Franklin Resources, Inc. (BEN) Earnings Call Transcripts
Franklin Resources, Inc.'s Latest Earnings Call - Q3 FY2026
In the third fiscal quarter of 2026, Franklin Resources, Inc. (BEN:US) reported strong financial results, with adjusted operating income increasing to $508.9 million, up 35% year-over-year. The company achieved long-term net inflows of $18.4 billion for the quarter, bringing fiscal year-to-date inflows to $63.3 billion, significantly exceeding previous targets. Management raised their expectations for private market fundraising to approximately $40 billion for the fiscal year, indicating robust demand across various asset classes and geographies, which could positively impact the stock moving forward.
Reported metrics
| Metric | Value |
|---|---|
| Adjusted Operating Income | $508.9 million (positive) |
| Long-Term Net Inflows | $18.4 billion (positive) |
| Assets Under Management | $1.8 trillion (positive) |
| Private Market Fundraising | $40 billion (positive) |
| Digital Asset AUM | $3.2 billion (positive) |
| Margin Target for FY 2027 | 30% (positive) |
Guidance from management
Management raised their private market fundraising target to approximately $40 billion for fiscal year 2026, indicating strong demand and confidence in future growth. They expect to achieve a margin of at least 30% by fiscal year 2027.
What management said
So the 30-plus strategies is a little over 30%. Across our private markets platform, about 80% is fee direct generating. So that kind of gives you the number and it varies a bit. I don't have the blended number. I don't know, Matt, I don't know what we provide there on the blended number. Do you have that?
And same thing on expense guidance. I already mentioned a little bit from where we expect margin to be because we're very focused on margin and making sure that we get the margin uplift that we presented. So for '27, I just touched on that slightly, but we'll give more details, as Jenny mentioned in the next quarter as we talk about the fourth quarter or as we present the fourth quarter and then going into 2027. In...
What analysts pressed on
Analysts expressed concerns regarding potential increases in revenue sharing platform fees, which could impact net revenue and margins. There was also discussion about the competitive landscape in fixed income and the integration of public and private market strategies.
Main topics on the call
- Strong Net Inflows — Franklin reported $18.4 billion in long-term net inflows for the quarter, contributing to a fiscal year-to-date total of $63.3 billion. Management stated, "This was another consecutive quarter of positive net flows with ...
- Record Assets Under Management — Assets under management (AUM) grew to a record $1.8 trillion, driven by strong performance across alternatives, ETFs, and institutional mandates. Management noted, "Each of our key growth areas... contributed meaningfull...
- Private Markets Fundraising — Management raised their private market fundraising target to approximately $40 billion, up from an initial target of $25 billion to $30 billion. CEO Jennifer Johnson stated, "We expect to end the year at about $40 billio...
- Digital Asset Initiatives — Franklin's digital asset AUM reached $3.2 billion, with ongoing investments in tokenization and partnerships with crypto exchanges. Johnson mentioned, "We think that ultimately... financial services will be run on the ra...
Read the full Franklin Resources, Inc. transcript (Q3 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Franklin Resources, Inc.
Franklin Resources, Inc. (BEN) is a publicly listed company in the Capital Markets industry, within the Financials sector. It trades on NYSE and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 52 calls on record spanning January 30, 2020 to July 31, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 52 Franklin Resources, Inc. earnings call transcripts on record, spanning January 30, 2020 to July 31, 2026. Based on this history, Franklin Resources, Inc. reports quarterly. The most recent call on file is dated July 31, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- BEN
- Exchange
- NYSE
- Country
- US
- Sector
- Financials
- Industry
- Capital Markets
- Calls on record
- 52
- First call
- January 30, 2020
- Most recent
- July 31, 2026
- Reporting cadence
- quarterly