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Franklin Resources

Franklin Resources (BEN) Q2 2026 Earnings

Reported Apr 28, 2026 at 8:34 AM ET · SEC Source

Q2 26 EPS

$0.71

BEAT +28.65%

Est. $0.55

Q2 26 Revenue

$2.29B

BEAT +11.77%

Est. $2.05B

vs S&P Since Q2 26

+10.3%

BEATING MARKET

BEN +15.3% vs S&P +4.9%

Market Reaction

Did BEN Beat Earnings? Q2 2026 Results

Franklin Resources delivered a standout fiscal second quarter, with earnings per share of $0.71 beating the $0.55 consensus estimate by 28.65% and revenue of $2.29 billion topping expectations by 11.77% on 8.7% year-over-year growth. The most materia… Read more Franklin Resources delivered a standout fiscal second quarter, with earnings per share of $0.71 beating the $0.55 consensus estimate by 28.65% and revenue of $2.29 billion topping expectations by 11.77% on 8.7% year-over-year growth. The most material driver behind the beat was a dramatic improvement in operating leverage: GAAP operating income more than doubled to $323.30 million as total operating expenses held essentially flat year-over-year at $1.97 billion, pushing operating margin to 14.1% from 6.9% a year ago. Equally notable was a sharp swing in long-term net flows, with the firm generating $16.90 billion in net inflows compared to $26.20 billion in net outflows in the prior-year quarter, led by strength in alternatives and multi-asset strategies. AUM closed the quarter at $1.68 trillion and has since climbed to $1.74 trillion as of April 30, reflecting continued momentum. CEO Jenny Johnson noted the company's multi-year strategy remains ahead of plan, with private markets fundraising, ETFs, and custom indexing identified as key engines of sustainable growth going forward.

Key Takeaways

  • • $17 billion in long-term net inflows across public and private markets, reversing $26.2 billion of net outflows a year ago
  • • Long-term inflows of $118 billion, up from $86.8 billion in the prior-year quarter
  • • $14.3 billion in alternatives fundraising including $13.2 billion in private market assets
  • • $9.5 billion in multi-asset net inflows, 19th consecutive quarter of positive flows in that asset class
  • • ETFs and Canvas reached record AUM with $4.5 billion and $5.3 billion in net inflows respectively
  • • Positive long-term net flows in every region
  • • Improved gross sales across all asset classes
  • • Absence of prior-year intangible asset impairment charge of $24.4 million
  • • Reduction in amortization of intangible assets to $50.6 million from $112.5 million year-over-year

BEN Forward Guidance & Outlook

CEO Jenny Johnson indicated that while markets remain uncertain, the company's multi-year strategy is clear and ahead of plan. The firm is focused on delivering strong investment outcomes, deepening client relationships, and evolving capabilities to drive sustainable long-term growth. Key growth areas include alternatives/private markets fundraising, ETFs, Canvas custom indexing, and multi-asset strategies.

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BEN YoY Financials

Q2 2026 vs Q2 2025, source: SEC Filings

24/7 Wall St

BEN Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 26 Q2 26
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BEN Revenue by Geography

Regional revenue distribution

“Franklin Templeton delivered another strong quarter, with $17 billion in long-term net inflows across public and private markets, reflecting the strength of our diversified global platform. We saw improved gross sales across all asset classes, and importantly, positive long-term net flows in every region, demonstrating the impact of our local client engagement and global reputation.”

— Jenny Johnson, Q2 2026 Earnings Press Release

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