Franklin Templeton (BEN) FY2024 results: revenue $8.5 billion, up 8.0% on the year
Franklin Templeton Inc. (BEN) reported revenue of $8.5 billion for fiscal 2024, the year ended 30 September 2024, up 8.0% on the year before. Net income was $465 million, down 47.3%, and diluted earnings per share $0.85. The figures are the company's own, from the 10-K it filed with the SEC on 12 November 2024.
Revenue
$8.5 billion
+8.0% on the year
FY2017FY2024
Operating margin
4.8%
14.0% a year earlier
FY2017FY2024
Net income
$465 million
-47.3% on the year
FY2017FY2024
Diluted EPS
$0.85
-50.6% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
971
1,089
1,957
-10.8%
Capital expenditure
177
149
90.3
+19.0%
Free cash flow
794
940
1,866
-15.5%
Free cash flow margin
9.4%
12.0%
22.6%
Cash from investing
-2,424
-3,610
-3,329
Cash from financing
1,416
2,107
1,585
-32.8%
Depreciation and amortisation
116
104
95.8
+11.7%
Share-based compensation
246
183
208
+34.8%
Buybacks
274
256
181
+7.1%
Dividends paid
656
607
583
+8.1%
Dividend per share
$1.24
$1.20
$1.16
+3.3%
Diluted shares, weighted
510m
491m
489m
+4.0%
Shares outstanding at period end
524m
496m
500m
+5.6%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
12,508
11,917
11,475
+5.0%
Non-controlling interest
735
631
824
+16.5%
Redeemable equity
1,322
1,026
1,526
+28.8%
Debt
2,780
3,053
3,376
-8.9%
Other liabilities
15,119
13,494
10,860
+12.0%
Total liabilities and equity
32,464
30,121
28,061
+7.8%
Fixed assets
946
800
743
+18.3%
Goodwill
6,211
6,004
5,779
+3.5%
Intangible assets
4,802
4,902
5,082
-2.0%
Cash and equivalents
4,409
4,402
4,782
+0.1%
Other assets
16,096
14,013
11,674
+14.9%
Total assets
32,464
30,121
28,061
+7.8%
10-K for the year ended 30 September 2024, filed 12 November 2024: the filing.