earnings
confidence high
sentiment positive
materiality 0.75
LPL Financial Q3 2025: Adjusted EPS $5.20 (+25% YoY); total assets hit $2.3T with Commonwealth integration
LPL Financial Holdings Inc.
2025-Q3 EPS reported
$7.15
revenue$12,057,009,000
- Net loss $30M (diluted EPS -$0.37) from $419M one-time acquisition costs for Commonwealth Financial Network.
- Adjusted EPS $5.20 (+25% YoY); gross profit $1,479M (+31%); adjusted pre-tax income $569M (+35%).
- Total advisory & brokerage assets +45% to $2.3T; advisory assets +51% to $1.3T.
- Total net new assets $308B, incl. $275B from Commonwealth; organic net new assets $33B (7% annualized).
- Client cash balances $56B (+$5B sequentially); corporate cash $568M; leverage 2.04x.
item 2.02item 9.01