NASDAQ : LPLA
LPL Financial Holdings Inc. — Financial statements
Financials · Capital Markets · United States
Last price 283.74 USD (Oct 30, 2026, 4:00 PM) · Market cap 22.09B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
LPL Financial Holdings Inc. (LPLA) reported revenue of 19.99B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest and Dividend Income | 190.37M | 231.62M | 187.61M | 159.41M | 77.13M | 28.58M |
| Total Interest Expense | 413.24M | 403.41M | 274.18M | 186.80M | 126.23M | 104.41M |
| Net Interest Income | -222.87M | -171.79M | -86.58M | -27.39M | -49.11M | -75.84M |
| Brokerage Commission | 4.91B | 4.51B | 3.31B | 2.55B | 2.33B | 2.38B |
| Asset Management Fee | 3.33B | 3.00B | 2.50B | 2.38B | 1.76B | 1.15B |
| Underwriting & Investment Banking Fee | 10.66B | 8.16B | 5.46B | 4.14B | 3.88B | 3.53B |
| Other Revenue | 1.31B | 1.10B | 906.06M | 827.40M | 562.11M | 640.07M |
| Revenue | 19.99B | 16.59B | 12.08B | 9.87B | 8.47B | 7.62B |
| Salaries & Employee Benefits | 1.36B | 1.27B | 1.10B | 979.68M | 820.74M | 741.00M |
| Cost of Services Provided | 15.55B | 12.67B | 8.89B | 6.88B | 6.11B | 5.89B |
| Other Operating Expenses | 192.47M | 130.86M | 157.47M | 142.59M | 143.61M | 131.54M |
| Total Operating Expenses | 17.83B | 14.70B | 10.59B | 8.35B | 7.36B | 6.99B |
| Operating Income | 2.15B | 1.88B | 1.49B | 1.51B | 1.11B | 625.73M |
| EBT Excluding Unusual Items | 2.15B | 1.88B | 1.49B | 1.51B | 1.11B | 625.73M |
| Merger & Restructuring Charges | -243.40M | -707.80M | -64.30M | |||
| Legal Settlements | -18.00M | -40.00M | ||||
| Other Unusual Items | -28.77M | -24.16M | -15.32M | -26.85M | -330.00K | -24.40M |
| Pretax Income | 1.88B | 1.15B | 1.39B | 1.44B | 1.11B | 601.33M |
| Income Tax Expense | 489.83M | 286.48M | 334.28M | 378.52M | 265.95M | 141.46M |
| Net Income | 1.39B | 863.02M | 1.06B | 1.07B | 845.70M | 459.87M |
| Net Income to Common | 1.39B | 863.02M | 1.06B | 1.07B | 845.70M | 459.87M |
| Shares Outstanding (Basic) | 79.65M | 78.68M | 74.71M | 76.81M | 79.80M | 80.00M |
| Shares Outstanding (Diluted) | 79.98M | 79.06M | 75.43M | 77.86M | 81.28M | 81.74M |
| EPS (Basic) | 17.49 | 10.97 | 14.17 | 13.88 | 10.60 | 5.75 |
| EPS (Diluted) | 17.42 | 10.92 | 14.03 | 13.69 | 10.40 | 5.63 |
| Free Cash Flow | 997.25M | -988.61M | -294.55M | 109.33M | 1.64B | 237.15M |
| Free Cash Flow Per Share | 12.47 | -12.50 | -3.90 | 1.40 | 20.16 | 2.90 |
| Dividend Per Share | 1.20 | 1.20 | 1.20 | 1.20 | 1.00 | 1.00 |
| Operating Margin | 10.78% | 11.34% | 12.33% | 15.32% | 13.12% | 8.22% |
| Profit Margin | 6.97% | 5.20% | 8.76% | 10.81% | 9.98% | 6.04% |
| Free Cash Flow Margin | 4.99% | -5.96% | -2.44% | 1.11% | 19.34% | 3.11% |
| Effective Tax Rate | 26.02% | 24.92% | 24.00% | 26.20% | 23.92% | 23.52% |
| Revenue as Reported | 20.40B | 16.99B | 12.39B | 10.05B | 8.60B | 7.72B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.06B | 1.04B | 967.08M | 465.67M | 847.52M | 495.25M |
| Short-Term Investments | 1.69B | 1.79B | 1.60B | 2.01B | 2.20B | 1.50B |
| Trading Asset Securities | 95.78M | 36.11M | 13.77M | 50.69M | 12.36M | 19.67M |
| Accounts Receivable | 1.23B | 874.10M | 710.38M | 638.65M | 617.85M | 681.39M |
| Other Receivables | 5.32B | 4.94B | 3.20B | 2.22B | 1.80B | 1.55B |
| Property, Plant & Equipment | 1.86B | 693.46M | 571.51M | 443.70M | 407.11M | 380.14M |
| Goodwill | 2.70B | 2.64B | 2.17B | 1.86B | 1.64B | 1.64B |
| Other Intangible Assets | 3.47B | 4.22B | 2.24B | 1.25B | 893.46M | 828.80M |
| Investments in Debt & Equity Securities | 456.39M | 387.10M | 293.90M | 192.35M | 138.10M | 124.49M |
| Restricted Cash | 149.97M | 225.30M | 119.72M | 108.18M | 90.39M | 80.66M |
| Other Current Assets | 44.50M | 40.00M | 28.50M | 25.40M | 24.40M | 19.60M |
| Long-Term Deferred Tax Assets | 77.41M | 78.22M | 129.90M | 167.45M | 99.00M | 5.65M |
| Other Long-Term Assets | 1.69B | 1.51B | 1.25B | 942.58M | 703.02M | 664.39M |
| Total Assets | 19.87B | 18.49B | 13.32B | 10.39B | 9.48B | 7.99B |
| Accounts Payable | 3.16B | 3.18B | 2.54B | 2.83B | 3.21B | 2.20B |
| Accrued Expenses | 504.24M | 463.17M | 403.63M | 299.42M | 277.36M | 289.53M |
| Current Portion of Leases | 49.71M | |||||
| Other Current Liabilities | 3.86M | 3.53M | ||||
| Long-Term Debt | 7.91B | 7.26B | 5.49B | 3.73B | 2.72B | 2.81B |
| Long-Term Leases | 219.78M | 262.69M | 252.84M | 228.94M | 230.94M | 236.37M |
| Long-Term Unearned Revenue | 317.09M | 265.02M | 207.56M | 156.21M | 138.11M | 160.93M |
| Other Long-Term Liabilities | 1.86B | 1.60B | 1.36B | 1.03B | 620.08M | 620.98M |
| Total Liabilities | 14.06B | 13.15B | 10.39B | 8.31B | 7.31B | 6.32B |
| Common Stock | 137.00K | 136.00K | 131.00K | 130.00K | 130.00K | 129.00K |
| Additional Paid-In Capital | 3.92B | 3.84B | 2.07B | 1.99B | 1.91B | 1.84B |
| Retained Earnings | 6.86B | 5.84B | 5.07B | 4.09B | 3.10B | 2.33B |
| Shareholders' Equity | 5.81B | 5.34B | 2.93B | 2.08B | 2.17B | 1.67B |
| Total Liabilities & Equity | 19.87B | 18.49B | 13.32B | 10.39B | 9.48B | 7.99B |
| Total Debt | 8.13B | 7.57B | 5.75B | 3.96B | 2.95B | 3.05B |
| Net Cash (Debt) | -5.28B | -4.71B | -3.17B | -1.44B | 110.86M | -1.04B |
| Net Cash Per Share | -66.03 | -59.52 | -42.02 | -18.49 | 1.36 | -12.71 |
| Filing Date Shares Outstanding | 77.87M | 80.08M | 74.57M | 74.45M | 78.67M | 79.97M |
| Total Common Shares Outstanding | 78.31M | 80.06M | 74.65M | 74.65M | 79.25M | 79.99M |
| Working Capital | 5.85B | 5.18B | 3.57B | 2.36B | 1.98B | 1.85B |
| Book Value Per Share | 74.22 | 66.76 | 39.26 | 27.85 | 27.35 | 20.88 |
| Tangible Book Value | -359.65M | -1.52B | -1.48B | -1.03B | -368.37M | -800.71M |
| Tangible Book Value Per Share | -4.59 | -18.99 | -19.86 | -13.83 | -4.65 | -10.01 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 1.39B | 863.02M | 1.06B | 1.07B | 845.70M | 459.87M |
| Depreciation & Amortization, Total | 731.18M | 630.01M | 443.76M | 354.20M | 287.38M | 230.69M |
| Stock-Based Compensation | 89.08M | 79.36M | 91.76M | 68.67M | 52.61M | 44.17M |
| Change in Accounts Receivable | -377.09M | -168.36M | -58.55M | -21.86M | 63.48M | -179.00M |
| Change in Accounts Payable | 281.67M | 430.38M | -401.66M | -413.17M | 960.34M | 258.08M |
| Change in Other Net Operating Assets | -1.18B | -2.87B | -1.22B | -721.44M | -385.34M | -551.13M |
| Other Operating Activities | 732.36M | 575.71M | 299.06M | 194.24M | 100.96M | 184.28M |
| Operating Cash Flow | 1.77B | -411.40M | 277.59M | 512.61M | 1.95B | 453.13M |
| Capital Expenditures | -777.26M | -577.20M | -572.14M | -403.29M | -306.60M | -215.99M |
| Cash Acquisitions | -393.81M | -1.79B | -1.02B | -453.48M | -56.46M | -245.91M |
| Investment in Securities | -41.12M | -21.80M | 231.00K | -3.42M | -13.35M | 3.26M |
| Investing Cash Flow | -1.21B | -2.39B | -1.59B | -860.19M | -376.40M | -458.64M |
| Long-Term Debt Issued | 3.62B | 3.45B | 2.47B | 815.00M | 2.88B | |
| Long-Term Debt Repaid | -1.85B | -1.69B | -1.45B | -916.11M | -2.43B | |
| Net Debt Issued (Repaid) | 270.52M | 1.78B | 1.76B | 1.02B | -101.11M | 452.07M |
| Issuance of Common Stock | 20.58M | 1.75B | 28.73M | 18.66M | 28.73M | 41.97M |
| Repurchase of Common Stock | -632.12M | -133.49M | -211.38M | -1.14B | -350.19M | -110.24M |
| Common Dividends Paid | -95.65M | -94.41M | -89.73M | -92.19M | -79.83M | -80.09M |
| Other Financing Activities | -43.31M | -126.41M | -67.97M | -13.47M | -1.87M | -24.87M |
| Financing Cash Flow | -479.97M | 3.17B | 1.42B | -208.53M | -504.27M | 278.84M |
| Net Cash Flow | 82.34M | 370.69M | 102.89M | -556.11M | 1.06B | 273.33M |
| Free Cash Flow | 997.25M | -988.61M | -294.55M | 109.33M | 1.64B | 237.15M |
| Free Cash Flow Margin | 4.99% | -5.96% | -2.44% | 1.11% | 19.34% | 3.11% |
| Free Cash Flow Per Share | 12.47 | -12.50 | -3.90 | 1.40 | 20.16 | 2.90 |
| Cash Interest Paid | 426.59M | 379.92M | 268.35M | 191.35M | 118.82M | 103.69M |
| Cash Income Tax Paid | 356.09M | 328.56M | 320.26M | 535.96M | 238.16M | 144.56M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 23.25B | 28.59B | 24.45B | 17.21B | 17.21B | 12.83B |
| Last Close Price | 298.63 | 356.17 | 324.49 | 225.15 | 212.63 | 156.71 |
| PE Ratio | 17.14 | 33.12 | 23.09 | 16.14 | 20.35 | 27.90 |
| PS Ratio | 1.16 | 1.72 | 2.02 | 1.75 | 2.03 | 1.69 |
| PB Ratio | 4.02 | 5.35 | 8.34 | 8.28 | 7.94 | 7.68 |
| P/FCF Ratio | 23.32 | 157.44 | 10.50 | 54.10 | ||
| P/OCF Ratio | 13.10 | 88.07 | 33.58 | 8.84 | 28.32 | |
| Debt / Equity Ratio | 1.40 | 1.42 | 1.96 | 1.91 | 1.36 | 1.83 |
| Debt / FCF Ratio | 8.15 | 36.25 | 1.80 | 12.86 | ||
| Net Debt / Equity Ratio | 0.91 | 0.88 | 1.08 | 0.69 | -0.05 | 0.62 |
| Net Debt / FCF Ratio | 5.30 | -4.76 | -10.76 | 13.17 | -0.07 | 4.38 |
| Asset Turnover | 1.05 | 1.04 | 1.02 | 0.99 | 0.97 | 1.04 |
| Quick Ratio | 2.51 | 2.31 | 2.11 | 1.71 | 1.52 | 1.70 |
| Current Ratio | 2.56 | 2.38 | 2.16 | 1.75 | 1.55 | 1.74 |
| Return on Equity (ROE) | 25.66% | 20.86% | 42.26% | 50.22% | 44.07% | 30.81% |
| Return on Assets (ROA) | 7.35% | 5.43% | 8.93% | 10.73% | 9.68% | 6.30% |
| Return on Invested Capital (ROIC) | 11.60% | 13.08% | 15.39% | 20.00% | 17.20% | 11.09% |
| Earnings Yield | 5.83% | 3.02% | 4.33% | 6.19% | 4.92% | 3.58% |
| FCF Yield | 4.29% | -3.46% | -1.21% | 0.64% | 9.53% | 1.85% |
| Dividend Yield | 0.40% | 0.34% | 0.37% | 0.52% | 0.46% | 0.62% |
| Payout Ratio | 6.89% | 10.94% | 8.48% | 8.65% | 9.44% | 17.42% |
| Buyback Yield / Dilution | -2.79% | -4.82% | 3.13% | 4.21% | 0.56% | -1.29% |
| Total Shareholder Return | -2.39% | -4.48% | 3.49% | 4.73% | 1.02% | -0.67% |