LPL Financial Reports Record Adjusted EPS of $5.84 in Q2 2026
LPL Financial (NASDAQ:LPLA) reported record adjusted earnings per share (EPS) of $5.84 for the second quarter of 2026, driven by strong organic growth and expense discipline. Total client assets reached $2.6 trillion, up 10% from Q1 2026 due to higher equity markets and continued asset inflows. Organic net new assets totaled $23 billion in the quarter, representing an annualized growth rate of 4%. The company also reported gross profit of $1.62 billion, a sequential increase of $26 million. LPL Financial lowered its full-year core G&A expense guidance to between $2.14 billion and $2.165 billion due to efficiency gains. Management highlighted the successful integration progress with Commonwealth Financial Network, estimating run-rate EBITDA at approximately $435 million once fully integrated. The company also announced a new share repurchase authorization of $2.5 billion following $309 million in common stock repurchases during Q2. The firm launched Latitude and Cyan — technological innovations aimed at improving advisor workflows through AI automation. CEO Richard Steinmeier emphasized the J.D. Power rankings, where Commonwealth and LPL were ranked first and second for independent advisor satisfaction.
Tickers: $LPLA
Topics: expense_management financial_performance organic_growth