NYSE$BEN
Franklin Resources Inc. · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Franklin Resources reported mixed second quarter results, marked by increased AUM and long-term net inflows, but also a decrease in net income and operating income compared to the previous quarter and prior year.
Franklin Resources reported a net income of $124.2 million, or $0.23 per diluted share, for the quarter ended March 31, 2024. The company saw positive contributions across asset classes, investment vehicles, and geographies, including long-term net inflows of $6.9 billion. Total assets under management (AUM) were $1,644.7 billion at the end of the quarter, up 13% due to the acquisition of Putnam Investments and positive net market changes.
- Long-term net inflows reached $6.9 billion, driven by fixed income, multi-asset, and alternative assets.
- Acquisition of Putnam Investments was completed in January, expanding investment capabilities and AUM.
- Institutional pipeline of won-but-unfunded mandates grew to nearly $20 billion.
- Total assets under management (AUM) reached $1,644.7 billion, a 13% increase during the quarter.
Headline financials
Revenue & EPS history
Franklin Resources · Revenue · Quarterly
$2.15B
Revenue by segment
Franklin Resources · $1.99B total across 4 segments · Q4 2023
- Investment Mgmt Fees$1.63B+4.0%82.3%
- Sales & Distribution$306M-1.5%15.4%
- Shareholder Servicing$37.2M-19.5%1.9%
- Other Revenue$8.1M-25.0%0.4%
Forward guidance
The company will continue to focus on deepening client relationships, diversifying the firm, and disciplined expense management.
Tailwinds
- Deepening client relationships and further diversifying the firm.
- Contributions across asset classes, investment vehicles and geographies.
- Positive net flows across separately managed account, ETF and Canvas® offerings.
- Aggregate positive net flows in non-US regions.
- Focus on disciplined expense management while leveraging net cash and investments to invest in growth and innovation.
Headwinds
- Market and volatility risks
- Investment performance and reputational risks
- Global operational risks
- Competition and distribution risks
- Third-party risks
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2024
-0.0%
Avg return
Earnings day
+0.3%
Avg return
5 days after
+0.3%
Avg return
30 days after
46%
33 / 72 earnings
Positive
+19.7%
Q4 2021
Best reaction
-18.4%
Q4 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | +0.1% | +8.2% | +12.0% | |
| Q1 2026 | +0.7% | +7.5% | +2.6% | |
| Q4 2025 | -4.5% | -0.9% | +0.6% | |
| Q2 2025 | +6.8% | +9.2% | +15.5% | |
| Q1 2025 | +10.4% | +2.5% | +0.5% | |
| Q4 2024 | +0.5% | +1.0% | +8.8% | |
| Q3 2024 | -4.5% | -3.3% | -11.4% | |
| Q2 2024 | -8.6% | -6.4% | -9.0% | |
| Q1 2024 | -1.7% | -2.5% | -2.1% | |
| Q4 2023 | +0.2% | +7.7% | +10.2% | |
| Q3 2023 | +2.9% | -0.2% | -9.2% | |
| Q2 2023 | -6.2% | -5.0% | -10.7% | |
| Q1 2023 | +1.6% | +8.3% | -5.3% | |
| Q4 2022 | -3.8% | -0.5% | +16.3% | |
| Q3 2022 | +7.9% | +7.7% | +4.2% | |
| Q2 2022 | +5.8% | -1.3% | +6.0% | |
| Q1 2022 | +0.6% | -2.7% | -8.6% | |
| Q4 2021 | +19.7% | +13.9% | +1.0% | |
| Q3 2021 | +2.8% | +6.3% | +9.0% | |
| Q2 2021 | +11.3% | +12.7% | +17.4% | |
| Q1 2021 | -2.7% | -2.7% | -3.6% | |
| Q4 2020 | -18.4% | -17.9% | -2.3% | |
| Q3 2020 | +0.5% | +0.1% | +1.6% | |
| Q2 2020 | -2.5% | -2.9% | +2.1% | |
| Q1 2020 | +1.9% | +3.0% | -12.4% | |
| Q4 2019 | +1.0% | -0.2% | -2.9% | |
| Q3 2019 | -5.7% | -9.1% | -23.8% | |
| Q2 2019 | -3.6% | -4.0% | -6.1% | |
| Q1 2019 | -5.1% | -3.5% | +4.7% | |
| Q4 2018 | +3.5% | +9.4% | +15.0% | |
| Q3 2018 | +4.8% | -0.9% | -0.2% | |
| Q2 2018 | +2.1% | -1.6% | +1.3% | |
| Q1 2018 | -6.0% | -9.4% | -15.0% | |
| Q4 2017 | -2.9% | -4.6% | -6.7% | |
| Q3 2017 | -2.4% | -4.3% | -7.0% | |
| Q2 2017 | +1.1% | +1.1% | -1.4% | |
| Q1 2017 | -1.5% | -1.9% | +4.8% | |
| Q4 2016 | -1.1% | -3.3% | +12.9% | |
| Q3 2016 | +3.8% | +0.6% | +3.8% | |
| Q2 2016 | -5.1% | — | — | |
| Q1 2016 | +4.8% | — | — | |
| Q4 2015 | +5.9% | — | — | |
| Q3 2015 | -0.8% | — | — | |
| Q2 2015 | -1.1% | — | — | |
| Q1 2015 | -0.6% | — | — | |
| Q4 2014 | +1.8% | — | — | |
| Q3 2014 | -5.2% | — | — | |
| Q2 2014 | -2.3% | — | — | |
| Q1 2014 | -1.2% | — | — | |
| Q4 2013 | +0.4% | — | — | |
| Q3 2013 | +0.1% | — | — | |
| Q2 2013 | +1.8% | — | — | |
| Q1 2013 | +1.4% | — | — | |
| Q4 2012 | -0.3% | — | — | |
| Q3 2012 | +2.5% | — | — | |
| Q2 2012 | -5.2% | — | — | |
| Q1 2012 | +6.7% | — | — | |
| Q4 2011 | -2.2% | — | — | |
| Q3 2011 | -1.2% | — | — | |
| Q2 2011 | -0.9% | — | — | |
| Q1 2011 | +2.4% | — | — | |
| Q4 2010 | -2.5% | — | — | |
| Q3 2010 | -3.0% | — | — | |
| Q2 2010 | -7.0% | — | — | |
| Q1 2009 | -0.8% | — | — | |
| Q1 2010 | +2.5% | — | — | |
| Q4 2009 | -0.6% | — | — | |
| Q2 2009 | -0.6% | — | — | |
| Q4 2007 | -0.6% | — | — | |
| Q3 2009 | -0.1% | — | — | |
| Q3 2008 | -0.1% | — | — | |
| Q4 2008 | -0.1% | — | — |
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