Franklin Templeton Lifts 2029 Margin Goal to 35%, Raises Private Markets Target to $150B After $84.1B Inflows

Franklin Templeton concluded fiscal 2026 with $1.8 trillion in assets under management and $84.1 billion in long-term net inflows, achieving a 5.3% organic growth rate. The company raised its fiscal 2029 private markets fundraising target to $150 billion and its exit margin target to 35%, which is five percentage points higher than the goal set two years prior. CEO Jenny Johnson highlighted positive net flows across all channels and regions, while CFO Matt Nicholls provided guidance for fiscal 2027, anticipating an adjusted operating margin of approximately 30%.