LPL Financial (LPLA) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - LPL Financial Holdings Inc. reported a revenue of $3.69 billion for the quarter ended March 2025, marking a 30.3% increase year-over-year, with an EPS of $5.15 compared to $4.21 in the same quarter last year, exceeding both revenue and EPS consensus estimates [1] Financial Performance - Revenue exceeded the Zacks Consensus Estimate of $3.61 billion by 2.21%, while EPS surpassed the consensus estimate of $4.54 by 13.44% [1] - Total Advisory and Brokerage Assets reached $1,794.9 billion, below the average estimate of $1,816.08 billion [4] - Brokerage Assets were reported at $817.5 billion, slightly below the estimated $821.02 billion [4] - Advisory Assets totaled $977.4 billion, also below the average estimate of $995.07 billion [4] Revenue Breakdown - Revenue from commissions was $1.05 billion, exceeding the estimate of $960.89 million, representing a year-over-year increase of 40.4% [4] - Service and fee revenue was reported at $145.20 million, above the estimate of $139.93 million, reflecting a 9.9% year-over-year increase [4] - Asset-based fees generated $695.24 million, slightly below the estimate of $711.71 million, with a year-over-year change of 15.7% [4] - Advisory revenue was $1.69 billion, slightly above the estimate of $1.68 billion, showing a year-over-year increase of 40.8% [4] - Transaction revenue was $67.86 million, exceeding the estimate of $62.16 million, with an 18.5% year-over-year increase [4] - Other asset-based revenue was $303.21 million, above the estimate of $293.49 million [4] - Client cash revenue was $392.03 million, below the estimate of $415.02 million [4] - Trailing commission revenue was $437.72 million, slightly above the estimate of $436.23 million, with a year-over-year increase of 21.2% [4] Stock Performance - LPL Financial's shares returned 4.9% over the past month, compared to the S&P 500 composite's 11.3% change, with a current Zacks Rank of 3 (Hold) indicating potential performance in line with the broader market [3]