Franklin Resources (BEN) Operating Expenses (2009 - 2026)
Franklin Resources (BEN) reported Operating Expenses of $2.0 billion for Q1 2026, little changed on a YoY basis from $2.0 billion in Q1 2025, and down 3.64% sequentially from $2.0 billion in Q4 2025.
Franklin Resources (BEN) Operating Expenses (2009 - 2026) Analysis & Trends
Franklin Resources (BEN) has 18 years of Operating Expenses data on file, last reported at $2.0 billion in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses changed 0.3% year-over-year to $2.0 billion; the trailing twelve-month figure through Mar 2026 stood at $8.2 billion (down 0.91% YoY), and the FY2025 full-year result was $8.2 billion, up 1.19% from the prior year.
- Operating Expenses declined to $2.0 billion in Q1 2026, 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.
- A 5-year average of $1.9 billion and a median of $1.9 billion in 2024 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses jumped 43.34% in 2024 and declined 4.39% in 2025, its largest moves.
- Tracing BEN's Operating Expenses over 5 years: stood at $1.8 billion in 2022, then grew by 0.65% to $1.8 billion in 2023, then climbed by 13.9% to $2.0 billion in 2024, then grew by 0.66% to $2.0 billion in 2025, then retreated by 3.64% to $2.0 billion in 2026.
- Business Quant data shows BEN's Operating Expenses at $2.0 billion in Q1 2026, $2.0 billion in Q4 2025, and $2.3 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield | 1,236.60 Bn | 1,311.20 Bn | 18.56 Bn | -14.14 Bn |
| 2 | BlackRock | 161.01 Bn | 148.08 Bn | - | 3.88 Bn |
| 3 | Blackstone | 97.77 Bn | 96.72 Bn | - | 2.26 Bn |
| 4 | Apollo Global Management | 70.80 Bn | 90.38 Bn | -409.00 Mn | 4.68 Bn |
| 5 | State Street | 51.30 Bn | 51.30 Bn | - | 2.81 Bn |
| 6 | Ameriprise Financial | 48.54 Bn | 39.27 Bn | 4.57 Bn | 3.67 Bn |
| 7 | Northern Trust | 32.93 Bn | 32.93 Bn | - | 1.51 Bn |
| 8 | Raymond James Financial | 32.59 Bn | 17.67 Bn | - | 3.12 Bn |
| 9 | Price T Rowe | 24.70 Bn | 21.13 Bn | - | 1.18 Bn |
| 10 | Franklin Resources | 16.77 Bn | 17.07 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 |