Up 5.2% today, more than its exchanges & trading peers' 2.3%; no story names it yet.
Fell on Oct 28
Down 15% on Oct 28, and still 11% under its Oct 27 close.
LPLA's Quality Score fell 1 point on Mon, Nov 2, to 3.
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| Long-term trend | −2 |
| Latest filing | 8-K, Oct 27 |
TodayNo story names it yet.
After its last 4 reports it closed -3.8% on average, higher 2 of 4 times.
LPLA is #8 of 9 by Quality Score among Security & Commodity Brokers, Dealers, Exchanges & Services.
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Expected to report Thu Jan 28, after the close (in 87 days). Expected.
What an earnings report is: every 3 months, a company tells everyone how much it sold and earned. We read the figures, the outlook, and how the stock moved after.
Revenue of $5.3B; a profit of $4.52 a share.
| Line | Q3 2026 | Q2 2026 | Q3 2025 |
|---|---|---|---|
| Advisory and commission expense | $3.6B | $3.5B | $3B |
Each quarter's sales and their share of its total. Figures as filed (SEC filing, Oct 27)
| Measure | Figure |
|---|---|
| Core G&A | $2,140.00 |
Sales grew 24% a year over 5 years, fiscal 2020 to 2025.
Pays $1.20 a share a year.
| Reported | Gap | Reaction | 5 sessions |
|---|---|---|---|
| Oct 27, 2026 | -7.4% | -15.2% | open |
| Jul 30, 2026 | +2.9% | +4.3% | +5.9% |
| Apr 30, 2026 | +0.0% | -4.6% | -7.3% |
Sales grew every year from 2018 to 2025, to $17B. It made a profit in each of the eight years.
2 insiders sold $1.6M across 2 filings in the last 6 months. No open-market buys on record. The newest:
10 trades disclosed in the last six months. The newest:
Officers and directors with a Form 4 in the last 12 months.
In ETFs: LPLA is under 0.1% of SCHG and under 0.1% of VTI, the most of the 24 funds Breakaway covers, by each fund's latest filing, Jun 30 to Aug 31, 2026.
LPL Financial is the largest US independent broker/dealer, with more than 32,000 financial advisors, roughly 11 million customer accounts, and roughly $2.4 trillion in client assets under management or advisory affiliated with its platform at the end of 2025. The firm earns the lion share of its profit from interest income earned on client cash balances and from advisory fees, commissions, and asset-based fees. LPL specializes in providing turnkey wealth management services for affiliated independent advisors, but maintains a diverse array of affiliation modalities, running the gamut from more traditional employee models to a pure RIA custody approach. It earns tuck-in revenue from recordkeeping fees and the provision of software tools and services to its advisor base.
“We compete with a variety of financial firms to attract and retain experienced and productive advisors.”
LPLA scores 3 today, which Breakaway calls Below Average. It is #8 of 9 in Security & Commodity Brokers, Dealers, Exchanges & Services by Quality Score, with 2 of 14 chart checks firing. Down 15% on Oct 28, and still 11% under its Oct 27 close. Breakaway does not say whether to buy any stock: the score does not know your situation, and it is not a recommendation to buy or sell anything. Please do your own research.
LPLA scores 3 today, which Breakaway calls Below Average (0 to 5). That is #8 of 9 in Security & Commodity Brokers, Dealers, Exchanges & Services by Quality Score. The score adds up the chart checks, the trend, the company's filed sales, its profits, the news, insider trades, and Congress trades. The section above lists the lines behind LPLA's 3.
2 insiders sold $1.6M across 2 filings in the last 6 months. No open-market buys on record. The newest is Katharine Reeping, Principal Accounting Officer, who sold $153K on Sep 11. Every filing, with the scored weight, for Pro members.
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