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Sentiment · FY2026 Q3
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Bill Katz | TD Cowen | 12 (0%) |
| Alex Blostein | Goldman Sachs | 10 (0%) |
| Dan Fannon | Jefferies | 9 (0%) |
| Mike Cyprys | Morgan Stanley | 9 (0%) |
| Patrick Davitt | Autonomous Research | 7 (14%) |
| Ben Budish | Barclays | 7 (0%) |
| Glenn Schorr | Evercore ISI | 5 (0%) |
| Brian Bedell | Deutsche Bank | 4 (0%) |
| Ken Worthington | JPMorgan | 4 (0%) |
| Brennan Hawken | BMO Capital Markets | 4 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| TD Cowen | 1 | 12 (0%) |
| Goldman Sachs | 1 | 10 (0%) |
| Jefferies | 1 | 9 (0%) |
| Morgan Stanley | 1 |
| 9 (0%) |
| Autonomous Research | 1 | 7 (14%) |
| Barclays | 1 | 7 (0%) |
| Evercore ISI | 2 | 6 (0%) |
| Deutsche Bank | 1 | 4 (0%) |
Franklin Templeton delivered strong Q2 FY2026 with revenue up 8.7% and EPS doubling year-over-year, as long-term net inflows of $16.9 billion featured record gross sales across all regions. Alternatives raised $14.3 billion including Lexington contributions, Canvas reached $22.9 billion with 72% CAGR since acquisition, and adjusted operating income rose 25.8% with margin expansion on track. ETFs hit $61.6 billion, the FranklinCrypto initiative was announced, and private credit reached $96 billion.
Margin | Revenue Growth | Competitive Dynamics | Cost Pressure | Product Launch | Demand | M&A | Geographic Expansion | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 2 | 3 | 2 | 1 | 1 | 1 | 1 | |
| 2025Q1 | 5 | 2 | 1 | 2 | 1 | 1 | 3 | |
| 2025Q2 | 2 | 4 | 2 | 1 | 2 | 2 | 2 | 2 |
| 2025Q3 | 3 | 2 | 3 | 2 | 4 | 2 | 1 | 1 |
| 2025Q4 | 3 | 4 | 3 | 4 | 4 | 2 | 1 | |
| 2026Q1 | 7 | 1 | 3 | 4 | 1 | 3 | 2 | |
| 2026Q2 | 2 | 3 | 5 | 4 | 3 | 2 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | '26Q2 | |
|---|---|---|---|---|---|---|---|
| Margin | 2 | 5 | 2 | 3 | 3 | 7 | 2 |
| Revenue Growth | 3 | 2 | 4 | 2 | 4 | 1 | 3 |
| Competitive Dynamics | 2 | 1 | 2 | 3 | 3 | 3 | 5 |
| Cost Pressure | 1 | 2 | 1 | 2 | 4 | 4 | 4 |
| Product Launch | 1 | 1 | 2 | 4 | 4 | 1 | 3 |
| Demand | 1 | 1 | 2 | 2 | 2 | 3 | 2 |
| M&A | 1 | 3 | 2 | 1 | 2 | ||
| Geographic Expansion | 2 | 1 | 1 |
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin |
|---|---|---|---|---|---|---|
| FY2024 Q4 | $2.21B | +11.3% | $-0.18 | -131.0% | -6.8% | -3.8% |
| FY2025 Q1 | $2.25B | +13.1% | $0.29 | -42.0% | 9.7% | 7.3% |
| FY2025 Q2 | $2.11B | -1.9% | $0.26 | +13.0% | 6.9% | 7.2% |
| FY2025 Q3 |
| $2.06B |
| -2.8% |
| $0.15 |
| -53.1% |
| 7.5% |
| 4.5% |
| FY2025 Q4 | $2.34B | +6.0% | $0.21 | +216.7% | 3.6% | 5.0% |
| FY2026 Q1 | $2.33B | +3.4% | $0.46 | +58.6% | 12.1% | 11.0% |
| FY2026 Q2 | $2.29B | +8.7% | $0.52 | +100.0% | 14.1% | 15.1% |
| FY2026 Q3 | $2.36B | +14.3% | $0.31 | +106.7% | 9.2% | 7.3% |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
What BEN and other companies said about each other on FY2026 Q2 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“Kraken, Ondo, Coinbase, Binance”
Franklin cites Coinbase among crypto exchanges with wallets that represent near-term distribution opportunities for its tokenized products.
“eight on Kraken and five on Ondo”
Franklin has launched five tokenized ETFs on Ondo as a distribution channel for tokenized products.
“eight on Kraken and five on Ondo”
Franklin has launched eight tokenized ETFs on crypto exchange Kraken as a distribution channel for tokenized products.
“our platform used for distribution in partnership with Microsoft.”
Franklin built its AI Intelligence Hub distribution platform in partnership with Microsoft.
“Earlier this month, we announced plans to acquire 250 Digital, an active cryptocurrency investment management firm, and to launch FranklinCrypto.”
Franklin Resources announced plans to acquire crypto investment firm 250 Digital to build out its digital assets platform.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
BEN Franklin Resources | 8 | +8.7% | |
| AMP Ameriprise Financial | 8 | +9.0% | |
| ARES Ares Management Corporation | 9 | +40.8% | |
| BLK BlackRock | 9 | +26.9% | |
| BNY BNY Mellon | 9 | +2.2% | |
| BX Blackstone Inc. | 8 | +39.3% | |
| IVZ Invesco | 8 | +14.1% | |
| KKR KKR | 7 | +31.0% | |
| NTRS Northern Trust | 9 | +7.8% | |
| STT State Street Corporation | 9 | +2.2% | |
| TROW T. Rowe Price | 6 | +5.3% |