Earnings per Share

12 Months Ended

Sep. 30, 2021

The components of basic and diluted earnings per share were as follows:


(in millions, except per share data)
for the fiscal years ended September 30,	2021		2020		2019
Net income attributable to Franklin Resources, Inc.	$	1,831.2	$	798.9	$	1,195.7
Less: allocation of earnings to participating nonvested stock and stock unit awards	77.7		15.3		10.9
Net Income Available to Common Stockholders	$	1,753.5	$	783.6	$	1,184.8

Weighted-average shares outstanding – basic	489.9		491.9		503.6
Dilutive effect of nonparticipating nonvested stock unit awards	0.7		0.5		0.7
Weighted-Average Shares Outstanding – Diluted	490.6		492.4		504.3

Earnings per Share
Basic	$	3.58	$	1.59	$	2.35
Diluted	3.57		1.59		2.35

Nonparticipating nonvested stock unit awards excluded from the calculation of diluted earnings per share because their effect would have been antidilutive were 0.5 million for fiscal year 2020, and 0.2 million for the fiscal year ended September 30, 2019 (“fiscal year 2019”). No nonparticipating nonvested stock unit awards were excluded for fiscal 2021.