Franklin Resources, Inc. Announces Second Quarter Results

About this update from Franklin Resources, Inc.

[{"type":"text","content":"SAN MATEO, Calif., May 02, 2025--(BUSINESS WIRE)--Franklin Resources, Inc. (the "Company") [NYSE: BEN] today announced net income1 of $151.4 million or $0.26 per diluted share for the quarter ended March 31, 2025, as compared to $163.6 million or $0.29 per diluted share for the previous quarter, and $124.2 million or $0.23 per diluted share for the quarter ended March 31, 2024. Operating income was $145.6 million for the quarter ended March 31, 2025, as compared to $219.0 million for the previous quarter and $129.3 million for the prior year.","length":558,"tagName":"p"},{"type":"text","content":"As supplemental information, the Company is providing certain adjusted performance measures which are based on methodologies other than generally accepted accounting principles. Adjusted net income2 was $254.4 million and adjusted diluted earnings per share2 was $0.47 for the quarter ended March 31, 2025, as compared to $320.5 million and $0.59 for the previous quarter, and $306.6 million and $0.56 for the quarter ended March 31, 2024. Adjusted operating income2 was $377.2 million for the quarter ended March 31, 2025, as compared to $412.8 million for the previous quarter and $419.6 million for the prior year. Adjusted net income includes a $41.4 million, or $0.06 per diluted share, loss on a seed investment in the current quarter related to a renewable energy investment associated with a fund that has been closed.","length":826,"tagName":"p"},{"type":"text","content":""Today’s complex market environment underscores the value of diversification and global scale in our business," said Jenny Johnson, President and CEO of Franklin Resources, Inc. "As a leading manager of public and private assets, we continue to see progress across our business, with gross sales increasing across all asset classes in our second fiscal quarter. Long-term inflows increased by 9% quarter-over-quarter (excluding reinvested distributions), and multi-asset and alternatives generated a combined $9.7 billion in positive net flows. While long-term net outflows totaled $26.2 billion, excluding Western Asset Management ("Western"), we recorded $7.4 billion in long-term net inflows. We also saw strong client demand and positive flows into ETFs, retail SMAs and Canvas®. Our ETF business saw its 14th consecutive quarter of positive net...

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