LPL Financial Holdings Inc. — Form 8-K
Filed October 27, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 38/100
What the filing says
LPL Financial reported Q3 2026 net income of $357M ($4.52 diluted EPS) vs. loss of $30M in Q3 2025, with adjusted EPS up 15% YoY to $5.97. Gross profit grew 12% YoY to $1.662B; core G&A rose 11% YoY to $532M. Total client assets increased 11% YoY to $2.6T; advisory assets grew 16% to $1.6T (now 60.9% of total). Organic net new assets were $29B (5% annualized growth). Commonwealth acquisition conversion on track for Q4 2026 with revised 83% asset retention expectation and $415M run-rate EBITDA. Capital returned: $301M share repurchases, $24M dividends. Leverage ratio 1.93x.
Why this rating
Strong YoY earnings recovery, organic growth solid, but Q3 sequential profit decline. Commonwealth integration risk material. Relative to $29.9B market cap, asset base growth is healthy; capital deployment modest.
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