Franklin Templeton Expects FY2027 Adjusted Operating Margin of About 30%

By Public Technologies
  • Franklin Templeton expects fiscal 2027 adjusted operating margin near 30%, two years ahead of plan, versus 28% in fiscal 2026.
  • Expenses excluding performance fee-related costs are forecast flat to slightly higher, assuming flat markets at October 31, 2026 AUM levels.
  • The expense outlook includes Stoneshield and Encina acquisitions, with cost savings offsetting additional strategic investment spending.
  • Effective fee rates are expected broadly in line with fiscal 2026's 37.6 basis points.


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