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
DateValue
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