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AI brief of an SEC Form 8-K · Franklin Resources (BEN)

Franklin Resources Q3 net income falls 24% to $174.0 million; revenue up 8%

Mixed Impact 3 of 5 earnings Written later

Franklin Resources reported third-quarter fiscal 2024 results for the quarter ended June 30, 2024. Operating revenues rose 8% year over year to $2,122.9 million, but net income attributable to the company fell 24% to $174.0 million, or $0.32 per diluted share, from $227.5 million, or $0.44, a year earlier. Adjusted diluted earnings per share were $0.60, compared with $0.63 a year earlier, and the filing gives no guidance.

Key points

  • Operating revenues were $2,122.9 million, up 8% from $1,969.0 million a year earlier but down 1% from $2,152.8 million in the prior quarter.
  • Net income attributable to Franklin Resources was $174.0 million, down 24% year over year and up 40% from $124.2 million in the prior quarter.
  • Adjusted diluted earnings per share were $0.60, versus $0.63 a year earlier and $0.56 in the prior quarter.
  • Ending assets under management were $1,646.6 billion at June 30, 2024, and the company repurchased 4.3 million shares for $101.5 million during the quarter.

The filing

CompanyFranklin Resources (BEN)
Form8-K, current report
Filed with the SECJul 26, 2024, 8:46 AM ET
Accession number0000038777-24-000112

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:11 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 26, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.