LPL Financial Reports Q3 2026 Results: Net Income $357 Million, Assets Reach $2.6 Trillion

LPL Financial Holdings Inc. reported its financial results for the three months ended September 30, 2026, in a Form 8-K filed on October 27, 2026. The company reported net income of $357 million, or $4.52 per share, for the third quarter of 2026. This figure compares to a net loss of $30 million, or $0.37 per share, in the same period of the prior year, and net income of $379 million, or $4.74 per share, in the prior quarter.

Key financial metrics for the quarter included adjusted earnings per share (EPS) of $5.97, a 15% increase year-over-year. Gross profit was reported at $1.662 billion, representing a 12% increase year-over-year. Adjusted pre-tax income was $641 million, up 13% from the previous year. The company also noted that core general and administrative (G&A) expenses increased 11% year-over-year to $532 million.

In terms of business performance, total client assets increased 11% year-over-year to $2.6 trillion. Advisory assets grew 16% year-over-year to $1.6 trillion, comprising 60.9% of total client assets, up from 58.2% a year ago. Total organic net new assets were $29 billion, representing 5% annualized growth. Recruited assets were $24 billion, down 26% from a year ago, with $81 billion reported over the trailing twelve months.

LPL Financial also disclosed updates regarding its capital and liquidity. Corporate cash stood at $563 million, and the leverage ratio was 1.93x. The company repurchased $301 million of its shares and paid $24 million in dividends during the quarter.

Regarding strategic initiatives, the company is on track to complete the conversion of Commonwealth Financial Network in the fourth quarter of 2026. Asset retention for Commonwealth is now expected to be approximately 83%, with an estimated run-rate EBITDA of $415 million. Additionally, the company deployed approximately $20 million of capital to close three deals in the third quarter.

The company’s Board of Directors declared a dividend of $0.30 per share, scheduled to be paid on November 30, 2026, to stockholders of record as of November 12, 2026.