The earnings call highlighted strong financial performance with record total assets and successful recruitment and asset growth. Despite some challenges in adviser movement and cash balance decline, the company demonstrated efficient cost management and high asset retention. Overall, the positive aspects outweigh the negative trends.

Company Guidance

During the second quarter of fiscal year 2025, LPL Financial Holdings Inc. reported strong financial performance and strategic advancements. The company achieved a record total asset level of $1.9 trillion, with organic net new assets reaching $21 billion, representing a 5% annualized growth rate. Adjusted EPS increased by 16% year-over-year to $4.51, driven by organic growth and expense discipline, leading to an adjusted pretax margin of approximately 38%. Recruited assets totaled $18 billion for the quarter, contributing to $161 billion over the trailing 12 months. Asset retention remained industry-leading at 98%. The acquisition of Commonwealth Financial Network is set to close, with expectations to onboard assets by Q4 2026 and achieve a 90% retention target. The company also completed the conversion of Atria Wealth Solutions with anticipated asset retention of approximately 82%, exceeding the initial target. Additionally, LPL Financial's core G&A expenses for 2025 are projected between $1.880 billion and $1.920 billion, inclusive of acquisitions.

Record Total Assets

Total assets increased to a record $1.9 trillion, with organic net new assets of $21 billion, representing a 5% annualized growth rate.

Strong Financial Performance

Adjusted EPS increased by 16% from a year ago to $4.51, and the adjusted pretax margin was approximately 38%.

Successful Recruitment and Asset Growth

Recruited assets in Q2 were $18 billion, contributing to $161 billion over the trailing 12 months, with industry-leading capture rates of advisers in motion.

High Asset Retention

Achieved industry-leading asset retention at 98% for the second quarter and over the last 12 months.

Efficient Cost Management

Core G&A was $426 million in Q2, below the outlook range, leading to lowered 2025 expense outlook.

LPL Financial (LPLA) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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LPLA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 23, 2025	2025 (Q3)	4.64 / -	4.16	―	―	―
Jul 31, 2025	2025 (Q2)	4.23 / 4.51	3.88	16.24% (+0.63)
May 08, 2025	2025 (Q1)	4.68 / 5.15	4.21	22.33% (+0.94)
Jan 30, 2025	2024 (Q4)	3.96 / 4.25	3.51	21.08% (+0.74)
Oct 30, 2024	2024 (Q3)	3.71 / 4.16	3.74	11.23% (+0.42)
Jul 25, 2024	2024 (Q2)	3.71 / 3.88	3.94	-1.52% (-0.06)
Apr 30, 2024	2024 (Q1)	3.81 / 4.21	4.49	-6.24% (-0.28)
Feb 01, 2024	2023 (Q4)	3.39 / 3.51	4.21	-16.63% (-0.70)
Oct 26, 2023	2023 (Q3)	3.58 / 3.74	3.13	19.49% (+0.61)
Jul 27, 2023	2023 (Q2)	3.86 / 3.94	2.24	75.89% (+1.70)

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
Jul 31, 2025	$395.40	$369.60	-6.53%
May 08, 2025	$338.44	$359.84	+6.32%
Jan 30, 2025	$360.87	$365.94	+1.40%
Oct 30, 2024	$263.09	$281.18	+6.88%

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 Oct 23, 2025, After Close (Confirmed).

What is LPL Financial (LPLA) earnings time?

LPL Financial (LPLA) earnings time is at Oct 23, 2025, 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 2025 (Q3) is 4.65.

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