• 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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Franklin Templeton Inc. published the original content used to generate this news brief on November 06, 2026, and is solely responsible for the information contained therein.