Franklin Resources Reports Strong Q3 Earnings and Record Assets Under Management
Franklin Resources (BEN) reported better-than-expected fiscal third-quarter earnings, driven by strong revenue growth and improved asset flows. The company's adjusted earnings per share reached $0.72, surpassing the consensus estimate of $0.66 and rising from $0.49 a year ago. Revenue hit approximately $2.28 billion, exceeding estimates and growing 14.3% year-over-year. Assets under management (AUM) rose to a record $1.79 trillion as market gains combined with long-term net inflows of $18.4 billion. Franklin also returned over $500 million to shareholders through dividends and share repurchases, signaling confidence in its capital structure. Despite these positives, GAAP earnings were lower than the previous quarter due to higher expenses. The company announced a rebranding to 'Franklin Templeton, Inc.' effective August 17, 2026, which is expected to enhance brand alignment but will not directly impact operations or shareholder economics.
Tickers: $BEN
Topics: Assets Under Management (AUM) Earnings Revenue Growth Share Repurchases