Sales up 7.3%, free cash flow down to $816.2M
The latest figures
All key numbers (39) From EDGAR
| EPS (ttm) | 1.97 | Sales (ttm) | 9.4B | Net income (ttm) | 1.1B | Sales growth | +7.3% | EPS growth | +116% | Sales Q/Q | - |
| Free cash flow | 816.2M | Gross margin | - | Oper. margin | 12.5% | Net margin | 11.4% | FCF margin | 8.7% | ROE | 9.0% |
| ROA | 2.8% | R&D / sales | - | Dividend | 1.32 | Debt/Eq | 0.22 | Curr. ratio | - | Cash | 4.4B |
| Op. cash flow (ttm) | 836.7M | EBITDA | 1.3B | EBITDA margin | 13.7% | Net debt | -1.8B | Interest cover | 12.36 | ROIC | 6.4% |
| Payout ratio | 67.0% | Tax rate | 21.0% | Stock pay / sales | 2.1% | Shares out. | 511.2M | Shares Y/Y | -0.4% | Book / share | 23.27 |
| Cash / share | 8.59 | Sales / share | 18.42 | Asset turnover | 0.24 | Sales 3Y CAGR | +6.2% | Sales 5Y CAGR | +2.2% | EPS 3Y CAGR | +4.6% |
| EPS 5Y CAGR | -11.2% | Employees | 9,900 | Sales / employee | 951K |
Hover or tap a number to see the XBRL line item and filing it comes from; click it to open that filing at SEC. What each number means. Looks wrong? Tell us.
Changes in the numbers
FY2026 against FY2025-
Operating margin widened to 12.5%6.9% → 12.5% · Operating income / revenue · 10-K ↗
BEN against Financials peers
Ten years, side by side → · All 76 →Each side 0 to 100, ranked against every company we cover: relative position on reported figures, not a buy score. How
Every dot is one of the 76 companies, the better end on the right. Hover a dot for the company.
| Company | Revenue (ttm) | Sales growth | Gross margin | Net margin | ROE | FCF margin | Debt / equity |
|---|---|---|---|---|---|---|---|
| BEN Franklin Resources | $9.4B | +7.3% | - | 11.4% | 9.0% | 8.7% | 0.22 |
| HBAN Huntington Bancshares | $10.4B | +10.6% | - | 24.0% | 7.7% | 28.1% | 0.73 |
| WTW Willis Towers Watson | $10.3B | -2.2% | - | 15.2% | 20.1% | 17.0% | 0.84 |
| MTB M&T Bank | $10.0B | +4.4% | - | 30.2% | 10.7% | - | 0.71 |
| NDAQ Nasdaq, Inc. | $9.2B | +11.6% | 63.2% | 22.8% | 17.4% | 24.7% | 0.73 |
| CFG Citizens Financial Group | $8.9B | +5.6% | - | 25.4% | 9.0% | - | 0.71 |
Profitability
1 of 3- !Net margin below the peer median11.4% vs 20.4%
- !Return on equity below 15%9.0%
- ✓A profit in every one of 10 years
Cash and shareholders
1 of 2- !Share count up over 5 years+5.1%
- ✓Dividend per share up over 5 years$1.12 → $1.32
Each tick is a fact with a fixed rule (on /methodology), not a score or advice. A check without the numbers it needs is left out.
Revenue and net income, FY2017 to FY2026
Revenue 9.4B Net income 1.1BFrom XBRL in each 10-K. Hover a bar for the line item and filing. Full financials →
Where the $9.4B of revenue came from
by product, year to Sep 30, 2026- Investment management fees $7.5B · 79%
- Sales and distribution fees $1.6B · 17%
- Shareholder servicing fees $289.4M · 3%
- Other $53.3M · 1%
From the segment tables in the 10-K XBRL. Revenue by segment, product and region →
Income statement, balance sheet and cash flow
BEN's income statement, balance sheet and cash flow as reported to the SEC in XBRL, one column per fiscal year. Hover a number to see the line item and filing it comes from. Where a company changed how it tags a line, the first tag it reported for that period is used. A number looks wrong? Tell us.
Revenue by product or service
year to Sep 30, 2026| Revenue | Share | vs year before | |
|---|---|---|---|
| Investment management fees | 7.5B | 79.4% | +7.1% |
| Sales and distribution fees | 1.6B | 16.9% | +8.1% |
| Shareholder servicing fees | 289.4M | 3.1% | +9.4% |
| Other | 53.3M | 0.6% | +7.2% |
10-K 0000038777-26-000289, segment and revenue notes (XBRL).
Revenue by region
year to Sep 30, 2026| Revenue | Share | vs year before | |
|---|---|---|---|
| United States | 6.9B | 73.0% | +3.9% |
| Luxembourg | 1.6B | 16.6% | +20.3% |
| Asia-Pacific | 382.3M | 4.1% | +16.6% |
| Europe, Middle East and Africa, Excluding Luxembourg | 302.9M | 3.2% | +8.6% |
| Americas Excluding United States | 296.2M | 3.1% | +16.6% |
10-K 0000038777-26-000289, segment and revenue notes (XBRL).
Income statement
From EDGARBalance sheet
From EDGAR| FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash | 8.7B | 6.9B | 6.2B | 4.0B | 4.6B | 4.8B | 4.4B | 4.4B | 3.6B | 4.4B |
| Property & equipment | 517.2M | 535.0M | 683.7M | 813.8M | 770.0M | 743.3M | 800.1M | 946.4M | 949.1M | 870.8M |
| Goodwill | 1.7B | 1.8B | 2.1B | 4.5B | 4.5B | 5.8B | 6.0B | 6.2B | 6.2B | 6.3B |
| Total assets | 17.5B | 14.4B | 14.5B | 21.7B | 24.2B | 28.1B | 30.1B | 32.5B | 32.4B | 38.6B |
| Total debt | 1.0B | 695.9M | 696.9M | 3.0B | 3.4B | 3.4B | 3.1B | 2.8B | 2.4B | 2.6B |
| Total liabilities | 2.7B | 3.1B | 3.2B | 10.3B | 11.4B | 14.2B | 16.5B | 17.9B | 18.2B | 24.0B |
| Shareholders' equity | 12.6B | 9.9B | 9.9B | 10.1B | 11.2B | 11.5B | 11.9B | 12.5B | 12.1B | 11.9B |
| Retained earnings | 12.8B | 10.2B | 10.3B | 10.5B | 11.6B | 12.0B | 12.4B | 11.9B | 11.5B | 11.7B |
Cash flow
From EDGAR| FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 1.1B | 2.2B | 268.5M | 1.1B | 1.2B | 2.0B | 1.1B | 971.3M | 1.1B | 836.7M |
| Capital spending | 74.9M | 106.5M | 233.7M | 103.7M | 79.3M | 90.3M | 148.8M | 177.1M | 154.5M | 20.5M |
| Free cash flow | 1.1B | 2.1B | 34.8M | 979.6M | 1.2B | 1.9B | 940.4M | 794.2M | 911.6M | 816.2M |
| Stock-based pay (added back) | 123.4M | 117.8M | 111.5M | 122.3M | 171.9M | 208.2M | 182.6M | 246.1M | 214.8M | 197.2M |
| Dividends paid | 441.2M | 2.1B | 518.6M | 533.2M | 559.7M | 583.1M | 607.3M | 656.4M | 683.7M | 697.6M |
| Buybacks | 765.3M | 1.4B | 754.5M | 218.2M | 208.2M | 180.8M | 256.3M | 274.4M | 240.3M | 533.2M |
| Acquisitions | 14.0M | 86.8M | 493.5M | 3.8B | 9.0M | 1.4B | 500.5M | -175.1M | 0 | 81.2M |
| Debt raised | 0 | - | 0 | 0 | 1.2B | 0 | 0 | 0 | 300.0M | 1.6B |
| Debt repaid | 300.0M | 361.9M | 0 | 0 | 750.0M | 300.0M | 300.0M | 250.0M | 700.0M | 1.3B |
| Investing cash flow | 52.0M | -290.4M | -1.3B | -4.1B | -2.6B | -3.3B | -3.6B | -2.4B | -2.3B | -4.3B |
| Financing cash flow | -956.0M | -3.8B | 339.9M | 734.4M | 2.0B | 1.6B | 2.1B | 1.4B | 452.4M | 4.3B |
| Dividend per share | 0.80 | 3.92 | 1.04 | 1.08 | 1.12 | 1.16 | 1.20 | 1.24 | 1.28 | 1.32 |
Stock-based pay and leases
From EDGAR| FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Stock-based pay (expense) | 123.4M | 117.8M | 111.5M | 122.3M | 171.9M | 208.2M | 182.6M | 246.1M | 214.8M | 197.2M |
| Stock-based pay / revenue | 1.9% | 1.9% | 1.9% | 2.2% | 2.0% | 2.5% | 2.3% | 2.9% | 2.4% | 2.1% |
| Operating lease cost | - | - | - | 72.5M | 141.4M | 127.9M | 124.1M | 188.3M | 137.3M | 132.5M |
| Operating lease cash paid | - | - | - | 65.1M | 133.7M | 130.5M | 125.6M | 109.6M | 45.1M | 145.5M |
| Right-of-use assets | - | - | 0 | 534.8M | 448.4M | 464.5M | 406.3M | 823.3M | 764.3M | 760.1M |
| Operating lease liabilities | - | - | 0 | 621.0M | 518.4M | 528.4M | 467.8M | 965.1M | 1.0B | 977.9M |
From SEC's XBRL company facts (data.sec.gov). EBITDA = operating income + depreciation and amortization; free cash flow = operating cash flow - capital spending; total debt = long-term debt (with its current part) + short-term borrowings. Stock-based pay and leases are shown as the company reports them; Tickdelta does not take them out of earnings or add leases to debt. Click a number to open the filing in SEC's Inline XBRL viewer, where you can click the same number to see how it is tagged. Values a company later revised show as revised; the Revised numbers tab lists the changes.