---
schema_version: "secwatch.filing_event.v1"
accession: "0000038777-23-000071"
form_type: "8-K"
ticker: "BEN"
cik: "0000038777"
company_name: "FRANKLIN RESOURCES INC"
filed_at: "2023-05-01T23:59:59+00:00"
generated_at: "2026-06-16T05:32:40.834468+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000038777-23-000071
- form_type: 8-K
- ticker: BEN
- cik: 0000038777
- company_name: FRANKLIN RESOURCES INC
- filed_at: 2023-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/38777/000003877723000071/0000038777-23-000071-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/38777/000003877723000071/ben-20230501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000038777-23-000071
- JSON: https://secwatch.observer/filing/0000038777-23-000071.json
- Plain text: https://secwatch.observer/filing/0000038777-23-000071.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/38777/000003877723000071/0000038777-23-000071-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.