| Metric | Value ($ M) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 5.3K | 3.0% | 17.4% |
| Total Income | 5.3K | 3.0% | 17.4% |
| Expenditure | 4.9K | 4.0% | 6.0% |
| PBT | 485.13 | 5.9% | 1522.3% |
| Net Profit | 356.56 | 6.0% | 1307.9% |
| OPM | — | ||
| NPM | 6.67% | 0.64pp | 7.32pp |
| EPS | 4.53 | 4.6% | 1324.3% |
LPL Financial Announces Third Quarter 2026 Results
28 Oct 2026 · 28 Oct, 1:51 am
Summary
LPL Financial reported strong third quarter 2026 results, with net income of $357 million and diluted EPS of $4.52. Adjusted EPS saw a significant 15% year-over-year increase to $5.97, and gross profit rose 12% to $1,662 million. Total client assets grew 11% to $2.6 trillion, driven by a 16% increase in advisory assets. Management expressed confidence in sustained momentum through year-end and into 2027, highlighting strong organic growth and progress on strategic initiatives.
Key Highlights
- 1
LPL Financial announced third quarter 2026 net income of $357 million, translating to diluted earnings per share of $4.52.
- 2
Adjusted EPS increased 15% year-over-year to $5.97 for the third quarter of 2026.
- 3
Gross profit increased 12% year-over-year to $1,662 million in Q3 2026.
- 4
Total client assets increased 11% year-over-year to $2.6 trillion as of September 30, 2026.
- 5
Advisory assets grew 16% year-over-year to $1.6 trillion, representing 60.9% of total client assets.
- 6
Total organic net new assets were $29 billion, representing 5% annualized growth for the quarter.
- 7
The company is narrowing its 2026 Core G&A outlook range to $2,140-2,160 million.
Management Comments
Rich Steinmeier
After an outstanding first half of the year, we delivered another quarter of strong business performance and excellent financial results, while making meaningful progress on key strategic initiatives. We delivered improved organic growth, advanced our preparation to onboard Commonwealth, and began the roll out of our proprietary AI agent, Cyan, to advisors. These accomplishments underscore the strength of our platform and our continued focus on delivering unmatched value for advisors and their clients.
Matt Audette
The team delivered another quarter of outstanding results, highlighted by strong organic growth and record adjusted earnings per share, all while advancing our advisor experience and executing on our capital allocation strategy. These efforts position us to sustain that momentum through year-end and into 2027.
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