NYSE$BEN

Franklin Resources Inc. · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Franklin Resources announced third quarter results, reporting a decrease in net income and diluted earnings per share compared to the previous quarter and the same quarter last year. The company's AUM was impacted by industry-wide pressures, but benefited from a diversified mix of assets.

Franklin Resources reported a net income of $256.4 million, or $0.50 per diluted share, for the quarter ended June 30, 2022. Operating income was $404.7 million. Total assets under management were $1,379.8 billion at the end of the quarter.

  • Net income was $256.4 million, or $0.50 per diluted share.
  • Adjusted net income was $416.0 million, and adjusted diluted earnings per share was $0.82.
  • Total assets under management were $1,379.8 billion.
  • The company closed the acquisition of Lexington Partners and announced the acquisition of Alcentra.

Headline financials

Total Revenue

$2.03B

Previous: $2.17B-6.5%
EPS (adj)

$0.82

Previous: $0.96-14.6%
Total AUM

$1.38T

Previous: $1.55T-11.1%
Capital Expenditures

-$55.6M

Previous: -$34.9M-59.3%
Free Cash Flow

$201M

Previous: $404M-50.2%
Net Income

$256M

Previous: $438M-41.5%
Operating Income

$405M

Previous: $478M-15.4%
Gross Profit

$824M

Previous: $871M-5.3%
Cash & Equivalents

$5.5B

Previous: $4.36B+26.1%
Total Assets

$27.6B

Previous: $23.1B+19.3%
Stock-Based Comp

$48.4M

Previous: $40.4M+19.8%

Revenue & EPS history

Franklin Resources · Revenue · Quarterly

$2.03B

Q3 2022-6.5%vs Q3 2021
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Revenue by segment

Franklin Resources · $2.03B total across 4 segments · Q3 2022

  • Investment Mgmt Fees
    $1.64B-3.6%
  • Sales & Distribution
    $336M-19.5%
  • Shareholder Servicing
    $46.9M-7.1%
  • Other Revenue
    $12.7M+54.9%

Forward guidance

Some of the statements herein may include forward-looking statements that reflect our current views with respect to future events, financial performance and market conditions.

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 Q3 2022

Historical avgQ3 2022

-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

Earnings price reactions
QuarterReport dateReaction (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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