Q2 25 EPS
$0.47
MISS 2.79%
Est. $0.48
Q2 25 Revenue
$2.11B
MISS 13.50%
Est. $2.44B
vs S&P Since Q2 25
+43.4%
BEATING MARKET
BEN +75.2% vs S&P +31.8%
Market Reaction
Did BEN Beat Earnings? Q2 2025 Results
Franklin Resources delivered a disappointing fiscal second quarter, missing on both the top and bottom lines as persistent outflows from Western Asset Management continued to weigh on the firm's results. Adjusted EPS came in at $0.47, falling short o… Read more Franklin Resources delivered a disappointing fiscal second quarter, missing on both the top and bottom lines as persistent outflows from Western Asset Management continued to weigh on the firm's results. Adjusted EPS came in at $0.47, falling short of the $0.48 consensus estimate by 2.79%, while revenue slid 1.9% year-over-year to $2.11 billion, a 13.50% shortfall against analyst expectations of $2.44 billion. The single most consequential drag was a $41.40 million loss on a seed investment in a since-closed renewable energy fund, which shaved $0.06 per diluted share from the adjusted figure. Western Asset remained the dominant headwind, generating $33.60 billion of the firm's $26.20 billion in long-term net outflows and pulling total AUM down 2% to $1.54 trillion. CEO Jenny Johnson highlighted that excluding Western Asset, the rest of the firm attracted $7.40 billion in net inflows, with alternatives fundraising reaching $6.80 billion and the institutional pipeline of won-but-unfunded mandates climbing to $20.40 billion, its strongest level since 2022.
Key Takeaways
- • Gross sales increased across all asset classes in Q2
- • Long-term inflows increased 9% quarter-over-quarter excluding reinvested distributions
- • Multi-asset and alternatives generated combined $9.7 billion in positive net flows
- • ETF business attracted $4.1 billion with 14th consecutive quarter of positive net flows
- • Excluding Western Asset Management, firm recorded $7.4 billion in long-term net inflows
- • Western Asset Management contributed $33.6 billion of long-term net outflows
BEN YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
BEN Revenue by Segment
With YoY comparisons, source: SEC Filings
BEN Revenue by Geography
Regional revenue distribution
“Today's complex market environment underscores the value of diversification and global scale in our business. As a leading manager of public and private assets, we continue to see progress across our business, with gross sales increasing across all asset classes in our second fiscal quarter.”
— Jenny Johnson, Q2 2025 Earnings Press Release
BEN Earnings Trends
BEN vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
BEN EPS Trend
Earnings per share: estimate vs actual
BEN Revenue Trend
Quarterly revenue: estimate vs actual
BEN Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $0.55 | $0.71 | +28.65% | $2.29B | +11.77% |
| Q1 26 BEAT | $0.55 | $0.70 | +27.53% | $2.33B | +18.49% |
| Q4 25 BEAT FY | $0.59 | $0.67 | +14.02% | $2.34B | +7.61% |
| FY Full Year | — | $2.22 | — | $8.77B | — |
| Q3 25 MISS | $0.50 | $0.49 | -2.39% | $2.06B | -1.10% |
| Q2 25 MISS | $0.48 | $0.47 | -2.79% | $2.11B | -13.50% |
| Q1 25 BEAT | $0.53 | $0.59 | +11.49% | $2.25B | -9.59% |