Franklin Resources, Inc. announced net income of $92.3 million, or $0.15 per diluted share, for the quarter ended June 30, 2025. This represents a decrease from $151.4 million, or $0.26 per diluted share, in the previous quarter, and $174.0 million, or $0.32 per diluted share, in the prior year's quarter.
Adjusted diluted earnings per share were $0.49, an increase from $0.47 in the previous quarter but a decrease from $0.60 in the prior year. Total operating revenues decreased 3% year-over-year to $2,064.0 million. Total assets under management (AUM) were $1.61 trillion at quarter-end, a 5% increase from the previous quarter but a 2% decrease year-over-year.
Long-term net outflows significantly improved to $9.3 billion, a notable reduction from the prior quarter. Excluding Western Asset Management (WAM), the firm recorded $7.8 billion in long-term net inflows, marking the seventh consecutive quarter of positive net flows outside of WAM. The institutional pipeline of won-but-unfunded mandates reached a record $24.4 billion.
Fundraising in alternatives generated $6.2 billion for the quarter, with $5.3 billion in private market assets, bringing fiscal year-to-date alternative fundraising to $19 billion. The firm also announced an agreement to acquire a majority interest in Apera Asset Management, which will increase pro forma private credit AUM to nearly $90 billion. The ETF platform achieved its 15th consecutive quarter of positive net flows, reaching a new high of $44.1 billion in AUM.
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