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Financials · LPLA

LPL Financial Holdings Inc. (LPLA) financials

For the twelve months ended Sep 30, 2026, LPL Financial Holdings Inc. reported $20.40B of revenue and $1.39B of net income.

Revenue, TTM
$20.40B
Revenue growth, YoY
+31.0%
Net income, TTM
$1.39B
Net income growth, YoY
+67.2%
Net margin
6.8%
Free cash flow, TTM
$1.01B
EPS, diluted, TTM
$17.34
EPS growth, YoY
+59.8%
Cash
$1.06B
Total debt
$7.80B
P/E
16.52
P/S
1.13
Market cap
$23.01B
Annual revenue$16.99B
FY2016FY2025
Annual net income$863.02M
FY2016FY2025
Annual free cash flow-$981.78M
FY2016FY2025

LPLA revenue and earnings growth

LPLA revenueQ3 2026$5.34B

Quarter YoY
+17.4%
QoQ
+3.0%
FY YoY
+37.2%
5Y CAGR
+23.7%
10Y CAGR
+14.8%

LPLA revenue was $5.34B in fiscal Q3 2026 (ended Sep 30, 2026), up 17.4% from a year earlier and up 3.0% from the prior quarter. For the full fiscal 2025 it was $16.99B, up 37.2% from fiscal 2024. Compound annual growth was +23.7% over 5 years and +14.8% over 10 years. It rose in 9 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

LPLA net incomeQ3 2026$356.56M

QoQ
-6.0%
FY YoY
-18.5%
5Y CAGR
+12.8%
10Y CAGR
+17.7%

LPLA net income was $356.56M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$29.52M a year earlier and down 6.0% from the prior quarter. For the full fiscal 2025 it was $863.02M, down 18.5% from fiscal 2024. Compound annual growth was +12.8% over 5 years and +17.7% over 10 years. It rose in 6 of the last 10 fiscal years.

LPLA EPSQ3 2026$4.52

QoQ
-4.6%
FY YoY
-22.2%
5Y CAGR
+13.3%
10Y CAGR
+20.2%

LPLA diluted EPS was $4.52 in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$0.37 a year earlier and down 4.6% from the prior quarter. For the full fiscal 2025 it was $10.92, down 22.2% from fiscal 2024. Compound annual growth was +13.3% over 5 years and +20.2% over 10 years.

LPLA free cash flowQ3 2026$67.46M

QoQ
-66.7%

LPLA free cash flow was $67.46M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$1.87B a year earlier and down 66.7% from the prior quarter. For the full fiscal 2025 it was -$981.78M, compared with -$284.94M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$16.99B$12.39B$10.05B$8.60B$7.72B$5.87B$5.62B$5.19B$4.28B$4.05B
Pre-tax income$1.15B$1.39B$1.44B$1.11B$601.33M$626.07M$741.84M$592.64M$364.57M$297.52M
Income tax$286.48M$334.28M$378.52M$265.95M$141.46M$153.43M$181.96M$153.18M$125.71M$105.58M
Net income$863.02M$1.06B$1.07B$845.70M$459.87M$472.64M$559.88M$439.46M$238.86M$191.93M
EPS, basic$10.97$14.17$13.88$10.60$5.75$5.96$6.78$4.99$2.65$2.15
EPS, diluted$10.92$14.03$13.69$10.40$5.63$5.86$6.62$4.85$2.59$2.13
Diluted shares79.1M75.4M77.9M81.3M81.7M80.7M84.6M90.6M92.1M90.0M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$1.04B$2.68B$465.67M$3.14B$2.07B$1.80B$1.47B$1.56B$1.63B$1.56B
Short-term investments$91.53M$57.48M$91.31M$52.61M$49.19M$42.49M----
Goodwill$2.64B$2.17B$1.86B$1.64B$1.64B$1.51B$1.50B$1.49B$1.43B$1.37B
Total assets$18.49B$13.32B$10.39B$9.48B$7.99B$6.60B$5.88B$5.48B$5.36B$4.83B
Total 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
Shareholders' equity$5.34B$2.93B$2.08B$2.17B$1.67B$1.31B$1.02B$974.07M$965.01M$821.00M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow-$411.40M$277.59M$512.61M$1.95B$453.13M$789.94M$623.87M$581.58M$453.31M$388.93M
Capital expenditures$570.38M$562.53M$403.29M$306.60M$215.99M$155.53M$156.39M$132.69M$111.91M$127.65M
Free cash flow-$981.78M-$284.94M$109.33M$1.64B$237.15M$634.41M$467.48M$448.89M$341.40M$261.29M
Investing cash flow-$2.39B-$1.59B-$860.19M-$376.40M-$458.64M-$187.50M-$180.99M-$161.75M-$437.69M-$126.67M
Financing cash flow$3.17B$1.42B-$208.53M-$504.27M$278.84M-$275.19M-$533.23M-$483.36M$51.43M-$127.37M
Dividends paid$94.41M$89.73M$92.19M$79.83M$80.09M$79.10M$82.60M$88.36M$90.27M$89.08M
Share repurchases$100.00M$170.10M$1.10B$325.03M$90.01M$150.04M$500.37M$417.89M$113.73M$25.01M
Stock-based compensation$79.36M$91.76M$68.67M$52.61M$44.17M$33.98M$32.86M$29.16M$28.52M$24.90M
Depreciation and amortization$393.40M$308.50M$247.00M$199.80M$151.40M$109.70M$95.80M$87.66M$84.07M$75.93M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY37.2%23.2%16.9%11.4%31.5%4.4%8.4%21.2%5.7%-5.3%
Net income growth, YoY-18.5%-0.7%26.1%83.9%-2.7%-15.6%27.4%84.0%24.5%13.7%
EPS growth, YoY-22.2%2.5%31.6%84.7%-3.9%-11.5%36.5%87.3%21.6%22.4%
Net margin5.1%8.5%10.6%9.8%6.0%8.0%10.0%8.5%5.6%4.7%
Free cash flow margin-5.8%-2.3%1.1%19.1%3.1%10.8%8.3%8.7%8.0%6.5%
Return on equity16.1%36.1%51.3%39.0%27.5%35.9%54.7%45.1%24.8%23.4%
Return on assets4.7%7.9%10.3%8.9%5.8%7.2%9.5%8.0%4.5%4.0%
Debt to equity1.361.871.801.251.681.782.342.432.472.65

Source: XBRL data LPL Financial Holdings Inc. files with the SEC, latest filing dated Oct 29, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

LPLA peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
LPLA$20.40B+31.0%$1.39B6.8%$23.01B
MS$80.16B+16.2%$20.45B25.5%$284.96B
GS$69.70B+18.7%$22.17B31.8%$249.73B
BLK$28.54B+24.7%$6.91B24.2%$182.05B
SCHW$26.02B+20.3%$10.10B38.8%$158.22B
CME$6.97B+9.0%$4.43B63.5%$109.49B
ICE$14.05B+12.1%$4.16B29.6%$96.27B
HOOD$5.08B+20.9%$1.98B39.0%$72.86B
NDAQ$9.15B+11.5%$2.08B22.8%$59.44B

LPLA FAQ

8 questions
  • What is LPLA revenue?
    LPL Financial Holdings Inc. (LPLA) reported $20.40B of revenue for the twelve months ended Sep 30, 2026. That is up 31.0% from the year before. Revenue for fiscal 2025 was $16.99B.
  • Is LPLA profitable?
    Yes. LPL Financial Holdings Inc. earned $1.39B in net income for the twelve months ended Sep 30, 2026, a net margin of 6.8%.
  • How much cash and debt does LPLA have?
    LPL Financial Holdings Inc. reported $1.06B in cash and cash equivalents and $7.80B of debt on its most recent balance sheet in SEC filings.
  • How fast is LPLA revenue growing?
    LPL Financial Holdings Inc.'s revenue changed +37.2% in fiscal 2025, to $16.99B. Its compound annual growth rate was +23.7% over 5 years and +14.8% over 10 years.
  • What is LPLA free cash flow?
    LPL Financial Holdings Inc. generated $1.01B of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $1.77B less capital expenditures.
  • What is LPLA earnings per share?
    Diluted earnings per share were $17.34 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did LPLA last report financial results?
    The latest statements here come from LPL Financial Holdings Inc.'s 10-Q filed on Oct 29, 2026, covering the period ended Sep 30, 2026.
  • Where does this LPLA financial data come from?
    Quantisnow builds these statements from the structured XBRL data LPL Financial Holdings Inc. files with the SEC. It is provided for information only and is not investment advice.