NASDAQ$LPLA
LPL Financial Holdings Inc · Q2 2025 earnings
Q2 2025 earnings · · After market close · Investor relations
Briefing
LPL Financial Holdings Inc reported 31% revenue growth and 12% higher net income for Q2 2025.
LPL Financial achieved total revenue of $3.835 billion in the second quarter of 2025, driven by strong advisory and commission growth. Net income rose to $273.2 million with diluted EPS of $3.40 and adjusted EPS of $4.51. Total advisory and brokerage assets reached a record $1.92 trillion.
- Total advisory and brokerage assets grew 28% year-over-year to $1.92 trillion.
- Advisory revenue increased 33% to $1.72 billion while total commission revenue rose 32%.
- Completed $1.7 billion equity offering and $1.5 billion debt issuance to fund Commonwealth acquisition.
- Gross profit rose 21% to $1.30 billion with adjusted EBITDA up 29% to $688.3 million.
Headline financials
Revenue & EPS history
LPL Financial · Revenue · Quarterly
$3.84B
Revenue by segment
LPL Financial · $3.84B total across 9 segments · Q2 2025
- Advisory$1.72B—44.8%
- Sales-based commissions$620M—16.2%
- Trailing commissions$418M—10.9%
- Client cash$397M—10.4%
- Other asset-based$305M—8.0%
- Service and fee$152M—4.0%
- Other$87.5M—2.3%
- Interest income, net$76.9M—2.0%
- Transaction$60.5M—1.6%
Forward guidance
Company expects to complete Commonwealth asset conversion in Q4 2026.
Tailwinds
- Strong asset growth and advisor recruitment momentum
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports
+0.6%
Avg return
Earnings day
+3.3%
Avg return
5 days after
+4.1%
Avg return
30 days after
55%
36 / 65 earnings
Positive
+13.7%
Q1 2019
Best reaction
-38.1%
Q4 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2025 | — | — | — | |
| Q1 2026 | -1.9% | -2.8% | -18.1% | |
| Q4 2025 | -1.7% | +7.2% | -17.2% | |
| Q3 2025 | +11.6% | +10.7% | +5.2% | |
| Q1 2025 | +6.3% | +13.6% | +14.7% | |
| Q4 2024 | +1.3% | -0.0% | +2.7% | |
| Q3 2024 | +6.2% | +3.1% | +22.4% | |
| Q2 2024 | -2.5% | -2.4% | -1.4% | |
| Q1 2024 | -3.1% | -1.1% | +2.0% | |
| Q4 2023 | +5.0% | +1.0% | +11.3% | |
| Q3 2023 | +2.4% | +3.8% | +5.8% | |
| Q2 2023 | -3.9% | -1.3% | -0.8% | |
| Q1 2023 | +4.7% | -1.7% | -0.9% | |
| Q4 2022 | -0.3% | +4.4% | +8.5% | |
| Q3 2022 | +4.5% | +4.3% | -6.9% | |
| Q2 2022 | +4.9% | +8.8% | +7.5% | |
| Q1 2022 | -1.3% | +0.4% | +5.5% | |
| Q4 2021 | +2.9% | +7.6% | -10.8% | |
| Q3 2021 | -4.7% | -1.2% | -7.1% | |
| Q2 2021 | +0.5% | -2.4% | +7.5% | |
| Q1 2021 | +2.7% | +1.6% | -3.1% | |
| Q4 2020 | +8.5% | +8.9% | +15.7% | |
| Q3 2020 | +4.1% | +7.8% | +20.7% | |
| Q2 2020 | -2.5% | -1.3% | +1.6% | |
| Q1 2020 | +0.9% | +1.2% | +16.2% | |
| Q4 2019 | -2.2% | -1.5% | -15.7% | |
| Q3 2019 | +1.0% | +3.2% | +16.3% | |
| Q2 2019 | -0.6% | -3.3% | -16.3% | |
| Q1 2019 | +13.7% | +14.6% | +9.1% | |
| Q4 2018 | +8.1% | +10.8% | +10.4% | |
| Q3 2018 | +5.7% | +10.2% | +14.0% | |
| Q2 2018 | +0.6% | -3.9% | -3.8% | |
| Q1 2018 | +5.9% | +12.8% | +14.9% | |
| Q4 2017 | +5.8% | +4.9% | +6.4% | |
| Q3 2017 | -5.8% | -6.3% | -6.3% | |
| Q2 2017 | +0.0% | -0.8% | +0.5% | |
| Q1 2017 | +6.8% | +9.2% | +0.8% | |
| Q4 2016 | +4.4% | +4.2% | +0.4% | |
| Q3 2016 | -1.2% | +4.5% | +30.2% | |
| Q2 2016 | +8.2% | -0.5% | +17.4% | |
| Q1 2016 | -1.5% | — | — | |
| Q4 2015 | -38.1% | — | — | |
| Q3 2015 | +3.4% | — | — | |
| Q2 2015 | -9.0% | — | — | |
| Q1 2015 | -1.7% | — | — | |
| Q4 2014 | +1.6% | — | — | |
| Q3 2014 | -2.7% | — | — | |
| Q2 2014 | -4.3% | — | — | |
| Q1 2014 | -4.3% | — | — | |
| Q4 2013 | -0.3% | — | — | |
| Q3 2013 | -0.3% | — | — | |
| Q2 2013 | +6.5% | — | — | |
| Q1 2013 | +0.2% | — | — | |
| Q4 2012 | -0.1% | — | — | |
| Q3 2012 | +1.7% | — | — | |
| Q2 2012 | -13.2% | — | — | |
| Q1 2011 | -3.3% | — | — | |
| Q1 2012 | +0.2% | — | — | |
| Q1 2010 | +3.5% | — | — | |
| Q4 2011 | +3.5% | — | — | |
| Q4 2009 | +3.5% | — | — | |
| Q3 2010 | +3.5% | — | — | |
| Q3 2011 | +3.5% | — | — | |
| Q2 2010 | -1.8% | — | — | |
| Q4 2010 | -1.8% | — | — | |
| Q2 2011 | -1.8% | — | — |
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