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% |
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.