Franklin Resources (BEN) Q2 2026 Earnings
How Did BEN Stock React to Q2 2026 Earnings?
S&P 500 over the same 30 days: +6.29%.
Did BEN Beat Earnings? Q2 2026 Results
Yes. Franklin Resources reported Q2 2026 earnings of $0.71 a share on Apr 28, 2026, beating the $0.55 consensus estimate by 28.6%. Revenue was $2.3B against a $2.1B estimate.
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.
- $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
“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.”
Franklin Resources CEO, on the earnings call
What Was Franklin Resources's Outlook in Q2 2026?
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.
BEN YoY Financials
| Metric | Q2 2026 | Q2 2025 | Year over year |
|---|---|---|---|
| Revenue | $2.3B | $2.1B | +8.7% |
| Operating Income | $323.3M | $145.6M | +122.1% |
| Net Income | $268.2M | $151.4M | +77.2% |
BEN Revenue by Segment
BEN Revenue by Geography
Figures from SEC filings and company reports. Not investment advice.