Jun 2026 (Q3 FY26) — Jul 31, 2026
Franklin Templeton Q3 FY26 — Record AUM and Strong Net Inflows Across All Asset Classes and Geographies
Read the full callFranklin Templeton (BEN) earnings
- Jun 2026
- Jun 2026 (Q3 FY26)
- Sep 2025
Franklin Templeton earnings: last reported Fri, 31 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 2,358 | +14.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 9.2 | +1.7 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 172 | +85.8% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
8 of 12 judged targets kept · 47 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Effective Fee Rate (EFR) | mid- to high 37s | Mar 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 ] | Achieved |
| Total adjusted expenses | at or below adjusted expenses versus fiscal 2025 | Sep 2025 | we expect expenses to be about 3% to 3.5% above full year '25. | Revised Down |
| Compensation and benefits expense | $830 million | Mar 2026 | Pending |
4 of FRANKLIN RESOURCES INC's 59 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 56 more targets are in the full ledger.
Claimed
- $18.4 billion in long-term net inflows, bringing fiscal year-to-date to $63.3 billion.
- Record AUM of $1.8 trillion.
- Institutional pipeline reached a record $28.6 billion, increasing more than $8 billion from last quarter.
- Alternative AUM reached a record $294 billion, with $11.8 billion raised across the platform during the quarter.
- Adjusted operating income increased to $508.9 million, up 7% from the prior quarter and 35% from a year ago.
- Operating margin expected to reach close to 30% for fiscal Q4 FY26 and 29-30% for full year FY27, ahead of plan.
Qualified
Price
$31.38 +2.78% · +$0.85
Performance +36.9% 1Y
1Y: $22.92 on 14 Oct 2025 → $31.38. High $35.77 (4 Aug 2026), low $21.18 (20 Nov 2025).
- Previous close
- $30.53
- 52-week range
- $21.18 – $35.77
- One year
- +37.69%
Overview
- Symbol
- BEN
- Sector
- Financials
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
8 of 12 judged targets kept · 47 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Effective Fee Rate (EFR) | mid- to high 37s | Mar 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 ] | Achieved |
| Total adjusted expenses | at or below adjusted expenses versus fiscal 2025 | Sep 2025 | we expect expenses to be about 3% to 3.5% above full year '25. | Revised Down |
| Compensation and benefits expense | $830 million | Mar 2026 | Pending |
Claimed
- $18.4 billion in long-term net inflows, bringing fiscal year-to-date to $63.3 billion.
- Record AUM of $1.8 trillion.
- Institutional pipeline reached a record $28.6 billion, increasing more than $8 billion from last quarter.
- Alternative AUM reached a record $294 billion, with $11.8 billion raised across the platform during the quarter.
- Adjusted operating income increased to $508.9 million, up 7% from the prior quarter and 35% from a year ago.
- Operating margin expected to reach close to 30% for fiscal Q4 FY26 and 29-30% for full year FY27, ahead of plan.
Qualified
The full ledger
Open FRANKLIN RESOURCES INC’s full ledger
A free account opens 5 company ledgers a month. All 59 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q2 FY26) — Apr 28, 2026
Franklin Resources Q2 FY26 — Strong Long-Term Inflows and Private Markets Fundraising
Read the full callEvery analysed call
Franklin Templeton earnings calls (BEN)
Financials
What the filings say
Net profit, year on year: +86% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 2,211 | 2,252 | 2,111 | 2,064 | 2,344 | 2,327 | 2,295 | 2,358 |
| Operating profit | -151 | 219 | 146 | 154 | 85 | 281 | 323 | 216 |
| Operating margin | −6.8% | 9.7% | 6.9% | 7.5% | 3.6% | 12.1% | 14.1% | 9.2% |
| Other income | 105 | 94 | -103 | 23 | 169 | 171 | 122 | 155 |
| Interest | 25 | 23 | 21 | 26 | 25 | 20 | 20 | 24 |
| Profit before tax | -46 | 313 | 43 | 177 | 254 | 452 | 446 | 371 |
| Tax rate | −20.6% | 25.9% | 72.8% | 33.9% | 25.9% | 23.2% | 22.2% | 31.2% |
| Net profit | -85 | 164 | 151 | 92 | 118 | 256 | 268 | 172 |
| EPS ($ per share) | — | 0.29 | 0.26 | 0.15 | — | 0.46 | 0.49 | 0.31 |
| Line item | Sep 2018 | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 52 | 50 | 50 | 50 | 50 | 50 | 52 | 52 |
| Reserves | 10,218 | 10,288 | 10,473 | 11,551 | 12,046 | 12,377 | 11,928 | 11,516 |
| Total liabilities | 3,132 | 3,161 | 10,274 | 11,425 | 14,236 | 16,547 | 17,900 | 18,180 |
| Fixed assets | 535 | 684 | 814 | 770 | 743 | 800 | 946 | 949 |
| Total assets | 14,384 | 14,532 | 21,685 | 24,168 | 28,061 | 30,121 | 32,465 | 32,368 |
| Line item | Sep 2018 | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 2,230 | 269 | 1,083 | 1,245 | 1,957 | 1,089 | 971 | 1,066 |
| Cash from investing | -290 | -1,275 | -4,062 | -2,616 | -3,329 | -3,610 | -2,424 | -2,343 |
| Cash from financing | -3,762 | 340 | 734 | 2,030 | 1,585 | 2,107 | 1,416 | 452 |
| Net cash flow | -1,839 | -704 | -2,217 | 657 | 135 | -380 | 7 | -835 |
| Capital expenditure | -106 | -234 | -104 | -79 | -90 | -149 | -177 | -154 |
| Free cash flow | 2,123 | 35 | 980 | 1,166 | 1,866 | 940 | 794 | 912 |
BEN revenue by segment
| Segment | Q3 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Investment Advisory Management and Administrative Service | 80% | 80% | 79% | 80% | 80% | 79% | 79% | 79% | +13.7% |
| Sales and Distribution Fees | 17% | 17% | 17% | 17% | 16% | 17% | 17% | 17% | +14.9% |
| Shareholder Service | 3% | 3% | 3% | 3% | 3% | 3% | 3% | 3% | +24.0% |
| Service Other | 1% | 1% | 1% | 1% | 1% | 1% | <1% | 1% | +17.5% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
BEN operating KPIs by quarter
| KPI | 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.
Revenue by region
Q3 FY2026 · share of revenue
- US 73% ↓ 3 pt
- LU 17% ↑ 2 pt
- Asia Pacific 4% ↑ 1 pt
- Europe Middle East and Africa Excluding Luxembourg 3%
- Americas Excluding United States 3%
As BEN cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
40 filings between Nov 4, 2025 and Aug 31, 2026.
Open market
decisions to buy or sellPurchases
$2.13M
2 purchases by 1 insider
Sales
None
No insider sold shares.
Compensation
not trading decisions- 18
- Award — granted as compensation
- 11
- Tax withheld — shares kept back by the company to cover tax
Also filed: 9 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| JOHNSON CHARLES B | $2.13M | — | Nov 20, 2025 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Aug 31, 2026 | Gamba Daniel Co-President, Chief Commercial | Tax withheld | 64,136 | $2.19M |
| Aug 31, 2026 | Merchant Thomas C EVP, General Counsel | Tax withheld | 9,807 | $334.9K |
| Aug 31, 2026 | Murphy Terrence Co-President, Public Markets | Tax withheld | 25,125 | $858.0K |
| Aug 31, 2026 | Nicholls Matthew Co-President, CFO & COO | Tax withheld | 61,533 | $2.10M |
| Aug 31, 2026 | Oshita Lindsey Harumi Chief Accounting Officer | Tax withheld | 2,598 | $88.7K |
| Aug 31, 2026 | JOHNSON GREGORY E Executive Chairman | Tax withheld | 10,568 | $360.9K |
| Aug 31, 2026 | JOHNSON JENNIFER M Chief Executive Officer | Tax withheld | 116,053 | $3.96M |
| Jul 21, 2026 | Murphy Terrence Co-President, Public Markets | Award | 229,850 | $7.50M |
| Jul 21, 2026 | Gamba Daniel Co-President, Chief Commercial | Award | 229,850 | $7.50M |
| Jul 21, 2026 | JOHNSON JENNIFER M Chief Executive Officer | Award | 229,850 | $7.50M |
| Jul 21, 2026 | Nicholls Matthew Co-President, CFO & COO | Award | 229,850 | $7.50M |
| Feb 4, 2026 | Noto Anthony Director | Award | 7,593 | $205.0K |
| Feb 3, 2026 | YANG GEOFFREY Y Director | Award | 7,593 | $205.0K |
| Feb 3, 2026 | Noto Anthony Director | Award | 7,593 | $205.0K |
| Feb 3, 2026 | Byerwalter Mariann H Director | Award | 7,593 | $205.0K |
| Feb 3, 2026 | Thiel John W Director | Award | 7,593 | $205.0K |
| Jan 5, 2026 | JOHNSON JENNIFER M Chief Executive Officer | Gift | 6,272 | — |
| Jan 5, 2026 | JOHNSON JENNIFER M Chief Executive Officer | Gift | 3,920 | — |
| Dec 26, 2025 | JOHNSON JENNIFER M Chief Executive Officer | Gift | 6,360 | — |
| Dec 26, 2025 | JOHNSON GREGORY E Executive Chairman | Gift | 2,544 | — |
| Dec 26, 2025 | JOHNSON GREGORY E Executive Chairman | Gift | 1,272 | — |
| Dec 26, 2025 | JOHNSON CHARLES B 10% owner | Gift | 25,440 | — |
| Dec 26, 2025 | JOHNSON GREGORY E Executive Chairman | Gift | 1,272 | — |
| Dec 26, 2025 | JOHNSON JENNIFER M Chief Executive Officer | Gift | 1,272 | — |
| Dec 17, 2025 | JOHNSON CHARLES B 10% owner | Gift | 3,816 | — |
| Dec 1, 2025 | Merchant Thomas C EVP, General Counsel | Tax withheld | 8,091 | $182.4K |
| Dec 1, 2025 | Nicholls Matthew Co-President, CFO & COO | Tax withheld | 50,427 | $1.14M |
| Dec 1, 2025 | JOHNSON GREGORY E Executive Chairman | Tax withheld | 8,460 | $190.7K |
| Dec 1, 2025 | JOHNSON JENNIFER M Chief Executive Officer | Tax withheld | 42,603 | $960.3K |
| Nov 20, 2025 | JOHNSON CHARLES B 10% owner | Purchase | 50,000 | $1.06M |
| Nov 18, 2025 | JOHNSON CHARLES B 10% owner | Purchase | 50,000 | $1.07M |
| Nov 4, 2025 | Nicholls Matthew Co-President, CFO & COO | Award | 91,183 | — |
| Nov 4, 2025 | Murphy Terrence Co-President, Public Markets | Award | 46,730 | $1.06M |
| Nov 4, 2025 | Merchant Thomas C EVP, General Counsel | Award | 22,688 | $512.5K |
| Nov 4, 2025 | Merchant Thomas C EVP, General Counsel | Award | 16,494 | — |
| Nov 4, 2025 | Nicholls Matthew Co-President, CFO & COO | Award | 110,226 | $2.49M |
| Nov 4, 2025 | JOHNSON GREGORY E Executive Chairman | Award | 25,012 | $565.0K |
| Nov 4, 2025 | JOHNSON GREGORY E Executive Chairman | Award | 16,656 | — |
| Nov 4, 2025 | JOHNSON JENNIFER M Chief Executive Officer | Award | 306,552 | $6.93M |
| Nov 4, 2025 | JOHNSON JENNIFER M Chief Executive Officer | Award | 108,262 | — |
| Oct 15, 2025 | Gamba Daniel Co-President, Chief Commercial | Award | 442,870 | $10.09M |
| Oct 14, 2025 | Oshita Lindsey Harumi Chief Accounting Officer | Award | 7,637 | $175.0K |
| Aug 31, 2025 | Oshita Lindsey Harumi Chief Accounting Officer | Tax withheld | 2,328 | $59.7K |
| Aug 31, 2025 | Spector Adam Benjamin EVP, Head Global Distribution | Tax withheld | 29,034 | $745.0K |
| Aug 31, 2025 | Murphy Terrence EVP, Head of Public Markets | Tax withheld | 19,214 | $493.0K |
| Aug 31, 2025 | Merchant Thomas C EVP, General Counsel | Tax withheld | 8,877 | $227.8K |
| Aug 31, 2025 | Nicholls Matthew EVP, CFO & COO | Tax withheld | 63,619 | $1.63M |
| Aug 31, 2025 | Sethi Alok EVP, Head of Global Operations | Tax withheld | 8,740 | $224.3K |
| Aug 31, 2025 | JOHNSON JENNIFER M President and CEO | Tax withheld | 120,307 | $3.09M |
| Aug 31, 2025 | JOHNSON GREGORY E Executive Chairman | Tax withheld | 11,794 | $302.6K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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