Stocks · Financial Services · Asset Management
Franklin Resources, Inc. BEN
$32.81 +0.95% Close, Oct 2, 2026 · NYSE · Market cap $17.05B
Strong trendHigh risk
Next earnings report: Nov 6, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Diluted EPS over the last four quarters was $1.50, up 188.5% year over year.
- Net debt is 7.7× EBITDA, a high level of leverage.
- Earnings beat analyst estimates in each of the last 5 quarters (average surprise over the last four: +20.5%).
PromtFinance scores
Each score is a percentile within the Financial Services sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
Growth47Neutral
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 45%
- EPS growth (TTM, YoY)Top 5%
- FCF growth (TTM, YoY)Bottom 7%
- Revenue growth, 3-year CAGRBottom 11%
- Revenue growth accelerationTop 20%
Quality32Weak
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 44%
- Gross marginTop 43%
- Operating marginBottom 21%
- Cash conversion (OCF / net income)Bottom 22%
- Accruals (lower is better)Bottom 20%
- Net debt / EBITDA (lower is better)Bottom 17%
- Interest coverTop 14%
Value38Weak
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 39%
- Free-cash-flow yieldBottom 27%
- EBITDA / enterprise valueBottom 45%
- Sales / enterprise valueTop 49%
- P/E vs own 5-year history (lower is better)Bottom 45%
Momentum87Strong
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 9%
- 6-month returnTop 5%
- 1-year return vs S&P 500Top 9%
- Distance from 52-week highTop 47%
- Trend checklist (0–4)Top 48%
Revisions50Neutral
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 14%
- Consecutive EPS beatsTop 24%
- Share of analysts rating BuyBottom 16%
- Upside to consensus price targetBottom 22%
Stability12Very weak
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 38%
- Maximum drawdown, 3 yearsBottom 21%
- Beta vs S&P 500 (lower is better)Bottom 19%
- Net debt / EBITDA (lower is better)Bottom 17%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 3.8% | 7.9% | ↑ |
| EPS growth (YoY) | 94.2% | 188.5% | ↑ |
| Gross margin | 79.9% | 67.6% | ↓ |
| Operating margin | 4.3% | 9.7% | ↑ |
| FCF margin | 16.8% | 2.4% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 7.9% | 3.8% | ↑ | Top 45% |
| EPS growth (TTM, YoY) | 188.5% | 94.2% | ↑ | Top 5% |
| Gross margin | 67.6% | 79.9% | ↓ | Top 43% |
| Operating margin | 9.7% | 4.3% | ↑ | Bottom 21% |
| Net margin | 9.6% | 3.7% | ↑ | — |
| Free-cash-flow margin | 2.4% | 16.8% | ↓ | — |
| Return on invested capital | 1.9% | — | Top 44% | |
| Revenue growth, 3-year CAGR | 2.0% | — | Bottom 11% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 0.30×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- 1.7%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 2.1%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -17.0 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 7.68×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 10.2×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 4.03%
- Net buyback yield (TTM)
- 3.16%
- Shareholder yield
- 7.19%
- Share count change, 1 year
- -0.1%
- Share count change, 3-year CAGR
- +1.6%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jul 31, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 5
- Beats in the last 8 reports
- 6 of 8
- Average EPS surprise, last 4
- +20.5%
- Average 2-day reaction, last 8
- +2.7%
- Positive 20 days after report
- 8 of 8
Analysts
- Consensus price target
- $34.80
- Target vs current price
- +6.1%
- Analysts with a rating
- 27
- Share rating Buy or Strong Buy
- 22%
- Consensus rating
- Hold
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 31, 2026 | +9.4% | +2.1% | +2.5% | +5.0% | — |
| Apr 28, 2026 | +29.1% | +6.9% | +7.7% | +14.9% | +17.1% |
| Jan 30, 2026 | +27.3% | +2.9% | +4.0% | +2.6% | +6.5% |
| Nov 7, 2025 | +16.1% | -4.4% | -4.1% | +0.6% | +19.7% |
| Aug 1, 2025 | +1.5% | -0.2% | +3.6% | +6.4% | -4.8% |
| May 2, 2025 | -0.8% | +7.0% | +11.2% | +15.5% | +31.2% |
| Jan 31, 2025 | +5.4% | +10.4% | +2.2% | +0.5% | -7.0% |
| Nov 4, 2024 | -2.0% | -3.3% | +1.0% | +8.4% | +6.7% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 31, 2026 | $0.72 | $0.66 | +9.4% | $1.82B |
| Apr 28, 2026 | $0.71 | $0.55 | +29.1% | $1.75B |
| Jan 30, 2026 | $0.70 | $0.55 | +27.3% | $1.75B |
| Nov 7, 2025 | $0.67 | $0.58 | +16.1% | $2.34B |
| Aug 1, 2025 | $0.49 | $0.48 | +1.5% | $2.06B |
| May 2, 2025 | $0.47 | $0.47 | -0.8% | $2.11B |
| Jan 31, 2025 | $0.59 | $0.56 | +5.4% | $2.25B |
| Nov 4, 2024 | $0.59 | $0.60 | -2.0% | $2.21B |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 21.9× | 14.2× | 62th | Bottom 39% |
| P/E (forward) | 11.3× | — | — | — |
| EV / EBITDA | 17.8× | — | — | Bottom 45% |
| EV / Sales | 3.22× | — | — | Top 49% |
| Free-cash-flow yield | 1.31% | — | — | Bottom 27% |
| Earnings yield | 4.57% | — | — | Bottom 39% |
P/E over the past five years
Range 6.9× – 46.1× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- +45.6%
- Earnings per share growth (TTM)
- +188.5%
- Change in P/E multiple
- -51.0%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✓ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 124
- 50-day average slope (20 days)
- -0.0%
- 200-day average slope (20 days)
- +3.7%
- Distance from 50-day average
- -2.5%
- Distance from 200-day average
- +11.1%
- RSI (14)
- 45.9
- Relative volume
- 1.27×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 23.6%
- Volatility vs own 5-year history
- 9th percentile · Low for this stock
- Beta vs S&P 500 (2 years, weekly)
- 1.04
- Correlation with S&P 500
- 0.59
- Current drawdown from 1-year high
- -8.3%
- Maximum drawdown, 3 years
- -44.8%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Nov 2, 2021 | Apr 8, 2025 | -55.8% | 860 days | Not yet recovered |
| Oct 15, 2020 | Oct 28, 2020 | -21.1% | 9 days | 26 days (Dec 4, 2020) |
| Jun 4, 2021 | Jul 19, 2021 | -20.0% | 30 days | 75 days (Nov 2, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $17.05B
- P/E (TTM)
- 21.9
- EPS, diluted (TTM)
- $1.50
- Revenue (TTM)
- $9.32B
- Dividend yield
- 4.02%
- 52-week range
- $21.11 – $36.28
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $8.43B | $8.28B | $7.85B | $8.48B | $8.77B |
| Gross profit | $7.00B | $6.85B | $6.35B | $6.79B | $7.05B |
| Operating income | $1.88B | $1.77B | $1.10B | $407.6M | $604.1M |
| Net income | $1.83B | $1.29B | $882.8M | $464.8M | $524.9M |
| EPS (diluted) | $3.57 | $2.53 | $1.72 | $0.85 | $0.91 |
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.21B | $2.25B | $2.11B | $2.06B | $2.34B | $2.33B | $2.29B | $2.36B |
| Net income | -$84.7M | $163.6M | $151.4M | $92.3M | $117.6M | $255.5M | $346.6M | $171.5M |
| EPS (diluted) | -$0.18 | $0.29 | $0.26 | $0.15 | $0.21 | $0.46 | $0.52 | $0.31 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $1.25B | $1.96B | $1.09B | $971.3M | $1.07B |
| Capital expenditure | -$79.3M | -$90.3M | -$148.8M | -$177.1M | -$154.5M |
| Free cash flow | $1.17B | $1.87B | $940.4M | $794.2M | $911.6M |
| Dividends paid | -$559.7M | -$583.1M | -$607.3M | -$656.4M | -$683.7M |
| Net share buybacks | -$185.9M | -$155.7M | -$58.2M | -$248.3M | -$216.2M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $3.76B
- Total assets
- $36.28B
- Total liabilities
- $23.32B
- Total debt
- $16.71B
- Net debt
- $12.95B
- Shareholders’ equity
- $11.74B
As of Jun 30, 2026 (filed Jul 31, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 30, 2026 | $0.33 | Oct 9, 2026 |
| Jun 29, 2026 | $0.33 | Jul 10, 2026 |
| Mar 31, 2026 | $0.33 | Apr 10, 2026 |
| Dec 30, 2025 | $0.33 | Jan 9, 2026 |
| Sep 30, 2025 | $0.32 | Oct 10, 2025 |
| Jun 27, 2025 | $0.32 | Jul 11, 2025 |
| Mar 31, 2025 | $0.32 | Apr 11, 2025 |
| Dec 30, 2024 | $0.32 | Jan 10, 2025 |
Short interest
- Shares sold short
- 16,576,135
- Days to cover
- 5.20
- Change vs previous report
- +1.8%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Jul 26, 2013
- 3-for-1
- Jan 16, 1998
- 2-for-1
- Jan 15, 1997
- 3-for-2
- Apr 15, 1992
- 2-for-1
- Jan 16, 1990
- 3-for-2