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.
- Ticker
- LPLA
- Exchange
- Nasdaq
- Sector
- Financial Services
- Industry
- Capital Markets
- Market cap
- $23.24B
- 52-week range
- $260.15 - $400.16
Valuation
- Share price
- $295.51 (close of Nov 6, 2026)
- P/E (TTM)
- 16.90x
- Price to book
- 4.00x
- Price to free cash flow
- 23.06x
- Enterprise value
- $30.05B
- Book value per share
- $73.89
Price performance
| Period | Change |
|---|---|
| 1 day | -1.79% |
| 5 days | +4.15% |
| 1 month | -11.10% |
| 3 months | -17.70% |
| 6 months | -9.00% |
| Year to date | -17.26% |
| 1 year | -20.70% |
| 3 years | +33.77% |
| 5 years | +75.68% |
| 10 years | +818.87% |
| All time | +819.16% |
Short interest
- As of
- Oct 15, 2026
- Short % of float
- 2.82%
- Shares short
- 2.18M
- Days to cover
- 2.77
- Change since prior report
- +10.48%
- Source
- FINRA consolidated short interest
Members of Congress who disclosed LPLA trades
Gilbert Ray Cisneros · Markwayne Mullin · Val Hoyle
Super investors holding LPLA
Dodge & Cox (Dodge & Cox Funds) · Stephen Mandel (Lone Pine Capital LLC) · Ken Griffin (Citadel) · First Pacific Advisors (First Pacific Advisors, LP) · Ray Dalio (Bridgewater Associates)
Profitability and growth
- Return on equity
- 16.15%
- Return on assets
- 4.67%
- Net margin
- 5.08%
- Revenue growth
- 37.18%
- Net income growth
- -18.48%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 4.34%
- Net debt to EBITDA
- 2.25x
Latest reported year
- Period end
- Dec 31, 2025
- Fiscal year
- 2025
- Revenue
- $16.99B
- 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
- Aug 14, 2026
- 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
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|---|---|
| 2026-10-27 | Sep 2026 | $5.69 |
| 2026-07-30 | Jun 2026 | $5.39 |
| 2026-04-30 | Mar 2026 | $5.49 |
| 2026-01-29 | Dec 2025 | $4.82 |
| 2025-10-30 | Sep 2025 | $4.47 |
| 2025-07-31 | Jun 2025 | $4.21 |
| 2025-05-08 | Mar 2025 | $4.54 |
| 2025-01-30 | Dec 2024 | $3.92 |
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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Understanding these figures
Price-to-earnings ratio · Short interest · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
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