Quarterly ResultApr 28, 2026, 08:43 AM
BEN Q1 Net Income +77% to $268.2M; EPS $0.49
AI Summary
FRANKLIN RESOURCES INC reported a significant increase in its Q1 net income attributable to the company, rising 77.1% to $268.2M, with basic EPS up 88.5% to $0.49. Total operating revenues for the quarter grew 8.7% to $2,294.9M. For the six months ended March 31, 2026, net income attributable to the company increased 66.2% to $523.7M. The company also provided updates on legal proceedings, noting the DOJ is prepared to resolve its investigation into Western Asset Management without criminal charges against WAM, while the SEC investigation remains ongoing.
Key Highlights
- Q1 Net Income Attributable to BEN rose 77.1% to $268.2M.
- Q1 Basic EPS increased 88.5% to $0.49.
- Q1 Total Operating Revenues grew 8.7% to $2,294.9M.
- Six-month Net Income Attributable to BEN increased 66.2% to $523.7M.
- Six-month Repurchase of Common Stock was $(99.0)M, up from $(15.8)M.
- US Q1 operating revenues were $1,669.6M; Luxembourg Q1 revenues were $365.9M.
- Adopted new crypto asset accounting guidance, increasing retained earnings by $25.3M.
- DOJ prepared to resolve WAM investigation without criminal charges against WAM.
Price Impact
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