LPL Financial (LPLA)
NASDAQ:LPLA
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Earnings Data
Report Date
Jul 30, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
5.37Last Year’s EPS
4.51Same Quarter Last Year
Strong Buy
Based on 10 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented multiple strong operating and financial results—record adjusted EPS (+9% YoY), solid organic net new assets ($21B, ~4% annualized), improved recruiting and record pipeline levels, high asset retention (98% Q1), sequential revenue gains across major categories, and demonstrated cost discipline with a tightened G&A outlook. Near‑term challenges and uncertainties were acknowledged, including market‑driven asset declines reducing total assets and Commonwealth run‑rate EBITDA, Commonwealth retention still below target (mid‑80s vs 90%), seasonally weak April organic growth (~1.5%), modest pressure on ICA yield and client cash balances, and open work on future cash monetization strategies. Overall, the positives around growth, profitability, capital flexibility and technology/AI initiatives substantially outweigh the modest integration, market, and seasonal headwinds described.Company Guidance
Strong Organic Net New Assets and Recruiting
Total organic net new assets of $21 billion in Q1, representing an approximately 4% annualized growth rate; recruited assets improved to $17 billion with ~ $15 billion added in traditional markets and ~$2 billion through expanded affiliation models; management reports recruiting pipeline at record levels and expects improved pull-through over the year.
Record Adjusted EPS and Solid Profitability
Record adjusted EPS of $5.60 in Q1, up 9% year-over-year; adjusted pretax margin of approximately 38%; gross profit of $1.593 billion, up $51 million sequentially.
High Asset Retention
Overall asset retention was 98% for Q1 and 97% over the last 12 months, indicating strong adviser/ client stickiness and effectiveness of adviser experience improvements.
Revenue Mix Improvements Sequentially
Commission/advisory fees net of payout were $487 million (up $33 million QoQ); client cash revenue $460 million (up $4 million QoQ); service and fee revenue $211 million (up $30 million QoQ); transaction revenue $81 million (up $6 million QoQ, driven by record trading volumes).
Cost Discipline and Lowered G&A Outlook
Core G&A of $532 million in Q1 came in below the low end of the outlook; management lowered the upper end of full‑year 2026 core G&A guidance by $20 million to a range of $2.155 billion to $2.19 billion, reflecting progress on efficiency initiatives.
Progress on Commonwealth Integration and M&A Execution
Integration of Commonwealth progressing; advisers completing diligence with retention in the mid‑80s and tracking toward a 90% target; run‑rate EBITDA for Commonwealth once integrated estimated at approximately $410 million (market‑driven estimate).
Balance Sheet and Capital Flexibility
Corporate cash of $567 million at quarter end (up $98 million QoQ); leverage ratio of 1.86x, just under midpoint of target range; opportunistic resumption of share buybacks with roughly $125 million planned for Q2 while remaining flexible on capital deployment.
Strategic Technology Focus and AI Opportunity
Management is actively investing in AI and platform modernization to drive adviser productivity, operational automation and faster development cycles; expects AI to enhance adviser value delivery and reduce cost to serve (examples include automation of manual workflows and developer productivity tools).
LPLA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
LPLA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2026 | $334.13 | $318.63 | -4.64% |
Jan 29, 2026 | $362.36 | $364.15 | +0.49% |
Oct 30, 2025 | $337.90 | $376.65 | +11.47% |
Jul 31, 2025 | $394.70 | $368.95 | -6.52% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does LPL Financial (LPLA) report earnings?
LPL Financial (LPLA) is schdueled to report earning on Jul 30, 2026, After Close (Confirmed).
What is LPL Financial (LPLA) earnings time?
LPL Financial (LPLA) earnings time is at Jul 30, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LPLA EPS forecast?
LPLA EPS forecast for the fiscal quarter 2026 (Q2) is 5.37.