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Earnings per Share (Tables)
 3 Months Ended
Dec. 31, 2015
Earnings Per Share [Abstract]  
Schedule of basic and diluted earnings
The components of basic and diluted earnings per share were as follows: 
(in millions, except per share data)
 
Three Months Ended
December 31,
 
2015
 
2014
Net income attributable to Franklin Resources, Inc.
 
$
447.8

 
$
566.4

Less: allocation of earnings to participating nonvested stock and stock unit awards
 
2.7

 
3.6

Net Income Available to Common Stockholders
 
$
445.1

 
$
562.8

 
 
 
 
 
Weighted-average shares outstanding – basic
 
597.6

 
620.1

Dilutive effect of nonparticipating nonvested stock unit awards and common stock options
 
0.1

 
0.1

Weighted-Average Shares Outstanding – Diluted
 
597.7

 
620.2

 
 
 
 
 
Earnings per Share
 
 
 
 
Basic
 
$
0.74

 
$
0.91

Diluted
 
0.74

 
0.91