Franklin Resources balance sheet

At the end of fiscal 2025, Franklin Resources had total assets of $32.37bn, total liabilities of $18.18bn and shareholders' equity of $12.08bn. It held $3.57bn in cash against $2.36bn of debt: net cash of $1.21bn.

Balance sheet

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Franklin Resources: balance sheet, annual
Fiscal year	2009Sept 2009	2010Sept 2010	2011Sept 2011	2012Sept 2012	2013Sept 2013	2014Sept 2014	2015Sept 2015	2016Sept 2016	2017Sept 2017	2018Sept 2018	2019Sept 2019	2020Sept 2020	2021Sept 2021	2022Sept 2022	2023Sept 2023	2024Sept 2024	2025Sept 2025	LTMJun 2026
Cash and equivalents	3.0	4.0	5.2	6.1	6.3	7.6	8.4	8.5	8.7	6.9	6.2	4.0	4.6	4.8	4.4	4.4	3.6	3.8
Receivables	0.6	0.7	0.8	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	5.2	6.4	7.6	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Goodwill	1.4	1.4	1.5	1.5	1.7	1.7	1.7	1.7	1.7	1.8	2.1	4.5	4.5	5.8	6.0	6.2	6.2	6.3
Total assets	9.5	10.7	13.8	14.8	15.4	16.4	16.3	16.1	17.5	14.4	14.5	21.7	24.2	28.1	30.1	32.5	32.4	36.2
Total current liabilities	0.7	1.0	1.3	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Short-term debt	—	0.0	0.1	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Long-term debt	0.0	0.9	1.9	1.6	1.2	1.2	1.3	1.4	1.0	0.7	0.7	3.0	3.4	3.4	3.1	2.8	2.4	2.4
Total debt	0.1	0.9	1.9	1.6	1.2	1.2	1.4	1.5	1.1	0.7	0.7	3.0	3.4	3.4	3.1	2.8	2.4	2.4
Total liabilities	1.8	3.0	4.7	5.0	4.6	3.9	3.8	3.5	2.7	3.1	3.2	10.3	11.4	14.2	16.5	17.9	18.2	21.8
Shareholders' equity	7.6	7.7	8.5	9.2	10.1	11.6	11.8	11.9	12.6	9.9	9.9	10.1	11.2	11.5	11.9	12.5	12.1	11.7
Non-controlling interests and other (assets − liabilities − equity)	—	—	0.6	0.6	0.7	0.9	0.7	0.7	2.3	1.4	1.5	1.3	1.5	2.4	1.7	2.1	2.1	2.7
Net debt (negative = net cash)	−2.9	−3.1	−3.3	−4.5	−5.1	−6.4	−7.0	−7.0	−7.6	−6.2	−5.5	−1.0	−1.2	−1.4	−1.3	−1.6	−1.2	−1.4
Shares outstanding	688m	672m	653m	637m	631m	623m	604m	570m	555m	519m	499m	495m	502m	500m	496m	524m	521m	508m

US$ billions unless shown otherwise. Fiscal quarters.

Franklin Resources: balance sheet, quarterly
Quarter	2024 Q4Sept 2024	2025 Q1Dec 2024	2025 Q2Mar 2025	2025 Q3Jun 2025	2025 Q4Sept 2025	2026 Q1Dec 2025	2026 Q2Mar 2026	2026 Q3Jun 2026
Goodwill	6.2	6.2	6.2	6.2	6.2	6.3	6.3	6.3
Total assets	32.5	32.4	32.0	32.6	32.4	32.5	34.1	36.2
Long-term debt	2.8	2.8	2.7	2.7	2.4	2.4	2.3	2.4
Total debt	2.8	2.8	2.7	2.7	2.4	2.4	2.3	2.4
Total liabilities	17.9	17.1	16.8	18.1	18.2	18.2	19.5	21.8
Shareholders' equity	12.5	12.5	12.3	12.2	12.1	12.1	12.1	11.7
Non-controlling interests and other (assets − liabilities − equity)	2.1	2.9	2.8	2.2	2.1	2.3	2.5	2.7
Shares outstanding	524m	524m	525m	518m	521m	520m	520m	508m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

Compare with peers

Head to head: BEN vs TROW BEN vs IVZ BAM vs BEN

More: Asset Management & Custody Banks stocks compared, Financials sector, rankings of US companies

Figures from Franklin Resources's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Franklin Resources.