BEN · 10-K · 2026A · Full report

Amortization and Impairment Charges

FRANKLIN TEMPLETON INC · 2026-11-09 · Importance 44 · Surprise 64 · In source text

Amortization of intangible assets declined 51% to $198.4 million in fiscal 2026 from $406.5 million, primarily because certain intangible assets became fully amortized, partly offset by reclassifications and shorter useful lives for certain trade names. Intangible impairment charges fell 85% to $33.0 million from $226.6 million. The 2026 impairment principally related to acquired mutual-fund investment-management contracts; the 2025 charge included $200.0 million for certain WAM contracts and $26.6 million for other management-contract assets.

Key facts

• Amortization of intangible assets decreased $208.1 million in fiscal year 2026, primarily because intangible assets became fully amortized in fiscal years 2026 and 2025, partly offset by reclassifications and shortened useful lives of certain trade-name assets. source
• Franklin impaired indefinite-lived intangible assets by $33.0 million in fiscal year 2026, primarily relating to certain acquired mutual fund investment management contracts. source
• During fiscal 2026, FRANKLIN TEMPLETON INC recognized $33.0 million of impairments on certain indefinite-lived acquired management contract intangible assets, triggered by decreased AUM in related products. source
• As of September 30, 2026, FRANKLIN TEMPLETON INC's definite-lived intangible assets had a cumulative weighted-average remaining useful life of 8.1 years after revising the remaining useful life of an asset due to accelerated net outflows in certain WAM managed accounts. source

Impact estimates