LPL Financial (LPLA) Q3 2026 Earnings Call Transcript

LPL Financial reported strong Q3 2026 results during an earnings call led by CEO Richard Steinmeier and CFO Matthew Audette. Total client assets reached $2.6 trillion, up 11% year over year, while adjusted EPS rose 15% to $5.97, a record for the company. Organic net new assets were $29 billion (5% annualized growth), and advisory assets totaled $1.6 trillion, or 60.9% of client assets. The firm posted gross profit of $1.662 billion (+12% YoY) and net income of $357 million, versus $379 million in the prior quarter. Commonwealth acquisition retention was updated to 83% from a 90% target, with conversion expected mid-November. LPL also outlined $301 million in share repurchases plus an additional $300 million planned for Q4, and scheduled a quarterly dividend of $0.30 payable Nov. 30, 2026.