Quarterly ResultApr 30, 2026, 04:25 PM
LPLA Q1 Net Income $356M, EPS $4.43; Client Assets $2.3T
AI Summary
LPL Financial Holdings Inc. reported a strong start to 2026 with net income of $356 million and diluted EPS of $4.43, up 12% and 4% respectively year-over-year. Adjusted EPS increased 9% to $5.60, driven by a 25% rise in gross profit to $1,593 million. The company saw total client assets grow 30% to $2.3 trillion, with advisory assets up 42% to $1.4 trillion. Strategic updates include an agreement to acquire Mariner Advisor Network, adding $31 billion in client assets, and a reduction in the upper end of its 2026 Core G&A outlook. LPL also declared a $0.30 per share dividend and resumed its share repurchase program.
Key Highlights
- Net income was $356 million, up 12% year-over-year; diluted EPS was $4.43, up 4% year-over-year.
- Adjusted EPS increased 9% year-over-year to $5.60.
- Total client assets grew 30% year-over-year to $2.3 trillion, with advisory assets up 42% to $1.4 trillion.
- Gross profit increased 25% year-over-year to $1,593 million.
- Total organic net new assets were $21 billion, representing 4% annualized growth.
- Announced agreement to lead the acquisition of Mariner Advisor Network, adding $31 billion in client assets.
- Declared a $0.30 per share dividend; resumed share repurchases with $125 million planned for Q2.
- Lowered the upper end of 2026 Core G&A outlook range by $20 million to $2,155-$2,190 million.