Here's What Key Metrics Tell Us About LPL Financial (LPLA) Q2 Earnings

Core Insights - LPL Financial Holdings Inc. reported a revenue of $3.75 billion for the quarter ended June 2025, reflecting a year-over-year increase of 28.1% and an EPS of $4.51, up from $3.88 in the same quarter last year [1] - The revenue was slightly below the Zacks Consensus Estimate of $3.77 billion, resulting in a surprise of -0.29%, while the EPS exceeded the consensus estimate of $4.21 by +7.13% [1] Financial Performance Metrics - Total Advisory and Brokerage Assets reached $1,919.20 billion, surpassing the average estimate of $1,893.67 billion [4] - Brokerage Assets were reported at $858.50 billion, exceeding the average estimate of $851.46 billion [4] - Advisory Assets totaled $1,060.70 billion, compared to the average estimate of $1,042.21 billion [4] - The number of advisors decreased to 29,353, below the average estimate of 29,894 [4] Revenue Breakdown - Revenue from commissions was $1.04 billion, slightly below the average estimate of $1.05 billion, but showed a year-over-year increase of +31.9% [4] - Service and fee revenue was reported at $151.84 million, exceeding the average estimate of $149.76 million, with a year-over-year change of +12.5% [4] - Asset-based fees generated $702.35 million, slightly below the average estimate of $712.84 million, reflecting a year-over-year increase of +16.9% [4] - Advisory revenue was $1.72 billion, matching the average estimate and showing a year-over-year increase of +33.4% [4] - Transaction revenue was $60.54 million, below the estimated $66.54 million, with a year-over-year change of +2.7% [4] - Other asset-based revenue was $305.02 million, slightly above the average estimate of $302.9 million [4] - Client cash revenue was $397.33 million, below the average estimate of $404.8 million [4] - Trailing commission revenue was $418.3 million, below the average estimate of $425.84 million, with a year-over-year increase of +14.9% [4] Stock Performance - LPL Financial's shares returned +6% over the past month, outperforming the Zacks S&P 500 composite's +2.7% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]