LPL Financial Holdings Inc.
For the period ended Mar 31, 2026. Filed May 4, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 4, 2026
LPLA$308.51+1.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Condensed Consolidated Statements of Income (unaudited)
Condensed Consolidated Statements of Income
(In thousands, except per share data)
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| REVENUE | ||
| Advisory | $2,615,047 | $1,689,245 |
| Commission: | ||
| Sales-based | 705,415 | 610,038 |
| Trailing | 486,619 | 437,719 |
| Total commission | 1,192,034 | 1,047,757 |
| Asset-based: | ||
| Client cash | 445,325 | 392,031 |
| Other asset-based | 375,480 | 303,210 |
| Total asset-based | 820,805 | 695,241 |
| Service and fee | 210,984 | 145,199 |
| Transaction | 80,542 | 67,864 |
| Interest income, net | 45,180 | 43,851 |
| Other | (26,158) | (19,150) |
| Total revenue | 4,938,434 | 3,670,007 |
| EXPENSE | ||
| Advisory and commission | 3,291,209 | 2,353,925 |
| Compensation and benefits | 368,740 | 305,546 |
| Promotional | 208,400 | 145,645 |
| Occupancy and equipment | 118,523 | 77,240 |
| Depreciation and amortization | 105,751 | 92,356 |
| Interest expense on borrowings | 100,292 | 85,862 |
| Amortization of other intangibles | 67,230 | 43,521 |
| Brokerage, clearing and exchange | 55,475 | 44,138 |
| Professional services | 50,381 | 36,326 |
| Communications and data processing | 23,467 | 19,506 |
| Other | 64,382 | 48,689 |
| Total expense | 4,453,850 | 3,252,754 |
| INCOME BEFORE PROVISION FOR INCOME TAXES | 484,584 | 417,253 |
| PROVISION FOR INCOME TAXES | 128,180 | 98,680 |
| NET INCOME | $356,404 | $318,573 |
| Earnings per share, basic | $4.45 | $4.27 |
| Earnings per share, diluted | $4.43 | $4.24 |
| Weighted-average shares outstanding, basic | 80,113 | 74,600 |
| Weighted-average shares outstanding, diluted | 80,446 | 75,112 |
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