Earnings per Share
The components of basic and diluted earnings per share were as follows:
(in millions, except per share data)
for the fiscal years ended September 30,202520242023
Net income attributable to Franklin Resources, Inc.$524.9 $464.8 $882.8 
Less: allocation of earnings to participating nonvested stock and stock unit awards
53.2 32.6 37.7 
Net Income Available to Common Stockholders$471.7 $432.2 $845.1 
Weighted-average shares outstanding – basic
516.7 509.5 490.0 
Dilutive effect of nonparticipating nonvested stock unit awards
0.7 0.8 0.8 
Weighted-Average Shares Outstanding – Diluted517.4 510.3 490.8 
Earnings per Share
Basic$0.91 $0.85 $1.72 
Diluted0.91 0.85 1.72 
Nonparticipating nonvested stock unit awards excluded from the calculation of diluted earnings per share because their effect would have been antidilutive were not significant for the fiscal year ended September 30, 2025 (“fiscal year 2025”), the fiscal year ended September 30, 2024 (“fiscal year 2024”) and fiscal year 2023.

Historical Timeline

Fiscal YearFiled
2025Nov 10, 2025Showing above
2024Nov 12, 2024
2023Nov 14, 2023
2022Nov 14, 2022
2021Nov 19, 2021
2020Nov 23, 2020
2019Nov 12, 2019
2018Nov 9, 2018
2017Nov 13, 2017
2016Nov 14, 2016
2015Nov 12, 2015

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.