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Sep 30, 2024
Franklin Resources Q4 2024 Earnings Report
Franklin Resources reported a net loss for Q4 2024, but AUM reached a record high, driven by market rally and positive flows in key areas.
Key Takeaways
Franklin Resources reported a net loss of $84.7 million for Q4 2024, compared to a net income of $295.5 million in the same quarter last year. However, the company's AUM reached a record $1.6786 trillion, driven by a market rally and positive flows in alternative and multi-asset investment strategies. The acquisition of Putnam Investments has exceeded expectations, contributing to AUM growth and cost savings.
Net loss of $84.7 million, or $0.19 per diluted share, compared to net income of $295.5 million, or $0.58 per diluted share, in Q4 2023.
Adjusted net income was $315.2 million, or $0.59 per diluted share, compared to $427.0 million, or $0.84 per diluted share, in Q4 2023.
Assets under management (AUM) reached a record $1.6786 trillion, up 22% year-over-year.
Long-term net outflows were $31.3 billion, including $37.0 billion of long-term net outflows at Western Asset Management.
Franklin Resources
Franklin Resources
Franklin Resources Revenue by Segment
Franklin Resources Revenue by Geographic Location
Revenue by Segment
Investment Mgmt Fees Revenue
CapyFin.comSales & Distribution Revenue
CapyFin.comShareholder Servicing Revenue
CapyFin.comOther Revenue
CapyFin.comRevenue by Geographic Location
United States Revenue
CapyFin.com Forward Guidance
The company did not provide specific forward guidance in this earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income