secwatch.observer — SEC 8-K summary
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Issuer:     FRANKLIN RESOURCES INC (BEN)
CIK:        0000038777
Form:       8-K
Filed at:   2025-08-01T23:59:59+00:00
Accession:  0000038777-25-000133
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/38777/000003877725000133/0000038777-25-000133-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/38777/000003877725000133/ben-20250801.htm
  HTML page:      https://secwatch.observer/filing/0000038777-25-000133

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