Core Insights - LPL Financial's (LPLA) fourth-quarter 2025 adjusted earnings of $5.23 per share exceeded the Zacks Consensus Estimate of $4.82, reflecting a 23% year-over-year growth [1][8] - The company's total quarterly revenues reached $4.93 billion, a 40% increase year over year, surpassing the Zacks Consensus Estimate of $4.81 billion [3][8] - Despite strong revenue growth, total quarterly expenses rose 43% year over year to $4.53 billion, contributing to a 2.2% decline in shares during after-market trading [3][8] Financial Performance - For 2025, adjusted earnings were $20.09 per share, significantly above the Zacks Consensus Estimate of $19.67, marking a 22% year-over-year increase [2] - Net income for the fourth quarter was $300.7 million or $3.74 per share, up from $270.7 million or $3.59 per share in the prior-year quarter [2] - Total revenues for 2025 were $16.99 billion, a 37% increase year over year, also beating the Zacks Consensus Estimate of $16.80 billion [3] Asset Growth - As of December 31, 2025, total brokerage and advisory assets were $2,370.5 billion, reflecting a 36% year-over-year increase [4] - Total net new assets in the reported quarter amounted to $24.5 billion [4] - Client cash balances rose 11% year over year to $61 billion [4] Balance Sheet Strength - Total assets as of December 31, 2025, were $18.49 billion, a 3% increase sequentially [5] - Cash and cash equivalents totaled $2.83 billion, up from $2.59 billion in the third quarter [5] - Total stockholders' equity increased by 6% sequentially to $5.34 billion [5] Strategic Outlook - The company's recruiting efforts and strong advisor productivity are expected to continue supporting advisory revenues [6] - Strategic acquisitions and a robust balance sheet are anticipated to bolster financial performance [6] - However, rising expenses and uncertainties in capital markets may negatively impact commission revenues [6]

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. Last fall, LPL Financial reported 80% retention of Commmonwealth Financial Network assets. As of today, that’s in the low 80% range of advisors that have signed agreements to stay with Commonwealth. Some news reports have suggested LPL will not meet its original target asset retention rate of 90%, but on its fourth quarter earnings call, executives said they still expect to hit that target.& ...

Core Insights - LPL Financial Holdings Inc. (LPLA) reported a revenue of $4.91 billion for the quarter ended December 2025, marking a 39.7% increase year-over-year and exceeding the Zacks Consensus Estimate by 2.19% [1] - The earnings per share (EPS) for the quarter was $5.23, up from $4.25 in the same quarter last year, representing an EPS surprise of 8.62% over the consensus estimate [1] Financial Performance Metrics - Total Advisory and Brokerage Assets reached $2,370.50 billion, surpassing the average estimate of $2,341.72 billion [4] - Brokerage Assets were reported at $977.90 billion, slightly below the average estimate of $984.04 billion [4] - Advisory Assets totaled $1,392.70 billion, exceeding the average estimate of $1,357.69 billion [4] - The number of advisors decreased to 32,178, compared to the estimated 32,753 [4] Revenue Breakdown - Revenue from commissions was $1.23 billion, slightly above the average estimate of $1.22 billion, reflecting a year-over-year increase of 27.6% [4] - Service and fee revenue was reported at $180.64 million, exceeding the average estimate of $170.29 million, with a year-over-year growth of 29.9% [4] - Asset-based fees generated $816.07 million, below the estimated $833.46 million, but still showing a 21.8% increase year-over-year [4] - Advisory revenue reached $2.54 billion, surpassing the average estimate of $2.47 billion, with a significant year-over-year increase of 59.4% [4] - Transaction revenue was $75.15 million, slightly below the average estimate of $76.18 million, reflecting a year-over-year increase of 22.1% [4] - Other asset-based revenue was $375.81 million, compared to the average estimate of $382.4 million, with a year-over-year change of 29.2% [4] - Client cash asset-based revenue was $440.25 million, below the average estimate of $457.44 million, showing a year-over-year increase of 16.2% [4] - Trailing commission revenue was $510.72 million, slightly below the average estimate of $521.52 million, with a year-over-year increase of 16.2% [4] Stock Performance - LPL Financial's shares have returned 2.7% over the past month, outperforming the Zacks S&P 500 composite, which saw a change of 0.8% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

分组1 - LPL Financial Holdings Inc. reported quarterly earnings of $5.23 per share, exceeding the Zacks Consensus Estimate of $4.82 per share, and showing an increase from $4.25 per share a year ago, resulting in an earnings surprise of +8.62% [1] - The company achieved revenues of $4.91 billion for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 2.19%, and up from $3.51 billion year-over-year [2] - LPL Financial has consistently surpassed consensus EPS estimates over the last four quarters, achieving this four times [2] 分组2 - The stock has gained approximately 2.7% since the beginning of the year, outperforming the S&P 500's gain of 1.9% [3] - The current consensus EPS estimate for the upcoming quarter is $5.55 on revenues of $4.95 billion, and for the current fiscal year, it is $23.11 on revenues of $21.03 billion [7] - The Financial - Investment Bank industry, to which LPL Financial belongs, is currently ranked in the top 14% of over 250 Zacks industries, indicating a favorable outlook for the sector [8]

Effectively executing on these focus areas will help us sustain our industry-leading growth while advancing the efficiency and effectiveness of our model. With that as context, let's review a few highlights of our business growth. In Q4, recruited assets were $14 billion, bringing our total for the year to $104 billion. Throughout the quarter, our pipelines continued to build and are near record levels. Recognizing that many opportunities are in the early and mid-stages, we expect the pull-through to improv ...

LPL Financial (NasdaqGS:LPLA) Q4 2025 Earnings call January 29, 2026 05:00 PM ET Company ParticipantsAlexander Blostein - Managing DirectorBen Budish - DirectorCraig Siegenthaler - Managing DirectorDevin Ryan - Director of Financial Technology ResearchMatt Audette - President and CFOMichael Cyprys - Managing DirectorRich Steinmeier - CEOSteven Chubak - Managing DirectorWilma Burdis - DirectorConference Call ParticipantsBill Katz - Senior Equity AnalystBrennan Hawken - Senior Equity Research AnalystDan Fanno ...

LPL Financial (NasdaqGS:LPLA) Q4 2025 Earnings call January 29, 2026 05:00 PM ET Company ParticipantsAlexander Blostein - Managing DirectorBen Budish - DirectorCraig Siegenthaler - Managing DirectorDevin Ryan - Director of Financial Technology ResearchMatt Audette - President and CFOMichael Cyprys - Managing DirectorRich Steinmeier - CEOSteven Chubak - Managing DirectorWilma Burdis - DirectorConference Call ParticipantsBill Katz - Senior Equity AnalystBrennan Hawken - Senior Equity Research AnalystDan Fanno ...

LPL Financial (NasdaqGS:LPLA) Q4 2025 Earnings call January 29, 2026 05:00 PM ET Speaker11Good afternoon, and thank you for joining the fourth quarter 2025 earnings conference call for LPL Financial Holdings, Inc. Joining the call today are Chief Executive Officer Rich Steinmeier and President and Chief Financial Officer Matt Audette. Rich and Matt will offer introductory remarks, and then the call will be open for questions. The company would appreciate if analysts would limit themselves to only one questi ...

LPL Financial Holdings Inc. Q4 2025 Investor Presentation January 29, 2026 Member FINRA/SIPC Notice to Investors: Safe Harbor Statement Statements in this presentation regarding LPL Financial Holdings Inc.'s (together with its subsidiaries, the "Company") future financial and operating results, growth, plans, priorities, business strategies, capabilities, and outlook, including forecasts and statements relating to the Company's future advisory and brokerage asset levels and mix, organic asset growth, market ...

For Immediate Release LPL Financial Announces Fourth Quarter and Full Year 2025 Results Fourth Quarter 2025 Key Financial Results: Key Business Results: Key Capital and Liquidity Measures: Full Year 2025 Key Financial Results: Key Business & Capital and Liquidity Results: *See the Non-GAAP Financial Measures section and the endnotes to this release for further details about these non-GAAP financial measures 1 • Net income was $301 million, translating to diluted earnings per share ("EPS") of $3.74, up 4% fr ...