Franklin Resources (BEN) FY2025 10-K Annual Report
Franklin Resources (BEN) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Nov 10, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Franklin Resources FY2025 10-K Analysis
Business Overview
- • Core business model: global investment management with $1.6 trillion AUM, offering equity, fixed income, alternatives, and multi-asset products
- • Emphasis on technology solutions and business innovation to meet evolving client goals and improve investment performance
- • Strategic focus on long-term investment performance and superior client service across retail, institutional, and high-net-worth segments
- • Broad product distribution via proprietary funds, ETFs, separate accounts, sub-advisory, and co-branded partnerships globally
- • Operating under a single segment, navigating complex global regulatory environments with adherence to compliance and reporting requirements
Management Discussion & Analysis
- • Insufficient MD&A content provided to summarize key financial metrics or outlook
Risk Factors
- • Regulatory risk: Compliance complexity under Rule 12b-1 Plans (Investment Company Act of 1940) affecting distribution fees from U.S. mutual funds
- • Geopolitical risk: 7% decline in Asia-Pacific AUM to $165.8B due to stronger U.S. dollar versus Asian currencies (AUD, CAD, INR, JPY)
- • Operational risk: Integration expenses from Putnam acquisition ongoing, impacting operating expenses and compensation costs
- • Competitive risk: Significant fixed income outflows at Western Asset Management (WAM) of $141.9B long-term net outflows in fiscal 2025
- • Financial risk: Amortization and impairment of intangible assets, including $200M impairment of WAM-related indefinite-lived intangible assets in fiscal 2025
Franklin Resources FY2025 Key Financial MetricsXBRL
Revenue
$8.8B
▲ +3.5% YoY
Net Income
$525M
▲ +12.9% YoY
Operating Margin
6.9%
▲ +208bp YoY
Net Margin
6.0%
▲ +50bp YoY
ROE
4.3%
▲ +63bp YoY
Total Assets
$32.4B
▼ -0.3% YoY
EPS (Diluted)
$0.91
▲ +7.1% YoY
Operating Cash Flow
$1.1B
▲ +9.8% YoY
Source: XBRL data from Franklin Resources FY2025 10-K filing on SEC EDGAR. All figures in USD.
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