---
schema_version: "secwatch.filing_event.v1"
accession: "0000038777-23-000105"
form_type: "8-K"
ticker: "BEN"
cik: "0000038777"
company_name: "FRANKLIN RESOURCES INC"
filed_at: "2023-07-28T23:59:59+00:00"
generated_at: "2026-06-12T23:22:27.109251+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Franklin Resources Q3 GAAP EPS $0.44, adjusted EPS $0.63; long-term net flows positive

## Summary
- GAAP net income $227.5M ($0.44 diluted EPS) vs $256.4M ($0.50) YoY; up 17% sequentially from $194.2M ($0.38).
- Adjusted diluted EPS $0.63 vs $0.82 YoY and $0.61 prior Q; adjusted operating income $476.8M.
- Operating revenues $1.969B (-3% YoY); GAAP operating margin 16.0%, adjusted operating margin 30.5%.
- Ending AUM $1,431.5B (+1% QoQ); long-term net flows turned positive at $0.2B (vs -$3.7B prior Q).
- Announced pending acquisition of Putnam Investments ($136B AUM); Great-West Lifeco to allocate $25B.

## SEC filing metadata
- accession: 0000038777-23-000105
- form_type: 8-K
- ticker: BEN
- cik: 0000038777
- company_name: FRANKLIN RESOURCES INC
- filed_at: 2023-07-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/38777/000003877723000105/0000038777-23-000105-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/38777/000003877723000105/ben-20230728.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000038777-23-000105
- JSON: https://secwatch.observer/filing/0000038777-23-000105.json
- Plain text: https://secwatch.observer/filing/0000038777-23-000105.txt

## Key facts
- Earnings Releases
  FRANKLIN RESOURCES INC reported third fiscal quarter ended June 30, 2023 results: net income $227.5 million, EPS $0.44 per diluted share.
  - Period: third fiscal quarter ended June 30, 2023
  - Net income: $227.5 million
  - EPS: $0.44 per diluted share
  - Result: reported results
  source text: Franklin Resources, Inc. (the “Company”) [NYSE: BEN] today announced net income 1 of $227.5 million or $0.44 per diluted share for the quarter ended June 30, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/38777/000003877723000105/0000038777-23-000105-index.htm

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