LPL Financial Holdings Inc. logo LPLA - LPL Financial Holdings Inc.

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| PRICE TARGET: $441.00 DETAILS
HIGH: $500.00
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MEDIAN: $445.00
CONSENSUS: $441.00
UPSIDE: 54.31%

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LPL Financial Announces First Quarter 2026 Results

LPL Financial Announces First Quarter 2026 Results

Key Financial Results Net income was $356 million , translating to diluted earnings per share ("EPS") of $4.43 , up 4% from a year ago Adjusted EPS* increased 9% year-over-year to $5.60 Gross profit* increased 25% year-over-year to $1,593 million Core G&A* increased 29% year-over-year to $532 million Adjusted pre-tax income* increased 20% year-over-year to $613 million Key Business Results Total client assets increased 30% year-over-year to $2.3 trillion Advisory assets increased 42% year-over-year to $1.4 trillion Advisory assets as a percentage of total client assets increased to 59.5%, up from 54.5% a year ago Total organic net new assets were $21 billion , representing 4% annualized growth Recruited assets ( 1 ) were $ 17 billion, down 55% from a year ago Recruited assets over the trailing twelve months were $83 billion Total client cash balances were $59 billion , a decrease of $2 billion sequentially and an increase of $6 billion year-over-year Client cash balances as a percentage of total client assets were 2.5%, down from 2.6% in the prior quarter and 3.0% in the prior year Key Capital and Liquidity Measures Corporate cash ( 2 ) was $567 million Leverage ratio ( 3 ) was 1.86x Dividends paid were $24 million Key Updates M&A: Commonwealth Financial Network ("Commonwealth"): On track to complete the conversion in the fourth quarter of 2026 Continue to expect asset retention of approximately 90% Estimated run-rate EBITDA has decreased from $425 million to $410 million Mariner Advisor Network : In April, announced an agreement to lead the acquisition of Mariner Advisor Network, an LPL branch office supporting 367† advisors who collectively manage $31 billion† of client assets As part of this transaction, approximately 223 advisors will remain directly affiliated with LPL, and approximately 144 hybrid advisors will transition to Private Advisor Group's hybrid RIA model Liquidity & Succession: Deployed approximately $62 million of capital to close six deals in Q1 Core G&A: Given our performance to date, we are lowering the upper end of our 2026 Core G&A* outlook range by $20 million to a range of $2,155-2,190 million, including expenses related to Commonwealth Capital Management: Share Repurchases: In April, resumed our share repurchase program, with an estimated $125 million of repurchases planned during the second quarter *See the Non-GAAP Financial Measures section and the endnotes to this release for further details about these non-GAAP financial measures SAN DIEGO, April 30, 2026 (GLOBE NEWSWIRE) -- LPL Financial Holdings Inc. (Nasdaq: LPLA) (the "Company") today announced results for its first quarter ended March 31, 2026, reporting net income of $356 million, or $4.43 per share. This compares with net income of $319 million, or $4.24 per share, in the first quarter of 2025 and net income of $301 million, or $3.74 per share, in the prior quarter.

Apr 30, 2026 12:05 PM • globenewswire.com
LPL Financial Launches Military Deployment Practice Continuation Program

LPL Financial Launches Military Deployment Practice Continuation Program

SAN DIEGO, April 28, 2026 (GLOBE NEWSWIRE) -- LPL Financial LLC (Nasdaq:LPLA) today announced the launch of its Military Deployment Practice Continuation Program, a new support framework designed to help eligible LPL-affiliated financial advisors who serve in the U.S. Armed Forces maintain the value and stability of their practices when they are called to active duty. When advisors enter active military service, FINRA designates them as inactive under its Active Military Leave policy, temporarily pausing certain registration requirements.

Apr 28, 2026 05:00 AM • globenewswire.com

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