Q2 26 EPS
$0.71
BEAT +28.65%
Est. $0.55
Q2 26 Revenue
$2.29B
BEAT +11.77%
Est. $2.05B
vs S&P Since Q2 26
+10.3%
BEATING MARKET
BEN +15.3% vs S&P +4.9%
Market Reaction
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 materia… Read more 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
BEN 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, source: SEC Filings
BEN Revenue by Segment
With YoY comparisons, source: SEC Filings
BEN Revenue by Geography
Regional revenue distribution
“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.”
— Jenny Johnson, Q2 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% |