Franklin Resources Q2 results beat estimates, AUM steady at $1.68 trln

Franklin Templeton

28/04/2026 13:29

Overview

U.S. asset manager's Q2 operating revenue rose 9% yr/yr, beating analyst expectations

Adjusted EPS for Q2 beat analyst expectations

Company saw $16.9 bln in long-term net inflows, AUM steady at $1.68 trln

Outlook

Company says market conditions remain uncertain, but strategy is clear and ahead of plan

Result Drivers

LONG-TERM NET INFLOWS - Co said $17 bln in long-term net inflows across public and private markets supported results, per CEO Jenny Johnson

ALTERNATIVES AND MULTI-ASSET GROWTH - Co cited $14.3 bln in alternatives fundraising and $9.5 bln in multi-asset net inflows as key drivers

RECORD ETF AND CANVAS INFLOWS - ETFs and Canvas platform reached record AUM, generating $4.5 bln and $5.3 bln in net inflows, respectively

Company press release: ID:nBw22J1Sda

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Operating Revenue
Beat
$2.29 bln
$1.71 bln (4 Analysts)
Q2 Adjusted EPS
Beat
$0.71
$0.55 (8 Analysts)
Q2 EPS
$0.49
Q2 Adjusted Net Income
Beat
$384.50 mln
$299.52 mln (5 Analysts)
Q2 Net Income
$268.20 mln
Q2 Assets Under Management
$1.68 trln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 5 "hold" and 4 "sell" or "strong sell"

The average consensus recommendation for the investment management & fund operators peer group is "buy."

Wall Street's median 12-month price target for Franklin Resources Inc is $26.00, about 5.7% below its April 27 closing price of $27.57

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)