Franklin Templeton Q4 Net Income Triples Year-Over-Year as Revenue Rises and Expenses Fall, Stock Gains 4%

Franklin Templeton, Inc. reported a sharp surge in preliminary net income for its fiscal fourth quarter ended September 30, 2026, posting $380.1 million or $0.72 per diluted share. That compares to $171.5 million or $0.31 per diluted share in the prior quarter and $117.6 million or $0.21 per diluted share in the year-ago quarter, representing more than a tripling of profit year-over-year. Full-year fiscal 2026 net income came in at $1,075.3 million or $1.97 per diluted share.

On an adjusted basis, the company posted non-GAAP earnings per share of $0.94, beating analyst estimates by $0.17, while revenue of $2.43 billion topped expectations by $10 million. The outperformance was driven by improved revenue combined with decreased expenses. Shares rose approximately 4% on the results.

Alongside the earnings release, Franklin Templeton raised its long-term targets at an investor event, setting a goal of a 35% adjusted operating margin by the fourth quarter of 2029. The company also lifted its 2029 fundraising and product targets to $150 billion in private markets, $200 billion in ETFs, and $100 billion on its Canvas platform.