| 6 | Ameriprise Financial | 43.65 Bn | 43.52 Bn | 4.57 Bn | 240.00 Mn |
| 7 | Northern Trust | 31.92 Bn | 31.92 Bn | - | - |
| 8 | Raymond James Financial | 30.62 Bn | 19.37 Bn | - | - |
| 9 | Ares Management | 29.04 Bn | 32.41 Bn | - | - |
| 10 | Franklin Resources | 17.12 Bn | 18.53 Bn | 1.75 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 |