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
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 September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| REVENUE | ||||
| Advisory | $2,872,928 | $2,210,499 | $8,120,380 | $5,617,482 |
| Commission: | ||||
| Sales-based | 742,852 | 695,029 | 2,176,422 | 1,924,859 |
| Trailing | 507,904 | 492,426 | 1,498,441 | 1,348,440 |
| Total commission | 1,250,756 | 1,187,455 | 3,674,863 | 3,273,299 |
| Asset-based: | ||||
| Client cash | 461,471 | 428,190 | 1,350,297 | 1,217,553 |
| Other asset-based | 400,613 | 354,090 | 1,167,736 | 962,315 |
| Total asset-based | 862,084 | 782,280 | 2,518,033 | 2,179,868 |
| Service and fee | 218,055 | 174,715 | 637,918 | 471,753 |
| Transaction | 79,120 | 67,260 | 242,878 | 195,665 |
| Interest income, net | 48,699 | 60,859 | 140,406 | 181,651 |
| Other | 12,388 | 68,909 | 134,609 | 137,291 |
| Total revenue | 5,344,030 | 4,551,977 | 15,469,087 | 12,057,009 |
| EXPENSE | ||||
| Advisory and commission | 3,632,732 | 3,025,274 | 10,431,105 | 7,862,364 |
| Compensation and benefits | 358,512 | 585,409 | 1,082,864 | 1,210,055 |
| Promotional | 235,733 | 208,547 | 664,163 | 531,744 |
| Occupancy and equipment | 149,380 | 299,680 | 393,445 | 458,363 |
| Depreciation and amortization | 117,287 | 99,722 | 332,843 | 288,309 |
| Interest expense on borrowings | 105,834 | 106,295 | 307,628 | 297,793 |
| Amortization of other intangibles | 72,844 | 64,706 | 210,960 | 154,330 |
| Professional services | 53,250 | 75,507 | 154,388 | 152,925 |
| Brokerage, clearing and exchange | 49,139 | 43,282 | 156,632 | 130,710 |
| Communications and data processing | 23,978 | 23,060 | 73,645 | 63,983 |
| Other | 60,215 | 54,606 | 176,200 | 154,487 |
| Total expense | 4,858,904 | 4,586,088 | 13,983,873 | 11,305,063 |
| INCOME(LOSS) BEFORE PROVISION FOR (BENEFIT FROM) INCOME TAXES | 485,126 | (34,111) | 1,485,214 | 751,946 |
| PROVISION FOR (BENEFIT FROM) INCOME TAXES | 128,565 | (4,594) | 392,988 | 189,641 |
| NET INCOME (LOSS) | $356,561 | $(29,517) | $1,092,226 | $562,305 |
| Earnings (loss) per share, basic | $4.53 | $(0.37) | $13.74 | $7.19 |
| Earnings (loss) per share, diluted | $4.52 | $(0.37) | $13.68 | $7.15 |
| Weighted-average shares outstanding, basic | 78,658 | 80,017 | 79,515 | 78,220 |
| Weighted-average shares outstanding, diluted | 78,968 | 80,357 | 79,814 | 78,594 |
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