LPL Financial Holdings Inc. (LPLA)
LPL Financial Holdings Inc., together with its subsidiaries, provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at institutions in the United States. The company's brokerage offerings include variable and fixed annuities, mutual funds, equities, fixed income, alternative investments, retirement and 529 education savings plans, and insurance; and client cash programs consist of Federal Deposit Insurance Corporation (FDIC) insured bank sweep vehicles, and a client cash and money market account. It also provides fee-based platforms that provide access to mutual funds, exchange traded funds, stocks, bonds, certain options strategies, unit investment trusts, institutional money managers, and no-load multi-manager variable annuities. In addition, the company offers retirement solutions for commission and fee-based services that allow advisors to provide brokerage services, consultation, and advice to retirement plan sponsors. Further, it provides other services comprising tools and services that enable advisors to maintain and grow their practices; trust, investment management oversight, and custodial services for estates and families; an advisor-facing trading and portfolio rebalancing platform; insurance brokerage general agency services; and technology products, including proposal generation, investment analytics, and portfolio modeling. The company was formerly known as LPL Investment Holdings Inc. and changed its name to LPL Financial Holdings Inc. in June 2012. LPL Financial Holdings Inc. was founded in 1989 and is based in San Diego, California.
- Symbol
- LPLA
- Exchange
- Nasdaq
- Sector
- Financial Services
- Industry
- Capital Markets
- Market cap
- $24.54B
- 52 week range
- 260.15 - 400.16
Valuation
- Share price
- $302.47 (close of 2026-09-23)
- P/E (TTM)
- 24.64x
- Price to book
- 4.26x
- Price to free cash flow
- -26.35x
- Enterprise value
- $30.74B
- Book value per share
- $72.15
Price performance
| Period | Change |
|---|
| 1 day | -8.97% |
| 5 days | -11.49% |
| 1 month | -16.29% |
| 3 months | +2.50% |
| 6 months | +0.73% |
| Year to date | -15.31% |
| 1 year | -11.16% |
| 3 years | +25.43% |
| 5 years | +97.31% |
| 10 years | +905.89% |
| All time | +840.81% |
Profitability and growth
- Return on equity
- 16.15%
- Return on assets
- 4.67%
- Net margin
- 5.08%
- EBITDA margin
- 9.08%
- Revenue growth
- 37.18%
- Net income growth
- -18.48%
- Free cash flow growth
- -244.55%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- -3.80%
- Net debt to EBITDA
- 2.50x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $16.99B
- EBITDA
- $1.54B
- Net income
- $863.02M
- Earnings per share
- $10.97
- Shares outstanding
- 78.68M
Income statement by year
| Period end | Revenue | Net income | EPS |
|---|
| 2025-12-31 | $16.99B | $863.02M | $10.97 |
| 2024-12-31 | $12.39B | $1.06B | $14.17 |
| 2023-12-31 | $10.05B | $1.07B | $13.88 |
| 2022-12-31 | $8.60B | $845.70M | $10.60 |
| 2021-12-31 | $7.72B | $459.87M | $5.75 |
| 2020-12-31 | $5.87B | $472.64M | $5.96 |
| 2019-12-31 | $5.62B | $559.88M | $6.78 |
| 2018-12-31 | $5.19B | $439.46M | $4.99 |
| 2017-12-31 | $4.28B | $238.86M | $2.65 |
| 2016-12-31 | $4.05B | $191.93M | $2.15 |
Margins and returns by year
| Period end | Net margin | Return on equity |
|---|
| 2025-12-31 | 5.08% | 16.15% |
| 2024-12-31 | 8.55% | 36.12% |
| 2023-12-31 | 10.61% | 51.29% |
| 2022-12-31 | 9.83% | 39.02% |
| 2021-12-31 | 5.96% | 27.53% |
| 2020-12-31 | 8.05% | 35.95% |
| 2019-12-31 | 9.95% | 54.68% |
| 2018-12-31 | 8.47% | 45.12% |
| 2017-12-31 | 5.58% | 24.75% |
| 2016-12-31 | 4.74% | 23.38% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $1.13B | $7.26B |
| 2024-12-31 | $1.02B | $5.49B |
| 2023-12-31 | $556.98M | $3.73B |
| 2022-12-31 | $900.13M | $2.72B |
| 2021-12-31 | $544.44M | $2.81B |
| 2020-12-31 | $851.10M | $2.35B |
| 2019-12-31 | $590.21M | $2.40B |
| 2018-12-31 | $511.10M | $2.37B |
| 2017-12-31 | $811.14M | $2.39B |
| 2016-12-31 | $747.71M | $2.18B |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $-981.78M | $79.36M |
| 2024-12-31 | $-284.94M | $91.76M |
| 2023-12-31 | $109.33M | $68.67M |
| 2022-12-31 | $1.64B | $52.61M |
| 2021-12-31 | $237.15M | $44.17M |
| 2020-12-31 | $634.41M | $33.98M |
| 2019-12-31 | $467.48M | $32.86M |
| 2018-12-31 | $448.89M | $29.16M |
| 2017-12-31 | $341.40M | $28.52M |
| 2016-12-31 | $261.29M | $24.90M |
Dividend history
- Most recent payment
- 2026-08-14
- Paid in the last twelve months
- $1.20
| Payment date | Dividend per share |
|---|
| 2026-08-14 | $0.30 |
| 2026-05-21 | $0.30 |
| 2026-03-10 | $0.30 |
| 2025-11-13 | $0.30 |
| 2025-08-15 | $0.30 |
| 2025-05-30 | $0.30 |
| 2025-03-11 | $0.30 |
| 2024-11-14 | $0.30 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-10-29
- Consensus EPS estimate
- $5.90
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-07-30 | Jun/2026 | $5.39 |
| 2026-04-30 | - | - |
| 2026-01-29 | - | - |
| 2025-10-30 | - | - |
| 2025-07-31 | - | - |
| 2025-05-08 | - | - |
| 2025-01-30 | - | - |
| 2024-10-30 | - | - |
Filings and sources
- Company website
- lpl.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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