Q3 FY26 · Ended Jun 30, 2026 · View SEC filing
A bigger firm that keeps far less of each dollar
After a run of acquisitions, revenue is 1.4x its level seven years earlier, but the operating margin fell from 32.7%.
For investorsWhat Franklin's revenue depends on when markets stop helping
For foundersRenting distribution: buying reach that costs more than it pays
Paying brokers and platforms costs more than the distribution fees collected, so profit has to come from management fees.
Net income attributable to Franklin rose 85.81%, more than twice the rise in operating income, and outside fund investors took a growing share.
Equity, multi-asset and alternative assets pay more than bonds and cash, and their growing share lifted the blended rate.
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Business Lens describes Franklin Resources from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.
