Franklin Templeton expects fiscal 2027 adjusted operating margin of about 30%
BEN•BEN•BEN•BEN•Franklin Templeton expects its fiscal 2027 adjusted operating margin to be near 30%, two years ahead of plan, compared with 28% in fiscal 2026. It forecasts expenses excluding performance fee-related costs to be flat to slightly higher and effective fee rates broadly in line with fiscal 2026's 37.6 basis points.
Franklin Templeton expects its fiscal 2027 adjusted operating margin to be near 30%, two years ahead of plan, versus 28% in fiscal 2026.
Expenses excluding performance fee-related costs are forecast to be flat to slightly higher, assuming flat markets at October 31, 2026 assets under management levels. The outlook includes the Stoneshield and Encina acquisitions, with cost savings offsetting additional strategic investment spending. Effective fee rates are expected to be broadly in line with fiscal 2026's 37.6 basis points.
