LPL Financial Holdings Inc.
For the period ended Sep 30, 2026. Filed Oct 29, 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.
Sep 30, 2026 · Filed Oct 29, 2026
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13 - E
Table of Contents
LPL FINANCIAL HOLDINGS INC. AND SUBSIDIARIESNotes to Condensed Consolidated Financial Statements (Unaudited)
NOTE 13 -EARNINGS PER SHARE
Basic earnings (loss) per share is computed by dividing net income (loss) available to common stockholders by the weighted-average number of shares of common stock outstanding during the period. The computation of diluted earnings (loss) per share is similar to the computation of basic earnings (loss) per share, except that the denominator is increased to include the number of additional shares of common stock that would have been outstanding if dilutive potential shares of common stock had been issued. The calculation of basic and diluted earnings (loss) per share for the periods noted was as follows (in thousands, except per share data):
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Net income (loss) | $356,561 | $(29,517) | $1,092,226 | $562,305 |
| Basic weighted-average number of shares outstanding | 78,658 | 80,017 | 79,515 | 78,220 |
| Dilutive common share equivalents | 310 | 340 | 299 | 374 |
| Diluted weighted-average number of shares outstanding | 78,968 | 80,357 | 79,814 | 78,594 |
| Basic earnings (loss) per share | $4.53 | $(0.37) | $13.74 | $7.19 |
| Diluted earnings (loss) per share | $4.52 | $(0.37) | $13.68 | $7.15 |
The computation of diluted earnings (loss) per share excludes stock options, warrants and stock units that are anti-dilutive. For the three months ended September 30, 2026 and 2025, stock options, warrants and stock units representing common share equivalents of 97,410 shares and 1,306 shares, respectively, were anti-dilutive. For the nine months ended September 30, 2026 and 2025, stock options, warrants and stock units representing common share equivalents of 93,636 shares and 6,705 shares, respectively, were anti-dilutive.
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