LPL Financial says Q2 2026 adjusted EPS hits record USD 5.84 on organic asset growth, expense discipline
LPLA•Outlook and capital returns
The full-year outlook was cut to $2.14 billion-$2.17 billion, while share repurchases accelerated to $309 million.
Assets, recruiting and retention
Total client assets rose 10% from Q1 to $2.6 trillion, helped by a market rebound; organic net new assets were $23 billion, a 4% annualized rate.
Recruiting strengthened, with recruited assets of $25 billion; overall asset retention held at 97% for the quarter and over the past 12 months.
Revenue, cash balances and expenses
Client cash revenue slipped to $457 million as cash balances fell to $56.9 billion, while ICA yield held at 336 bps.
Core G&A fell to $519 million.
Quarterly results and margin improvement
LPL Financial posted Q2 2026 adjusted EPS of as organic growth improved and expense discipline lifted adjusted pre-tax margin to .
