---
schema_version: "secwatch.filing_event.v1"
accession: "0000038777-24-000068"
form_type: "8-K"
ticker: "BEN"
cik: "0000038777"
company_name: "FRANKLIN RESOURCES INC"
filed_at: "2024-04-29T23:59:59+00:00"
generated_at: "2026-06-03T05:54:01.532256+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Franklin Resources Q2 GAAP EPS $0.23, down 54% QoQ; AUM $1.64T on Putnam deal, net inflows $6.9B

## Summary
- GAAP net income $124.2M ($0.23 diluted EPS), vs $251.3M ($0.50) prior quarter and $194.2M ($0.38) year ago.
- Adjusted net income $306.6M ($0.56 adjusted EPS), vs $328.5M ($0.65) prior quarter and $316.7M ($0.61) year ago.
- AUM $1,644.7B, up 13% QoQ; includes $148.3B from Putnam acquisition; long-term net inflows $6.9B (vs -$5.0B prior quarter).
- Fixed income net inflows $8.3B; equity net outflows $5.3B; institutional unfunded pipeline nearly $20B.
- Dividend declared $0.31/share, unchanged from prior quarter; repurchased 0.4M shares for $11.7M.

## SEC filing metadata
- accession: 0000038777-24-000068
- form_type: 8-K
- ticker: BEN
- cik: 0000038777
- company_name: FRANKLIN RESOURCES INC
- filed_at: 2024-04-29T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/38777/000003877724000068/0000038777-24-000068-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/38777/000003877724000068/ben-20240429.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000038777-24-000068
- JSON: https://secwatch.observer/filing/0000038777-24-000068.json
- Plain text: https://secwatch.observer/filing/0000038777-24-000068.txt

## Key facts
- Earnings Releases
  FRANKLIN RESOURCES INC reported the quarter ended March 31, 2024 results: revenue $ 2,152.8, net income $ 124.2, EPS $0.23 per diluted share.
  - Period: the quarter ended March 31, 2024
  - Revenue: $ 2,152.8
  - Net income: $ 124.2
  - EPS: $0.23 per diluted share
  - Result: reported results
  source text: Ended % Change Quarter Ended % Change 31-Mar-24 31-Dec-23 Qtr. vs. Qtr. 31-Mar-23 Year vs. Year Financial Results (in millions, except per share data) Operating revenues $ 2,152.8 $ 1,991.1 8 % $ 1,927.2 12 % Operating income 129.3 206.5 (37 %) 255.1 (49 %) Operating margin 6.0 % 10.4 % 13.2 % Net income1 $ 124.2 $ 251.3 (51 %) $ 194.2 (36 %) Diluted
  evidence_url: https://www.sec.gov/Archives/edgar/data/38777/000003877724000068/0000038777-24-000068-index.htm

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