| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 4.9K | 34.6% |
| Total Income | 4.9K | 34.6% |
| Expenditure | 4.5K | 36.9% |
| PBT | 484.58 | 16.1% |
| Net Profit | 356.40 | 11.9% |
| OPM | — | |
| NPM | 7.22% | 1.46pp |
| EPS | 4.45 | 4.2% |
LPL Financial Announces Q1 2026 Results: Net Income $356 Million
03 May 2026 · 3 May, 6:07 pm
Summary
LPL Financial Holdings Inc. announced its first quarter 2026 results, reporting net income of $356 million, or $4.43 per share. This compares to net income of $319 million, or $4.24 per share, in the first quarter of 2025. Total client assets increased 30% year-over-year to $2.3 trillion. The company is lowering the upper end of its 2026 Core G&A outlook range by $20 million to a range of $2,155-2,190 million.
Key Highlights
- 1
LPL Financial reported net income of $356 million, with diluted earnings per share of $4.43, up 4% year-over-year for Q1 2026.
- 2
Adjusted EPS increased 9% year-over-year to $5.60.
- 3
Gross profit increased 25% year-over-year to $1,593 million.
- 4
Total client assets increased 30% year-over-year to $2.3 trillion.
- 5
Total organic net new assets were $21 billion, representing 4% annualized growth.
- 6
Recruited assets were $17 billion, down 55% from a year ago.
- 7
The company is lowering the upper end of its 2026 Core G&A outlook range by $20 million to a range of $2,155-2,190 million.
Management Comments
Rich Steinmeier
"It was a strong start to the year for LPL," said Rich Steinmeier, CEO. "We achieved record earnings per share, while continuing to make progress across our key strategic priorities. With recruiting momentum building, and preparations underway to onboard Commonwealth later this year, we remain well-positioned to execute on our vision."
Matt Audette
"We delivered another quarter of solid business and financial results, as our value proposition continues to resonate across the marketplace," said Matt Audette, President and CFO. "In addition, we continue to improve operating leverage by enhancing efficiency across our platform and better aligning monetization with the value we deliver. Looking ahead, we are well positioned to continue delivering long‑term shareholder value."
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