LPL Financial (LPLA) Q3 2026 Earnings
Adjusted EPS excludes amortization of other intangibles of $72,844 thousand ($0.92/share) and acquisition costs of $83,149 thousand ($1.05/share), net of a tax benefit of $41,281 thousand ($0.52/share); GAAP diluted EPS was $4.52
How Did LPLA Stock React to Q3 2026 Earnings?
Did LPLA Beat Earnings? Q3 2026 Results
Yes. LPL Financial reported Q3 2026 earnings of $5.97 a share on Oct 27, 2026, beating the $5.69 consensus estimate by 5.0%. Revenue was $5.3B against a $5.3B estimate.
LPL Financial delivered a stronger-than-expected earnings result in the third quarter of 2026, extending its streak of beating consensus EPS estimates to six consecutive quarters. Adjusted EPS of $5.97 topped the $5.69 consensus by 4.97%, with the CFO characterizing the figure as a record, while revenue of $5.34 billion rose 17.4% year-over-year and came in just fractionally below the $5.35 billion estimate. The clearest driver of the quarter was advisory fee growth, up 30% year-over-year as advisory assets climbed 16% to roughly $1.60 trillion and now represent 60.9% of LPL's $2.60 trillion in total client assets. GAAP net income swung to $357 million from a loss of $30 million a year ago, when the Commonwealth Financial Network closing triggered $419 million in one-time charges. Looking ahead, management narrowed its 2026 Core G&A outlook to $2.14 billion to $2.16 billion and kept the Commonwealth advisor conversion on track for Q4, with asset retention now expected near 83% and run-rate EBITDA projected at $415 million.
- Advisory revenue up 30% year-over-year as advisory assets rose 16% to $1.6 trillion
- Advisory assets reached 60.9% of total client assets vs 58.2% a year ago
- Total organic net new assets of $29 billion (4.5% annualized growth), led by $34.5 billion of organic corporate RIA advisory NNA
- Service and fee revenue up 25% and transaction revenue up 18% year-over-year
- Total client assets up 11% year-over-year to $2.6 trillion
- Acquisition costs fell to $83.1 million from $538.2 million in Q3 2025, which included Commonwealth closing costs
- Centrally managed assets up 23% year-over-year to $250.4 billion
- AUM retention rate of 97.4% vs 96.4% a year ago
“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.”
LPL Financial CEO, on the earnings call
What Is LPL Financial's Outlook?
LPL narrowed its 2026 Core G&A outlook range to $2,140-2,160 million, including expenses related to Commonwealth. The Commonwealth conversion remains on track for completion in the fourth quarter of 2026. Asset retention is now expected to be approximately 83% and estimated run-rate EBITDA $415 million. The CFO said the company is positioned to sustain its momentum through year-end and into 2027.
LPLA YoY Financials
| Metric | Q3 2026 | Q3 2025 | Year over year |
|---|---|---|---|
| Revenue | $5.3B | $4.6B | +17.4% |
| Gross Profit | $1.7B | $898.0M | +85.1% |
| Net Income | $356.6M | $25.3M | +1,308.0% |
LPLA Revenue by Segment
When Does LPL Financial Report Next?
Figures from SEC filings and company reports. Not investment advice.