| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 5.2K | 5.0% | 35.2% |
| Total Income | 5.2K | 5.0% | 35.2% |
| Expenditure | 4.7K | 4.9% | 34.8% |
| PBT | 515.50 | 6.4% | 39.8% |
| Net Profit | 379.26 | 6.4% | 38.8% |
| OPM | — | ||
| NPM | 7.31% | 0.10pp | 0.19pp |
| EPS | 4.75 | 6.7% | 38.9% |
LPL Financial Announces Second Quarter 2026 Results
31 Jul 2026 · 31 Jul, 1:44 am
Summary
LPL Financial Holdings Inc. reported strong second quarter 2026 results, with net income rising 39% year-over-year to $379 million and diluted EPS reaching $4.74. Adjusted EPS also saw significant growth, increasing 29% to $5.84, driven by a 24% increase in gross profit to $1,618 million. Total client assets surged 34% to $2.6 trillion, with advisory assets up 46% to $1.5 trillion. Management highlighted continued momentum, progress on strategic priorities like the Commonwealth acquisition, and capital deployment through share repurchases.
Key Highlights
- 1
Net income for the second quarter of 2026 was $379 million, resulting in diluted earnings per share of $4.74, a 39% increase from the prior year.
- 2
Adjusted earnings per share increased by 29% year-over-year to $5.84.
- 3
Gross profit grew by 24% year-over-year to $1,618 million.
- 4
Total client assets increased by 34% year-over-year to $2.6 trillion.
- 5
Advisory assets grew 46% year-over-year to $1.5 trillion, representing 60.4% of total client assets.
- 6
Total organic net new assets were $23 billion, representing 4% annualized growth.
- 7
The company is on track to complete the conversion of Commonwealth Financial Network in the fourth quarter of 2026, with an estimated increase in run-rate EBITDA to $435 million.
Management Comments
Rich Steinmeier
After an outstanding start to the year, we continued our momentum in the second quarter, delivering another quarter of strong performance and results. We remain focused on our strategic priorities, and are on track to onboard Commonwealth later this year. Underscoring the exceptional work and dedication of our teams, JD Power recognized both Commonwealth and LPL as the top-ranked firms for independent advisor satisfaction. This is a reflection of the complementary cultures we're bringing together and the unparalleled value we deliver to advisors and their clients.
Matt Audette
The team delivered another quarter of remarkable results, highlighted by record adjusted earnings per share and further progress driving improved operating leverage. We achieved this while deploying capital across our entire framework, including continuing to invest in organic and inorganic growth and resuming share repurchases.
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