LPL Financial swings to Q3 net income of $356.56 million as revenue rises 17% to $5.34 billion
LPLA•LPL Financial reported third-quarter 2026 net income of $356.56 million, compared with a loss a year earlier, as revenue rose 17% to $5.34 billion. Client assets grew 11% to $2.56 trillion, while recruited assets fell 26% to $24.1 billion.
1. Quarterly results
LPL Financial swung to third-quarter 2026 net income of $356.56 million from a year-earlier loss, while revenue rose 17% year-over-year to $5.34 billion. Total client assets increased 11% to $2.56 trillion, and recruited assets fell 26% to $24.1 billion. The company said Commonwealth’s conversion remains on track for the fourth quarter of 2026, with asset retention expected at approximately 83%.
