LPL Financial Q3 net income $224M; adj EPS $3.74 +19% YoY; total assets $1.24T +19%

LPL Financial Holdings Inc.

2023-Q3 EPS reported $10.82 revenue$7,409,019,000

Net income $224M ($2.91 diluted EPS); adjusted EPS $3.74, up 19% YoY. Gross profit $1,010M +21% YoY.
Total advisory & brokerage assets $1.24T (+19% YoY); advisory assets $663B (+22% YoY, 53.5% of total).
Organic net new assets $33B (10.7% annualized); recruited assets $31B. Advisor count 22,404 +462 seq.
Client cash balances $47B, down $3B seq. (3.8% of assets vs 6.4% prior year).
Share repurchases $250M; corporate cash $309M; leverage ratio 1.26x.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

LPL Financial Holdings Inc. reported the three months ended September 30, 2023 results: net income $224 million, EPS $2.91.

Period: the three months ended September 30, 2023
Net income: $224 million
EPS: $2.91
Result: reported results

Exact text from the filing

On October 26, 2023, LPL Financial Holdings Inc. (collectively with its subsidiaries, the “Company”) issued a press release announcing its financial results for the three months ended September 30, 2023.

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44 earnings releases filed in the last 30 days. Browse all earnings releases →

LPL Financial Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001397911-23-000156

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