Franklin Resources Amortization of deferred commissions increased by 11.0% to $25.30M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 34.6%, from $18.80M to $25.30M. Over 4 years (FY 2021 to FY 2025), Amortization of deferred commissions shows relatively stable performance with a 0.5% CAGR.
An increase suggests high historical sales activity, while a decrease may indicate lower new business acquisition or a shift in distribution strategy.
This reflects the systematic expensing of capitalized sales commissions paid to intermediaries for acquiring new assets...
Specific to asset management firms; peers with similar distribution models will report comparable amortization schedules.
amortization_of_deferred_commissions| Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $20.40M | $19.40M | $18.40M | $16.60M | $14.60M | $15.20M | $12.40M | $12.60M | $12.20M | $12.80M | $13.40M | $14.90M | $15.00M | $18.70M | $20.20M | $18.80M | $19.90M | $20.90M | $22.80M | $25.30M |
| QoQ Change | — | -4.9% | -5.2% | -9.8% | -12.0% | +4.1% | -18.4% | +1.6% | -3.2% | +4.9% | +4.7% | +11.2% | +0.7% | +24.7% | +8.0% | -6.9% | +5.9% | +5.0% | +9.1% | +11.0% |
| YoY Change | — | — | — | — | -28.4% | -21.6% | -32.6% | -24.1% | -16.4% | -15.8% | +8.1% | +18.3% | +23.0% | +46.1% | +50.7% | +26.2% | +32.7% | +11.8% | +12.9% | +34.6% |