BEN Franklin Resources (BEN) Q2 FY26 earnings call
Franklin Resources reported a strong Q2 FY26, marked by significant long-term net inflows and record gross sales, driven by diversified growth across private markets, ETFs, and its Canvas customization platform. The firm is executing ahead of its multi-year strategic plan, focusing on innovation in digital assets and expanding its global footprint. Management provided an optimistic outlook for continued margin expansion and capital allocation, while addressing specific questions on tax optimization strategies and the evolving landscape of ETF distribution.
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BEN operating KPIs by quarter
| KPI | This call Mar 2026 Q2 FY26 | Jun 2026 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|
| Long-term net inflows | $16.9BThis was an excellent quarter for Franklin Templeton, with $16.9 billion in long-term net inflows across public and private markets, reflecting the strength and breadth of our diversified global platform.Source: earnings call transcript | $18.4BThe results we reported today reflect strong execution in the quarter with $18.4 billion in long-term net inflows bringing fiscal year-to-date long-term net inflows to $63.3 billion.Source: earnings call transcript | +8.9% |
| Assets under management (AUM) Alternative | $283BFranklin Templeton is a leading manager of alternative assets with $283 billion in alternative AUM.Source: earnings call transcript | $294BAlternative AUM reached a record $294 billion during the quarter after $3 billion of realizations and distributions.Source: earnings call transcript | +3.9% |
| Assets under management (AUM) ETF | $61.6BETF AUM reached a new high of $61.6 billion, a 67% increase from last year with $4.5 billion of net inflows, our 18th consecutive quarter of positive flows.Source: earnings call transcript | $75.6BOur ETF franchise reached a record $75.6 billion in AUM with $7.1 billion of net inflows during the quarter.Source: earnings call transcript | +22.7% |
| Assets under management (AUM) Retail SMAs | $168.3BA leader in retail SMAs, we managed $168.3 billion in AUM and generated $2.7 billion in net inflows during this quarter.Source: earnings call transcript | $187.6BOur retail SMA business reached a record $187.6 billion AUM with $4.4 billion of net inflows, while Canvas, our custom portfolio solutions platform grew to a record $30.3 billion in AUM with $3.7 billion of net inflows.Source: earnings call transcript | +11.5% |
| Assets under management (AUM) Canvas | $22.9BCanvas continues to gain momentum and reached record AUM of $22.9 billion, a 27% increase from the prior quarter with positive net flows of $5.3 billion, reflecting strong client interest and personalization and tax efficiency.Source: earnings call transcript | $30.3BOur retail SMA business reached a record $187.6 billion AUM with $4.4 billion of net inflows, while Canvas, our custom portfolio solutions platform grew to a record $30.3 billion in AUM with $3.7 billion of net inflows.Source: earnings call transcript | +32.3% |
| Assets under management (AUM) International | <$500BInternationally, Franklin Templeton manages nearly $500 billion in assets with a positive long-term net flows of $5.5 billion in aggregate.Source: earnings call transcript | ~$525BInternational AUM reached approximately $525 billion with positive long-term net flows in every region.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
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