Franklin Resources (BEN) Q2 2025 Earnings
How Did BEN Stock React to Q2 2025 Earnings?
S&P 500 over the same 30 days: +5.15%.
Did BEN Beat Earnings? Q2 2025 Results
No. Franklin Resources reported Q2 2025 earnings of $0.47 a share on May 2, 2025, missing the $0.48 consensus estimate by 2.8%. Revenue was $2.1B against a $2.4B estimate.
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.
- 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
“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.”
Franklin Resources CEO, on the earnings call
BEN YoY Financials
| Metric | Q2 2025 | Q2 2024 | Year over year |
|---|---|---|---|
| Revenue | $2.1B | $2.2B | −1.9% |
| Operating Income | $145.6M | $129.3M | +12.6% |
| Net Income | $151.4M | $124.2M | +21.9% |
BEN Revenue by Segment
BEN Revenue by Geography
Figures from SEC filings and company reports. Not investment advice.