Franklin Resources (BEN) Operating Expenses (2009 - 2026)
Franklin Resources' (BEN) quarterly Operating Expenses came in at $2.0 billion in Q1 2026, little changed year-on-year from $2.0 billion in Q1 2025, and down 3.64% quarter-over-quarter from $2.0 billion in Q4 2025.
Franklin Resources (BEN) Operating Expenses (2009 - 2026) Analysis & Trends
Franklin Resources has disclosed Operating Expenses across 18 years of filings, most recently posting $2.0 billion for Q1 2026.
- Operating Expenses for Q1 2026 came in at $2.0 billion, changed 0.3% year-over-year; the trailing twelve-month figure through Mar 2026 was $8.2 billion (down 0.91% YoY), and the FY2025 annual result was $8.2 billion, up 1.19% from the prior year.
- Operating Expenses came in at $2.0 billion for Q1 2026 at Franklin Resources, down from $2.0 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $2.4 billion in Q3 2024 to a low of $1.6 billion in Q3 2022.
- The 5-year median for Operating Expenses is $1.9 billion (2024), against an average of $1.9 billion.
- Across the five-year window, Operating Expenses jumped 43.34% in 2024 and declined 4.39% in 2025, its largest moves.
- Franklin Resources' Operating Expenses stood at $1.8 billion in 2022, then increased by 0.65% to $1.8 billion in 2023, then grew by 13.9% to $2.0 billion in 2024, then increased by 0.66% to $2.0 billion in 2025, then decreased by 3.64% to $2.0 billion in 2026.
- The last three Operating Expenses figures came in at $2.0 billion (Q1 2026), $2.0 billion (Q4 2025), and $2.3 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 163.18 Bn | 153.56 Bn | - | 3.88 Bn |
| 2 | Blackstone | 96.85 Bn | 95.80 Bn | - | 2.26 Bn |
| 3 | Kkr | 86.45 Bn | 133.96 Bn | - | 3.87 Bn |
| 4 | Apollo Global Management | 82.30 Bn | 101.04 Bn | 5.04 Bn | 4.68 Bn |
| 5 | State Street | 46.95 Bn | 21.27 Bn | - | 2.81 Bn |
| 6 | Ameriprise Financial | 43.65 Bn | 43.52 Bn | 4.57 Bn | 3.67 Bn |
| 7 | Northern Trust | 31.92 Bn | 31.92 Bn | - | 1.51 Bn |
| 8 | Raymond James Financial | 30.62 Bn | 19.37 Bn | - | 3.12 Bn |
| 9 | Ares Management | 29.04 Bn | 32.41 Bn | - | 1.17 Bn |
| 10 | Franklin Resources | 17.12 Bn | 18.53 Bn | 1.75 Bn | 1.97 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.97 Bn |
| Dec 31, 2025 | 2.05 Bn |
| Sep 30, 2025 | 2.26 Bn |
| Jun 30, 2025 | 1.91 Bn |
| Mar 31, 2025 | 1.97 Bn |
| Dec 31, 2024 | 2.03 Bn |
| Sep 30, 2024 | 2.36 Bn |
| Jun 30, 2024 | 1.90 Bn |
| Mar 31, 2024 | 2.02 Bn |
| Dec 31, 2023 | 1.78 Bn |
| Sep 30, 2023 | 1.65 Bn |
| Jun 30, 2023 | 1.65 Bn |
| Mar 31, 2023 | 1.67 Bn |
| Dec 31, 2022 | 1.77 Bn |
| Sep 30, 2022 | 1.59 Bn |
| Jun 30, 2022 | 1.63 Bn |
| Mar 31, 2022 | 1.62 Bn |
| Dec 31, 2021 | 1.67 Bn |
| Sep 30, 2021 | 1.65 Bn |
| Jun 30, 2021 | 1.69 Bn |