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Franklin Resources (BEN)
NYSE:BEN
Earnings Data
Report Date
May 04, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.58Last Year’s EPS
0.47Same Quarter Last Year
Moderate Sell
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong and broad-based commercial momentum — record long-term inflows, rising AUM, robust ETF and private markets fundraising, continued product diversification (Canvas, SMAs, Investment Solutions), and strategic tech initiatives (AI and tokenization). Short-term headwinds include fixed income outflows largely tied to Western Asset, some near-term performance declines in shorter time horizons, regulatory overhang that is easing but still affecting flows, and episodic performance-fee volatility. Management reiterated a disciplined expense approach with a $200M cost-savings target and margin improvement roadmap to >30% by 2027. Overall, positive operational and strategic progress outweighs the localized challenges.Company Guidance
Record Long-Term Inflows and Strong Sequential/Year-over-Year Growth
Record long-term inflows of $118.6 billion for the quarter, up 40% from the prior quarter and 22% year-over-year. Long-term net inflows were $28.0 billion (or $34.6 billion excluding Western Asset), with the latter nearly double the prior year quarter ($34.6B vs $17.9B, ~93% increase) and marking a ninth consecutive quarter of positive comparable flows.
Assets Under Management and Asset-Class Breadth
Total AUM ended the quarter at $1.68 trillion with record AUM in three of four asset classes. Multi-asset AUM is nearly $200 billion with $4.0 billion of net inflows (18th consecutive quarter of positive net flows).
Equity and ETF Momentum
Equity net inflows were $19.8 billion (inclusive of $24.6 billion reinvested distributions). ETF AUM reached a new high of $58 billion with $7.5 billion of net flows (17th consecutive positive quarter); active ETF net flows were $5.5 billion, representing ~70% of total ETF net flows. 15 ETFs exceed $1 billion in AUM.
Private Markets and Alternatives Growth
Alternatives AUM totaled $274 billion. Alternatives fundraising was $10.8 billion during the quarter (including $9.5 billion in private market assets). Aggregate realizations and distributions were $4.8 billion. Lexington Partners' AUM rose to $83 billion, up 46% since acquisition in 2022. Private credit alignment (Benefit Street Partners) and the Apira acquisition expand direct lending capabilities in Europe.
Retail and Wealth Solutions Traction (Canvas, SMAs, Investment Solutions)
Retail SMAs AUM rose to $171 billion with $2.4 billion of net inflows; Canvas generated $1.4 billion of net flows and reached $18 billion in AUM (net flow positive since acquisition). Investment Solutions enterprise AUM surpassed $100 billion, underscoring demand for integrated, outcome-oriented solutions.
Product Diversification and Institutional Pipeline
Positive net flows across equity, multi-asset, alternatives and ETFs; excluding Western Asset, fixed income delivered its eighth consecutive quarter of positive net flows. Institutional 'won but unfunded' pipeline remains strong at $20.4 billion and fundraising was broadly diversified across alternative specialist teams.
Technology and Innovation: Digital Assets and AI
Digital asset AUM totaled $1.8 billion (approx. $900 million in tokenized funds and $800 million in crypto ETFs). Launched Intelligence Hub, an AI-driven distribution platform built on Microsoft Azure, and highlighted blockchain tokenization initiatives (Benji money market) with demonstrable transaction-cost reductions vs legacy rails.
Investment Performance and Recognition
Over half of mutual fund and ETF AUM outperform peer medians across 3-, 5- and 10-year periods; mutual fund performance improved in 5- and 10-year periods. Franklin Templeton recognized again as a top workplace in money management by Pensions & Investments.
Financial and Margin Progress
Adjusted operating income of $437.3 million. Management reiterated cost-savings plan ($200 million targeted) and expects flat FY26 expenses versus FY25 on a markets-flat basis (excluding performance fees). Guidance targets exiting fiscal 2026 with margins in the high-20s and achieving >30% operating margin by 2027 if strategic goals are met.
BEN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
BEN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 30, 2026 | $25.88 | $26.62 | +2.86% |
Nov 07, 2025 | $22.93 | $21.93 | -4.39% |
Aug 01, 2025 | $23.35 | $23.30 | -0.21% |
May 02, 2025 | $17.98 | $19.25 | +7.05% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Franklin Resources (BEN) report earnings?
Franklin Resources (BEN) is schdueled to report earning on May 04, 2026, Before Open (Confirmed).
What is Franklin Resources (BEN) earnings time?
Franklin Resources (BEN) earnings time is at May 04, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BEN EPS forecast?
BEN EPS forecast for the fiscal quarter 2026 (Q2) is 0.58.