Franklin Resources Q2 net income $194M ($0.38/diluted) down 44% YoY; revenue falls 7%

FRANKLIN RESOURCES INC

2023-Q2 EPS reported $0.70 revenue$3,894,300,000

GAAP net income attributable to FR $194.2M, $0.38 diluted EPS, down 44% from $349.6M ($0.68) YoY.
Operating revenues $1.927B, down 7% YoY from $2.081B; operating margin 13.2% vs 22.2%.
Adjusted diluted EPS $0.61 (vs $0.96 YoY) down 36%; adjusted operating margin 28.9% vs 35.7%.
Total AUM $1.422T, up 2% QoQ, down 4% YoY; long-term net outflows $3.7B (improved from $10.9B prior Q).
Positive net flows in fixed income, multi-asset, alternatives; equity outflows $8.3B.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FRANKLIN RESOURCES INC reported the quarter ended March 31, 2023 results: net income net income 1 of $194.2 million, EPS $0.38 per diluted share.

Period: the quarter ended March 31, 2023
Net income: net income 1 of $194.2 million
EPS: $0.38 per diluted share
Result: reported results

Exact text from the filing

San Mateo, CA, May 1, 2023 – Franklin Resources, Inc. (the “Company”) [NYSE: BEN] today announced net income 1 of $194.2 million or $0.38 per diluted share for the quarter ended March 31, 2023

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Source: SEC EDGAR

accession 0000038777-23-000071

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