# FRANKLIN RESOURCES INC (BEN) MD&A by fiscal year

Verbatim Item 7 Management's Discussion and Analysis sections from FRANKLIN RESOURCES INC's 10-K filings, one page per fiscal year. Extracted from SEC filings with the same bounded parser for every year. Filer text, not grepcent analysis or investment advice.

- [FY 2025 MD&A](/company/BEN/mda/fy2025/): filed 2025-11-10; accession 0000038777-25-000238 (https://www.sec.gov/Archives/edgar/data/38777/000003877725000238/ben-20250930.htm); latest 10-K
- [FY 2024 MD&A](/company/BEN/mda/fy2024/): filed 2024-11-12; accession 0000038777-24-000206 (https://www.sec.gov/Archives/edgar/data/38777/000003877724000206/ben-20240930.htm)
- [FY 2023 MD&A](/company/BEN/mda/fy2023/): filed 2023-11-14; accession 0000038777-23-000169 (https://www.sec.gov/Archives/edgar/data/38777/000003877723000169/ben-20230930.htm)
- [FY 2022 MD&A](/company/BEN/mda/fy2022/): filed 2022-11-14; accession 0000038777-22-000198 (https://www.sec.gov/Archives/edgar/data/38777/000003877722000198/ben-20220930.htm)
- [FY 2021 MD&A](/company/BEN/mda/fy2021/): filed 2021-11-19; accession 0000038777-21-000205 (https://www.sec.gov/Archives/edgar/data/38777/000003877721000205/ben-20210930.htm)

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