Filing Flows › LPL Financial Holdings (LPLA) › Q1 2026
LPL Financial Holdings (LPLA) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 4, 2026
LPL Financial Holdings (LPLA) reported revenue of $4.9B for the first quarter 2026 (Q1 2026), +35% from a year earlier and +0.1% from the quarter before. Operating margin was 9.8%, net earnings $356M (7.2% of revenue).
LPL Financial Holdings, Q1 2026: revenue $4.9B (+35% year over year), operating margin 9.8%, net earnings $356M, operating cash flow $290M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.9B | +0.1% | +35% |
| Operating profit | $485M | +22% | +16% |
| Net earnings | $356M | +19% | +12% |
| Operating cash flow | $290M | -63% | -15% |
| Free cash flow | $125M | -80% | -43% |
What changed
Revenue was $4.9B in Q1 2026, up 35% year over year and roughly flat from the previous quarter.
Operating profit was $0.48B, a 9.8% margin (down 1.6 points year over year). Of the extra revenue versus Q1 2025, 5% reached operating profit, below the 11% margin then. Total costs grew 37% against revenue growth of 35%. Net earnings were $0.36B, up 12% year over year. The effective tax rate was 26.5%.
Operating cash flow was $0.29B (down 15% year over year), 81% of net earnings. Non-cash charges added back $0.11B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.19B. Capital expenditures of $0.17B left free cash flow of $0.12B.
Questions
What was LPL Financial Holdings' revenue in the first quarter 2026?
LPL Financial Holdings (LPLA) reported revenue of $4.9B for the first quarter 2026 (Q1 2026), +35% from a year earlier and +0.1% from the quarter before.
Was LPL Financial Holdings profitable in the first quarter 2026?
Operating profit was $485M (9.8% of revenue) and net earnings $356M.