Quarterly ResultJul 30, 2026, 04:14 PM
LPL Financial Q2 EPS $4.74, Net Income $379M; Client Assets $2.6T
AI Summary
LPL Financial Holdings Inc. announced strong second quarter 2026 results, with net income rising 39% to $379 million and diluted EPS increasing 39% to $4.74. The company reported significant growth in total client assets, up 34% year-over-year to $2.6 trillion, and recruited assets of $25 billion. LPL also resumed share repurchases, buying back $309 million in Q2, and increased its repurchase authorization by $2.5 billion.
Key Highlights
- Net income was $379 million, up 39% year-over-year.
- Diluted earnings per share (EPS) was $4.74, a 39% increase year-over-year.
- Total client assets grew 34% year-over-year to $2.6 trillion.
- Gross profit increased 24% year-over-year to $1,618 million.
- Recruited assets were $25 billion, up 35% from a year ago.
- Share repurchases totaled $309 million in Q2, with $300 million planned for Q3.
- Board approved a $2.5 billion increase to the share repurchase authorization.
- Acquisition of Mariner Advisor Network closed, adding $31 billion in client assets.
Price Impact
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