$BEN
FRANKLIN RESOURCES INC Stock $ben

$ben Overview Financials Valuation SEC Filings Company Website

2024 Q2 Form 10-Q Financial Statement

#000003877724000069 Filed on April 29, 2024

Income Statement

Concept	2024 Q2	2024 Q1	2023 Q4
Revenue	$2.123B	$2.153B	$1.991B
YoY Change	7.82%	11.71%	1.22%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin	$661.2M	$1.820B	$532.8M
YoY Change	-56.95%	230.25%	-0.37%
% of Gross Profit
Research & Development	$156.6M	$155.1M	$131.0M
YoY Change	23.02%	21.17%	7.91%
% of Gross Profit
Depreciation & Amortization	$113.0M	$116.4M	$25.70M
YoY Change	1.99%	2.28%	2.39%
% of Gross Profit
Operating Expenses	$1.900B	$1.905B	$1.785B
YoY Change	17.22%	13.9%	0.65%
Operating Profit	$222.5M	$129.3M	$206.5M
YoY Change	-29.34%	-49.31%	6.44%
Interest Expense	$25.70M	$104.8M	$18.80M
YoY Change	558.97%	212.84%	-39.16%
% of Operating Profit	11.55%	81.05%	9.1%
Other Income/Expense, Net	$77.60M	$4.000M	$124.7M
YoY Change	483.46%	-97.73%	255.27%
Pretax Income	$300.1M	$238.1M	$331.2M
YoY Change	-9.64%	-44.76%	44.57%
Income Tax	$68.10M	$62.80M	$74.90M
% Of Pretax Income	22.69%	26.38%	22.61%
Net Earnings	$174.0M	$117.0M	$251.3M
YoY Change	-19.93%	-39.75%	51.75%
Net Earnings / Revenue	8.2%	5.43%	12.62%
Basic Earnings Per Share	$0.32	$0.23	$0.50
Diluted Earnings Per Share	$0.32	$0.23	$0.50
COMMON SHARES
Basic Shares Outstanding	526.1M shares	526.6M shares	494.6M shares
Diluted Shares Outstanding	517.2M shares	519.2M shares	487.9M shares

Balance Sheet

Concept	2024 Q2	2024 Q1	2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments	$4.112B	$4.124B	$3.880B
YoY Change	-6.29%	-3.61%	-13.83%
Cash & Equivalents	$4.112B	$4.124B	$3.880B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables	$1.571B	$1.450B	$1.470B
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$5.682B	$5.574B	$5.349B
YoY Change	-0.83%	-0.1%	-7.68%
LONG-TERM ASSETS
Property, Plant & Equipment	$904.8M	$1.795B	$807.0M
YoY Change	-26.86%	139.42%	6.2%
Goodwill	$6.199B	$6.199B	$6.013B
YoY Change	3.1%	3.19%	1.18%
Intangibles	$5.268B	$5.331B	$4.823B
YoY Change	5.46%	5.15%	-6.43%
Long-Term Investments	$1.227B	$13.53B	$1.156B
YoY Change	-89.68%	1088.54%	39.18%
Other Assets
YoY Change
Total Long-Term Assets	$27.57B	$27.33B	$24.52B
YoY Change	12.52%	16.28%	4.14%
TOTAL ASSETS
Total Short-Term Assets	$5.682B	$5.574B	$5.349B
Total Long-Term Assets	$27.57B	$27.33B	$24.52B
Total Assets	$33.25B	$32.91B	$29.87B
YoY Change	9.99%	13.14%	1.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.249B	$1.318B	$1.001B
YoY Change	10.62%	34.61%	-16.52%
Accrued Expenses	$2.667B	$2.396B	$2.029B
YoY Change	36.37%	38.57%	27.09%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$57.30M	$191.5M
YoY Change
Total Short-Term Liabilities	$4.356B	$4.239B	$3.650B
YoY Change	23.28%	32.67%	5.46%
LONG-TERM LIABILITIES
Long-Term Debt	$12.62B	$11.98B	$10.89B
YoY Change	11.17%	13.91%	14.17%
Other Long-Term Liabilities	$961.0M	$1.415B	$1.220B
YoY Change	-26.85%	-13.22%	-21.09%
Total Long-Term Liabilities	$13.58B	$13.40B	$12.11B
YoY Change	7.23%	10.27%	9.25%
TOTAL LIABILITIES
Total Short-Term Liabilities	$4.356B	$4.239B	$3.650B
Total Long-Term Liabilities	$13.58B	$13.40B	$12.11B
Total Liabilities	$18.35B	$20.05B	$16.15B
YoY Change	0.37%	27.83%	9.12%
SHAREHOLDERS EQUITY
Retained Earnings	$12.32B	$12.27B	$12.40B
YoY Change	-0.32%	0.04%	2.39%
Common Stock	$1.037B	$1.075B	$49.50M
YoY Change	1977.76%	2045.51%	-1.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$12.87B	$12.86B	$12.00B
YoY Change
Total Liabilities & Shareholders Equity	$33.25B	$32.91B	$29.87B
YoY Change	9.99%	13.14%	1.81%

Cashflow Statement

Concept	2024 Q2	2024 Q1	2023 Q4
OPERATING ACTIVITIES
Net Income	$174.0M	$117.0M	$251.3M
YoY Change	-19.93%	-39.75%	51.75%
Depreciation, Depletion And Amortization	$113.0M	$116.4M	$25.70M
YoY Change	1.99%	2.28%	2.39%
Cash From Operating Activities	$528.4M	$136.6M	-$251.9M
YoY Change	-19.33%	-508.98%	-1.72%
INVESTING ACTIVITIES
Capital Expenditures	$46.10M	$41.70M	$19.50M
YoY Change	-41.42%	170.78%	-28.83%
Acquisitions			$0.00
YoY Change			-100.0%
Other Investing Activities	-$765.8M	-$231.5M	-$118.1M
YoY Change	-21.66%	-79.64%	-88.37%
Cash From Investing Activities	-$811.9M	-$273.2M	-$137.6M
YoY Change	-23.13%	-76.29%	-86.8%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	274.3M	391.1M	-$159.0M
YoY Change	-45.62%	-59.33%	-116.58%
NET CHANGE
Cash From Operating Activities	528.4M	136.6M	-$251.9M
Cash From Investing Activities	-811.9M	-273.2M	-$137.6M
Cash From Financing Activities	274.3M	391.1M	-$159.0M
Net Change In Cash	-9.200M	254.5M	-$522.8M
YoY Change	-108.91%	-213.57%	86.51%
FREE CASH FLOW
Cash From Operating Activities	$528.4M	$136.6M	-$251.9M
Capital Expenditures	$46.10M	$41.70M	$19.50M
Free Cash Flow	$482.3M	$94.90M	-$271.4M
YoY Change	-16.31%	-294.47%	-4.34%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023Q3	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	495937891	shares
CY2023Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	495937891	shares
CY2022Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	12298900000	usd
CY2022Q4	us-gaap	Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest	169100000	usd
CY2022Q4	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	124700000	usd
CY2022Q4	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.30
CY2022Q4	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	153600000	usd
CY2022Q4	us-gaap	Stock Repurchased And Retired During Period Value StockRepurchasedAndRetiredDuringPeriodValue	14200000	usd
CY2022Q4	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	33600000	usd
CY2022Q4	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	35600000	usd
CY2022Q4	us-gaap	Minority Interest Period Increase Decrease MinorityInterestPeriodIncreaseDecrease	97100000	usd
CY2022Q4	ben	Consolidation Deconsolidation Of Investment Products ConsolidationDeconsolidationOfInvestmentProducts	-35700000	usd
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	12555500000	usd
CY2023Q1	us-gaap	Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest	189900000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	17900000	usd
CY2023Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.30
CY2023Q1	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	153800000	usd
CY2023Q1	us-gaap	Stock Repurchased And Retired During Period Value StockRepurchasedAndRetiredDuringPeriodValue	3600000	usd
CY2023Q1	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	25300000	usd
CY2023Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	40800000	usd
CY2023Q1	us-gaap	Minority Interest Period Increase Decrease MinorityInterestPeriodIncreaseDecrease	50100000	usd
CY2023Q1	ben	Consolidation Deconsolidation Of Investment Products ConsolidationDeconsolidationOfInvestmentProducts	-324200000	usd
CY2023Q1	us-gaap	Minority Interest Change In Redemption Value MinorityInterestChangeInRedemptionValue	44700000	usd
CY2023Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	12442600000	usd
	us-gaap	Profit Loss ProfitLoss	431600000	usd
	us-gaap	Profit Loss ProfitLoss	440700000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	132000000.0	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	122000000.0	usd
	us-gaap	Amortization Of Deferred Sales Commissions AmortizationOfDeferredSalesCommissions	28300000	usd
	us-gaap	Amortization Of Deferred Sales Commissions AmortizationOfDeferredSalesCommissions	25000000.0	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	57500000	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	52900000	usd
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	170400000	usd
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	169200000	usd
	ben	Net Gains Losses On Investments NetGainsLossesOnInvestments	41600000	usd
	ben	Net Gains Losses On Investments NetGainsLossesOnInvestments	48500000	usd
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	81300000	usd
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	52600000	usd
	ben	Gains Losses On Investments Of Consolidated Investment Products GainsLossesOnInvestmentsOfConsolidatedInvestmentProducts	3000000.0	usd
	ben	Gains Losses On Investments Of Consolidated Investment Products GainsLossesOnInvestmentsOfConsolidatedInvestmentProducts	-57500000	usd
	ben	Purchase And Liquidation Of Investments By Consolidated Investment Products PurchaseAndLiquidationOfInvestmentsByConsolidatedInvestmentProducts	232200000	usd
	ben	Purchase And Liquidation Of Investments By Consolidated Investment Products PurchaseAndLiquidationOfInvestmentsByConsolidatedInvestmentProducts	613000000.0	usd
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-15000000.0	usd
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-55700000	usd
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-57400000	usd
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-28800000	usd
	us-gaap	Increase Decrease In Accounts Receivable And Other Operating Assets IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets	55100000	usd
	us-gaap	Increase Decrease In Accounts Receivable And Other Operating Assets IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets	144400000	usd
	us-gaap	Increase Decrease In Trading Securities IncreaseDecreaseInTradingSecurities	-10000000.0	usd
	us-gaap	Increase Decrease In Trading Securities IncreaseDecreaseInTradingSecurities	36000000.0	usd
	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	-316000000.0	usd
	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	-336100000	usd
	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	-177200000	usd
	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	-28500000	usd
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	22600000	usd
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	85400000	usd
	ben	Increase Decrease In Other Operating Liabilities Of Consolidated Investment Products IncreaseDecreaseInOtherOperatingLiabilitiesOfConsolidatedInvestmentProducts	-103700000	usd
	ben	Increase Decrease In Other Operating Liabilities Of Consolidated Investment Products IncreaseDecreaseInOtherOperatingLiabilitiesOfConsolidatedInvestmentProducts	3700000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-115300000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-329600000	usd
	us-gaap	Payments To Acquire Investments PaymentsToAcquireInvestments	501000000.0	usd
	us-gaap	Payments To Acquire Investments PaymentsToAcquireInvestments	504700000	usd
	us-gaap	Proceeds From Sale Maturity And Collections Of Investments ProceedsFromSaleMaturityAndCollectionsOfInvestments	543600000	usd
	us-gaap	Proceeds From Sale Maturity And Collections Of Investments ProceedsFromSaleMaturityAndCollectionsOfInvestments	385400000	usd
	ben	Purchase Of Investments By Consolidated Collateralized Loan Obligations PurchaseOfInvestmentsByConsolidatedCollateralizedLoanObligations	2294300000	usd
	ben	Purchase Of Investments By Consolidated Collateralized Loan Obligations PurchaseOfInvestmentsByConsolidatedCollateralizedLoanObligations	2097600000	usd
	ben	Liquidation Of Investments By Consolidated Collateralized Loan Obligations LiquidationOfInvestmentsByConsolidatedCollateralizedLoanObligations	1769900000	usd
	ben	Liquidation Of Investments By Consolidated Collateralized Loan Obligations LiquidationOfInvestmentsByConsolidatedCollateralizedLoanObligations	618800000	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	61200000	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	42800000	usd
	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	-177900000	usd
	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	500500000	usd
	ben	Payments Of Contingent Consideration Asset PaymentsOfContingentConsiderationAsset	0	usd
	ben	Payments Of Contingent Consideration Asset PaymentsOfContingentConsiderationAsset	5500000	usd
	ben	Payments Of Deferred Consideration Liability PaymentsOfDeferredConsiderationLiability	60800000	usd
	ben	Payments Of Deferred Consideration Liability PaymentsOfDeferredConsiderationLiability	0	usd
	ben	Cash And Cash Equivalents Increase Decrease Due To Consolidation And Deconsolidation Of Investment Products CashAndCashEquivalentsIncreaseDecreaseDueToConsolidationAndDeconsolidationOfInvestmentProducts	15100000	usd
	ben	Cash And Cash Equivalents Increase Decrease Due To Consolidation And Deconsolidation Of Investment Products CashAndCashEquivalentsIncreaseDecreaseDueToConsolidationAndDeconsolidationOfInvestmentProducts	-85400000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-410800000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-2221300000	usd
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	7300000	usd
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	13400000	usd
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	321400000	usd
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	301800000	usd
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	70500000	usd
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	17800000	usd
	us-gaap	Proceeds From Payments For In Securities Sold Under Agreements To Repurchase ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase	0	usd
	us-gaap	Proceeds From Payments For In Securities Sold Under Agreements To Repurchase ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase	174800000	usd
	ben	Proceeds From Issuance Of Debt By Consolidated Investment Products ProceedsFromIssuanceOfDebtByConsolidatedInvestmentProducts	587400000	usd
	ben	Proceeds From Issuance Of Debt By Consolidated Investment Products ProceedsFromIssuanceOfDebtByConsolidatedInvestmentProducts	2258700000	usd
	ben	Payments On Debt By Consolidated Investment Products PaymentsOnDebtByConsolidatedInvestmentProducts	35500000	usd
	ben	Payments On Debt By Consolidated Investment Products PaymentsOnDebtByConsolidatedInvestmentProducts	688300000	usd
	us-gaap	Payment For Contingent Consideration Liability Financing Activities PaymentForContingentConsiderationLiabilityFinancingActivities	2900000	usd
	us-gaap	Payment For Contingent Consideration Liability Financing Activities PaymentForContingentConsiderationLiabilityFinancingActivities	4200000	usd
	us-gaap	Proceeds From Payments To Minority Shareholders ProceedsFromPaymentsToMinorityShareholders	552000000.0	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-278100000	usd
CY2023Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	4402400000	usd
CY2022Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	4782500000	usd
	us-gaap	Income Taxes Paid IncomeTaxesPaid	318400000	usd
	us-gaap	Income Taxes Paid IncomeTaxesPaid	204600000	usd
	us-gaap	Interest Paid Net InterestPaidNet	51300000	usd
	us-gaap	Interest Paid Net InterestPaidNet	47100000	usd
	ben	Cash Interest Paid By Consolidated Investment Products CashInterestPaidByConsolidatedInvestmentProducts	345600000	usd
	ben	Cash Interest Paid By Consolidated Investment Products CashInterestPaidByConsolidatedInvestmentProducts	128600000	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	124200000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	194200000	usd
	us-gaap	Net Income Loss NetIncomeLoss	375500000	usd
	us-gaap	Net Income Loss NetIncomeLoss	359800000	usd
CY2024Q1	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	7200000	usd
CY2024Q1	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Diluted ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted	7200000	usd
CY2023Q1	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	9000000.0	usd
CY2023Q1	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Diluted ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted	9000000.0	usd
	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Diluted ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted	16300000	usd
	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	16300000	usd
	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Diluted ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted	16700000	usd
	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	16700000	usd
CY2024Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	117000000.0	usd
CY2024Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	117000000.0	usd
CY2023Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	185200000	usd
CY2023Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	185200000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	359200000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	359200000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	343100000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	343100000	usd
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	518400000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	490700000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	502600000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	490100000	shares
CY2024Q1	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	800000	shares
CY2023Q1	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	700000	shares
	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	800000	shares
	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	700000	shares
CY2024Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	519200000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	491400000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	503400000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	490800000	shares
CY2024Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.23
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.38
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.71
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.70
CY2024Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.23
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.38
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.71
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.70
CY2024Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	2152800000	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	4143900000	usd
CY2023Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1927200000	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	3894300000	usd
	ben	Revenue From Sponsored Funds RevenueFromSponsoredFunds	0.83
	ben	Revenue From Sponsored Funds RevenueFromSponsoredFunds	0.83
CY2023Q1	ben	Revenue From Sponsored Funds RevenueFromSponsoredFunds	0.83
CY2024Q1	ben	Revenue From Sponsored Funds RevenueFromSponsoredFunds	0.83
CY2024Q1	us-gaap	Investments Fair Value Disclosure InvestmentsFairValueDisclosure	899700000	usd
CY2023Q3	us-gaap	Investments Fair Value Disclosure InvestmentsFairValueDisclosure	872800000	usd
CY2024Q1	us-gaap	Equity Method Investments EquityMethodInvestments	1216700000	usd
CY2023Q3	us-gaap	Equity Method Investments EquityMethodInvestments	1089200000	usd
CY2024Q1	us-gaap	Other Investments OtherInvestments	261300000	usd
CY2023Q3	us-gaap	Other Investments OtherInvestments	260000000.0	usd
CY2024Q1	us-gaap	Investments Investments	2377700000	usd
CY2023Q3	us-gaap	Investments Investments	2222000000	usd
CY2024Q1	us-gaap	Securities Sold Under Agreements To Repurchase SecuritiesSoldUnderAgreementsToRepurchase	150600000	usd
CY2024Q1	us-gaap	Securities Borrowed Fair Value Of Collateral SecuritiesBorrowedFairValueOfCollateral	158200000	usd
CY2024Q1	us-gaap	Fair Value Investments Entities That Calculate Net Asset Value Per Share Unfunded Committments FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareUnfundedCommittments	43100000	usd
CY2023Q3	us-gaap	Fair Value Investments Entities That Calculate Net Asset Value Per Share Unfunded Committments FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareUnfundedCommittments	43100000	usd
CY2024Q1	ben	Number Of Consolidated Investmentproducts NumberOfConsolidatedInvestmentproducts	81	cips
CY2024Q1	ben	Number Of Collateralized Obligation Consolidated Deconsolidated NumberOfCollateralizedObligationConsolidatedDeconsolidated	22	cips
CY2023Q3	ben	Number Of Consolidated Investmentproducts NumberOfConsolidatedInvestmentproducts	70	cips
CY2023Q3	ben	Number Of Collateralized Obligation Consolidated Deconsolidated NumberOfCollateralizedObligationConsolidatedDeconsolidated	20	cips
CY2023Q4	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	396600000	usd
CY2024Q1	us-gaap	Lessee Operating Lease Term Of Contract LesseeOperatingLeaseTermOfContract	P16Y
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	707300000	usd
CY2023Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	15881000	shares
CY2023Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue	23.09
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod	12271000	shares
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	25.89
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod	1279000	shares
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue	23.49
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod	573000	shares
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue	21.87
CY2024Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	26300000	shares
CY2024Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue	24.40
CY2024Q1	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	314300000	usd
	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1 EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1	P2Y1M6D
CY2024Q1	us-gaap	Investment Income Interest And Dividend InvestmentIncomeInterestAndDividend	38000000.0	usd
CY2023Q1	us-gaap	Investment Income Interest And Dividend InvestmentIncomeInterestAndDividend	32300000	usd
	us-gaap	Investment Income Interest And Dividend InvestmentIncomeInterestAndDividend	92800000	usd
	us-gaap	Investment Income Interest And Dividend InvestmentIncomeInterestAndDividend	68800000	usd
CY2024Q1	us-gaap	Gain Loss On Investments GainLossOnInvestments	-18500000	usd
CY2023Q1	us-gaap	Gain Loss On Investments GainLossOnInvestments	3000000.0	usd
	us-gaap	Gain Loss On Investments GainLossOnInvestments	41600000	usd
	us-gaap	Gain Loss On Investments GainLossOnInvestments	48500000	usd
CY2024Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	24400000	usd
CY2023Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	20600000	usd
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	81300000	usd
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	52600000	usd
CY2024Q1	us-gaap	Rental Income Nonoperating RentalIncomeNonoperating	10900000	usd
CY2023Q1	us-gaap	Rental Income Nonoperating RentalIncomeNonoperating	13400000	usd
	us-gaap	Rental Income Nonoperating RentalIncomeNonoperating	21700000	usd
	us-gaap	Rental Income Nonoperating RentalIncomeNonoperating	24000000.0	usd
CY2024Q1	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	-1300000	usd
CY2023Q1	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	-6500000	usd
	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	-8700000	usd
	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	-33600000	usd
CY2024Q1	us-gaap	Other Nonoperating Expense OtherNonoperatingExpense	1000000.0	usd
CY2023Q1	us-gaap	Other Nonoperating Expense OtherNonoperatingExpense	2200000	usd
	us-gaap	Other Nonoperating Expense OtherNonoperatingExpense	3000000.0	usd
	us-gaap	Other Nonoperating Expense OtherNonoperatingExpense	9800000	usd
CY2024Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	52500000	usd
CY2023Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	60600000	usd
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	225700000	usd
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	150500000	usd
CY2024Q1	us-gaap	Debt And Equity Securities Unrealized Gain Loss DebtAndEquitySecuritiesUnrealizedGainLoss	9500000	usd
	us-gaap	Debt And Equity Securities Unrealized Gain Loss DebtAndEquitySecuritiesUnrealizedGainLoss	86100000	usd
CY2023Q1	us-gaap	Debt And Equity Securities Unrealized Gain Loss DebtAndEquitySecuritiesUnrealizedGainLoss	13100000	usd
	us-gaap	Debt And Equity Securities Unrealized Gain Loss DebtAndEquitySecuritiesUnrealizedGainLoss	78200000	usd

Files In Submission

Name	View Source	Status
0000038777-24-000069-index-headers.html	Edgar Link	pending
0000038777-24-000069-index.html	Edgar Link	pending
0000038777-24-000069.txt	Edgar Link	pending
0000038777-24-000069-xbrl.zip	Edgar Link	pending
ben-20240331.htm	Edgar Link	pending
ben-20240331.xsd	Edgar Link	pending
exhibit311q2fy24.htm	Edgar Link	pending
exhibit312q2fy24.htm	Edgar Link	pending
exhibit321q2fy24.htm	Edgar Link	pending
exhibit322q2fy24.htm	Edgar Link	pending
ben-20240331_cal.xml	Edgar Link	unprocessable
ben-20240331_def.xml	Edgar Link	unprocessable
ben-20240331_lab.xml	Edgar Link	unprocessable
ben-20240331_pre.xml	Edgar Link	unprocessable
ben-20240331_htm.xml	Edgar Link	completed
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable

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$BEN
FRANKLIN RESOURCES INC Stock $ben

2024 Q2 Form 10-Q Financial Statement

#000003877724000069 Filed on April 29, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$BEN FRANKLIN RESOURCES INC Stock $ben

2024 Q2 Form 10-Q Financial Statement

#000003877724000069 Filed on April 29, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$BEN
FRANKLIN RESOURCES INC Stock $ben