Financials Franklin Resources, Inc.

Equities

BEN

US3546131018

Investment Management & Fund Operators

Market Closed - Nyse Other stock markets 21:00:02 06/02/2026 GMT			5-day change	1st Jan Change
27.20 ^USD	+1.08%		+2.18%	+13.86%

02-04	Franklin Resources announces preliminary month-end assets under management	RE
02-03	Franklin Resources Raises Quarterly Dividend to $0.33 a Share From $0.32, Payable April 10 to Holders on Record March 31	MT

Projected Income Statement: Franklin Resources, Inc.

Fiscal Period: September	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	8,426	8,275	7,849	8,478	8,771	8,992	9,135	8,809
Change	-	-1.78%	-5.15%	8.01%	3.45%	2.52%	1.59%	-3.57%
EBITDA ¹	2,690	2,701	2,269	2,168	2,172	2,401	2,495	2,431
Change	-	0.42%	-16%	-4.47%	0.19%	10.53%	3.92%	-2.56%
EBIT ¹	2,379	2,324	1,824	1,713	1,640	1,897	2,171	2,327
Change	-	-2.35%	-21.51%	-6.07%	-4.26%	15.68%	14.4%	7.23%
Interest Paid ¹	-85.4	-98.2	-123.7	-97.2	-94.9	-96.19	-90.93	-113.4
Earnings before Tax (EBT) ¹	2,444	1,729	1,416	823.2	786.8	1,341	1,408	1,203
Change	-	-29.24%	-18.14%	-41.85%	-4.42%	70.49%	4.97%	-14.59%
Net income ¹	1,831	1,292	882.8	464.8	524.9	842.5	1,010	1,108
Change	-	-29.45%	-31.67%	-47.35%	12.93%	60.51%	19.93%	9.69%
Announcement Date	01/11/21	01/11/22	31/10/23	04/11/24	07/11/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: September	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4
Net sales ¹	2,076	2,173	2,181	2,224	2,081	2,031	1,939	1,967	1,927	1,969	1,986	1,991	2,153	2,123	2,211	2,252	2,111	2,064	2,344	2,327	2,227	2,269	2,306	2,274	2,190	2,265	2,244
Change	-	4.64%	0.37%	1.97%	-6.43%	-2.39%	-4.54%	1.45%	-2.03%	2.17%	0.87%	0.25%	8.12%	-1.39%	4.16%	1.83%	-6.23%	-2.24%	13.55%	-0.71%	-4.28%	1.88%	1.64%	-1.4%	-3.71%	3.44%	-0.93%
EBITDA ¹	604.1	685.3	712.7	767	596.9	674.8	602.6	432.6	480.6	514.4	624.2	528.5	536	537.9	565.4	555.6	632.7	523.5	572.7	521.2	529	590.8	631.5	623.2	564.2	578.3	602.1
Change	-	13.44%	4%	7.62%	-22.18%	13.05%	-10.7%	-28.21%	11.1%	7.03%	21.35%	-15.33%	1.42%	0.35%	5.11%	-1.73%	13.88%	-17.26%	9.4%	-8.99%	1.49%	11.69%	6.88%	-1.3%	-9.47%	2.5%	4.12%
EBIT ¹	581.1	601.2	647.1	685.9	576.6	566.9	494.1	395.1	440.2	476.8	511.7	417	419.6	424.9	451.6	412.8	377.2	377.8	472.4	437.3	431	491.2	538	519.8	504.2	518.3	542.1
Change	-	3.46%	7.63%	6%	-15.94%	-1.68%	-12.84%	-20.04%	11.41%	8.31%	7.32%	-18.51%	0.62%	1.26%	6.28%	-8.59%	-8.62%	0.16%	25.04%	-7.43%	-1.44%	13.96%	9.52%	-3.37%	-3.01%	2.8%	4.59%
Charge d'intérêts ¹	-15.9	-25.7	-14.1	-19.3	-22.9	-28.9	-27.1	-30.9	-33.5	-34.9	-24.4	-18.8	-27.7	-25.7	-25	-23.1	-20.8	-25.8	-25.2	-20.4	-24.3	-24.5	-24.5	-22.75	-22.75	-22.75	-22.75
Earnings before Tax (EBT) ¹	613.5	555.4	738	695.9	466.2	313.1	254.2	229.1	431	332.1	423.5	331.2	238.1	300.1	-46.2	-	42.7	176.6	254.3	451.8	294.4	347.6	248.3	373.3	273.7	308.1	121.6
Change	-	-9.47%	32.88%	-5.7%	-33.01%	-32.84%	-18.81%	-9.87%	88.13%	-22.95%	27.52%	-21.79%	-28.11%	26.04%	-115.39%	-	-	313.58%	44%	77.66%	-34.85%	18.07%	-28.56%	50.34%	-26.68%	12.57%	-60.53%
Net income	381.8	438.4	665.7	453.2	349.6	256.4	232.7	165.6	194.2	227.5	295.5	-	124.2	174	-84.7	163.6	151.4	92.3	117.6	255.5	-	-	-	-	-	-	-
Change	-	14.82%	51.85%	-31.92%	-22.86%	-26.66%	-9.24%	-28.84%	17.27%	17.15%	29.89%	-	-	40.1%	-148.68%	293.15%	-7.46%	-39.04%	27.41%	117.26%	-	-	-	-	-	-	-
Announcement Date	04/05/21	03/08/21	01/11/21	01/02/22	03/05/22	28/07/22	01/11/22	30/01/23	01/05/23	28/07/23	31/10/23	29/01/24	29/04/24	26/07/24	04/11/24	31/01/25	02/05/25	01/08/25	07/11/25	30/01/26	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Franklin Resources, Inc.

Fiscal Period: September	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	-958	-759	-634	-529	-726	-306	263	-64.9
Change	-	20.77%	16.47%	16.56%	-37.24%	57.86%	185.95%	-124.68%
Announcement Date	01/11/21	01/11/22	31/10/23	04/11/24	07/11/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Franklin Resources, Inc.

Fiscal Period: September	2021	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	79.3	90.3	148.8	177.1	154.5	158	179	169
Change	-	13.87%	64.78%	19.02%	-12.76%	2.27%	13.29%	-5.59%
Free Cash Flow (FCF) ¹	1,166	1,866	989.9	794.2	911.6	754	875	969
Change	-	60.05%	-46.96%	-19.77%	14.78%	-17.29%	16.05%	10.74%
Announcement Date	01/11/21	01/11/22	31/10/23	04/11/24	07/11/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Franklin Resources, Inc.

Fiscal Period: September	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	31.93%	32.64%	28.91%	25.57%	24.76%	26.7%	27.31%	27.6%
EBIT Margin (%)	28.24%	28.08%	23.23%	20.21%	18.7%	21.1%	23.76%	26.42%
EBT Margin (%)	29.01%	20.9%	18.04%	9.71%	8.97%	14.92%	15.41%	13.65%
Net margin (%)	21.73%	15.61%	11.25%	5.48%	5.98%	9.37%	11.06%	12.58%
FCF margin (%)	13.84%	22.55%	12.61%	9.37%	10.39%	8.39%	9.58%	11%
FCF / Net Income (%)	63.68%	144.47%	112.13%	170.87%	173.67%	89.49%	86.6%	87.43%
Profitability
ROA	8.35%	7.11%	4.58%	4.08%	3.69%	3.61%	4.12%	3.4%
ROE	17.95%	16.35%	11.39%	10.45%	9.73%	9.96%	10.72%	10.4%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	0.11x	-
Debt / Free cash flow	-	-	-	-	-	-	0.3x	-
Capital Intensity
CAPEX / Current Assets (%)	0.94%	1.09%	1.9%	2.09%	1.76%	1.76%	1.96%	1.92%
CAPEX / EBITDA (%)	2.95%	3.34%	6.56%	8.17%	7.11%	6.58%	7.17%	6.95%
CAPEX / FCF (%)	6.8%	4.84%	15.03%	22.3%	16.95%	20.95%	20.46%	17.44%
Items per share
Cash flow per share ¹	2.747	3.999	2.188	-	-	-	-	-
Change	-	45.57%	-45.28%	-	-	-	-	-
Dividend per Share ¹	1.12	1.16	1.2	1.24	1.28	1.32	1.36	1.394
Change	-	3.57%	3.45%	3.33%	3.23%	3.13%	3.03%	2.5%
Book Value Per Share ¹	22.37	23.45	24.03	23.89	23.18	22.54	24.3	26.4
Change	-	4.85%	2.47%	-0.59%	-2.95%	-2.78%	7.81%	8.64%
EPS ¹	3.57	2.53	1.72	0.85	0.91	1.637	1.997	2.31
Change	-	-29.13%	-32.02%	-50.58%	7.06%	79.87%	22%	15.68%
Nbr of stocks (in thousands)	502,854	498,357	498,978	522,998	519,195	520,763	520,763	520,763
Announcement Date	01/11/21	01/11/22	31/10/23	04/11/24	07/11/25	-	-	-