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What Franklin Resources promised, and what happened

Guidance Tracker · every commitment management made on a call, tracked from the quarter it was made

Guidance

What management said, and what became of it

8 of 12 judged targets kept · 47 open · verdicts reflect calls analysed to Jun 2026.

TargetOriginal wordingSaidLatest callVerdict
Effective Fee Rate (EFR)mid- to high 37sMar 2026Jun 2026:We expect the effective fee rate to be roughly the same as what it was this quarter that we're reporting today in the mid- to high [ 37 ]
Call transcript, Jun 2026 · no direct link		Achieved
Total adjusted expensesat or below adjusted expenses versus fiscal 2025Sep 2025Jun 2026:we expect expenses to be about 3% to 3.5% above full year '25.
Call transcript, Jun 2026 · no direct link		Revised Down
Compensation and benefits expense$830 millionMar 2026No later analysed call mentions it.Pending

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

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