Franklin Resources, Inc.

BENNYSEFinancial Services● Active

$31.46

+$0.13(+0.40%)

Market Cap$16.3B

P/E Ratio—

52W High$32.44

52W Low$21.11

Avg Volume5.0M

Open$31.55

Beta1.59

Free Cash Flow Financials Revenue

Franklin Resources, Inc. (BEN) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

BEN · free cash flow · updated Jun 8, 2026

Core FCF metrics

BEN · FCF · TTM · margin & CAGR

Free cash flow was $911.6M for FY2025 (fiscal year ending 2025-09-30), up 14.8% year-over-year The FCF margin was 10.4%. Five-year CAGR stands at -1.4%.

FY2025 Free Cash Flow$911.6M▲ +14.8% YoY

Trailing 12M (TTM)$929.7Mtrailing 4 quarters sum

FCF Margin10.4%$911.6M ÷ revenue

3-Year CAGR-21.3%FY2022 → FY2025

5-Year CAGR-1.4%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

BEN · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$1.07B(155M)$911.6M▲ +14.8%10.4%

FY2024$971.3M(177M)$794.2M▼ 15.5%9.4%

FY2023$1.09B(149M)$940.4M▼ 49.6%12.0%

FY2022$1.96B(90M)$1.87B▲ +60.1%22.6%

FY2021$1.25B(79M)$1.17B▲ +19.0%13.8%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

BEN · P/FCF · FCF yield · FCF per share

Franklin Resources, Inc. (BEN) trades at a FCF yield of 5.69% and a price-to-free-cash-flow ratio of 17.4x. FCF per share stands at $1.81, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

5.69%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$1.81

TTM FCF ÷ Shares Outstanding

Price / FCF

x17.4

Share Price ÷ FCF per Share

EV / FCF (TTM)

x30.3

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-09-30

Cash flow statement summary

BEN · cash flow statement · operating / investing / financing

For FY2025, Franklin Resources, Inc. generated $1.07B in operating cash flow and spent 155M in capital expenditures, yielding $911.6M in free cash flow.

Operating Activities

+$1.07B

Cash from core business operations

2025-09-30

Investing Activities

−$2.34B

CapEx, acquisitions & investments

2025-09-30

Financing Activities

+$452.4M

Buybacks, dividends & debt

2025-09-30

FCF FormulaOperating CF ($1.07B) − |CapEx| (155M) = FCF ($911.6M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Financial Services)

BEN vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Franklin Resources, Inc.YOU

BEN

$911.6M+14.8%10.4%

Berkshire Hathaway Inc.

BRK-A

$25.04B+115.6%6.7%

25%

Berkshire Hathaway Inc.

Mastercard Incorporated

$16.91B+18.2%51.6%

17%

Financial Services · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Franklin Resources, Inc. (BEN) reported free cash flow of $911.6M for FY2025 (fiscal year ending 2025-09-30), up 14.8% year-over-year. The FCF margin was 10.4%.

Based on available data, Franklin Resources, Inc. has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $2.18B in FY2015. The 5-year CAGR stands at -1.4%.

Franklin Resources, Inc.'s FCF yield is 5.69% and price-to-FCF ratio is 17.4x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

BEN free cash flow · 8 questions

Franklin Resources, Inc. free cash flow was $911.6M for FY2025, up 14.8% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $929.7M.

BEN free cash flowBEN FCFBEN FCF 2025BEN free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Franklin Resources, Inc. · Franklin Resources, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026