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Consolidated Statements of Income - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
Operating Revenues        
Operating revenues $ 2,111.4 $ 2,152.8 $ 4,363.0 $ 4,143.9
Operating Expenses        
Compensation and benefits 920.0 1,028.2 1,911.4 1,996.5
Sales, distribution and marketing 498.1 484.3 1,010.4 885.1
Information systems and technology 158.7 155.1 314.7 286.1
Occupancy 69.3 76.2 144.4 142.9
Amortization of intangible assets 112.5 84.6 225.1 170.4
Impairment of intangible assets 24.4 0.0 24.4 0.0
General, administrative and other 182.8 195.1 368.0 327.1
Total operating expenses 1,965.8 2,023.5 3,998.4 3,808.1
Operating Income 145.6 129.3 364.6 335.8
Other Income (Expenses)        
Other Nonoperating Income (Expense) 94.1 52.5 104.6 225.7
Interest expense (20.8) (27.7) (43.9) (46.5)
Nonoperating Income (Expense) (102.9) 108.8 (8.7) 233.5
Income before taxes 42.7 238.1 355.9 569.3
Taxes on income 31.1 62.8 112.2 137.7
Net Income 11.6 175.3 243.7 431.6
Less: net income (loss) attributable to        
Redeemable noncontrolling interests (158.4) 42.8 (108.8) 52.3
Nonredeemable noncontrolling interests 18.6 8.3 37.5 3.8
Net income attributable to Franklin Resources, Inc. $ 151.4 $ 124.2 $ 315.0 $ 375.5
Earnings per Share        
Basic $ 0.26 $ 0.23 $ 0.55 $ 0.71
Diluted $ 0.26 $ 0.23 $ 0.55 $ 0.71
CIPs [Member]        
Other Income (Expenses)        
Other Nonoperating Income (Expense) $ (164.7) $ 89.9 $ (50.6) $ 66.1
Other Nonoperating Expense (11.5) (5.9) (18.8) (11.8)
Less: net income (loss) attributable to        
Redeemable noncontrolling interests (167.4) 32.7 (128.5) 29.8
Investment management fees [Member]        
Operating Revenues        
Operating revenues 1,673.6 1,713.9 3,472.9 3,366.1
Sales and distribution fees [Member]        
Operating Revenues        
Operating revenues 364.9 358.3 740.4 654.7
Shareholder servicing fees [Member]        
Operating Revenues        
Operating revenues 61.9 68.0 125.4 100.5
Other [Member]        
Operating Revenues        
Operating revenues $ 11.0 $ 12.6 $ 24.3 $ 22.6