Franklin BSP Capital (FRBP) Incentive Fees (2021 - 2026)
Franklin BSP Capital (FRBP) recorded Incentive Fees of $6.9 million in Q3 2026, down 15.0% from $8.12 million a year earlier but up 1.5% from the prior quarter.
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Analysis
Franklin BSP Capital (FRBP) Incentive Fees (2021 - 2026) Analysis & Trends
On a TTM basis, Franklin BSP Capital's Incentive Fees came in at $29.06 million as of Sep 30, 2026, down 15.1% year-over-year; for FY2025, it was $33.02 million, down 8.3% from FY2024.
- Annual Incentive Fees has a four-year compound annual growth rate of 161.0% (FY2021 to FY2025).
- Across earlier years, Incentive Fees came in at $36 million in FY2024 (+367.3%), $7.7 million in FY2023 (+63.2%), $4.72 million in FY2022 (+563.9%) and $711,000 in FY2021.
- Quarterly Incentive Fees has ranged from $493,000 in Q4 2021 to $9.4 million in Q2 2024 over the past five years.
- On a year-over-year basis, Incentive Fees has declined for six consecutive quarters, with growth averaging 44.6% over the last eight quarters.
- Peak year-over-year performance for Incentive Fees in the last five years was growth of 496.3% in Q3 2022, against a decline of 17.4% in Q1 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at $6.8 million (Q2 2026), $7.44 million (Q1 2026) and $7.92 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Incentive Fees (Qtr) |
|---|---|---|---|---|---|
| 1 | Royalty Pharma | 39.80 Bn | 40.13 Bn | - | - |
| 2 | Rocket Companies | 38.90 Bn | 27.72 Bn | - | - |
| 3 | Orix | 38.66 Bn | 9.30 Bn | 13.83 Bn | - |
| 4 | Federal National Mortgage Association Fannie Mae | 26.46 Bn | -16,107.65 Bn | - | - |
| 5 | Synchrony Financial | 22.47 Bn | -45.15 Bn | - | - |
| 6 | Affirm Holdings | 22.07 Bn | 15.11 Bn | - | - |
| 7 | Royal Gold | 21.71 Bn | 20.92 Bn | 402.46 Mn | - |
| 8 | Ares Capital | 13.84 Bn | 11.59 Bn | - | 82.00 Mn |
| 9 | Annaly Capital Management | 13.83 Bn | 4.86 Bn | - | - |
| 10 | Franklin BSP Capital | 1.00 Bn | 760.82 Mn | - | 6.90 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 6.90 Mn |
| Jun 30, 2026 | 6.80 Mn |
| Mar 31, 2026 | 7.44 Mn |
| Dec 31, 2025 | 7.92 Mn |
| Sep 30, 2025 | 8.12 Mn |
| Jun 30, 2025 | 7.93 Mn |
| Mar 31, 2025 | 9.00 Mn |
| Dec 31, 2024 | 9.16 Mn |
| Sep 30, 2024 | 8.82 Mn |
| Jun 30, 2024 | 9.40 Mn |
| Mar 31, 2024 | 8.70 Mn |
| Dec 31, 2023 | 1.70 Mn |
| Sep 30, 2023 | 2.11 Mn |
| Jun 30, 2023 | 2.05 Mn |
| Mar 31, 2023 | 1.81 Mn |
| Dec 31, 2022 | 1.72 Mn |
| Sep 30, 2022 | 1.30 Mn |
| Jun 30, 2022 | 900,000.00 |
| Mar 31, 2022 | 818,000.00 |
| Dec 31, 2021 | 493,000.00 |
API Access
Franklin BSP Capital Incentive Fees API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=incentive-fees&ticker=FRBP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "incentive-fees", "ticker": "FRBP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=incentive-fees&ticker=FRBP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();