LPL Financial Holdings Inc. has released its financial outlook for the third quarter of 2025, highlighting several key projections. The company anticipates a gross profit increase driven by a payout rate rise to 87.6%. Client cash balances and interest rates are expected to keep the ICA yield roughly flat sequentially. Service and fee revenue are projected to grow by approximately $20 million, with transaction revenue also increasing by about $5 million. Interest income, net, is estimated at around $40 million. On the expense side, LPL Financial forecasts Core G&A expenses for 2025 to range between $1,880 million and $1,920 million, with specific allocations for Prudential, Atria, and Commonwealth. For Q3 2025, Core G&A expenses are expected to be between $495 million and $510 million. Promotional expenses are predicted to rise by roughly $35 million, while both depreciation & amortization and interest expenses are projected to increase by approximately $5 million each. The company anticipates a tax rate of about 27%. These forecasts reflect LPL Financial's expectations as of July 31, 2025, with an acknowledgment that actual results may vary due to potential risks and uncertainties.