BEN · 10-K · 2026A · Full report

Operating Income and Margins

FRANKLIN TEMPLETON INC · 2026-11-09 · Importance 75 · Surprise 64

GAAP operating income increased 94.6% to $1,175.9 million in fiscal 2026 from $604.1 million, while operating margin rose to 12.5% from 6.9%. Adjusted operating income increased to $2,019.4 million from $1,640.2 million, and adjusted operating margin expanded to 28.0% from 24.5%. The GAAP-to-adjusted reconciliation included $198.4 million of intangible amortization, $204.5 million of special termination benefits, $100.0 million of regulatory settlement charges and $33.0 million of intangible impairments.