earnings
confidence high
sentiment positive
materiality 0.75
LPL Financial Q3 2024: Net income $255M, EPS $3.39 (+16% YoY), assets $1.6T (+29%)
LPL Financial Holdings Inc.
2024-Q3 EPS reported
$10.45
revenue$8,872,756,000
- Adjusted EPS $4.16 (+11% YoY); gross profit $1,128M (+12%); adjusted EBITDA $566M (+12%).
- Total advisory and brokerage assets $1.6 trillion, up 29% YoY; advisory assets $892B (+35%).
- Organic net new assets $27B (7% annualized); excluding $6B separation outflows, 9% growth.
- Advisor count 23,686 (+224 sequentially, +1,282 YoY); recruited assets $26B in quarter.
- Corporate cash $708M; leverage ratio 1.61x; dividends paid $22.4M.