Franklin Resources (BEN) Research & Development (2009 - 2026)
Franklin Resources' (BEN) quarterly Research & Development came in at $157.6 million in Q1 2026, down 0.69% year-on-year from $158.7 million in Q1 2025, and little changed quarter-over-quarter from $157.0 million in Q4 2025.
Franklin Resources (BEN) Research & Development (2009 - 2026) Analysis & Trends
Franklin Resources has disclosed Research & Development across 18 years of filings, most recently posting $157.6 million for Q1 2026.
- Research & Development for Q1 2026 came in at $157.6 million, down 0.69% year-over-year; the trailing twelve-month figure through Mar 2026 was $643.5 million (down 0.8% YoY), and the FY2025 annual result was $643.6 million, up 3.79% from the prior year.
- Research & Development came in at $157.6 million for Q1 2026 at Franklin Resources, roughly flat from $157.0 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $177.4 million in Q3 2024 to a low of $121.4 million in Q4 2022.
- The 5-year median for Research & Development is $155.1 million (2024), against an average of $144.7 million.
- Across the five-year window, Research & Development surged 38.27% in 2024 and retreated 6.31% in 2025, its largest moves.
- Franklin Resources' Research & Development stood at $121.4 million in 2022, then gained by 7.91% to $131.0 million in 2023, then grew by 19.08% to $156.0 million in 2024, then rose by 0.64% to $157.0 million in 2025, then increased by 0.38% to $157.6 million in 2026.
- The last three Research & Development figures came in at $157.6 million (Q1 2026), $157.0 million (Q4 2025), and $166.2 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (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 | - | 637.00 Mn |
| 6 | Ameriprise Financial | 43.65 Bn | 43.52 Bn | 4.57 Bn | - |
| 7 | Northern Trust | 31.92 Bn | 31.92 Bn | - | - |
| 8 | Raymond James Financial | 30.62 Bn | 19.37 Bn | - | 206.00 Mn |
| 9 | Ares Management | 29.04 Bn | 32.41 Bn | - | - |
| 10 | Franklin Resources | 17.12 Bn | 18.53 Bn | 1.75 Bn | 157.60 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 157.60 Mn |
| Dec 31, 2025 | 157.00 Mn |
| Sep 30, 2025 | 166.20 Mn |
| Jun 30, 2025 | 162.70 Mn |
| Mar 31, 2025 | 158.70 Mn |
| Dec 31, 2024 | 156.00 Mn |
| Sep 30, 2024 | 177.40 Mn |
| Jun 30, 2024 | 156.60 Mn |
| Mar 31, 2024 | 155.10 Mn |
| Dec 31, 2023 | 131.00 Mn |
| Sep 30, 2023 | 128.30 Mn |
| Jun 30, 2023 | 127.30 Mn |
| Mar 31, 2023 | 128.00 Mn |
| Dec 31, 2022 | 121.40 Mn |
| Sep 30, 2022 | 123.60 Mn |
| Jun 30, 2022 | 125.90 Mn |
| Mar 31, 2022 | 126.90 Mn |
| Dec 31, 2021 | 123.80 Mn |
| Sep 30, 2021 | 130.30 Mn |
| Jun 30, 2021 | 121.80 Mn |