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Debt (Tables)

12 Months Ended

Sep. 30, 2025

Debt Disclosure [Abstract]

Schedule of outstanding debt

Debt consisted of the following:

(in millions)						2025						Effective Interest Rate						2024						Effective Interest Rate
as of September 30,
Debt of Franklin Resources, Inc.
$400 million 2.850% senior notes due March 2025						$	—					N/A						$	400.0					2.97		%
$850 million 1.600% senior notes due October 2030						847.9						1.74		%				847.5						1.74		%
$350 million 2.950% senior notes due August 2051						348.1						3.00		%				348.0						3.00		%
Total debt of Franklin Resources, Inc.						1,196.0												1,595.5
Debt of Legg Mason (a subsidiary of Franklin)
$450 million 4.750% senior notes due March 2026						456.1						1.80		%				469.5						1.80		%
$550 million 5.625% senior notes due January 2044						717.4						3.38		%				723.9						3.38		%
Total debt of Legg Mason						1,173.5												1,193.4
Debt issuance costs						(7.5)												(8.6)
Total						$	2,362.0											$	2,780.3

Debt of CLOs totaled $9,937.3 million and $9,341.5 million at September 30, 2025 and September 30, 2024.

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- Definition

Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

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