EL7.AI
StocksMediumUpdated×3•Originally published 27 October 2026•Updated 27 October 2026•
1 min read

LPL Financial Q3 Adjusted Earnings Beat Estimates at $5.97 Per Share

Key Facts

1LPL Financial reported net income of $357 million in the third quarter of 2026.
2Adjusted EPS rose 15% to $5.97, and adjusted gross profit increased 12% to $1,662 million.
3Client assets reached $2.6 trillion, up 11%, and advisory assets reached $1.6 trillion.
4Quarterly recruited assets totaled $24 billion, down 26%, compared with $81 billion over the trailing 12 months.
5LPL is targeting completion of the Commonwealth conversion in the fourth quarter of 2026, with an expected retention of approximately 83% of assets.

LPL Financial reported adjusted earnings per share of $5.97 for the third quarter of 2026, exceeding the Zacks Consensus Estimate of $5.69. According to the company's statement issued on October 27, net income reached $357 million with diluted earnings per share of $4.52. Adjusted gross profit rose 12% year over year to $1,662 million, while adjusted income before taxes increased 13% to $641 million.

Total client assets reached $2.6 trillion, an 11% increase from the previous year, with advisory assets accounting for $1.6 trillion of the total. LPL Financial shares closed at $317.23 on October 26, 2026, prior to the earnings release. Regarding strategic developments, the company confirmed it remains on track to complete the Commonwealth Financial Network conversion in the fourth quarter of 2026, forecasting an asset retention rate of approximately 83%.

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