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Consolidated Statements of Income - USD ($)
$ in Millions
 3 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Operating Revenues    
Operating revenues $ 2,251.6 $ 1,991.1
Operating Expenses    
Compensation and benefits 991.4 968.3
Sales, distribution and marketing 512.3 400.8
Information systems and technology 156.0 131.0
Occupancy 75.1 66.7
Amortization of intangible assets 112.6 85.8
General, administrative and other 185.2 132.0
Total operating expenses 2,032.6 1,784.6
Operating Income 219.0 206.5
Other Income (Expenses)    
Other Nonoperating Income (Expense) 10.5 173.2
Interest expense (23.1) (18.8)
Other Nonoperating Expense 0.2  
Nonoperating Income (Expense) 94.2 124.7
Income before taxes 313.2 331.2
Taxes on income 81.1 74.9
Net Income 232.1 256.3
Less: net income (loss) attributable to    
Redeemable noncontrolling interests 49.6 9.5
Nonredeemable noncontrolling interests 18.9 (4.5)
Net income attributable to Franklin Resources, Inc. $ 163.6 $ 251.3
Earnings per Share    
Basic $ 0.29 $ 0.50
Diluted $ 0.29 $ 0.50
CIPs [Member]    
Other Income (Expenses)    
Other Nonoperating Income (Expense) $ 114.1 $ (23.8)
Other Nonoperating Expense (7.3) (5.9)
Less: net income (loss) attributable to    
Redeemable noncontrolling interests 38.9 (2.9)
Investment management fees [Member]    
Operating Revenues    
Operating revenues 1,799.3 1,652.2
Sales and distribution fees [Member]    
Operating Revenues    
Operating revenues 375.5 296.4
Shareholder servicing fees [Member]    
Operating Revenues    
Operating revenues 63.5 32.5
Other [Member]    
Operating Revenues    
Operating revenues $ 13.3 $ 10.0