LPLA · Lpl Financial Holdings Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.94B | - | $4.55B | $3.84B | $3.67B | - | $3.11B | $2.93B | $2.83B | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | $4.45B | - | $4.59B | $3.47B | $3.25B | - | $2.76B | $2.60B | $2.46B | - |
| D&A | $105.75M | - | $99.72M | $96.23M | $92.36M | - | $78.34M | $71.00M | $67.16M | - |
| Operating Income | $484.58M | - | ($34.11M) | $368.80M | $417.25M | - | $347.35M | $330.07M | $374.19M | - |
| Interest Expense | $100.29M | - | $106.30M | $105.64M | $85.86M | - | $67.78M | $64.34M | $60.08M | - |
| Income Tax | $128.18M | - | ($4.59M) | $95.56M | $98.68M | - | $92.05M | $86.27M | $85.43M | - |
| Net Income | $356.40M | - | ($29.52M) | $273.25M | $318.57M | - | $255.30M | $243.80M | $288.76M | - |
| EPS - Basic | $4.45 | - | ($0.37) | $3.42 | $4.27 | - | $3.41 | $3.26 | $3.87 | - |
| EPS - Diluted | $4.43 | - | ($0.37) | $3.40 | $4.24 | - | $3.39 | $3.23 | $3.83 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.02B | $1.04B | $1.34B | $4.19B | $1.23B | $967.08M | $1.47B | $1.32B | $1.10B | $465.67M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $18.84B | $18.49B | $18.03B | $17.47B | $13.96B | $13.32B | $11.94B | $11.50B | $11.02B | $10.39B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | $7.18B | $7.26B | $7.52B | $7.18B | $5.69B | $5.49B | $4.44B | $4.44B | $3.85B | $3.73B |
| Total Liabilities | $13.15B | $13.15B | $12.99B | $12.40B | $10.84B | $10.39B | $9.17B | $8.99B | $8.75B | $8.31B |
| Stockholders' Equity | $5.69B | $5.34B | $5.04B | $5.07B | $3.12B | $2.93B | $2.77B | $2.52B | $2.27B | $2.08B |
| Retained Earnings | $6.17B | $5.84B | $5.57B | $5.62B | $5.37B | $5.07B | $4.81B | $4.58B | $4.35B | $4.09B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $290.40M | - | - | - | $339.81M | - | - | - | $425.90M | - |
| Investing Cash Flow | ($311.52M) | - | - | - | ($199.16M) | - | - | - | ($129.94M) | - |
| Financing Cash Flow | ($127.67M) | - | - | - | $29.97M | - | - | - | ($49.85M) | - |
| CapEx | $165.76M | - | - | - | $119.47M | - | - | - | $121.02M | - |
| Free Cash Flow | $124.64M | - | - | - | $220.34M | - | - | - | $304.88M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 9.8% | - | -0.7% | 9.6% | 11.4% | - | 11.2% | 11.3% | 13.2% | - |
| EBITDA margin | 12.0% | - | 1.4% | 12.1% | 13.9% | - | 13.7% | 13.7% | 15.6% | - |
| Net margin | 7.2% | - | -0.6% | 7.1% | 8.7% | - | 8.2% | 8.3% | 10.2% | - |
| Free cash flow margin | 2.5% | - | - | - | 6.0% | - | - | - | 10.8% | - |
| FCF / Net income | 0.35 | - | - | - | 0.69 | - | - | - | 1.06 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | 26.5% | - | - | 25.9% | 23.6% | - | 26.5% | 26.1% | 22.8% | - |
| Return on assets | 1.9% | - | -0.2% | 1.6% | 2.3% | - | 2.1% | 2.1% | 2.6% | - |
| Return on equity | 6.3% | - | -0.6% | 5.4% | 10.2% | - | 9.2% | 9.7% | 12.7% | - |
| Return on invested capital | 2.8% | - | -0.2% | 2.2% | 3.6% | - | 3.5% | 3.5% | 4.7% | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | 1.26 | 1.36 | 1.49 | 1.41 | 1.82 | 1.87 | 1.60 | 1.77 | 1.70 | 1.80 |
| Debt / Assets | 0.38 | 0.39 | 0.42 | 0.41 | 0.41 | 0.41 | 0.37 | 0.39 | 0.35 | 0.36 |
| Debt / EBITDA | 12.17 | - | 114.64 | 15.43 | 11.16 | - | 10.43 | 11.08 | 8.73 | - |
| Interest coverage | 4.8x | - | -0.3x | 3.5x | 4.9x | - | 5.1x | 5.1x | 6.2x | - |
| Equity multiplier | 3.31 | 3.46 | 3.58 | 3.44 | 4.47 | 4.54 | 4.31 | 4.57 | 4.85 | 5.00 |
| Liabilities / Assets | 0.70 | 0.71 | 0.72 | 0.71 | 0.78 | 0.78 | 0.77 | 0.78 | 0.79 | 0.80 |
| Efficiency | ||||||||||
| Asset turnover | 0.26 | - | 0.25 | 0.22 | 0.26 | - | 0.26 | 0.25 | 0.26 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 67.9x | - | - | 110.3x | 77.2x | - | 68.6x | 86.5x | 69.0x | - |
| P / B | 4.3x | - | 5.3x | 5.9x | 7.9x | - | 6.3x | 8.4x | 8.8x | - |
| P / S | 4.9x | - | 5.9x | 7.9x | 6.7x | - | 5.6x | 7.2x | 7.0x | - |
| EV / EBITDA | 51.4x | - | 501.6x | 71.2x | 57.0x | - | 48.2x | 60.4x | 51.4x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 34.6% | - | 46.4% | 30.8% | 29.6% | - | 23.2% | 18.8% | 17.2% | - |
| Revenue CAGR (3y) | 26.9% | - | 28.1% | 23.4% | 21.1% | - | 15.4% | 15.6% | 18.4% | - |
| Revenue CAGR (5y) | 23.7% | - | 25.5% | 22.9% | 20.2% | - | 17.0% | 16.1% | 15.6% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 16.1% | - | - | 11.7% | 11.5% | - | 9.3% | -15.1% | -15.8% | - |
| Net income growth (YoY) | 11.9% | - | - | 12.1% | 10.3% | - | 13.8% | -14.6% | -14.8% | - |
| EPS growth (YoY) | 4.5% | - | - | 5.3% | 10.7% | - | 16.5% | -11.5% | -9.7% | - |
| EPS CAGR (3y) | 1.5% | - | - | 20.0% | 37.2% | - | 39.1% | 30.3% | 34.1% | - |
| EPS CAGR (5y) | 22.7% | - | - | 21.8% | 17.2% | - | 16.6% | 13.6% | 16.4% | - |
| FCF growth (YoY) | -43.4% | - | - | - | -27.7% | - | - | - | - | - |
| FCF CAGR (5y) | 45.2% | - | - | - | -8.7% | - | - | - | 128.4% | - |
| Book value growth (YoY) | 82.0% | 82.4% | 81.9% | 101.7% | 37.6% | 41.0% | 32.6% | 18.5% | 3.5% | -4.1% |
Peer comparison
Same SIC group: Security & Commodity Brokers, Dealers, Exchanges & Services
Comparing LPL Financial Holdings Inc. against the 5 most active filers in the same SIC group.
Dividends
$1.20/share trailing 12 months · 0.0% YoY
| Ex-date | Per share |
|---|---|
| May 21, 2026 | $0.3000 |
| Mar 10, 2026 | $0.3000 |
| Nov 13, 2025 | $0.3000 |
| Aug 15, 2025 | $0.3000 |
| May 30, 2025 | $0.3000 |
| Mar 11, 2025 | $0.3000 |
| Nov 14, 2024 | $0.3000 |
| Aug 9, 2024 | $0.3000 |
| May 20, 2024 | $0.3000 |
| Mar 11, 2024 | $0.3000 |
| Nov 8, 2023 | $0.3000 |
| Aug 10, 2023 | $0.3000 |
| May 17, 2023 | $0.3000 |
| Mar 13, 2023 | $0.3000 |
| Nov 9, 2022 | $0.2500 |
| Aug 16, 2022 | $0.2500 |
| Jun 8, 2022 | $0.2500 |
| Mar 14, 2022 | $0.2500 |
| Nov 9, 2021 | $0.2500 |
| Aug 12, 2021 | $0.2500 |
| May 21, 2021 | $0.2500 |
| Mar 15, 2021 | $0.2500 |
| Nov 10, 2020 | $0.2500 |
| Aug 13, 2020 | $0.2500 |