LPL Q3: Adjusted EPS $5.97 (Up 15%), $2.6T Assets, Commonwealth On Track for Q4
LPLA sits 22% above its 52-week low of $260.15.
Summary
LPL reported Q3 2026 net income of $357 million ($4.52 per share) and record adjusted EPS of $5.97, up 15% year-over-year, with $2.6 trillion in client assets. The Commonwealth conversion remains on track for Q4 2026, with retention now expected at about 83% and run-rate EBITDA of $415 million.
Key Events · Earnings and Guidance · LPLA
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Q3 Adjusted EPS $5.97, Up 15%
Net income was $357 million, or $4.52 per diluted share, versus $379 million ($4.74) in Q2. Adjusted EPS rose 15% year-over-year to $5.97 on gross profit of $1,662 million, up 12%.
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Client Assets $2.6 Trillion, Organic NNA $29B
Total client assets grew 11% year-over-year to $2.6 trillion, with advisory assets up 16% to $1.6 trillion. Organic net new assets were $29 billion, or 5% annualized growth, up from $23.1 billion in Q2.
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Commonwealth Retention and EBITDA Guidance
Conversion remains on track for Q4 2026. Asset retention is now expected at approximately 83% and estimated run-rate EBITDA at $415 million.
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Core G&A Outlook Narrowed to $2,140-2,160M
Management narrowed its 2026 Core G&A outlook range to $2,140-2,160 million, including Commonwealth-related expenses.
Analysis · LPLA · Crypto Assets
The core engine is still compounding: adjusted EPS of $5.97 rose 15% year-over-year on 12% gross profit growth, and total client assets reached $2.6 trillion, up 11%. Organic net new assets of $29 billion (5% annualized) improved on Q2's $23.1 billion, though recruited assets of $24 billion fell 26% from a year ago — a recruiting slowdown worth noting against the strong retention story. Commonwealth remains the swing factor: conversion is on track for Q4 2026, but management now expects asset retention of roughly 83% and run-rate EBITDA of $415 million, figures investors will weigh against the acquisition's purchase price. Capital return continued with $301 million of buybacks and a $0.30 dividend, while the leverage ratio held at 1.93x.
How filings like this one have moved
In the 30 days to Oct 27, 2026, 29.9% of the 1374 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.12%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, LPLA was trading at $317.59 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $25B. The 52-week trading range was $260.15 to $400.16. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.