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Here's What Key Metrics Tell Us About LPL Financial (LPLA) Q3 Earnings

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For the quarter ended September 2026, LPL Financial Holdings Inc. (LPLA - Free Report) reported revenue of $5.34 billion, up 18.8% over the same period last year. EPS came in at $5.97, compared to $5.20 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $5.35 billion, representing a surprise of -0.11%. The company delivered an EPS surprise of +4.92%, with the consensus EPS estimate being $5.69.

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:
  • Advisory and Brokerage Assets - Total: $2,564.60 billion compared to the $2,571.19 billion average estimate based on three analysts.
  • Advisory and Brokerage Assets - Brokerage assets: $1,003.60 billion compared to the $1,002.50 billion average estimate based on three analysts.
  • Advisors: 32,597 compared to the 32,550 average estimate based on three analysts.
  • Advisory and Brokerage Assets - Advisory assets: $1,561.00 billion versus $1,568.69 billion estimated by three analysts on average.
  • Revenue- Commission- Total: $1.25 billion compared to the $1.25 billion average estimate based on four analysts. The reported number represents a change of +5.3% year over year.
  • Revenue- Service and fee: $218.06 million compared to the $214.13 million average estimate based on four analysts. The reported number represents a change of +24.8% year over year.
  • Revenue- Asset-based - Client cash: $461.47 million versus $471.74 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +7.8% change.
  • Revenue- Asset-based- Total: $862.08 million versus $875.17 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +10.2% change.
  • Revenue- Transaction: $79.12 million compared to the $78.59 million average estimate based on four analysts. The reported number represents a change of +17.6% year over year.
  • Revenue- Asset-based - Other asset-based: $400.61 million versus the four-analyst average estimate of $403.43 million. The reported number represents a year-over-year change of +13.1%.
  • Revenue- Advisory: $2.87 billion versus the four-analyst average estimate of $2.88 billion. The reported number represents a year-over-year change of +30%.
  • Revenue- Commission- Sales-based: $742.85 million compared to the $789.55 million average estimate based on three analysts. The reported number represents a change of +6.9% year over year.

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

Shares of LPL Financial have returned +1.5% over the past month versus the Zacks S&P 500 composite's -0.8% 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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