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LPL Financial (LPLA) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

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For the quarter ended September 2025, LPL Financial Holdings Inc. (LPLA - Free Report) reported revenue of $4.49 billion, up 44.6% over the same period last year. EPS came in at $5.20, compared to $4.16 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $4.34 billion, representing a surprise of +3.65%. The company delivered an EPS surprise of +16.33%, with the consensus EPS estimate being $4.47.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how LPL Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Total Advisory and Brokerage Assets: $2,314.50 billion versus $2,268.12 billion estimated by four analysts on average.
  • Total Advisory and Brokerage Assets - Brokerage Assets: $967.70 billion compared to the $964.95 billion average estimate based on four analysts.
  • Total Advisory and Brokerage Assets - Advisory Assets: $1,346.90 billion compared to the $1,303.17 billion average estimate based on four analysts.
  • Number of advisors: 32,128 compared to the 31,123 average estimate based on four analysts.
  • Revenue- Commission: $1.19 billion versus the five-analyst average estimate of $1.15 billion. The reported number represents a year-over-year change of +47.2%.
  • Revenue- Service and fee: $174.72 million versus the five-analyst average estimate of $168.63 million. The reported number represents a year-over-year change of +19.9%.
  • Revenue- Asset-based fees: $782.28 million versus the five-analyst average estimate of $788.59 million. The reported number represents a year-over-year change of +24.9%.
  • Revenue- Advisory: $2.21 billion versus $2.08 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +60.4% change.
  • Revenue- Transaction: $67.26 million versus $64.72 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +14.9% change.
  • Revenue- Asset-based - Other asset-based: $354.09 million compared to the $363.89 million average estimate based on four analysts. The reported number represents a change of +30% year over year.
  • Revenue- Asset-based - Client cash: $428.19 million compared to the $423.82 million average estimate based on four analysts. The reported number represents a change of +21% year over year.
  • Revenue- Commission- Trailing: $492.43 million versus $475.13 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +30.5% change.

View all Key Company Metrics for LPL Financial here>>>

Shares of LPL Financial have returned +8.4% over the past month versus the Zacks S&P 500 composite's +3.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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