LPL Financial Holdings Inc.

Financial Highlights

Results for the second quarter of 2025 included net income of $273.2 million, or $3.40 perdiluted share, which compares to$243.8 million, or$3.23 per diluted share, for the second quarter of 2024.

Asset Trends

Total advisory and brokerage assets served were $1.9 trillion at June 30, 2025, compared to $1.5 trillion at June 30, 2024. Total net new assets were $20.5 billion for thethree months ended June 30, 2025, compared to$34.0 billion for the same period in 2024.

Net new advisory assets were $23.1 billion for the three months ended June 30, 2025, compared to $26.8 billion for the same period in 2024. Advisory assets were $1.1 trillion, or 55% of total advisory and brokerage assets served, at June 30, 2025, up 28% from $829.1 billion at June 30, 2024.

Net new brokerage assets were an outflow of $2.6 billion for the three months ended June 30, 2025, compared to an inflow of $7.2 billion for the same period in 2024. Brokerage assets were $858.5 billion at June 30, 2025, up 28% from $668.7 billion at June 30, 2024.

Gross Profit Trend

Gross profit, a non-GAAP financial measure, was $1.3 billion for the three months ended June 30, 2025, an increase of 21% from $1.1 billion for the three months ended June 30, 2024. See the“Key Performance Metrics” section for additional information on gross profit.

Common Stock Dividends

During the three months ended June 30, 2025, we paid stockholders cash dividends of $24.0 million.