SuperworthFranklin Resources free cash flow BEN
Cash from operations less capital spending, by quarter and over the last twelve months, from 2008.
- Last 12 months, to Sep 30, 2025
- $911.6M
- Latest quarter, Q4 FY25
- −$51.9M
- −111% on a year earlier
- Fiscal year 2025
- $911.6M
- +15% on the year before
Franklin Resources' free cash flow was $911.6M over the twelve months to Sep 30, 2025, up 15% on a year earlier.
In its latest quarter, Q4 FY25, it was −$51.9M, down 111% on the same quarter a year before.
Over the five fiscal years to FY2025 it shrank 0% a year on average.
Free cash flow over time
Fiscal year by fiscal year
| Fiscal year | Free cash flow | Change |
|---|---|---|
| FY2025 | $911.6M | +15% |
| FY2024 | $794.2M | −19% |
| FY2023 | $980.3M | −47% |
| FY2022 | $1.9B | +60% |
| FY2021 | $1.2B | +26% |
| FY2020 | $923.6M | n/a |
| FY2019 | −$32.1M | −102% |
| FY2018 | $2.1B | +100% |
| FY2017 | $1.1B | −35% |
| FY2016 | $1.6B | −25% |
| FY2015 | $2.2B | +5% |
| FY2014 | $2.1B | +6% |
| FY2013 | $2B | +72% |
| FY2012 | $1.1B | −23% |
| FY2011 | $1.5B | −6% |
Each fiscal year is the twelve months to its fourth quarter.
Quarter by quarter
| Quarter | Ended | Free cash flow | On a year earlier | Last 12 months |
|---|---|---|---|---|
| Q4 FY25 | −$51.9M | −111% | $911.6M | |
| Q3 FY25 | $1.3B | +163% | $1.5B | |
| Q2 FY25 | −$87.6M | −192% | $666.1M | |
| Q1 FY25 | −$217M | n/a | $848.6M | |
| Q4 FY24 | $488.4M | −34% | $794.2M | |
| Q3 FY24 | $482.3M | −16% | $1B | |
| Q2 FY24 | $94.9M | n/a | $1.1B | |
| Q1 FY24 | −$271.4M | n/a | $992.6M | |
| Q4 FY23 | $737.2M | −11% | $980.3M | |
| Q3 FY23 | $575.6M | −29% | $1.1B | |
| Q2 FY23 | −$48.8M | −162% | $1.3B | |
| Q1 FY23 | −$283.7M | −290% | $1.4B |
Against its peers
Companies in Asset Management nearest Franklin Resources' size, closest first, today.
| Company | Free cash flow yield |
|---|---|
| BENFranklin Resources | n/m |
| OWLBlue OWL Capital | 9.1% |
| TPGTPG | 5.3% |
| CGCarlyle | −30.0% |
| TROWT. Rowe Price | 7.5% |
| PFGPrincipal Financial | n/m |
| AMGAffiliated Managers | 10.7% |
| EVREvercore | 16.8% |
| HLIHoulihan Lokey | 5.3% |
| IDCCInterDigital | 6.6% |
| MORNMorningstar | 5.9% |
| Peer median | 6.6% |
What the free cash flow tells you
Cash from operations minus capital spending. The cash the company could hand back or reinvest.
Seasonal and lumpy quarter to quarter. The TTM view is the one to trust.
More on Franklin Resources
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.