Franklin Resources Inc. reported third-quarter 2026 results with revenue of $2.36B and diluted EPS of $0.31, driven by higher average assets under management and increased performance fees versus the year-ago quarter.
Financial Highlights
- Revenue was $2.36B, compared with $2.06B in the prior-year quarter; YoY change 14%.
- Net income was $171.5M, compared with $92.3M in the prior-year quarter; YoY change 86%.
- Diluted EPS was $0.31, compared with $0.15 in the prior-year quarter; YoY change 107%.
Business Highlights
- Operating revenues rose 14% for the quarter and 9% year-to-date, supported by higher average AUM and greater performance fees.
- Channel and product mix shifted toward equity, multi-asset and alternatives, with equity AUM up 15% and multi-asset up 19% year over year.
- Sales-based activity and commissionable sales increased, with commissionable sales up 31%.
- Completed the acquisition of Apera (Oct 2025) and continued expense and workforce optimization, including special termination benefits and cost-savings initiatives.
- Market-driven appreciation lifted AUM 11% year over year to $1.79T; management emphasized investment performance and client service as priorities.
Original SEC Filing:
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