---
schema_version: "secwatch.filing_event.v1"
accession: "0000038777-25-000074"
form_type: "8-K"
ticker: "BEN"
cik: "0000038777"
company_name: "FRANKLIN RESOURCES INC"
filed_at: "2025-05-02T23:59:59+00:00"
generated_at: "2026-05-22T23:15:53.267292+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Franklin Q2 adj EPS $0.47 vs $0.56 YoY; AUM down 6%; Western outflows $33.6B

## Summary
- GAAP net income $151.4M ($0.26 diluted EPS) vs $124.2M ($0.23) a year ago; adjusted EPS $0.47 vs $0.56.
- Operating revenues $2,111.4M, down 2% YoY and 6% sequentially; operating margin 6.9%.
- AUM $1,540.6B, down 6% YoY; long-term net outflows $26.2B, including $33.6B from Western Asset Management.
- Excluding Western, long-term net inflows were $7.4B; multi-asset and alternatives combined $9.7B positive net flows.
- Dividend declared $0.32/share (flat QoQ); repurchased 0.5M shares for $10M.

## SEC filing metadata
- accession: 0000038777-25-000074
- form_type: 8-K
- ticker: BEN
- cik: 0000038777
- company_name: FRANKLIN RESOURCES INC
- filed_at: 2025-05-02T23:59:59+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/38777/000003877725000074/0000038777-25-000074-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/38777/000003877725000074/ben-20250502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000038777-25-000074
- JSON: https://secwatch.observer/filing/0000038777-25-000074.json
- Plain text: https://secwatch.observer/filing/0000038777-25-000074.txt

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