Franklin Templeton Posts Strong Q4 Results as Tokenized Funds Surge and Analyst Targets Rise

Franklin Resources (NYSE: BEN) delivered upbeat fourth-quarter results for the period ended September 30, 2026, with preliminary net income of $380.1 million, or $0.72 per diluted share, more than tripling the $117.6 million, or $0.21 per diluted share, reported in the same quarter a year earlier. Adjusted net income came in at $493.4 million, or $0.94 per diluted share, up from $357.5 million, or $0.67, in the year-ago quarter, beating the analyst consensus estimate of $0.77. Revenue for the quarter reached $2.43 billion, up 3.9% year over year. Following the report, analysts raised their price targets for the stock.

Total assets under management stood at approximately $1.795 trillion, in line with estimates. Net flows were mixed across asset classes: equity flows of $4.0 billion exceeded the $2.32 billion consensus, multi-asset flows of $7.9 billion topped the $4.84 billion estimate, and alternatives flows of $9.5 billion came in just below the $10.18 billion forecast, while fixed income saw outflows of $0.6 billion against an expected inflow of $3.33 billion.

Separately, Franklin Templeton's tokenized fund business added $532.4 million in assets over the past 30 days, underscoring the firm's growing role at the intersection of blockchain technology and traditional asset management. The company's OnChain U.S. Government Liquidity Fund has been expanding its distribution footprint, including through partnerships with platforms such as HashKey Exchange in Hong Kong. Franklin Templeton is also among the institutional leaders scheduled to speak at the Digital Assets Forum in New York on November 13.

BEN moved up to the number 485 spot in the S&P 500 by market capitalization, passing Universal Health Services (UHS) in the rankings. Franklin Templeton Head of Index Investments Dina Tang appeared on Bloomberg ETF IQ to discuss trends in the exchange-traded funds industry.