earnings
confidence high
sentiment positive
materiality 0.75
LPL Financial Q2 net income $161M, EPS $1.97 (+35% YoY); adjusted EPS $2.24 (+21%)
LPL Financial Holdings Inc.
2022-Q2 EPS reported
$3.61
revenue$4,104,580,000
- Net income $161M, diluted EPS $1.97 (+35% YoY); adjusted EPS $2.24 (+21% YoY).
- Gross profit $711M (+18% YoY), EBITDA $311M (+28% YoY).
- Total advisory and brokerage assets $1.06T (-4% YoY); organic net new assets $37B (13% annualized growth).
- Advisor count 20,871 (+780 sequentially, +1,757 YoY); recruited assets $44B in Q2.
- Client cash balances $70B (+$8B sequentially); corporate cash $241M, leverage ratio 2.09x.