FRANKLIN RESOURCES INC

For the period ended Dec 31, 2024. Filed Jan 31, 2025.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Dec 31, 2024 · Filed Jan 31, 2025

BEN$36.29+1.2%Stored close · as of Nov 10, 2026

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Item 1. Consolidated Statements of Income

CONSOLIDATED STATEMENTS OF INCOME

	Three Months Ended December 31,
(in millions, except per share data)	2024	2023
Operating Revenues
Investment management fees	$1,799.3	$1,652.2
Sales and distribution fees	375.5	296.4
Shareholder servicing fees	63.5	32.5
Other	13.3	10.0
Total operating revenues	2,251.6	1,991.1
Operating Expenses
Compensation and benefits	991.4	968.3
Sales, distribution and marketing	512.3	400.8
Information systems and technology	156.0	131.0
Occupancy	75.1	66.7
Amortization of intangible assets	112.6	85.8
General, administrative and other	185.2	132.0
Total operating expenses	2,032.6	1,784.6
Operating Income	219.0	206.5
Other Income (Expenses)
Investment and other income, net	10.5	173.2
Interest expense	(23.1)	(18.8)
Investment and other income (losses) of consolidated investment products, net	114.1	(23.8)
Expenses of consolidated investment products	(7.3)	(5.9)
Other income, net	94.2	124.7
Income before taxes	313.2	331.2
Taxes on income	81.1	74.9
Net income	232.1	256.3
Less: net income (loss) attributable to
Redeemable noncontrolling interests	49.6	9.5
Nonredeemable noncontrolling interests	18.9	(4.5)
Net Income Attributable to Franklin Resources, Inc.	$163.6	$251.3
Earnings per Share
Basic	$0.29	$0.50
Diluted	0.29	0.50

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