Equity Profile

BEN

Franklin Resources, Inc.

FinancialsAsset Management & Custody Banks$17.2B

Apr24Thu

Pre-Earnings Brief

UpcomingQ3-2026Pre-Market9:00 AM EDT

Company Snapshot

Franklin Resources, Inc. (BEN) is a global investment management firm that provides investment solutions and services to a wide range of clients....

Key Metrics to Watch

Assets Under Management (AUM)

AUM is a key indicator of the company's size and ability to generate revenue from management fees.

Expected to show growth reflecting market conditions.

Net Flows

Positive net flows indicate that more money is coming into the firm than going out, which is vital for future revenue growth.

Expected to be positive, signaling strong client demand.

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

BEN Q3-2026 Earnings Preview

Context

Company Snapshot

Franklin Resources, Inc. (BEN) is a global investment management firm that provides investment solutions and services to a wide range of clients. In the financial sector, it plays a crucial role in asset management, helping individuals and institutions manage their investments effectively.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

+11.90%

Avg Stock Reaction

+2.11%

Last Quarter Recap

In Q2 2026, Franklin Resources reported an EPS of $0.71, exceeding expectations by nearly 30%. The stock reacted positively, gaining 6.86% the following day.

Management Promises & Guidance

Continued focus on enhancing investment strategies.
Commitment to improving client services and support.
Plans to expand into new markets and investment products.

Expectations

Wall Street Expectations

Overall, analysts expect Franklin Resources to maintain its strong performance, especially in light of recent positive earnings surprises.

Bull Case

If the company reports strong AUM growth and positive net flows, it could signal robust demand for its investment products, leading to further stock appreciation.

Bear Case

Conversely, if net flows are negative or AUM growth is sluggish, it could raise concerns about the company's competitiveness and future revenue potential.

Key Metrics to Watch

Assets Under Management (AUM)

Expected to show growth reflecting market conditions.

AUM is a key indicator of the company's size and ability to generate revenue from management fees.

Net Flows

Expected to be positive, signaling strong client demand.

Positive net flows indicate that more money is coming into the firm than going out, which is vital for future revenue growth.

Earnings Per Share (EPS)

Analysts expect a solid EPS figure based on recent performance.

EPS is a critical measure of profitability and is closely watched by investors.

Expectations

Two Questions That Matter

The print will turn on these two things.

What are the latest figures for Assets Under Management (AUM) and how do they compare to last quarter?

AUM growth is crucial for assessing the company's ability to generate revenue and indicates client confidence.

What were the net flows for the quarter?

Net flows will provide insight into client demand and the firm's competitiveness in the asset management space.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate the impact of recent market volatility on net flows, potentially leading to a more cautious outlook than warranted.

Supporting Evidence

Recent earnings surprises indicate a stronger underlying demand than analysts predict.

Options pricing suggests a lower expected move, which may not capture potential volatility in results.

Key Risk

If net flows exceed expectations, it could challenge the current cautious consensus.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance hinges on the ability to attract and retain client assets, which directly impacts revenue.

Bull Confirmed If

AUM growth of over 5% quarter-over-quarter would confirm strong market demand.

Bear Confirmed If

Negative net flows or stagnant AUM growth would raise concerns about future revenue.

Pre-Earnings Positioning

Options Market

Implied Move

±2.32%

Historical Avg

±4.7%

Pricing cheap

The options market is pricing in a modest move, suggesting that investors are anticipating a relatively stable reaction to the earnings report.

Options are pricing ±2.3% while BEN has averaged ±4.7% over the last 8 prints — setup is pricing cheap.

Detail

ATM IV

0.3%

30d HV

31.5%

Calls (10K)P/C Ratio: 1.07Puts (20K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Franklin beats expectations, history suggests a potential stock increase of around 2.88%, confirming strong demand and management effectiveness.

In-Line / Cautious

If results are in line with expectations, the stock may react moderately, reflecting cautious optimism without strong directional bias.

Miss

A miss could lead to a decline in stock price, with historical patterns suggesting an average drop of about 3.26%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Details on the growth of Assets Under Management (AUM).
2Insights into net flows and client retention strategies.
3Any commentary on new investment products or market expansions.
4Management's outlook on market conditions and competitive landscape.
5Updates on cost management and operational efficiencies.

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Company Snapshot

Franklin Resources, Inc. (BEN) is a global investment management firm that provides investment solutions and services to a wide range of clients....

Key Metrics to Watch

Assets Under Management (AUM)

AUM is a key indicator of the company's size and ability to generate revenue from management fees.

Expected to show growth reflecting market conditions.

Net Flows

Positive net flows indicate that more money is coming into the firm than going out, which is vital for future revenue growth.

Expected to be positive, signaling strong client demand.

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

BEN Q3-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

+11.90%

Avg Stock Reaction

+2.11%

Last Quarter Recap

In Q2 2026, Franklin Resources reported an EPS of $0.71, exceeding expectations by nearly 30%. The stock reacted positively, gaining 6.86% the following day.

Management Promises & Guidance

Continued focus on enhancing investment strategies.
Commitment to improving client services and support.
Plans to expand into new markets and investment products.

Expectations

Wall Street Expectations

Overall, analysts expect Franklin Resources to maintain its strong performance, especially in light of recent positive earnings surprises.

Bull Case

If the company reports strong AUM growth and positive net flows, it could signal robust demand for its investment products, leading to further stock appreciation.

Bear Case

Conversely, if net flows are negative or AUM growth is sluggish, it could raise concerns about the company's competitiveness and future revenue potential.

Key Metrics to Watch

Assets Under Management (AUM)

Expected to show growth reflecting market conditions.

AUM is a key indicator of the company's size and ability to generate revenue from management fees.

Net Flows

Expected to be positive, signaling strong client demand.

Positive net flows indicate that more money is coming into the firm than going out, which is vital for future revenue growth.

Earnings Per Share (EPS)

Analysts expect a solid EPS figure based on recent performance.

EPS is a critical measure of profitability and is closely watched by investors.

Expectations

Two Questions That Matter

The print will turn on these two things.

What are the latest figures for Assets Under Management (AUM) and how do they compare to last quarter?

AUM growth is crucial for assessing the company's ability to generate revenue and indicates client confidence.

What were the net flows for the quarter?

Net flows will provide insight into client demand and the firm's competitiveness in the asset management space.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate the impact of recent market volatility on net flows, potentially leading to a more cautious outlook than warranted.

Supporting Evidence

Recent earnings surprises indicate a stronger underlying demand than analysts predict.

Options pricing suggests a lower expected move, which may not capture potential volatility in results.

Key Risk

If net flows exceed expectations, it could challenge the current cautious consensus.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance hinges on the ability to attract and retain client assets, which directly impacts revenue.

Bull Confirmed If

AUM growth of over 5% quarter-over-quarter would confirm strong market demand.

Bear Confirmed If

Negative net flows or stagnant AUM growth would raise concerns about future revenue.

Pre-Earnings Positioning

Options Market

Implied Move

±2.32%

Historical Avg

±4.7%

Pricing cheap

The options market is pricing in a modest move, suggesting that investors are anticipating a relatively stable reaction to the earnings report.

Options are pricing ±2.3% while BEN has averaged ±4.7% over the last 8 prints — setup is pricing cheap.

Detail

ATM IV

0.3%

30d HV

31.5%

Calls (10K)P/C Ratio: 1.07Puts (20K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Franklin beats expectations, history suggests a potential stock increase of around 2.88%, confirming strong demand and management effectiveness.

In-Line / Cautious

If results are in line with expectations, the stock may react moderately, reflecting cautious optimism without strong directional bias.

Miss

A miss could lead to a decline in stock price, with historical patterns suggesting an average drop of about 3.26%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Details on the growth of Assets Under Management (AUM).
2Insights into net flows and client retention strategies.
3Any commentary on new investment products or market expansions.
4Management's outlook on market conditions and competitive landscape.
5Updates on cost management and operational efficiencies.