Explain this page
Arphra AIPlain-English read on Franklin Resources, Inc.’s valuationIncome statement
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Revenue & profit | |||||||||
| Revenue | $8.43B | $8.28B | $7.85B | $8.48B | $8.77B | $7B | $7.46B | $8B | $8.5B |
| Cost of revenue | $1.43B | $1.43B | $1.5B | $1.69B | $1.72B | $1.36B | $1.47B | $1.58B | $1.65B |
| Gross profit | $7B | $6.85B | $6.35B | $6.79B | $7.05B | $5.55B | $6.18B | $6.55B | $6.8B |
| Gross margin | +83.04% | +82.76% | +80.90% | +80.11% | +80.34% | +79.32% | +82.75% | +81.82% | +79.97% |
| Operating | |||||||||
| Research & development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, general & administrative | $4.21B | $4.12B | $4.07B | $4.68B | $4.9B | $3.74B | $4.03B | $4.37B | $4.72B |
| Total operating expenses | $5.12B | $5.08B | $5.25B | $6.38B | $6.44B | $4.96B | $5.23B | $5.62B | $6.28B |
| Operating income | $1.88B | $1.77B | $1.1B | $407.6M | $604.1M | $584.78M | $641.99M | $685.04M | $731.22M |
| Operating margin | +22.25% | +21.44% | +14.04% | +4.81% | +6.89% | +8.35% | +8.60% | +8.56% | +8.60% |
| EBITDA | $2.84B | $2.21B | $1.91B | $1.38B | $1.41B | $1.3B | $1.45B | $1.55B | $1.62B |
| EBIT | $2.53B | $1.83B | $1.46B | $920.4M | $881.7M | $919.95M | $976.85M | $1.08B | $1.12B |
| Below the line | |||||||||
| Interest expense | $0 | $98.2M | $123.7M | $97.2M | $94.9M | $90.68M | $92.91M | $103.74M | $104.73M |
| Interest income | $8.8M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other income / expense | $569.2M | -$44.5M | $235.7M | $415.6M | $182.7M | — | — | — | — |
| Pre-tax income | $2.44B | $1.73B | $1.34B | $823.2M | $786.8M | $842.64M | $880.5M | $941.42M | $993.92M |
| Income tax expense | $349.6M | $396.2M | $312.3M | $215.3M | $237.9M | $216.91M | $240.52M | $255.42M | $269.95M |
| Earnings | |||||||||
| Net income | $1.83B | $1.29B | $882.8M | $464.8M | $524.9M | $531.43M | $580.42M | $609.11M | $639.09M |
| Net income · continuing ops | $2.09B | $1.33B | $1.03B | $607.9M | $548.9M | $610.09M | $670.33M | $704.28M | $731.19M |
| Net margin | +21.73% | +15.61% | +11.25% | +5.48% | +5.98% | +7.59% | +7.78% | +7.61% | +7.52% |
| EPS · basic | $3.58 | $2.53 | $1.72 | $0.85 | $0.91 | $2.73 | $2.94 | $3.23 | $3.52 |
| EPS · diluted | $3.57 | $2.53 | $1.72 | $0.85 | $0.91 | $2.74 | $2.94 | $3.19 | $3.57 |
| EPS · low estimate | — | — | — | — | — | $2.61 | $2.69 | $3.10 | $3.46 |
| EPS · high estimate | — | — | — | — | — | $2.86 | $3.11 | $3.35 | $3.75 |
| Shares · basic | 489.9M | 488.7M | 490M | 509.5M | 514.5M | 510.86M | 512.49M | 519.36M | 516.46M |
| Shares · diluted | 490.6M | 489.3M | 490.8M | 510.3M | 515.4M | 517.48M | 516.83M | 514.55M | 513.92M |
| Coverage | |||||||||
| Analysts (revenue) | — | — | — | — | — | 3 | 3 | 2 | 1 |
| Analysts (EPS) | — | — | — | — | — | 6 | 6 | 1 | 1 |
Coverage notes. Historical figures come’s as-reported income statements / balance sheets / cash flows in our data warehouse. Forecast columns (italicised, faint accent tint) carry vendor-supplied numbers where available (revenue + EPS consensus) and ratio-derived values for every other line. Margins / ratios are the trailing-3y average from history applied to the forecast revenue; values are clamped to enforce P&L identity (gross ≥ operating, EBITDA ≥ operating, net ≤ operating) and balance-sheet identity (assets = liabilities + equity by construction). Cash-flow FCF reconciles to OCF + CapEx. USD conversion uses the period-end close of the issuer's reported/USD pair from forex_prices_daily; share counts stay unconverted.
Financials
Full income statement, balance sheet, and cash-flow history is included with Pro.
Upgrade to Pro