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Franklin Templeton (BEN) Q3 FY2026 earnings: revenue $2.4 billion, up 14.3% on the year

Franklin Templeton Inc. (BEN) reported revenue of $2.4 billion for Q3 FY2026, the quarter ended 30 June 2026, up 14.3% on the same quarter a year earlier. Net income was $172 million, up 85.8% on the year, and diluted earnings per share $0.31. The figures are the company's own, from the 10-Q it filed with the SEC on 31 July 2026.

Revenue
$2.4 billion
+14.3% on the year · +2.8% on the quarter
Q4 FY2024Q3 FY2026
Operating margin
9.2%
7.5% a year earlier
Q4 FY2024Q3 FY2026
Net income
$172 million
+85.8% on the year · -36.1% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$0.31
+106.7% on the year · -36.7% on the quarter
Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

  • Net income and diluted EPS declined sequentially: Net income attributable to Franklin Resources was $171.5 million, or $0.31 diluted EPS, against $268.2 million or $0.49 in the prior quarter and $92.3 million or $0.15 a year earlier.
  • Operating income fell from prior quarter: Operating income was $215.8 million, down from $323.3 million in the prior quarter and up from $154.1 million a year earlier. Operating margin was 9.2%, against 14.1% in the prior quarter.
  • Ending AUM grew to a record: Ending AUM was $1,791.6 billion, up $109.5 billion in the quarter, mainly from $98.0 billion of net market change, distributions and other.
Read the earnings call summary

Income statement (profit and loss)

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Revenue2,3582,2952,064+2.8%+14.3%
Operating income216323154-33.3%+40.0%
Operating margin9.2%14.1%7.5%
Interest expense23.519.925.8+18.1%-8.9%
Pre-tax income371446177-16.8%+110.0%
Income tax11699.159.9+16.6%+93.0%
Effective tax rate31.2%22.2%33.9%
Net income17226892.3-36.1%+85.8%
Net margin7.3%11.7%4.5%
Diluted EPS$0.31$0.49$0.15-36.7%+106.7%
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Operating cash flow581-27.61,282-54.7%
Capital expendituren/an/a14.0
Free cash flown/an/a1,268
Free cash flow marginn/an/a61.4%
Cash from investing-1,661-1,359-881
Cash from financing1,2741,491-16.4-14.5%
Depreciation and amortisation32.129.433.5+9.2%-4.2%
Share-based compensation22.652.850.1-57.2%-54.9%
Buybacks34657.1157+505.6%+119.7%
Dividends paid176176173-0.1%+1.7%
Dividend per share$0.33$0.33$0.320.0%+3.1%
Diluted shares, weighted516m518m516m-0.4%-0.1%
Shares outstanding at period end508m520m518m-2.3%-2.1%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Shareholders' equity11,73812,12412,204-3.2%-3.8%
Non-controlling interest1,1821,013850+16.7%+38.9%
Redeemable equity1,4811,4791,380+0.1%+7.3%
Debt2,4022,2532,667+6.6%-9.9%
Other liabilities19,44017,24115,451+12.8%+25.8%
Total liabilities and equity36,24334,11032,552+6.3%+11.3%
Fixed assets887904975-1.9%-9.1%
Goodwill6,3006,2966,212+0.1%+1.4%
Intangible assets4,0164,0914,440-1.8%-9.6%
Cash and equivalents3,7613,5693,957+5.4%-5.0%
Other assets21,28019,25016,968+10.5%+25.4%
Total assets36,24334,11032,552+6.3%+11.3%

Questions

What was Franklin Templeton's revenue in Q3 FY2026?

Franklin Templeton (BEN) reported revenue of $2.4 billion for Q3 FY2026, the quarter ended 30 June 2026, up 14.3% on the same quarter a year earlier.

How much did Franklin Templeton earn in Q3 FY2026?

Net income for Q3 FY2026 was $172 million, up 85.8% on the year, and diluted earnings per share $0.31.

When did Franklin Templeton report Q3 FY2026 results?

Franklin Templeton filed its 10-Q for the quarter ended 30 June 2026 with the SEC on 31 July 2026.

Quarterly results, the last 20 quarters

Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023 †Q3 FY2023 †Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue2,1812,2242,0812,0311,9391,9671,9271,9691,9861,9912,1532,1232,2112,2522,1112,0642,3442,3272,2952,358
Operating income532558463405348194255315338206129222-15121914615485.4281323216
Operating margin24%25%22%20%18%10%13%16%17%10%6%10%-7%10%7%7%4%12%14%9%
Interest expense14.119.322.928.927.130.933.534.924.418.827.725.725.023.120.825.825.220.419.923.5
Pre-tax income738696466313254229366331424331238300-46.231342.7177254452446371
Tax rate-1%22%23%29%19%26%25%25%18%23%26%23%n/a26%73%34%26%23%22%31%
Net income666453350256233166194228296251124174-84.716415192.3118256268172
Net margin31%20%17%13%12%8%10%12%15%13%6%8%-4%7%7%4%5%11%12%7%
Diluted EPS$1.30$0.88$0.68$0.50$0.46$0.32$0.38$0.44$0.58$0.50$0.23$0.32-$0.19$0.29$0.26$0.15$0.21$0.46$0.49$0.31
Operating cash flow506166104820866-256-33.4655773-252137528558-145-50.11,282-20.7-255-27.6581
Capital expenditure44.416.725.813.134.727.415.478.727.319.541.746.169.871.837.514.031.2n/an/an/a
Free cash flow46215078.3807832-284-48.8576746-27194.9482488-217-87.61,268-51.9n/an/an/a
Buybacks72.421.782.649.726.814.23.652.218658.811.71021025.810.015767.141.957.1346
Dividends paid141143147147146148153153152156166168167166173173171170176176
Shares outstanding502m503m500m498m500m500m501m499m496m495m526m522m524m524m525m518m521m520m520m508m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 June 2026, filed 31 July 2026: the filing.