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Earnings per Share - Components of Basic and Diluted Earnings per Share (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
Earnings Per Share Reconciliation [Abstract]        
Net income attributable to Franklin Resources, Inc. $ 151.4 $ 124.2 $ 315.0 $ 375.5
Less: allocation of earnings to participating nonvested stock and stock unit awards - basic 14.3 7.2 29.7 16.3
Less: allocation of earnings to participating nonvested stock and stock unit awards - diluted 14.3 7.2 29.7 16.3
Net Income Available to Common Stockholders - basic 137.1 117.0 285.3 359.2
Net Income Available to Common Stockholders - diluted $ 137.1 $ 117.0 $ 285.3 $ 359.2
Weighted-average shares outstanding – basic 519.1 518.4 518.3 502.6
Dilutive effect of nonparticipating nonvested stock unit awards 0.8 0.8 0.7 0.8
Weighted-Average Shares Outstanding – Diluted 519.9 519.2 519.0 503.4
Earnings per Share [Abstract]        
Basic $ 0.26 $ 0.23 $ 0.55 $ 0.71
Diluted $ 0.26 $ 0.23 $ 0.55 $ 0.71