FRANKLIN RESOURCES INC
For the period ended Jun 30, 2024. Filed Jul 26, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Jul 26, 2024
BEN$36.29+1.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 1. Consolidated Statements of Income
CONSOLIDATED STATEMENTS OF INCOME
| Three Months Ended June 30, | Nine Months Ended June 30, | |||
|---|---|---|---|---|
| (in millions, except per share data) | 2024 | 2023 | 2024 | 2023 |
| Operating Revenues | ||||
| Investment management fees | $1,689.9 | $1,613.4 | $5,056.0 | $4,818.5 |
| Sales and distribution fees | 358.3 | 304.0 | 1,013.0 | 897.3 |
| Shareholder servicing fees | 61.8 | 38.8 | 162.3 | 115.5 |
| Other | 12.9 | 12.8 | 35.5 | 32.0 |
| Total operating revenues | 2,122.9 | 1,969.0 | 6,266.8 | 5,863.3 |
| Operating Expenses | ||||
| Compensation and benefits | 893.8 | 841.2 | 2,890.3 | 2,667.7 |
| Sales, distribution and marketing | 481.1 | 406.8 | 1,366.2 | 1,202.0 |
| Information systems and technology | 156.6 | 127.3 | 442.7 | 376.7 |
| Occupancy | 104.8 | 56.9 | 247.7 | 171.1 |
| Amortization of intangible assets | 84.0 | 85.4 | 254.4 | 254.6 |
| General, administrative and other | 180.1 | 136.5 | 507.2 | 427.2 |
| Total operating expenses | 1,900.4 | 1,654.1 | 5,708.5 | 5,099.3 |
| Operating Income | 222.5 | 314.9 | 558.3 | 764.0 |
| Other Income (Expenses) | ||||
| Investment and other income, net | 74.5 | 49.8 | 300.2 | 200.3 |
| Interest expense | (25.7) | (34.9) | (72.2) | (99.3) |
| Investment and other income of consolidated investment products, net | 37.6 | 1.7 | 103.7 | 75.3 |
| Expenses of consolidated investment products | (8.8) | (0.8) | (20.6) | (15.7) |
| Other income, net | 77.6 | 15.8 | 311.1 | 160.6 |
| Income before taxes | 300.1 | 330.7 | 869.4 | 924.6 |
| Taxes on income | 68.1 | 84.1 | 205.8 | 237.3 |
| Net income | 232.0 | 246.6 | 663.6 | 687.3 |
| Less: net income (loss) attributable to | ||||
| Redeemable noncontrolling interests | 43.0 | 26.8 | 95.3 | 108.5 |
| Nonredeemable noncontrolling interests | 15.0 | (7.7) | 18.8 | (8.5) |
| Net Income Attributable to Franklin Resources, Inc. | $174.0 | $227.5 | $549.5 | $587.3 |
| Earnings per Share | ||||
| Basic | $0.32 | $0.44 | $1.04 | $1.14 |
| Diluted | 0.32 | 0.44 | 1.03 | 1.14 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.