v3.26.1
Employee Benefit Plan, Fair Value and NAV
 12 Months Ended
Dec. 31, 2025
EBP 003  
EBP, Investment, Fair Value and NAV [Line Items]  
EBP, Investment, Fair Value and NAV Fair Value Measurements
The following tables present the balances of investments measured at fair value on a recurring basis by hierarchy level.
as of December 31, 2025Level 1 NAV as a
Practical
Expedient		Total
Mutual funds$1,299,144,634 $— $1,299,144,634 
Collective trusts— 1,617,709,338 1,617,709,338 
Franklin Resources, Inc. common stock34,020,928 — 34,020,928 
Self-directed brokerage accounts220,849,921 — 220,849,921 
Total Assets Measured at Fair Value$1,554,015,483 $1,617,709,338 $3,171,724,821 
as of December 31, 2024Level 1 NAV as a
Practical
Expedient		Total
Mutual funds$1,202,473,214 $— $1,202,473,214 
Collective trusts— 1,363,175,341 1,363,175,341 
Franklin Resources, Inc. common stock30,758,057 — 30,758,057 
Self-directed brokerage accounts171,855,247 — 171,855,247 
Total Assets Measured at Fair Value$1,405,086,518 $1,363,175,341 $2,768,261,859 
There were no investments utilizing Level 2 or Level 3 inputs as of December 31, 2025 and 2024, and there were no transfers into or out of Level 3 during Plan year 2025.