Quarterly ResultOct 27, 2026, 04:21 PM
LPL Financial Q3 Net Income $357M; Client Assets Reach $2.6T
AI Summary
LPL Financial Holdings Inc. announced its third quarter 2026 financial results, reporting a net income of $357 million, or $4.52 per diluted share, a significant improvement from a net loss in the prior year's quarter. The company highlighted strong business performance with total client assets increasing 11% year-over-year to $2.6 trillion, driven by a 16% rise in advisory assets. Adjusted EPS saw a 15% year-over-year increase to $5.97. Key strategic initiatives are progressing, including the on-track conversion of Commonwealth Financial Network, with asset retention expected around 83%. The company also declared a quarterly dividend of $0.30 per share.
Key Highlights
- LPL Financial reported Q3 2026 net income of $357 million, or $4.52 per diluted share.
- Adjusted EPS increased 15% year-over-year to $5.97.
- Total client assets grew 11% year-over-year to $2.6 trillion.
- Advisory assets increased 16% year-over-year to $1.6 trillion, representing 60.9% of total client assets.
- Total organic net new assets were $29 billion, representing 5% annualized growth.
- The company declared a $0.30 per share dividend, payable on November 30, 2026.
- Share repurchases totaled $301 million and dividends paid were $24 million in Q3 2026.
Price Impact
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