Companies /Financial Services

Franklin Resources Inc

NYSE: BEN Asset Management
$34.65
▼ $0.17 (−0.49%) today
Markets closed · 3:39pm ET

Q2 2026 Earnings

Reported Apr 28, 2026, 8:34am ET · SEC source
$0.71
Beat +28.65%
EPS · est. $0.55
$2.3B
Beat +11.77%
Revenue · est. $2.1B
−1.0%
Trailing market
BEN vs S&P since report
4 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
0+3%+6%+9%Apr 28Apr 29report 8:34am ETearnings−0.1%+7.5%
0+3%+6%+9%Apr 28Apr 29earnings−0.1%+7.5%
BEN +7.5%S&P 500 −0.1%
0+3%+6%+9%Apr 28Apr 29report 8:34am ETearnings+0.6%+7.5%
0+3%+6%+9%Apr 28Apr 29earnings+0.6%+7.5%
BEN +7.5%NASDAQ +0.6%
0+5%+10%Apr 27May 6report 8:34am ETearnings+2.5%+13.2%
0+5%+10%Apr 27May 6earnings+2.5%+13.2%
BEN +13.2%S&P 500 +2.5%
0+5%+10%Apr 27May 6report 8:34am ETearnings+4.9%+13.2%
0+5%+10%Apr 27May 6earnings+4.9%+13.2%
BEN +13.2%NASDAQ +4.9%
+6.86%
Day of report
−0.03%
Next session
+3.39%
One week
+5.30%
30 days

S&P 500 over the same 30 days: +6.29%.

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 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

“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

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.

BEN YoY Financials

Q2 2026 vs Q2 2025 · SEC filings Q2 2025 Q2 2026
$0$700.0M$1.4B$2.1B$2.1B$2.3BRevenue$145.6M$323.3MOperating Income$151.4M$268.2MNet Income
$0$700.0M$1.4B$2.1BRevenueOperating IncomeNet Income

BEN Revenue by Segment

Investment Management Fees$1.8B+9.0%
Sales and Distribution Fees$396.6M+9.0%
Shareholder Servicing Fees$69.0M+11.0%

BEN Revenue by Geography

United States
EMEA
Asia Pacific
Americas

Figures from SEC filings and company reports. Not investment advice.