Q1 26 EPS
$0.70
BEAT +27.53%
Est. $0.55
Q1 26 Revenue
$2.33B
BEAT +18.49%
Est. $1.96B
vs S&P Since Q1 26
+20.4%
BEATING MARKET
BEN +28.3% vs S&P +7.9%
Market Reaction
Did BEN Beat Earnings? Q1 2026 Results
Franklin Resources delivered a standout fiscal first quarter for 2026, with adjusted diluted EPS of $0.70 clearing the $0.55 consensus estimate by 27.53% and revenue of $2.33 billion beating expectations by 18.49% while rising 3.4% year over year. Th… Read more Franklin Resources delivered a standout fiscal first quarter for 2026, with adjusted diluted EPS of $0.70 clearing the $0.55 consensus estimate by 27.53% and revenue of $2.33 billion beating expectations by 18.49% while rising 3.4% year over year. The headline result was powered by a dramatic reversal in client flows, as the asset manager posted $28.0 billion in long-term net inflows compared to $50.0 billion in net outflows in the year-ago quarter, a swing that helped lift total AUM to $1.68 trillion at quarter-end. GAAP net income attributable to the company climbed to $255.50 million from $163.60 million a year ago, aided by the absence of a $202.20 million intangible asset impairment charge that had burdened the prior quarter, while adjusted net income reached $378.40 million. Alternatives fundraising contributed meaningfully at $10.8 billion, including $9.5 billion in private markets, and the company's growing institutional profile was underscored by a new initiative enabling tokenized money market fund shares as collateral for digital asset trading.
Key Takeaways
- • Long-term net inflows of $28.0 billion, reversing prior year's $50.0 billion in net outflows
- • Alternatives fundraising of $10.8 billion including $9.5 billion in private market assets
- • ETF platform reached $58 billion in AUM with $7.5 billion in net flows, 17th consecutive positive quarter
- • Equity AUM grew to $697.2 billion with $19.8 billion in net inflows
- • Retail SMA AUM exceeded $170 billion with $2.4 billion in net inflows
- • Canvas AUM increased 11% to $18 billion with $1.4 billion in net flows
- • Absence of prior quarter's $202.2 million intangible asset impairment charge improved GAAP results
BEN YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
BEN Revenue by Segment
With YoY comparisons, source: SEC Filings
BEN Revenue by Geography
Regional revenue distribution
“Our first fiscal quarter continued the momentum we built last year with strong client activity across Franklin Templeton's diversified global platform, with positive net flows in both public and private markets. Long-term net inflows were $28.0 billion, with record AUM and positive net flows across equity, multi-asset and alternatives strategies, as well as ETFs, retail SMAs and Canvas®. Excluding Western Asset Management, long-term net inflows totaled $34.6 billion, nearly double the prior year quarter, extending our track record to a ninth consecutive quarter of positive flows on a comparable basis.”
— Jenny Johnson, Q1 2026 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% |