Franklin Historical Income Statement
| BEN Stock | USD 22.68 0.47 2.12% |
Historical analysis of Franklin Resources income statement accounts such as Total Revenue of 4.4 B, Gross Profit of 6.9 B or Other Operating Expenses of 8.5 B can show how well Franklin Resources performed in making a profits. Evaluating Franklin Resources income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Franklin Resources's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Franklin Resources latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Franklin Resources is a good buy for the upcoming year.
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About Franklin Income Statement Analysis
Franklin Resources Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Franklin Resources shareholders. The income statement also shows Franklin investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Franklin Resources Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Franklin Resources generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Franklin Resources minus its cost of goods sold. It is profit before Franklin Resources operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Franklin Resources. It is also known as Franklin Resources overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Operating Income
Operating Income is the amount of profit realized from Franklin Resources operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Franklin Resources is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Minority Interest
Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Franklin Resources whose combined shares represent less than 50% of the total outstanding shares issued by Franklin Resources have a minority interest in Franklin Resources.Most accounts from Franklin Resources' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Franklin Resources current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Franklin Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. To learn how to invest in Franklin Stock, please use our How to Invest in Franklin Resources guide.At this time, Franklin Resources' Income Tax Expense is very stable compared to the past year. As of the 28th of November 2024, Selling General Administrative is likely to grow to about 909.2 M, while Total Revenue is likely to drop about 4.4 B.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 3.3B | 4.4B | 6.6B | 6.9B | Total Revenue | 8.3B | 7.8B | 8.5B | 4.4B |
Franklin Resources income statement Correlations
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Franklin Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Franklin Resources income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 33.4M | 85.4M | 98.2M | 123.7M | 97.2M | 102.1M | |
| Total Revenue | 5.6B | 8.4B | 8.3B | 7.8B | 8.5B | 4.4B | |
| Gross Profit | 2.0B | 3.3B | 3.3B | 4.4B | 6.6B | 6.9B | |
| Other Operating Expenses | 4.5B | 6.6B | 6.5B | 6.7B | 8.1B | 8.5B | |
| Operating Income | 1.0B | 1.9B | 1.8B | 1.1B | 407.6M | 387.2M | |
| Ebit | (3.1B) | (3.5B) | (3.9B) | (4.5B) | 407.6M | 387.2M | |
| Ebitda | 1.1B | 2.8B | 2.4B | 1.9B | 796.8M | 757.0M | |
| Total Operating Expenses | 940.6M | 1.5B | 1.6B | 3.3B | 3.6B | 3.8B | |
| Income Before Tax | 1.0B | 2.4B | 1.7B | 1.4B | 823.2M | 1.4B | |
| Total Other Income Expense Net | (31M) | 569.2M | (44.5M) | 313.4M | 415.6M | 436.4M | |
| Net Income | 798.9M | 1.8B | 1.3B | 882.8M | 464.8M | 441.6M | |
| Income Tax Expense | 230.8M | 349.6M | 396.2M | 312.3M | 215.3M | 409.0M | |
| Depreciation And Amortization | 4.2B | 6.3B | 6.3B | 6.5B | 389.2M | 369.7M | |
| Selling General Administrative | 886.6M | 1.2B | 1.3B | 793.9M | 703.3M | 909.2M | |
| Cost Of Revenue | 3.6B | 5.1B | 4.9B | 3.5B | 1.9B | 2.5B | |
| Net Income Applicable To Common Shares | 798.9M | 1.8B | 1.3B | 845.1M | 971.9M | 1.4B | |
| Minority Interest | (11.8M) | (263.4M) | (41.3M) | (220.6M) | (143.1M) | (135.9M) | |
| Net Income From Continuing Ops | 787.1M | 2.1B | 1.3B | 1.1B | 607.9M | 1.2B | |
| Non Operating Income Net Other | 115.1M | (31M) | 264.7M | 91.1M | 104.8M | 152.8M | |
| Tax Provision | 230.8M | 349.6M | 396.2M | 312.3M | 215.3M | 204.5M | |
| Interest Income | 31M | 37.2M | 563.4M | 55.7M | 64.1M | 121.0M | |
| Net Interest Income | (19.1M) | (85.4M) | (98.2M) | (123.7M) | (97.2M) | (92.3M) | |
| Reconciled Depreciation | 128.5M | 232M | 282M | 341.1M | 454.7M | 232.2M |
Pair Trading with Franklin Resources
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Franklin Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Franklin Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Franklin Stock
| 0.89 | BN | Brookfield Corp | PairCorr |
| 0.92 | BX | Blackstone Group Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.82 | CG | Carlyle Group | PairCorr |
| 0.88 | APO | Apollo Global Management | PairCorr |
| 0.88 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
Moving against Franklin Stock
The ability to find closely correlated positions to Franklin Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Franklin Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Franklin Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Franklin Resources to buy it.
The correlation of Franklin Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Franklin Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Franklin Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Franklin Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Franklin Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. To learn how to invest in Franklin Stock, please use our How to Invest in Franklin Resources guide.You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Franklin Resources. If investors know Franklin will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Franklin Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.27) | Dividend Share 1.24 | Earnings Share 0.85 | Revenue Per Share 16.64 | Quarterly Revenue Growth 0.113 |
The market value of Franklin Resources is measured differently than its book value, which is the value of Franklin that is recorded on the company's balance sheet. Investors also form their own opinion of Franklin Resources' value that differs from its market value or its book value, called intrinsic value, which is Franklin Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Franklin Resources' market value can be influenced by many factors that don't directly affect Franklin Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Franklin Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Franklin Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Franklin Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.