LPL Financial Q2 2023 Earnings Report

LPL Financial EPS Results

• Actual EPS: $3.94
• Consensus EPS: $3.87
• Beat/Miss: Beat by +$0.07
• One Year Ago EPS: $2.24

LPL Financial Revenue Results

• Actual Revenue: $2.47 billion
• Expected Revenue: $2.44 billion
• Beat/Miss: Beat by +$25.60 million
• YoY Revenue Growth: +21.10%

LPL Financial Announcement Details

• Quarter: Q2 2023
• Date: 7/27/2023
• Time: After Market Closes

LPL Financial (NASDAQ:LPLA), together with its subsidiaries, provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at enterprises in the United States. Its brokerage offerings include variable and fixed annuities, mutual funds, equities, fixed income, alternative investments, retirement and 529 education savings plans, and insurance. The company also provides fee-based platforms that provide access to mutual funds, exchange-traded funds, stocks, bonds, certain option strategies, unit investment trusts, and institutional money managers and no-load multi-manager variable annuities. In addition, it offers money market products; and retirement solutions for commission-and fee-based services that allow advisors to provide brokerage services, consultation, and advice to retirement plan sponsors. Further, the company provides other services comprising tools and services that enable advisors to maintain and grow their practices; trust, investment management oversight, and custodial services for estates and families, as well as insurance brokerage general agency services; and technology products, such as proposal generation, investment analytics, and portfolio modeling. The company was formerly known as LPL Investment Holdings Inc. and changed its name to LPL Financial Holdings Inc. in June 2012. LPL Financial Holdings Inc. was founded in 1989 and is based in San Diego, California.