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
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