Franklin Resources Q2 2022 Earnings Report
Key Takeaways
Franklin Resources reported a decrease in net income and diluted earnings per share for the quarter ended March 31, 2022, compared to both the previous quarter and the same quarter last year. However, the company saw long-term net inflows into higher fee products in the multi-asset category and at alternative specialist investment managers.
Net income decreased to $349.6 million, or $0.68 per diluted share, compared to $381.8 million, or $0.74 per diluted share, for the quarter ended March 31, 2021.
Adjusted net income increased to $491.6 million, or $0.96 per diluted share, compared to $403.5 million, or $0.79 per diluted share, for the quarter ended March 31, 2021.
Total assets under management (AUM) were $1,477.5 billion at March 31, 2022, a decrease of 1% year-over-year.
The company experienced long-term net outflows, but saw inflows into multi-asset and alternative investment products.
Franklin Resources
Franklin Resources
Franklin Resources Revenue by Segment
Franklin Resources Revenue by Geographic Location
Forward Guidance
The company did not provide specific forward guidance in the earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income