Q1 25 EPS
$5.15
BEAT +10.97%
Est. $4.64
Q1 25 Revenue
$3.67B
BEAT +1.46%
Est. $3.62B
vs S&P Since Q1 25
-33.4%
TRAILING MARKET
LPLA -5.7% vs S&P +27.7%
Market Reaction
Did LPLA Beat Earnings? Q1 2025 Results
LPL Financial delivered a standout first quarter in 2025, posting adjusted EPS of $5.15 and beating the $4.64 consensus estimate by 10.97%, while revenue of $3.67 billion topped expectations by 1.46% and climbed 29.6% year-over-year. The headline num… Read more LPL Financial delivered a standout first quarter in 2025, posting adjusted EPS of $5.15 and beating the $4.64 consensus estimate by 10.97%, while revenue of $3.67 billion topped expectations by 1.46% and climbed 29.6% year-over-year. The headline numbers were powered in large part by the successful onboarding of Prudential Advisors, which brought $27.00 billion in assets onto LPL's platform during the quarter as part of a $67.00 billion total relationship, alongside Wintrust Investments' $16.00 billion transition. These moves helped push total advisory and brokerage assets to $1.80 trillion, a 25% year-over-year gain, with recruited assets rising 91% to $39.00 billion. The company also announced a definitive agreement to acquire Commonwealth Financial Network, supporting roughly 3,000 advisors and $285.00 billion in assets, with closing expected in the second half of 2025. Looking ahead, management trimmed the upper end of its 2025 Core G&A outlook by $15.00 million to a revised range of $1.73 billion to $1.77 billion, reflecting continued confidence in cost discipline even as integration activity accelerates.
Key Takeaways
- • Total advisory and brokerage assets increased 25% year-over-year to $1.8 trillion
- • Total organic net new assets of $71 billion representing 16% annualized growth
- • Recruited assets of $39 billion, up 91% year-over-year
- • Advisory revenue grew 41% year-over-year to $1.69 billion
- • Commission revenue grew 40% year-over-year driven by sales-based commissions up 58%
- • Annuities commission revenue grew 41% year-over-year to $616 million
- • Onboarding of Prudential ($27B in Q1) and Wintrust ($16B) assets
- • Trailing twelve month recruited assets were a record $167 billion
LPLA YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
LPLA Revenue by Segment
With YoY comparisons, source: SEC Filings
“It's been a strong start to the year for LPL. We delivered another quarter of strong business performance, reported excellent financial results, and reached an agreement to acquire Commonwealth, significantly accelerating our progress toward our vision to be the best firm in wealth management.”
— Rich Steinmeier, Q1 2025 Earnings Press Release
LPLA Earnings Trends
LPLA vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
LPLA EPS Trend
Earnings per share: estimate vs actual
LPLA Revenue Trend
Quarterly revenue: estimate vs actual
LPLA Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $5.60 | — | $4.94B | -1.18% |
| Q4 25 BEAT FY | $4.99 | $5.23 | +4.81% | $4.93B | +1.61% |
| FY Full Year | $19.80 | $20.09 | +1.48% | $16.99B | +0.46% |
| Q3 25 BEAT | $4.49 | $5.20 | +15.79% | $4.55B | +5.61% |
| Q2 25 BEAT | $4.21 | $4.51 | +7.08% | $3.84B | +1.48% |
| Q1 25 BEAT | $4.64 | $5.15 | +10.97% | $3.67B | +1.46% |