LPL Financial Announces Third Quarter 2026 Results
Key Highlights
- ➤Adjusted EPS rose 15% year-over-year to $5.97
- ➤Total client assets increased 11% year-over-year to $2.6 trillion
- ➤Advisory assets grew 16% year-over-year to $1.6 trillion
- ➤Commonwealth conversion remains on track for Q4 2026
- ➤Commonwealth asset retention now expected at approximately 83%
Expert Statements
Rich Steinmeier, CEO of LPL Financial
“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”
Rich Steinmeier, CEO of LPL Financial
“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, President and CFO of LPL Financial
“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”
Matt Audette, President and CFO of LPL Financial
“These efforts position us to sustain that momentum through year-end and into 2027.”
Key Financial Results * Net income was $357 million, translating to diluted earnings per share ("EPS") of $4.52 * Adjusted EPS* increased 15% year-over-year to $5.97 * Gross profit* increased 12% year-over-year to $1,662 million * Core G&A* increased 11% year-over-year to $532 million * Adjusted pre-tax income* increased 13% year-over-year to $641 million Key Business Results * Total client assets increased 11% year-over-year to $2.6 trillion * Advisory assets increased 16% year-over-year to $1.6 trillion * Advisory assets as a percentage of total client assets increased to 60.9%, up from 58.2% a year ago
* Total organic net new assets were $29 billion, representing 5% annualized growth * Recruited assets(()(1)()) were $24 billion, down 26% from a year ago * Recruited assets over the trailing twelve months were $81 billion
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