---
schema_version: "secwatch.filing_event.v1"
accession: "0000038777-25-000133"
form_type: "8-K"
ticker: "BEN"
cik: "0000038777"
company_name: "FRANKLIN RESOURCES INC"
filed_at: "2025-08-01T23:59:59+00:00"
generated_at: "2026-05-17T21:59:09.962019+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Franklin Q3 GAAP EPS $0.15 vs $0.32 YoY; long-term outflows $9.3B, AUM $1.61T

## Summary
- GAAP net income $92.3M ($0.15 diluted EPS) vs $174.0M ($0.32) YoY, down 47% and 53% respectively.
- Adjusted net income $263.4M, adj diluted EPS $0.49 vs $0.60 YoY, down 19% and 18% YoY.
- Long-term net outflows $9.3B; excluding Western Asset Management, net inflows $7.8B. Institutional won-but-unfunded mandates record $24.4B.
- Alternatives fundraising $6.2B in Q3, including $5.3B private markets. Agreed to acquire majority of Apera Asset Management (~$5.7B AUM).
- AUM $1,611.8B, up 5% QoQ on $78B market gains. GAAP operating margin 7.5%, adjusted 23.7%. Repurchased 7.3M shares for $157.4M.

## SEC filing metadata
- accession: 0000038777-25-000133
- form_type: 8-K
- ticker: BEN
- cik: 0000038777
- company_name: FRANKLIN RESOURCES INC
- filed_at: 2025-08-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/38777/000003877725000133/0000038777-25-000133-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/38777/000003877725000133/ben-20250801.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000038777-25-000133
- JSON: https://secwatch.observer/filing/0000038777-25-000133.json
- Plain text: https://secwatch.observer/filing/0000038777-25-000133.txt

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