What is Franklin Resources's acquisitions?

Franklin Resources (BEN) reported acquisitions of $69.7M in Q4 2025.

What does acquisitions mean?

Cash paid for business acquisitions net of cash acquired in the target company — the primary M&A cash flow line.

Franklin Resources BEN Acquisitions

Acquisitions at other companies

Virtus Investment PartnersVRTS

$196.11M—

Affiliated Managers GroupAMG

$242.3M+389%

Westwood Holdings GroupWHG

$0—

APA

Artisan Partners Asset Management Inc.APAM

$22.51M—

BlackrockBLK

$15M-99.5%

KKR & Co.KKR

$37.92M—

Other financials

Income statement

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Revenue$2.3B+8.7%

Operating income$323.3M+122%

Net income$268.2M+77.1%

EPS (diluted)$0.49+88.5%

Balance sheet

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Cash & equivalents$4.5B—

Total debt$3.2B-11.5%

Total equity$12.1B-1.8%

Total assets$34.1B+6.6%

Cash flow

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Operating cash flow-$27.6M+44.9%

CapEx$31.2M-55.3%

Free cash flow--100%

Valuation

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Market cap$17.32B+31.7%

P/E23.6×-8.7×

P/S1.9×+0.4×

Profitability

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Operating margin9.3%—

Net margin8.1%+2.5pp

FCF margin11%+1.6pp

Returns & leverage

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Return on equity6%+2.1pp

Debt / equity0.3×0.0×

Where this comes from

Reported directly by Franklin Resources in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired.

The official record: Franklin Resources’s 10-Q, filed January 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Franklin Resources's acquisitions?: Franklin Resources (BEN) reported acquisitions of $69.7M in Q4 2025.
What does acquisitions mean?: Cash paid for business acquisitions net of cash acquired in the target company — the primary M&A cash flow line.