$BEN

FRANKLIN TEMPLETON INC

CIK:0000038777|SEC Filings

Consolidated Statements of Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Consolidated Statements of Income - USD ($) $ in Millions	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Operating Revenues
Operating revenues	$ 2,358.4	$ 2,064.0	$ 6,980.4	$ 6,427.0
Operating Expenses
Compensation and benefits	958.5	901.1	2,953.9	2,812.5
Sales, distribution and marketing	555.4	480.7	1,640.3	1,491.1
Information systems and technology	160.8	162.7	475.4	477.4
Occupancy	71.4	69.5	205.3	213.9
Amortization of intangible assets	50.7	112.2	156.4	337.3
Impairment of intangible assets	33.0	0.0	33.0	24.4
General, administrative and other	312.8	183.7	696.0	551.7
Total operating expenses	2,142.6	1,909.9	6,160.3	5,908.3
Operating Income	215.8	154.1	820.1	518.7
Other Income (Expenses)
Other Nonoperating Income (Expense)	131.0	23.4	267.3	128.0
Interest expense	(23.5)	(25.8)	(63.8)	(69.7)
Nonoperating Income (Expense)	155.1	22.5	448.3	13.8
Income before taxes	370.9	176.6	1,268.4	532.5
Taxes on income	115.6	59.9	319.7	172.1
Net Income	255.3	116.7	948.7	360.4
Less: net income (loss) attributable to
Redeemable noncontrolling interests	18.5	20.0	82.1	(88.8)
Nonredeemable noncontrolling interests	65.3	4.4	171.4	41.9
Net income attributable to Franklin Resources, Inc.	$ 171.5	$ 92.3	$ 695.2	$ 407.3
Earnings per Share
Basic	$ 0.31	$ 0.15	$ 1.26	$ 0.70
Diluted	$ 0.31	$ 0.15	$ 1.26	$ 0.70
CIPs [Member]
Other Income (Expenses)
Other Nonoperating Income (Expense)	$ 54.8	$ 35.9	$ 276.2	$ (14.7)
Other Nonoperating Expense	(7.2)	(11.0)	(31.4)	(29.8)
Less: net income (loss) attributable to
Redeemable noncontrolling interests	2.2	9.0	40.5	(119.5)
Investment management fees [Member]
Operating Revenues
Operating revenues	1,866.2	1,640.8	5,533.4	5,113.7
Sales and distribution fees [Member]
Operating Revenues
Operating revenues	404.5	351.9	1,189.8	1,092.3
Shareholder servicing fees [Member]
Operating Revenues
Operating revenues	74.3	59.9	214.2	185.3
Other [Member]
Operating Revenues
Operating revenues	$ 13.4	$ 11.4	$ 43.0	$ 35.7

Consolidated Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Net cash provided by operating activities
Net Income	$ 948.7	$ 360.4
Adjustments to reconcile net income to net cash provided by operating activities:
Stock-based compensation	151.0	170.0
Amortization of deferred sales commissions	74.3	58.9
Depreciation and other amortization	90.3	94.2
Amortization of intangible assets	156.4	337.3
Impairment of intangible assets	33.0	24.4
Net (gains) losses on investments	(32.8)	41.7
Income from investments in equity method investees	(58.6)	(38.5)
Net (gains) losses on investments of consolidated investment products	(114.4)	63.1
Net purchase of investments by consolidated investment products	(639.7)	(87.6)
Changes in operating assets and liabilities:
Decrease (increase) in receivables and other assets	(309.9)	24.3
Decrease (increase) in investments, net	(12.3)	15.5
Decrease in accrued compensation and benefits	(36.0)	(183.7)
Increase (decrease) in accounts payable, accrued expenses and other liabilities	(137.0)	63.7
Increase (decrease) in accounts payable and accrued expenses of consolidated investment products	17.0	(7.5)
Deferred income taxes	94.4	(38.3)
Other	74.1	188.9
Net cash provided by operating activities	298.5	1,086.8
Net cash used in investing activities
Purchase of investments	(970.0)	(904.4)
Liquidation of investments	609.6	443.9
Purchase of investments by consolidated collateralized loan obligations	(6,549.0)	(4,880.6)
Liquidation of investments by consolidated collateralized loan obligations	3,652.7	3,653.4
Payments to Acquire Property, Plant, and Equipment	(15.0)	(123.3)
Acquisition, net of cash acquired	(78.6)	0.0
Payments of deferred consideration liability	0.0	90.5
Net consolidation of investment products	13.8	0.2
Net cash used in investing activities	(3,336.5)	(1,901.3)
Net cash provided by financing activities
Issuance of common stock	13.0	10.2
Dividends paid on common stock	(522.8)	(512.6)
Repurchase of common stock	(444.8)	(173.2)
Proceeds from debt	650.0	300.0
Payment on debt	600.0	400.0
Proceeds from repurchase agreement	20.6	98.0
Payments on repurchase agreement	(22.7)	(48.9)
Proceeds from debt of consolidated investment products	6,797.3	5,184.0
Payments on debt of consolidated investment products	(3,471.7)	(4,320.1)
Payments on contingent consideration liabilities	(0.4)	(6.8)
Noncontrolling interests	834.5	233.3
Net cash provided by financing activities	3,253.0	363.9
Effect of Exchange Rate on Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation	(28.0)	(1.3)
Increase (decrease) in cash and cash equivalents	187.0	(451.9)
Cash and cash equivalents, beginning of period	3,573.9	4,408.9
Cash and Cash Equivalents, End of Period	3,760.9	3,957.0
Supplemental Disclosure of Cash Flow Information
Cash paid for income taxes	436.2	417.3
Cash paid for interest	62.8	62.2
Cash paid for interest by consolidated investment products	540.7	597.4
Noncash or Part Noncash Acquisition, Investments Acquired	$ 28.8	$ 0.0

Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2026	Sep. 30, 2025
Assets
Receivables	$ 1,566.9	$ 1,541.7
Investments	2,706.9	2,374.0
Total investments, at fair value	1,047.7	1,179.5
Property and equipment, net	886.6	949.1
Goodwill	6,299.9	6,206.0
Intangible assets, net	4,015.8	4,166.0
Operating lease right-of-use assets	752.2	764.3
Other	718.6	514.5
Total Assets	36,243.0	32,368.3
Liabilities
Compensation and benefits	1,730.1	1,760.3
Accounts payable and accrued expenses	632.7	615.4
Debt	2,401.9	2,362.0
Deferred tax liabilities	341.1	261.6
Operating lease liabilities	974.6	1,000.6
Other	1,183.7	1,179.3
Total liabilities	21,842.3	18,179.5
Commitments and Contingencies (Note 10)
Redeemable Noncontrolling Interests	1,480.8	1,182.0
Stockholders’ Equity
Preferred stock, $1.00 par value, 1,000,000 shares authorized; none issued	0.0	0.0
Common stock, $0.10 par value, 1,000,000,000 shares authorized; 507,507,250 and 520,951,796 shares issued and outstanding at June 30, 2026 and September 30, 2025	50.8	52.1
Additional Paid in Capital, Common Stock	660.5	956.8
Retained earnings	11,520.6	11,516.0
Accumulated other comprehensive loss	(493.7)	(447.1)
Total Franklin Resources, Inc. stockholders’ equity	11,738.2	12,077.8
Nonredeemable noncontrolling interests	1,181.7	929.0
Total stockholders’ equity	12,919.9	13,006.8
Total Liabilities, Redeemable Noncontrolling Interests and Stockholders’ Equity	36,243.0	32,368.3
CIPs [Member]
Assets
Cash and cash equivalents	1,090.6	485.8
Receivables	230.1	313.1
Total investments, at fair value	15,535.2	12,278.8
Total Assets	16,855.9	13,077.7
Liabilities
Accounts payable and accrued expenses	1,244.7	1,063.0
Debt	13,333.5	9,937.3
Other	20.1	17.5
Total liabilities	14,598.3	11,017.8
Redeemable Noncontrolling Interests	343.5	289.6
Stockholders’ Equity
Total Franklin Resources, Inc. stockholders’ equity	1,156.7	1,220.6
Nonredeemable noncontrolling interests	757.4	549.7
Total stockholders’ equity	1,914.1	1,770.3
Total Liabilities, Redeemable Noncontrolling Interests and Stockholders’ Equity	16,855.9	13,077.7
Franklin Resources, Inc. [Member]
Assets
Cash and cash equivalents	$ 2,670.3	$ 3,088.1