---
schema_version: "secwatch.filing_event.v1"
accession: "0001397911-23-000066"
form_type: "8-K"
ticker: "LPLA"
cik: "0001397911"
company_name: "LPL Financial Holdings Inc."
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T08:41:55.910355+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# LPL Financial Q1 net income $339M; diluted EPS $4.24 (+159% YoY)

## Summary
- Adjusted EPS $4.49, up 130% YoY; gross profit $1,020M (+52%); EBITDA $564M (+111%).
- Total advisory/brokerage assets $1.18T (+1% YoY); organic net new assets $21B (7.5% annualized).
- Advisor count 21,521, up 1,430 YoY; recruited assets $85B TTM (+12%).
- Client cash balances $55B, down $10B sequentially to 4.6% of total assets.
- S&P upgraded LPL to BBB- on April 5; $275M in share repurchases during Q1.

## SEC filing metadata
- accession: 0001397911-23-000066
- form_type: 8-K
- ticker: LPLA
- cik: 0001397911
- company_name: LPL Financial Holdings Inc.
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1397911/000139791123000066/0001397911-23-000066-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1397911/000139791123000066/lpla-20230427.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001397911-23-000066
- JSON: https://secwatch.observer/filing/0001397911-23-000066.json
- Plain text: https://secwatch.observer/filing/0001397911-23-000066.txt

## Key facts
- Earnings Releases
  LPL Financial Holdings Inc. reported three months ended March 31, 2023 results: net income $339 million, EPS $4.24.
  - Period: three months ended March 31, 2023
  - Net income: $339 million
  - EPS: $4.24
  - Result: reported results
  source text: On April 27, 2023, LPL Financial Holdings Inc. (collectively with its subsidiaries, the “Company”) issued a press release announcing its financial results for the three months ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1397911/000139791123000066/0001397911-23-000066-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.