Quarterly ResultAug 3, 2026, 08:17 AM
LPL Financial Q2 Net Income +39% to $379.3M; $2.5B Buyback Authorized
AI Summary
LPL Financial Holdings Inc. reported strong second-quarter 2026 results with net income increasing by 39% to $379.3 million and diluted EPS rising to $4.74. The company also saw significant growth in total advisory and brokerage assets, reaching $2.56 trillion, up 33% year-over-year. Additionally, the Board authorized a new $2.5 billion share repurchase program, signaling confidence in future performance and capital return to shareholders.
Key Highlights
- Net income increased 39% to $379.3 million in Q2 2026.
- Diluted EPS rose 39.4% to $4.74 for Q2 2026.
- Total advisory and brokerage assets grew 33.3% to $2.56 trillion.
- Total net new assets were $23.6 billion for the three months ended June 30, 2026.
- Board authorized a new $2.5 billion share repurchase program.
- The company repurchased $309.5 million of shares in Q2 2026.
- Total revenue increased 35% to $5.19 billion in Q2 2026.
- Advisor count reached 32,475, up 10.6% year-over-year.
Price Impact
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