Growth Metrics

Franklin Resources (BEN) Operating Expenses (2009 - 2026)

Franklin Resources recorded quarterly Operating Expenses of $2.0 billion in Q1 2026, down 3.64% quarter-over-quarter from $2.0 billion in Q4 2025, and little changed year-over-year from $2.0 billion in Q1 2025.

Franklin Resources' Operating Expenses history runs 18 years deep, the most recent figure standing at $2.0 billion for Q1 2026.

  • In Q1 2026, Operating Expenses changed 0.3% year-over-year to $2.0 billion; the TTM figure through Mar 2026 stood at $8.2 billion (down 0.91% YoY), while the FY2025 annual figure 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.
  • 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 surged 43.34% in 2024 and fell 4.39% in 2025, its largest moves.
  • Franklin Resources' Operating Expenses stood at $1.8 billion in 2022, then rose by 0.65% to $1.8 billion in 2023, then increased by 13.9% to $2.0 billion in 2024, then rose by 0.66% to $2.0 billion in 2025, then slipped by 3.64% to $2.0 billion in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $2.0 billion, $2.0 billion, and $2.3 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 BlackRock 158.51 Bn 148.89 Bn - 3.88 Bn
2 Blackstone 92.68 Bn 91.63 Bn - 2.26 Bn
3 Kkr 84.94 Bn 132.45 Bn - 3.87 Bn
4 Brookfield Asset Management 77.34 Bn 77.68 Bn - 733.00 Mn
5 Apollo Global Management 76.27 Bn 95.00 Bn 5.04 Bn 4.68 Bn
6 State Street 44.42 Bn 18.75 Bn - 2.81 Bn
7 Ameriprise Financial 41.68 Bn 41.55 Bn 4.57 Bn 3.67 Bn
8 Northern Trust 31.21 Bn 31.21 Bn - 1.51 Bn
9 Ares Management 28.85 Bn 32.22 Bn - 1.17 Bn
10 Franklin Resources 16.04 Bn 17.45 Bn 1.75 Bn 1.97 Bn

Historic Data

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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
Mar 31, 2021 1.62 Bn
Dec 31, 2020 1.59 Bn
Sep 30, 2020 1.60 Bn
Jun 30, 2020 928.60 Mn
Mar 31, 2020 971.30 Mn
Dec 31, 2019 1.02 Bn
Sep 30, 2019 1.05 Bn
Jun 30, 2019 1.10 Bn
Mar 31, 2019 1.05 Bn
Dec 31, 2018 1.00 Bn
Sep 30, 2018 1.02 Bn
Jun 30, 2018 1.06 Bn
Mar 31, 2018 1.06 Bn
Dec 31, 2017 1.03 Bn
Sep 30, 2017 1.06 Bn
Jun 30, 2017 1.05 Bn
Mar 31, 2017 1.05 Bn
Dec 31, 2016 973.90 Mn
Sep 30, 2016 1.03 Bn
Jun 30, 2016 1.04 Bn
Mar 31, 2016 1.08 Bn
Dec 31, 2015 1.10 Bn
Sep 30, 2015 1.16 Bn
Jun 30, 2015 1.23 Bn
Mar 31, 2015 1.25 Bn
Dec 31, 2014 1.28 Bn
Sep 30, 2014 1.32 Bn
Jun 30, 2014 1.34 Bn
Mar 31, 2014 1.31 Bn
Dec 31, 2013 1.30 Bn
Sep 30, 2013 1.25 Bn
Jun 30, 2013 1.31 Bn
Mar 31, 2013 1.28 Bn
Dec 31, 2012 1.22 Bn
Sep 30, 2012 1.19 Bn
Jun 30, 2012 1.14 Bn
Mar 31, 2012 1.18 Bn
Dec 31, 2011 1.07 Bn
Sep 30, 2011 1.15 Bn
Jun 30, 2011 1.17 Bn
Mar 31, 2011 1.12 Bn
Dec 31, 2010 1.04 Bn
Sep 30, 2010 1.02 Bn
Jun 30, 2010 1.01 Bn
Mar 31, 2010 951.98 Mn
Dec 31, 2009 910.43 Mn
Sep 30, 2009 854.21 Mn
Jun 30, 2009 747.37 Mn
Mar 31, 2009 688.95 Mn