---
schema_version: "secwatch.filing_event.v1"
accession: "0000038777-24-000005"
form_type: "8-K"
ticker: "BEN"
cik: "0000038777"
company_name: "FRANKLIN RESOURCES INC"
filed_at: "2024-01-29T23:59:59+00:00"
generated_at: "2026-06-06T16:11:49.919524+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Franklin Resources reports Q1 adj. EPS $0.65, revenue $1.99B; closes Putnam acquisition

## Summary
- GAAP net income $251.3M ($0.50 EPS) vs $165.6M YoY; adj. net income $328.5M ($0.65 adj. EPS) vs $262.4M YoY.
- Total AUM $1,455.5B, up 6% QoQ; long-term net outflows $5.0B, but cash management net inflows $4.7B.
- Closed acquisition of Putnam Investments on Jan 1, 2024; adds $148B AUM, total AUM ~$1.6T.
- Alternatives saw inflows of $3.8B combined from BSP, Clarion, Lexington; Lexington closed $22.7B secondary fund.
- Dividend increased to $0.31/share from $0.30; repurchased 2.4M shares for $58.8M.

## SEC filing metadata
- accession: 0000038777-24-000005
- form_type: 8-K
- ticker: BEN
- cik: 0000038777
- company_name: FRANKLIN RESOURCES INC
- filed_at: 2024-01-29T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/38777/000003877724000005/0000038777-24-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/38777/000003877724000005/ben-20240129.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000038777-24-000005
- JSON: https://secwatch.observer/filing/0000038777-24-000005.json
- Plain text: https://secwatch.observer/filing/0000038777-24-000005.txt

## Key facts
- Earnings Releases
  FRANKLIN RESOURCES INC reported the quarter ended December 31, 2023 results: net income $251.3 million, EPS $0.50 per diluted share.
  - Period: the quarter ended December 31, 2023
  - Net income: $251.3 million
  - EPS: $0.50 per diluted share
  - Result: reported results
  source text: Franklin Resources, Inc. (the “Company”) [NYSE: BEN] today announced net income 1 of $251.3 million or $0.50 per diluted share for the quarter ended December 31, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/38777/000003877724000005/0000038777-24-000005-index.htm

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