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Revenue by Segment
Highlights income from different business units, revealing which areas drive growth and profitability, and where strategic shifts may be needed.
Investment management fees are the primary growth driver and are trending up sustainably, fueled by alternatives, ETFs and retail SMA momentum that management is explicitly leaning on to expand margins. Sales/distribution and servicing fees have recovered since 2022, providing useful diversification, while Other remains lumpy. The upside hinges on continued conversion of non‑fee alternatives and ETF traction; near‑term risks include timing of fee recognition, regulatory scrutiny on private‑market markings, and elevated fundraising/AI expenses that could temper margin progress.
BEN Revenue by Segment
| Date | Other | Investment Management Fees | Sales and Distribution Fees | Shareholder Servicing Fees |
|---|---|---|---|---|
| Jun 30, 2026 | $13.40M | $1.87B | $404.50M | $74.30M |
| Mar 31, 2026 | $10.00M | $1.82B | $396.60M | $69.00M |
| Dec 31, 2025 | $19.60M | $1.85B | $388.70M | $70.90M |
| Sep 30, 2025 | $14.00M | $1.87B | $382.40M | $79.20M |
| Jun 30, 2025 | $11.40M | $1.64B | $351.90M | $59.90M |
| Mar 31, 2025 | $11.00M | $1.67B | $364.90M | $61.90M |
| Dec 31, 2024 | $13.30M | $1.80B | $375.50M | $63.50M |
| Sep 30, 2024 | $10.00M | $1.77B | $368.00M | $67.00M |
| Jun 30, 2024 | $12.90M | $1.69B | $358.30M | $61.80M |
| Mar 31, 2024 | $12.60M | $1.71B | $358.30M | $68.00M |
| Dec 31, 2023 | $10.00M | $1.65B | $296.40M | $32.50M |
| Sep 30, 2023 | $8.10M | $1.63B | $306.40M | $37.20M |
| Jun 30, 2023 | $12.80M | $1.61B | $304.00M | $38.80M |
| Mar 31, 2023 | $9.20M | $1.57B | $301.40M | $43.30M |
| Dec 31, 2022 | $10.00M | $1.63B | $291.90M | $33.40M |
| Sep 30, 2022 | $10.80M | $1.57B | $311.00M | $46.20M |
| Jun 30, 2022 | $12.70M | $1.64B | $335.60M | $46.90M |
| Mar 31, 2022 | $9.40M | $1.65B | $370.20M | $52.20M |
| Dec 31, 2021 | $17.60M | $1.76B | $398.20M | $47.70M |
| Sep 30, 2021 | $11.80M | $1.71B | $408.10M | $55.60M |
| Jun 30, 2021 | $8.20M | $1.70B | $416.90M | $50.50M |
| Mar 31, 2021 | $8.80M | $1.60B | $413.60M | $55.70M |
| Dec 31, 2020 | $8.40M | $1.54B | $396.90M | $49.40M |
| Sep 30, 2020 | $8.00M | $1.28B | $366.70M | $45.70M |
| Jun 30, 2020 | $5.20M | $809.30M | $302.10M | $44.60M |
| Mar 31, 2020 | $6.50M | $908.20M | $341.70M | $54.80M |