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Franklin Resources
Franklin Resources (BEN) investor relations material
Franklin Resources Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 earnings summary30 Jan, 2026
Executive summary
Assets under management (AUM) reached $1.68 trillion, up 1.4% from the prior quarter and 6.9% year-over-year, driven by record long-term inflows of $118.6 billion and the Apera Asset Management acquisition.
Net income for the quarter was $255.5 million, up 117% sequentially and 56% year-over-year, with adjusted net income at $378.4 million and adjusted diluted EPS at $0.70, up 19% year-over-year.
Over half of mutual fund/ETF and strategy composite AUM outperformed peers and benchmarks over 3-, 5-, and 10-year periods.
Strong client activity and momentum across diversified global platform, with record AUM in three of four asset classes and positive flows in equity, multi-asset, and alternatives.
Alternatives fundraising contributed $10.8 billion, including $9.5 billion in private market assets, and the acquisition of Apera expanded direct lending in Europe.
Financial highlights
Adjusted operating income was $437.3 million, up 6% year-over-year, with adjusted operating margin at 25.0% and adjusted net income at $378.4 million.
Adjusted diluted EPS was $0.70, up 4% sequentially and 19% year-over-year.
Operating revenues were $2,327.1 million, up 3% year-over-year; operating income grew 28% year-over-year to $281.0 million.
Cash and cash equivalents stood at $2,672.1 million at quarter-end; total cash and investments were $6.2 billion.
Dividends of $0.33 per share were declared, and 1.8 million shares were repurchased for $41.9 million.
Outlook and guidance
Expenses expected to remain flat year-over-year in 2026, with cost savings offsetting investments and margin expansion anticipated in the third and fourth quarters, targeting high-20s percent by year-end and 30%+ by fiscal 2027, assuming flat markets.
Management remains focused on expense management, strategic investments in technology, and workforce optimization, with continued regular dividends and opportunistic share repurchases.
Further cost savings and integration opportunities expected, with AI and technology as key drivers.
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Next Franklin Resources earnings date
Q2 20261 May, 2026
Franklin Resources
Next Franklin Resources earnings date
Q2 20261 May, 2026
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Frequently asked questions
Mutual Funds and More
Franklin Resources, Inc., operating as Franklin Templeton, is an American investment management organization with multinational operations. It provides a range of investment and wealth management services, including mutual funds, pension plans, and institutional and private wealth management solutions. It is headquartered in San Mateo, California, and its shares are listed on the NYSE.
Named After Benjamin Franklin
Franklin Templeton was founded in 1947 in New York by Rupert Johnson who named it after Benjamin Franklin, and initially operated as a traditional retail mutual fund company. During the 70s and 80s, the company saw significant growth under the leadership of Charles Johnson, Rupert’s son. During the first half of the 1980s, the company increased its assets under management by roughly 100% every single year. It also expanded its offerings and began to diversify its investment portfolios and Franklin made several key acquisitions that expanded its global reach. In 1992, it acquired Templeton, Galbraith & Hansberger Ltd., a move that significantly bolstered its international investment capabilities and gave the company the name it currently operates under.
The Key Business Segment
At its core, Franklin Templeton specializes in managing investment funds, which include mutual funds, institutional funds, and other pooled investment vehicles. The company provides investment management and advisory services to clients across various asset classes such as equities, fixed income, and alternative investments. Their investment approach combines individual stock selection, sector allocation, and macroeconomic analysis, aiming to deliver risk-adjusted returns over the long term. Some similar companies to Franklin Templeton listed on public exchanges are The Carlyle Group, KKR, and Apollo Global Management.
The Investment Products
The company offers a diversified range of investment products. These include traditional mutual funds, sector-specific funds, target-date retirement funds, and ETFs (Exchange-Traded Funds). Additionally, Franklin Templeton has expanded into alternative investments, offering products in areas like real estate, hedge funds, and private equity, catering to a broader range of investors and risk appetites.
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