LPL Financial Posts $356.6 Million Q3 Profit, Revenue Up 17% to $5.34 Billion

LPL Financial Holdings Inc. (LPLA) swung to a third-quarter profit on Tuesday, reporting net income of $356.6 million, or $4.52 per share, compared with a net loss of $29.5 million, or $0.37 per share, a year earlier. Adjusted net income rose to $471.3 million, or $5.97 per share, from $418.2 million, or $5.20 per share. Total revenue grew 17% to $5.34 billion, driven by higher advisory revenue, commissions and asset-based revenue. Total client assets increased 11% year-over-year to $2.6 trillion, while organic net new assets reached $29 billion, an annualized growth rate of 5%. The company narrowed its full-year 2026 core general and administrative expense outlook to $2.14 billion to $2.16 billion, including costs tied to Commonwealth Financial Network. The board declared a quarterly dividend of $0.30 per share, payable November 30 to shareholders of record November 12.