BENFranklin Resources

Financials · Asset Management · NYSE

BEN and 9 peers, year by year

The 9 Financials companies closest to BEN in revenue over the last twelve months. Every number is from the 10-K and links to it in SEC's Inline XBRL viewer.

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Each company's latest fiscal year
Company	Year	Revenue	Sales growth	Gross margin	Operating margin	Net margin	FCF margin	Return on equity	Debt / equity
BEN Franklin Resources	FY2026	$9.4B	+7.3%	-	12.5%	11.4%	8.7%	9.0%	0.22
NDAQ Nasdaq, Inc.	FY2025	$8.3B	+11.6%	63.5%	28.2%	21.6%	24.1%	14.6%	0.74
CFG Citizens Financial Group	FY2025	$8.2B	+6.7%	-	-	22.2%	-	7.0%	0.43
MTB M&T Bank	FY2025	$9.7B	+7.5%	-	-	29.4%	-	9.8%	0.45
WTW Willis Towers Watson	FY2025	$9.7B	−2.3%	-	23.0%	16.5%	15.9%	20.1%	1.21
HBAN Huntington Bancshares	FY2025	$8.2B	+6.4%	-	-	27.1%	27.1%	9.1%	0.76
NTRS Northern Trust	FY2025	$8.1B	+6.1%	-	-	21.5%	67.5%	13.4%	-
MCO Moody's Corporation	FY2025	$7.7B	+8.9%	-	43.4%	31.9%	33.4%	60.7%	1.73
KEY KeyCorp	FY2025	$7.5B	+6.5%	-	-	24.3%	28.0%	9.0%	0.49
TROW T. Rowe Price	FY2025	$7.3B	+3.1%	-	29.9%	28.5%	20.2%	19.2%	-

Revenuepeer median $8.2B

Sales growthpeer median +6.5%

Operating marginpeer median 29.1%

MCO 43.4%
TROW 29.9%
NDAQ 28.2%
WTW 23.0%
BEN 12.5%
CFG -
MTB -
HBAN -
NTRS -
KEY -

Net marginpeer median 24.3%

FCF marginpeer median 27.1%

Return on equitypeer median 13.4%

Debt / equitypeer median 0.74

MCO 1.73
WTW 1.21
HBAN 0.76
NDAQ 0.74
KEY 0.49
MTB 0.45
CFG 0.43
BEN 0.22
NTRS -
TROW -

RevenueSales growthGross marginOperating marginNet marginFree cash flowFCF marginReturn on equityDebt / equityEPS (diluted)

Revenue, FY2017 to FY2026

Revenue as reported in the 10-K.

Company	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
BEN Sep	$6.4B	$6.3B	$5.8B	$5.6B	$8.4B	$8.3B	$7.8B	$8.5B	$8.8B	$9.4B
NDAQ Dec	$3.9B	$4.3B	$4.3B	$5.6B	$5.9B	$6.2B	$6.1B	$7.4B	$8.3B	-
CFG Dec	$5.7B	$6.1B	$6.5B	$6.9B	$6.6B	$8.0B	$8.2B	$7.8B	$8.2B	-
MTB Dec	$5.6B	$5.9B	$6.2B	$6.0B	$6.0B	$8.2B	$9.6B	$9.3B	$9.7B	-
WTW Dec	$8.2B	$8.5B	$8.4B	$8.6B	$9.5B	-	-	$9.9B	$9.7B	-
HBAN Dec	$4.3B	$4.5B	$4.7B	$4.8B	$6.0B	$7.3B	$7.4B	$7.4B	$8.2B	-
NTRS Dec	$5.4B	$6.0B	$6.1B	$6.1B	$6.5B	$6.8B	$6.8B	$8.3B	$8.1B	-
MCO Dec	$4.2B	$4.4B	$4.8B	$5.4B	$6.2B	$5.5B	$5.9B	$7.1B	$7.7B	-
KEY Dec	$6.3B	$6.5B	$6.4B	$6.7B	$7.3B	$7.3B	$6.4B	$4.6B	$7.5B	-
TROW Dec	$4.9B	$5.4B	$5.6B	$6.2B	$7.7B	$6.5B	$6.5B	$7.1B	$7.3B	-
Peer median	$5.4B	$5.9B	$6.1B	$6.1B	$6.5B	$7.0B	$6.6B	$7.4B	$8.2B	-

Sales growth, FY2017 to FY2026

Revenue against the fiscal year before.

Company	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
BEN Sep	−3.4%	−1.1%	−8.6%	−1.8%	+51.4%	−1.8%	−5.1%	+8.0%	+3.5%	+7.3%
NDAQ Dec	+6.6%	+8.3%	−0.4%	+32.1%	+4.6%	+5.8%	−2.6%	+22.0%	+11.6%	-
CFG Dec	+8.6%	+7.4%	+5.9%	−7.8%	+22.7%	−2.0%	−2.5%	+21.1%	+6.7%	-
MTB Dec	+6.4%	+5.3%	+4.4%	−3.8%	+0.6%	+36.5%	−2.7%	+3.8%	+7.5%	-
WTW Dec	+4.0%	+3.8%	+6.3%	+3.2%	+6.6%	-	-	+4.7%	−2.3%	-
HBAN Dec	+22.4%	+4.7%	+6.6%	−5.9%	+25.9%	+18.4%	+6.2%	+4.9%	+6.4%	-
NTRS Dec	+8.3%	+9.3%	+2.6%	+3.7%	+9.2%	+1.6%	−1.6%	+8.4%	+6.1%	-
MCO Dec	+16.6%	+5.7%	+8.7%	+11.2%	+15.8%	−12.1%	+8.2%	+19.8%	+8.9%	-
KEY Dec	+25.6%	+2.3%	−0.9%	+4.9%	+8.6%	−0.3%	−10.0%	+14.5%	+6.5%	-
TROW Dec	+13.3%	+10.7%	+4.6%	+10.5%	+23.6%	−15.4%	−0.4%	+9.8%	+3.1%	-
Peer median	+8.6%	+5.7%	+4.6%	+3.7%	+9.2%	+0.7%	−2.1%	+9.8%	+6.5%	-

Gross margin, FY2017 to FY2026

Gross profit / revenue.

Company	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
BEN Sep	-	-	-	-	-	-	-	-	-	-
NDAQ Dec	61.1%	59.1%	59.5%	51.6%	58.1%	57.5%	64.2%	62.8%	63.5%	-
CFG Dec	-	-	-	-	-	-	-	-	-	-
MTB Dec	-	-	-	-	-	-	-	-	-	-
WTW Dec	-	-	-	-	-	-	-	-	-	-
HBAN Dec	-	-	-	-	-	-	-	-	-	-
NTRS Dec	-	-	-	-	-	-	-	-	-	-
MCO Dec	-	-	-	-	-	-	-	-	-	-
KEY Dec	-	-	-	-	-	-	-	-	-	-
TROW Dec	-	-	-	-	-	-	-	-	-	-
Peer median	-	-	-	-	-	-	-	-	-	-

Operating margin, FY2017 to FY2026

Operating income / revenue.

Company	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
BEN Sep	35.4%	32.1%	25.4%	18.8%	22.3%	21.4%	14.0%	4.8%	6.9%	12.5%
NDAQ Dec	25.1%	24.0%	23.9%	21.9%	24.5%	25.1%	26.0%	24.3%	28.2%	-
CFG Dec	-	-	-	-	-	-	-	-	-	-
MTB Dec	-	-	-	-	-	-	-	-	-	-
WTW Dec	6.3%	9.5%	12.6%	10.0%	14.4%	-	-	6.3%	23.0%	-
HBAN Dec	-	-	-	-	-	-	-	-	-	-
NTRS Dec	-	-	-	-	-	-	-	-	-	-
MCO Dec	43.3%	42.0%	41.4%	44.5%	45.7%	34.4%	36.1%	40.6%	43.4%	-
KEY Dec	-	-	-	-	-	-	-	-	-	-
TROW Dec	43.4%	44.0%	42.5%	44.2%	48.4%	36.6%	30.7%	32.9%	29.9%	-
Peer median	34.2%	33.0%	32.6%	33.1%	35.1%	34.4%	30.7%	28.6%	29.1%	-

Net margin, FY2017 to FY2026

Net income / revenue.

Company	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
BEN Sep	26.5%	12.1%	20.7%	14.4%	21.7%	15.6%	11.2%	5.5%	6.0%	11.4%
NDAQ Dec	18.5%	10.7%	18.2%	16.6%	20.2%	18.1%	17.5%	15.1%	21.6%	-
CFG Dec	28.9%	28.1%	27.6%	15.3%	34.9%	25.8%	19.6%	19.3%	22.2%	-
MTB Dec	25.0%	32.4%	31.2%	22.7%	31.0%	24.4%	28.4%	27.9%	29.4%	-
WTW Dec	6.9%	8.2%	12.5%	11.6%	11.1%	-	-	−1.0%	16.5%	-
HBAN Dec	27.5%	30.9%	30.2%	17.0%	21.6%	30.9%	26.5%	26.3%	27.1%	-
NTRS Dec	22.3%	26.1%	24.6%	19.8%	23.9%	19.8%	16.3%	24.5%	21.5%	-
MCO Dec	23.8%	29.5%	29.4%	33.1%	35.6%	25.1%	27.2%	29.0%	31.9%	-
KEY Dec	20.5%	28.9%	26.8%	20.0%	36.0%	26.4%	15.1%	−3.5%	24.3%	-
TROW Dec	30.9%	34.2%	37.9%	38.2%	40.2%	24.0%	27.7%	29.6%	28.5%	-
Peer median	23.8%	28.9%	27.6%	19.8%	31.0%	24.7%	23.0%	24.5%	24.3%	-

Free cash flow, FY2017 to FY2026

Cash from operations minus capital spending.

Company	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
BEN Sep	$1.1B	$2.1B	$34.8M	$979.6M	$1.2B	$1.9B	$940.4M	$794.2M	$911.6M	$816.2M
NDAQ Dec	$765.0M	$917.0M	$836.0M	$1.1B	$920.0M	$1.6B	$1.5B	$1.7B	$2.0B	-
CFG Dec	$1.6B	$1.5B	$1.6B	-	-	-	-	-	-	-
MTB Dec	$2.7B	$2.0B	$2.2B	$617.2M	$2.6B	$4.4B	$3.6B	-	-	-
WTW Dec	$562.0M	$1.0B	-	-	$1.1B	-	-	$1.3B	$1.5B	-
HBAN Dec	$1.8B	$1.6B	$1.5B	$1.2B	$1.8B	$3.8B	$2.5B	$1.7B	$2.2B	-
NTRS Dec	$1.6B	$1.7B	$2.4B	$1.8B	$1.3B	$2.3B	$2.5B	−$587.5M	$5.5B	-
MCO Dec	$664.0M	$1.4B	$1.6B	$2.0B	$1.9B	$1.2B	$1.9B	$2.5B	$2.6B	-
KEY Dec	$1.7B	$2.4B	$2.8B	$1.6B	$1.1B	$4.4B	$2.8B	$599.0M	$2.1B	-
TROW Dec	$43.4M	$1.5B	$1.3B	$1.7B	$3.2B	$2.1B	$911.2M	$1.3B	$1.5B	-
Peer median	$1.6B	$1.5B	$1.6B	$1.6B	$1.5B	$2.3B	$2.5B	$1.3B	$2.1B	-

FCF margin, FY2017 to FY2026

Free cash flow / revenue.

Company	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
BEN Sep	16.6%	33.6%	0.6%	17.6%	13.8%	22.6%	12.0%	9.4%	10.4%	8.7%
NDAQ Dec	19.4%	21.4%	19.6%	18.9%	15.6%	25.0%	25.4%	23.4%	24.1%	-
CFG Dec	28.6%	25.0%	24.2%	-	-	-	-	-	-	-
MTB Dec	48.0%	33.6%	35.2%	10.4%	42.8%	53.3%	37.8%	-	-	-
WTW Dec	6.9%	12.0%	-	-	11.6%	-	-	12.8%	15.9%	-
HBAN Dec	40.8%	35.8%	31.4%	25.0%	30.3%	52.6%	34.2%	22.9%	27.1%	-
NTRS Dec	30.3%	28.0%	40.1%	28.9%	19.5%	33.5%	37.0%	−7.1%	67.5%	-
MCO Dec	15.8%	30.8%	33.3%	38.0%	30.0%	21.8%	31.8%	35.6%	33.4%	-
KEY Dec	27.0%	37.3%	44.1%	24.0%	14.9%	60.1%	43.1%	13.0%	28.0%	-
TROW Dec	0.9%	27.0%	23.5%	27.5%	41.9%	32.7%	14.1%	17.8%	20.2%	-
Peer median	27.0%	28.0%	32.3%	25.0%	24.8%	33.5%	34.2%	17.8%	27.1%	-

Return on equity, FY2017 to FY2026

Net income / shareholders' equity at the year end.

Company	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
BEN Sep	13.4%	7.7%	12.1%	7.9%	16.3%	11.3%	7.4%	3.7%	4.3%	9.0%
NDAQ Dec	12.4%	8.4%	13.7%	14.5%	18.6%	18.3%	9.8%	10.0%	14.6%	-
CFG Dec	8.1%	8.3%	8.1%	4.7%	9.9%	8.8%	6.6%	6.2%	7.0%	-
MTB Dec	8.7%	12.4%	12.3%	8.4%	10.4%	7.9%	10.2%	8.9%	9.8%	-
WTW Dec	5.6%	7.1%	10.2%	9.2%	11.1%	-	-	−1.2%	20.1%	-
HBAN Dec	11.0%	12.5%	12.0%	6.3%	6.7%	12.6%	10.1%	9.8%	9.1%	-
NTRS Dec	11.7%	14.8%	13.5%	10.3%	12.9%	11.9%	9.3%	15.9%	13.4%	-
MCO Dec	n/m	n/m	n/m	113.3%	81.2%	54.5%	48.4%	57.7%	60.7%	-
KEY Dec	8.6%	12.0%	10.1%	7.5%	15.1%	14.2%	6.6%	−0.9%	9.0%	-
TROW Dec	25.7%	30.0%	30.0%	30.8%	34.2%	17.6%	18.8%	20.3%	19.2%	-
Peer median	9.8%	12.2%	12.1%	9.2%	12.9%	13.4%	9.9%	9.8%	13.4%	-

Debt / equity, FY2017 to FY2026

Total debt / shareholders' equity at the year end.

Company	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
BEN Sep	0.08	0.07	0.07	0.30	0.30	0.29	0.26	0.22	0.20	0.22
NDAQ Dec	0.72	0.70	0.60	0.86	0.91	0.88	0.97	0.85	0.74	-
CFG Dec	0.71	0.83	0.65	0.38	0.30	0.67	0.57	0.51	0.43	-
MTB Dec	0.51	0.83	0.45	0.27	0.20	0.30	0.50	0.47	0.45	-
WTW Dec	0.57	0.65	0.78	0.73	0.78	-	-	1.08	1.21	-
HBAN Dec	1.32	0.96	1.06	0.66	0.39	0.66	0.67	0.84	0.76	-
NTRS Dec	-	-	-	-	-	-	-	-	-	-
MCO Dec	n/m	12.37	9.12	4.09	2.72	2.93	2.11	2.08	1.73	-
KEY Dec	0.95	0.88	0.73	0.76	0.69	1.44	1.34	0.67	0.49	-
TROW Dec	-	-	-	-	-	-	-	-	-	-
Peer median	0.71	0.83	0.73	0.73	0.69	0.77	0.82	0.84	0.74	-

EPS (diluted), FY2017 to FY2026

Diluted earnings per share, on today's share count after splits.

Company	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
BEN Sep	$3.01	$1.39	$2.35	$1.59	$3.57	$2.53	$1.72	$0.85	$0.91	$1.97
NDAQ Dec	$1.43	$0.91	$1.54	$1.86	$2.35	$2.26	$2.08	$1.93	$3.09	-
CFG Dec	$3.25	$3.52	$3.81	$2.22	$5.16	$4.10	$3.13	$3.03	$3.86	-
MTB Dec	$8.70	$12.74	$13.75	$9.94	$13.80	$11.53	$15.79	$14.64	$17.00	-
WTW Dec	$4.18	$5.27	$8.02	$7.65	$9.95	-	-	−$0.96	$16.26	-
HBAN Dec	$1.00	$1.20	$1.27	$0.69	$0.90	$1.45	$1.24	$1.22	$1.39	-
NTRS Dec	$4.92	$6.64	$6.63	$5.46	$7.14	$6.14	$5.08	$9.77	$8.74	-
MCO Dec	$5.15	$6.74	$7.42	$9.39	$11.78	$7.44	$8.73	$11.26	$13.67	-
KEY Dec	$1.13	$1.71	$1.62	$1.27	$2.63	$1.93	$0.88	−$0.32	$1.52	-
TROW Dec	$5.97	$7.27	$8.70	$9.98	$13.12	$6.70	$7.76	$9.15	$9.24	-
Peer median	$4.18	$5.27	$6.63	$5.46	$7.14	$5.12	$4.11	$3.03	$8.74	-

Fiscal years are lined up as each company's 10-K names them; the month next to a ticker is when its year ends. Hover a number for the XBRL line items and the filing; click it to open the filing on sec.gov. "n/m" means not meaningful: equity below zero, or a base so close to zero that the ratio says nothing. The peer median leaves out BEN and needs at least three peers with the number. P/E, P/S and P/FCF at each year end appear here once the site has daily prices. What the same companies write about AI, tariffs and more →

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