Franklin Resources (MEX:BEN) Operating Income: MXN23,321 Mil (TTM As of Mar. 2026)

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MEX:BEN Franklin Resources Inc MEX:BEN
77 GF Score
Price MXN437.00
GF Value MXN284.32
! 9 Warning Signs
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What is Franklin Resources Operating Income?

Franklin Resources MEX:BEN 77 Operating Income is MXN23,321 Mil as of Mar. 2026. GuruFocus rates MEX:BEN with a GF Score™ of 77/100 and a GF Value™ of MXN284.32. The stock has 9 warning signs investors should review.

Franklin Resources's Operating Income for the three months ended in Mar. 2026 was MXN6,589 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was MXN23,321 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Franklin Resources's Operating Income for the three months ended in Mar. 2026 was MXN6,589 Mil. Franklin Resources's Revenue for the three months ended in Mar. 2026 was MXN41,383 Mil. Therefore, Franklin Resources's Operating Margin % for the quarter that ended in Mar. 2026 was 15.92%.

Warning Sign:

Franklin Resources Inc operating margin has been in a 5-year decline. The average rate of decline per year is -13.1%.

Franklin Resources's 5-Year average Growth Rate for Operating Margin % was -13.10% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Franklin Resources's annualized ROC % for the quarter that ended in Mar. 2026 was 4.00%. Franklin Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 106.81%.


Franklin Resources  (MEX:BEN) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Franklin Resources's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=26356.596 * ( 1 - 22.23% )/( (497328.238 + 527546.639)/ 2 )
=20497.5247092/512437.4385
=4.00 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=586069.33 - 25994.829 - ( 62746.263 - max(0, 25994.829 - 88775.303+62746.263))
=497328.238

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=615091.791 - 23186.446 - ( 64358.706 - max(0, 23186.446 - 90076.943+64358.706))
=527546.639

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Franklin Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=33584.1/( ( (30267.582 + max(34.210999999999, 0)) + (30053.298 + max(2531.791, 0)) )/ 2 )
=33584.1/( ( 30301.793 + 32585.089 )/ 2 )
=33584.1/31443.441
=106.81 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(26029.04 + 0 + 0) - (25994.829 + 0 + 0)
=34.210999999999

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(25718.237 + 0 + 0) - (23186.446 + 0 + 0)
=2531.791

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Franklin Resources's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=6589.149/41383.243
=15.92 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Franklin Resources Operating Income Related Terms


Franklin Resources Operating Income Historical Data

* Premium members only.

The historical data trend for Franklin Resources's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Franklin Resources Operating Income Chart

Franklin Resources Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 42,439.97 39,129.71 25,029.21 22,799.40 20,174.95

Franklin Resources Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4,519.22 3,843.04 6,253.54 6,635.10 6,589.15
MEX:BEN
77GF Score
Franklin Resources Inc MEX:BEN
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Franklin Resources Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN23,321 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of MXN23,321 Mil mean?
Franklin Resources (MEX:BEN) has a Operating Income of MXN23,321 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Franklin Resources and its competitors.
Is Franklin Resources' Operating Income too high?
Franklin Resources' current Operating Income is MXN23,321 Mil. Overall, Franklin Resources has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does Franklin Resources' Operating Income compare to CG and ARCC?
Franklin Resources' Operating Income of MXN23,321 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for an Asset Management company?
A good Operating Income depends on the Asset Management industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Franklin Resources and its competitors. Franklin Resources's current Operating Income is MXN23,321 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Franklin Resources stock overvalued right now?
Franklin Resources (MEX:BEN) has a current Operating Income of MXN23,321 Mil. The stock's GF Value™ is MXN284.32, compared to a current price of MXN437.00 — trading 53.7% above its estimated fair value. The current Operating Income is MXN23,321 Mil. Franklin Resources' overall GF Score™ is 77/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Franklin Resources (MEX:BEN), the current Operating Income is MXN23,321 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Franklin Resources (MEX:BEN) Overvalued in 2026?

Based on GuruFocus' analysis, Franklin Resources stock appears to be overvalued. The current stock price of MXN437.00 is trading 53.7% above its estimated GF Value™ of MXN284.32.

Key valuation signals for MEX:BEN:

  • Operating Income: MXN23,321 Mil
  • GF Value™: MXN284.32 vs. price of MXN437.00 (53.7% above fair value)
  • GF Score™: 77/100 with 9 warning signs

No single metric tells the full story. See the MEX:BEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Franklin Resources Business Description

Address One Franklin Parkway, San Mateo, CA, USA, 94403
Franklin Resources provides investment services for individual and institutional investors. At the end of May 2026, Franklin had $1.780 trillion in managed assets, composed primarily of equity (40%), fixed-income (26%), multi-asset/balanced (12%) funds, alternatives (17%), and money market funds (5%). Distribution tends to be weighted between retail investors (57% of assets under management) and institutional accounts (40%), with high-net-worth clients accounting for the remainder. Franklin is one of the more global of the US-based asset managers we cover, with 30% of its AUM invested in global/international strategies and 29% sourced from clients domiciled outside the United States.
77GF Score

Get the complete analysis for MEX:BEN

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN437.00
Price
MXN284.32
GF Value