Franklin Templeton's quarterly profit rises on strong inflows, higher fees

Franklin Templeton

31/07/2026 14:25

July 31 (Reuters) - Investment manager Franklin Resources BEN.N, better known as Franklin Templeton, reported a jump in third-quarter profit on Friday, helped by strong inflows and higher fees.
Shares of the company, which have risen 38.8% so far this year, have outperformed the broader benchmark S&P 500 index.
     
Here are some details:
Franklin Templeton's assets under management stood at $1.79 trillion at the end of the third quarter, up 11% from a year ago.
The company's total investment management fees, the largest contributor to its total operating revenue, rose 14% to $1.87 billion during the quarter.
Total long-term net inflows rose to $18.4 billion in the quarter.
Inflows boost assets under management, helping managers earn steady fees even in weak or volatile markets.
"We generated positive net flows across every asset class and geography," said CEO Jenny Johnson.
The company also announced it will change its corporate name from Franklin Resources to Franklin Templeton effective as of August 17, 2026.
Excluding one-time costs, the company earned $386.3 million, or 72 cents per share, compared with $263.4 million, or 49 cents per share, a year earlier.

 (Reporting by Pragyan Kalita in Bengaluru; Editing by Devika Syamnath)
 ((Pragyan.Kalita@thomsonreuters.com;))