LPL Financial Q1 net income $289M, EPS $3.83 down 10% YoY; adjusted EPS $4.21 down 6%

LPL Financial Holdings Inc.

2024-Q1 EPS reported $3.83 revenue$2,832,593,000

Net income $289M ($3.83 diluted EPS), down 10% YoY; adjusted EPS $4.21, down 6%.
Gross profit $1,066M (+5% YoY); core G&A $364M (+11% YoY); adjusted EBITDA $541M (-5%).
Total advisory & brokerage assets $1.44T (+23% YoY); advisory assets $793B (+28% YoY).
Organic net new assets $17B (5% annualized); recruited assets $20B in quarter, $87B TTM.
Client cash $46B (-$2B QoQ, -$8B YoY); leverage 1.65x; $70M repurchases, $22.4M dividends.

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 0.9

LPL Financial Holdings Inc. reported the three months ended March 31, 2024 results: net income $289 million, EPS $3.83.

Period: the three months ended March 31, 2024
Net income: $289 million
EPS: $3.83
Result: reported results

Exact text from the filing

On April 30, 2024, 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, 2024.

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LPL Financial Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001397911-24-000050

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