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 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $16.99B | $12.39B | $10.05B | $8.60B | $7.72B | $5.87B |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - |
| Total Operating Expenses | $15.84B | $10.99B | $8.61B | $7.49B | $5.25B | $5.14B |
| D&A | $393.40M | $308.50M | $247.00M | $199.80M | $151.40M | $109.73M |
| Operating Income | $1.15B | $1.39B | $1.44B | $1.11B | $601.33M | $626.07M |
| Interest Expense | $403.41M | $274.18M | $186.80M | $126.23M | $105.77M | - |
| Income Tax | $286.48M | $334.28M | $378.52M | $265.95M | $141.46M | $153.43M |
| Net Income | $863.02M | $1.06B | $1.07B | $845.70M | $459.87M | $472.64M |
| EPS - Basic | $10.97 | $14.17 | $13.88 | $10.60 | $5.75 | $5.96 |
| EPS - Diluted | $10.92 | $14.03 | $13.69 | $10.40 | $5.63 | $5.86 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.04B | $967.08M | $465.67M | $847.52M | $495.25M | $808.61M |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $18.49B | $13.32B | $10.39B | $9.48B | $7.99B | $6.52B |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | $7.26B | $5.49B | $3.73B | $2.72B | $2.81B | $2.35B |
| Total Liabilities | $13.15B | $10.39B | $8.31B | $7.31B | $6.32B | $5.21B |
| Stockholders' Equity | $5.34B | $2.93B | $2.08B | $2.17B | $1.67B | $1.31B |
| Retained Earnings | $5.84B | $5.07B | $4.09B | $3.10B | $2.33B | $1.94B |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ($411.40M) | $277.59M | $512.61M | $1.95B | $453.13M | $789.94M |
| Investing Cash Flow | ($2.39B) | ($1.59B) | ($860.19M) | ($376.40M) | ($458.64M) | ($187.50M) |
| Financing Cash Flow | $3.17B | $1.42B | ($208.53M) | ($504.27M) | $278.84M | ($275.19M) |
| CapEx | $570.38M | $562.53M | $403.29M | $306.60M | $215.99M | $155.53M |
| Free Cash Flow | ($981.78M) | ($284.94M) | $109.33M | $1.64B | $237.15M | $634.41M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | 6.8% | 11.2% | 14.4% | 12.9% | 7.8% | 10.7% |
| EBITDA margin | 9.1% | 13.7% | 16.8% | 15.2% | 9.7% | 12.5% |
| Net margin | 5.1% | 8.5% | 10.6% | 9.8% | 6.0% | 8.0% |
| Free cash flow margin | -5.8% | -2.3% | 1.1% | 19.1% | 3.1% | 10.8% |
| FCF / Net income | -1.14 | -0.27 | 0.10 | 1.94 | 0.52 | 1.34 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - |
| Effective tax rate | 24.9% | 24.0% | 26.2% | 23.9% | 23.5% | 24.5% |
| Return on assets | 4.7% | 7.9% | 10.3% | 8.9% | 5.8% | 7.2% |
| Return on equity | 16.1% | 36.1% | 51.3% | 39.0% | 27.5% | 35.9% |
| Return on invested capital | 6.8% | 12.6% | 18.3% | 17.3% | 10.3% | 12.9% |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | 1.36 | 1.87 | 1.80 | 1.25 | 1.68 | 1.78 |
| Debt / Assets | 0.39 | 0.41 | 0.36 | 0.29 | 0.35 | 0.36 |
| Debt / EBITDA | 4.70 | 3.23 | 2.21 | 2.07 | 3.74 | 3.19 |
| Interest coverage | 2.8x | 5.1x | 7.7x | 8.8x | 5.7x | - |
| Equity multiplier | 3.46 | 4.54 | 5.00 | 4.37 | 4.78 | 4.96 |
| Liabilities / Assets | 0.71 | 0.78 | 0.80 | 0.77 | 0.79 | 0.80 |
| Efficiency | ||||||
| Asset turnover | 0.92 | 0.93 | 0.97 | 0.91 | 0.97 | 0.90 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 32.7x | 23.3x | 16.6x | 20.8x | 28.4x | 17.8x |
| P / B | 5.3x | 8.4x | 8.5x | 8.1x | 7.8x | 6.4x |
| P / S | 1.7x | 2.0x | 1.8x | 2.0x | 1.7x | 1.4x |
| EV / EBITDA | 22.3x | 17.1x | 12.4x | 14.8x | 20.5x | 13.5x |
| Growth | ||||||
| Revenue growth (YoY) | 37.2% | 23.2% | 16.9% | 11.4% | 31.5% | 4.4% |
| Revenue CAGR (3y) | 25.5% | 17.1% | 19.6% | 15.2% | 14.2% | 11.1% |
| Revenue CAGR (5y) | 23.7% | 17.1% | 14.1% | 15.0% | 13.8% | 6.6% |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | -17.5% | -3.6% | 30.0% | 84.9% | -4.0% | -15.6% |
| Net income growth (YoY) | -18.5% | -0.7% | 26.1% | 83.9% | -2.7% | -15.6% |
| EPS growth (YoY) | -22.2% | 2.5% | 31.6% | 84.7% | -3.9% | -11.5% |
| EPS CAGR (3y) | 1.6% | 35.6% | 32.7% | 16.2% | 5.1% | 31.3% |
| EPS CAGR (5y) | 13.3% | 16.2% | 23.1% | 32.1% | 21.5% | 27.5% |
| FCF growth (YoY) | -244.6% | - | -93.3% | 591.1% | -62.6% | 35.7% |
| FCF CAGR (5y) | - | - | -24.6% | 37.6% | 10.0% | 25.1% |
| Book value growth (YoY) | 82.4% | 41.0% | -4.1% | 29.8% | 27.1% | 28.4% |
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
1/9
Weak
- ✓Net income positive
- ✗Operating cash flow positive
- ✗ROA improved YoY
- ✗Cash flow > net income
- ✗Long-term debt decreased
- -Current ratio improved
- ✗No share dilution
- -Gross margin improved
- ✗Asset turnover improved
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 |