LPL Financial Holdings Inc.

Financial Highlights

Results for the first quarter of 2026 included net income of $356.4 million, or $4.43 perdiluted share, which compares to net income of$318.6 million, or$4.24 per diluted share, for the first quarter of 2025.

Asset Trends

Total advisory and brokerage assets served were $2.3 trillion at March 31, 2026, compared to $1.8 trillion at March 31, 2025. Total net new assets were $21.4 billion for thethree months ended March 31, 2026, compared to$78.8 billion for the same period in 2025.

Net new advisory assets were $25.8 billion for the three months ended March 31, 2026, compared to $37.6 billion for the same period in 2025. Advisory assets were $1.4 trillion, or 59% of total advisory and brokerage assets served, at March 31, 2026, up 42% from $977.4 billion at March 31, 2025.

Net new brokerage assets were an outflow of $4.4 billion for the three months ended March 31, 2026, compared to an inflow of $41.2 billion for the same period in 2025. Brokerage assets were $945.9 billion at March 31, 2026, up 16% from $817.5 billion at March 31, 2025.

Gross Profit Trend

Gross profit, a non-GAAP financial measure, was $1.6 billion for the three months ended March 31, 2026, an increase of 25% from $1.3 billion for the three months ended March 31, 2025. See the“Key Performance Metrics” section for additional information on gross profit.

Common Stock Dividends

During the three months ended March 31, 2026, we paid stockholders cash dividends of $24.1 million.