LPL Financial Holdings Inc. LPLA

Financials SIC 6200 - Security & Commodity Brokers, Dealers, Exchanges & Services NAICS Finance and Insurance › Securities, Commodity Contracts, and Other Financial Investments and Related Activities › Securities and Commodity Exchanges derived Nasdaq

LPL serves the financial advisor-mediated marketplace as the nation's largest independent broker-dealer, a leading investment advisory firm, and a top custodian. We support more than 32,000 financial advisors, and the wealth management practices of approximately 1,200 financial institutions, servicing and custodying approximately $2.4 trillion in brokerage and advisory assets. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run successful businesses.

We are steadfast in our commitment to the advisor-mediated model and the belief that investors deserve access to personalized guidance from a financial advisor. We believe advisors should have the freedom to choose the business model, services and technology they need to manage their client relationships. We believe investors achieve better outcomes when working with a financial advisor, and we strive to make it easy for advisors to do what is best for their clients.

Last close 315.61 2026-10-23
Market cap $24.85B 2026-06-30 share count
52-week range 260.15 - 400.16

Valuation FY2025 figures against the last close

P/S1.5x
P/E28.9x
P/FCF—
EV/EBITDA—
Dividend yield0.4%
Diluted EPS10.92

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $16.99B$12.39B$10.05B$8.60B$7.72B$5.87B$5.62B$5.19B$4.28B$4.05B
Total operating expenses $15.84B$10.99B$8.61B$7.49B$7.12B$5.25B$4.88B$4.47B$3.79B$3.66B
Interest expense —————$29.4M$46.5M$40.2M$24.5M$21.3M
Pre-tax income $1.15B$1.39B$1.44B$1.11B$601.3M$626.1M$741.8M$592.6M$364.6M$297.5M
Income tax $286.5M$334.3M$378.5M$266.0M$141.5M$153.4M$182.0M$153.2M$125.7M$105.6M
Net income $863.0M$1.06B$1.07B$845.7M$459.9M$472.6M$559.9M$439.5M$238.9M$191.9M
EPS, basic 10.9714.1713.8810.605.755.966.784.992.652.15
EPS, diluted 10.9214.0313.6910.405.635.866.624.852.592.13
Shares, diluted (wtd. avg.) 79.1M75.4M77.9M81.3M81.7M80.7M84.6M90.6M92.1M90.0M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $1.04B$967.1M$465.7M$3.14B$2.07B$1.80B$1.47B$1.56B$1.63B$1.56B
Short-term investments $91.5M$57.5M$91.3M$52.6M$49.2M$42.5M————
Property, plant and equipment $1.41B$1.21B$933.1M$780.4M$658.8M$582.9M$533.0M$461.4M$412.7M$387.4M
Goodwill $2.64B$2.17B$1.86B$1.64B$1.64B$1.51B$1.50B$1.49B$1.43B$1.37B
Other intangibles $3.33B$1.48B$671.6M$427.7M$455.0M$397.5M$439.8M$484.2M$414.1M$354.0M
Total assets $18.49B$13.32B$10.39B$9.48B$7.99B$6.60B$5.88B$5.48B$5.36B$4.83B
Long-term debt $7.26B$5.49B$3.73B$2.72B$2.81B$2.35B$2.40B$2.37B$2.39B$2.18B
Total liabilities $13.15B$10.39B$8.31B$7.31B$6.32B$5.28B$4.86B$4.50B$4.39B$4.01B
Retained earnings $5.84B$5.07B$4.09B$3.10B$2.33B$1.94B$1.55B$1.07B$718.3M$569.9M
Total equity $5.34B$2.93B$2.08B$2.17B$1.67B$1.31B$1.02B$974.1M$965.0M$821.0M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow -$411.4M$277.6M$512.6M$1.95B$453.1M$789.9M$623.9M$581.6M$453.3M$388.9M
Depreciation and amortisation $393.4M$308.5M$247.0M$199.8M$151.4M$109.7M$95.8M$87.7M$84.1M$75.9M
Stock-based compensation $79.4M$91.8M$68.7M$52.6M$44.2M$34.0M$32.9M$29.2M$28.5M$24.9M
Capital expenditure $570.4M$562.5M$403.3M$306.6M$216.0M$155.5M$156.4M$132.7M$111.9M$127.6M
Investing cash flow -$2.39B-$1.59B-$860.2M-$376.4M-$458.6M-$187.5M-$181.0M-$161.8M-$437.7M-$126.7M
Financing cash flow $3.17B$1.42B-$208.5M-$504.3M$278.8M-$275.2M-$533.2M-$483.4M$51.4M-$127.4M
Dividends paid $94.4M$89.7M$92.2M$79.8M$80.1M$79.1M$82.6M$88.4M$90.3M$89.1M
Buybacks $100.0M$170.1M$1.10B$325.0M$90.0M$150.0M$500.4M$417.9M$113.7M$25.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-010705.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 5B 10B 15B 20B Revenue, FY2016: 4B Net income, FY2016: 191.9M Revenue, FY2017: 4.3B Net income, FY2017: 238.9M Revenue, FY2018: 5.2B Net income, FY2018: 439.5M Revenue, FY2019: 5.6B Net income, FY2019: 559.9M Revenue, FY2020: 5.9B Net income, FY2020: 472.6M Revenue, FY2021: 7.7B Net income, FY2021: 459.9M Revenue, FY2022: 8.6B Net income, FY2022: 845.7M Revenue, FY2023: 10.1B Net income, FY2023: 1.1B Revenue, FY2024: 12.4B Net income, FY2024: 1.1B Revenue, FY2025: 17B Net income, FY2025: 863M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $4.05B $4.28B $5.19B $5.62B $5.87B $7.72B $8.60B $10.05B $12.39B $16.99B
Gross profit — — — — — — — — — —
Net income $191.9M $238.9M $439.5M $559.9M $472.6M $459.9M $845.7M $1.07B $1.06B $863.0M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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