Earnings per Share

6 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Earnings per Share

Earnings per Share

The components of basic and diluted earnings per share were as follows: 

(in millions, except per share data)	Three Months Ended March 31,				Six Months Ended March 31,
	2024		2023		2024		2023
Net income attributable to Franklin Resources, Inc.	$	124.2	$	194.2	$	375.5	$	359.8
Less: allocation of earnings to participating nonvested stock and stock unit awards	7.2		9.0		16.3		16.7
Net Income Available to Common Stockholders	$	117.0	$	185.2	$	359.2	$	343.1
Weighted-average shares outstanding – basic	518.4		490.7		502.6		490.1
Dilutive effect of nonparticipating nonvested stock unit awards	0.8		0.7		0.8		0.7
Weighted-Average Shares Outstanding – Diluted	519.2		491.4		503.4		490.8
Earnings per Share
Basic	$	0.23	$	0.38	$	0.71	$	0.70
Diluted	0.23		0.38		0.71		0.70

Nonparticipating nonvested stock unit awards excluded from the calculation of diluted earnings per share because their effect would have been antidilutive were insignificant for the three and six months ended March 31, 2024 and 2023.