---
title: "Franklin Resources: Business Model"
description: "Franklin Resources revenue by product line and geography from its fiscal 2025 Form 10-K, with each part's share, growth and profitability explained."
canonical: https://www.getswoopr.com/stocks/companies/franklin-resources/business-model/
source: "Swoopr Investment: https://www.getswoopr.com"
---

# Franklin Resources: Business Model & Revenue Engine

## Direct Answer

Franklin Resources reports revenue across 4 product and service lines in its fiscal 2025 Form 10-K. Investment Advisory Management and Administrative Service is the largest, with $7.0 billion of revenue (80% of the total), followed by Sales and Distribution Fees at $1.5 billion (17%). 75% of revenue came from the United States.

## How Does Franklin Resources Make Money?

Investment Advisory Management and Administrative Service supplies 80% of revenue, so Franklin Resources's results move mostly with that one business; the others matter more for diversification than for the headline number. Between fiscal 2024 and 2025, Shareholder Service grew fastest (+15.4%) and Investment Advisory Management and Administrative Service slowest (+2.3%), so the revenue mix tilts toward Shareholder Service while that gap lasts.

| Product or service | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
| --- | --- | --- | --- | --- |
| Investment Advisory Management and Administrative Service | $7.0 billion | $6.8 billion | 79.6% | 2.3% |
| Sales and Distribution Fees | $1.5 billion | $1.4 billion | 16.8% | 6.8% |
| Shareholder Service | $265 million | $229 million | 3.0% | 15.4% |
| Service Other | $50 million | $46 million | 0.6% | 9.2% |

![Bar chart of Franklin Resources revenue by product line for fiscal 2025: Investment Advisory Management and Administrative Service 79.6%, Sales and Distribution Fees 16.8%, Shareholder Service 3.0%, Service Other 0.6%.](https://www.getswoopr.com/images/charts/franklin-resources-business-model-segment-mix.webp)
*Franklin Resources revenue by product line as a share of total revenue, from the table above. The largest is highlighted. Select the chart to open it full size.*

## Where Does Franklin Resources's Revenue Come From?

Regions follow the definitions in the filing; most companies assign revenue by customer location.

| Region | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
| --- | --- | --- | --- | --- |
| United States | $6.6 billion | $6.4 billion | 75.4% | 4.0% |
| LU | $1.3 billion | $1.2 billion | 14.8% | 4.7% |
| Asia Pacific | $328 million | $309 million | 3.7% | 6.1% |
| Europe Middle East and Africa Excluding Luxembourg | $279 million | $306 million | 3.2% | -8.8% |
| Americas Excluding United States | $254 million | $268 million | 2.9% | -5.2% |

## What the Segment Figures Do Not Show

The rows above add up to 100% of Franklin Resources's reported revenue for fiscal 2025; the difference is intersegment eliminations, corporate revenue or items the company reports outside its segments. Segment definitions are management's choice and change when a company reorganizes, in which case it restates prior years in the next filing, so a multi-year comparison should use the figures from a single filing. Revenue shows where sales come from, not where profit or cash is earned: a small segment can carry most of the margin.

## Where These Numbers Come From

Every figure on this page is a value Franklin Resources reported in the segment note and revenue disclosures of its Form 10-K filed November 10, 2025 (accession 0000038777-25-000238), read from the SEC's Financial Statement Data Sets. The prior-year column is the comparative figure from that same filing, so it reflects any restatement for a change in segments. Category names are the company's own XBRL labels, lightly reformatted for reading.

Rows that only total other rows (for example a "Products" line beside the individual products) are left out so nothing is counted twice. This page is educational and describes reported history for fiscal 2025; it is not a forecast or a recommendation.

## Frequently Asked Questions

### What are Franklin Resources's main products and services?

In its fiscal 2025 Form 10-K, Franklin Resources reports revenue for Investment Advisory Management and Administrative Service, Sales and Distribution Fees, Shareholder Service and Service Other.

### Which part of Franklin Resources brings in the most revenue?

Investment Advisory Management and Administrative Service, with $7.0 billion of revenue in fiscal 2025, or 80% of the total.

### How much of Franklin Resources's revenue comes from outside the United States?

25% in fiscal 2025, by the geographic breakdown Franklin Resources reports in its Form 10-K. Companies assign revenue to regions differently (customer location, shipping address or selling entity), so check the filing's definition before comparing companies.

## References

- [SEC EDGAR: FRANKLIN TEMPLETON INC Form 10-K filed November 10, 2025](https://www.sec.gov/Archives/edgar/data/38777/000003877725000238/ben-20250930.htm)
- [SEC EDGAR: FRANKLIN TEMPLETON INC annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=38777&type=10-K)
- [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces)
- [SEC: Financial Statement Data Sets](https://www.sec.gov/data-research/sec-markets-data/financial-statement-data-sets)

## Related Pages

- [Franklin Resources company dossier](https://www.getswoopr.com/stocks/companies/franklin-resources/)
- [Franklin Resources financial metrics](https://www.getswoopr.com/stocks/companies/franklin-resources/metrics/)
- [Franklin Resources financial risk indicators](https://www.getswoopr.com/stocks/companies/franklin-resources/risks/)
- [Franklin Resources peer comparison](https://www.getswoopr.com/stocks/companies/franklin-resources/competitors/)
- [Franklin Resources business model and revenue mix](https://www.getswoopr.com/stocks/companies/franklin-resources/business-model/)
- [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/)

**[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)**

Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. We do not provide personalized financial advice. See our [editorial policy](https://www.getswoopr.com/legal/editorial-policy/) and [corrections policy](https://www.getswoopr.com/legal/corrections-policy/).