Brief: LPL Financial Q2 EPS USD 3.4

LPL Financial Holdings

31/07/2025 21:05

Overview

LPL Financial Q2 adjusted EPS up 16%, beating analyst expectations, per LSEG data

Gross profit for Q2 rises 21% yr/yr to $1.304 bln

Co completed Atria conversion, expects Commonwealth acquisition to close on August 1

Outlook

Company lowers 2025 Core G&A outlook to $1,720-1,750 mln

LPL Financial updates 2025 Core G&A range to include costs related to the acquisition of Commonwealth, resulting in an updated range of $1,880-1,920 million

Company expects to onboard First Horizon in Q3 2025

Result Drivers

ASSET GROWTH - Total advisory and brokerage assets increased 28% year-over-year to $1.9 trillion

ORGANIC NET NEW ASSETS - Total organic net new assets were $21 bln, representing 5% annualized growth

RECRUITED ASSETS DECLINE - Recruited assets were $18 bln, down 24% from a year ago

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted EPS
Beat
$4.51
$4.23 (12 Analysts)
Q2 EPS
$3.4
Q2 Net Income
$273 mln
Q2 Gross Profit
$1.30 bln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the investment banking & brokerage services peer group is "buy"

Wall Street's median 12-month price target for LPL Financial Holdings Inc is $443.00, about 9.9% above its July 30 closing price of $399.00

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release: ID:nGNX8pnSwD

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)