Fool - Investing News·6 days ago
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LPL Financial Holdings Inc.(LPLA)Earnings, Financials & Key Ratios
LPLA•NASDAQ
$304.75
27.9× P/E·Price updated Jul 6, 2026
AboutLPL 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 financial institutions in the United States. Its brokerage offerings include variable and fixed annuities, mutual funds, equities, retirement and education savings plans, fixed income, and insurance, as well as alternative investments, such as non-traded real estate investment trusts and auction rate notes. The company also provides advisory platforms that provide access to mutual funds, exchange-traded funds, stocks, bonds, certain option strategies, unit investment trusts, and institutional money managers and no-load multi-manager variable annuities. In addition, it offers money market programs; and retirement solutions for commission-and fee-based services that allow advisors to provide brokerage services, consultation, and advice to retirement plan sponsors. Further, the company provides other services comprising tools and services that enable advisors to maintain and grow their practices; trust, investment management oversight, and custodial services to trusts for estates and families, as well as insurance brokerage general agency services; and technology products, such as 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.Show more
- EBITDA$2.91B+38.1%
- Net Income$863M-18.5%
- EPS (Diluted)10.92-22.2%
- Gross Margin25.59%-5.9%
- EBITDA Margin17.16%+0.7%
- Operating Margin13.45%
- Net Margin5.08%-40.6%
- ROE20.86%-50.6%
LPLA Price & Volume
LPL Financial Holdings Inc. (LPLA) stock price & volume — 10-year historical chart
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Aggressive Inorganic Growth Drives Revenue Scaling Volatility
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Expanding
Profitability:Moderate
Financial:Mixed
Cash Flow:Mixed
Primary Risk:Acquisition-driven leverage volatility
Key Thesis Takeaways
- LPL Financial has successfully scaled its top-line revenue from $2.6 billion in 2023Q4 to $4.9 billion by 2026Q1 through an aggressive acquisition-led strategy.
- However, this growth trajectory is tempered by significant margin compression, with gross margins falling from 28.0% to 23.7% over the same period, and persistent integration risks evidenced by rising goodwill of $2.7 billion.
- Investors should monitor the firm's ability to maintain profitability as net interest income faces potential headwinds from shifting monetary policy and high leverage ratios.
Verdict Logic
while the firm has achieved significant scale, the forward P/E of 11.74 and the volatility in operating cash flow conversion suggest that integration risks and margin sensitivity warrant a cautious approach.
LPLA Growth Metrics
LPL Financial Holdings Inc. (LPLA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years14.8%
5 Years23.68%
3 Years25.47%
TTM-
Profit CAGR
10 Years17.73%
5 Years12.8%
3 Years0.68%
TTM-17.23%
EPS CAGR
10 Years20.16%
5 Years13.26%
3 Years1.64%
TTM-22.49%
Return on Capital
10 Years18.84%
5 Years20.64%
3 Years21.91%
Last Year19.06%
LPLA Recent Earnings
LPL Financial Holdings Inc. (LPLA) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 12/12 qtrs (100%)●Beat Revenue 10/12 qtrs (83%)
Q2 2026Latest
Apr 30, 2026Metric
Actual
Est
EPS
$5.60+2.2%
$5.48
Rev
$4.9B-0.9%
$5.0B
Q1 2026
Jan 29, 2026Metric
Actual
Est
EPS
$5.23+6.3%
$4.92
Rev
$4.9B+0.5%
$4.9B
Q4 2025
Oct 30, 2025Metric
Actual
Est
EPS
$5.20+15.8%
$4.49
Rev
$4.6B+4.6%
$4.4B
Q3 2025
Jul 31, 2025Metric
Actual
Est
EPS
$4.51+6.6%
$4.23
Rev
$3.8B+1.6%
$3.8B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 30, 2026 | $5.60vs $5.48+2.2% | $4.9Bvs $5.0B-0.9% |
| Q1 2026 | Jan 29, 2026 | $5.23vs $4.92+6.3% | $4.9Bvs $4.9B+0.5% |
| Q4 2025 | Oct 30, 2025 | $5.20vs $4.49+15.8% | $4.6Bvs $4.4B+4.6% |
| Q3 2025 | Jul 31, 2025 | $4.51vs $4.23+6.6% | $3.8Bvs $3.8B+1.6% |
Based on last 12 quarters of dataView full earnings history →
Latest LPLA News
Recent stock market news and headlines for LPL Financial Holdings Inc. (LPLA)
GlobeNewsWire·Jun 30, 2026
LPL Welcomes McCormick Private Wealth to LinscoSAN DIEGO, June 30, 2026 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisor Wayne McCormick, CFP®, CHFC® has joined Linsco by LPL Financial to launch McCormick Private Wealth. He reported serving approximately $340 million in advisory, brokerage and retirement plan assets* and joins LPL from Steward Partners.
GuruFocus·Jun 26, 2026
Is LPL Financial Holdings Inc (LPLA) a Bargain After 3.1% Drop? GF Value Says UndervaluedOn June 26, 2026, LPL Financial Holdings Inc (LPLA) shares fell 3.1% to a current price of $268.86. The stock has experienced a challenging year, with a 52-week
GlobeNewsWire·Jun 25, 2026
LPL Welcomes NorthStar Wealth AdvisorySAN DIEGO, June 25, 2026 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisor Ronald White has launched a new independent practice, NorthStar Wealth Advisors, with support from Good Life Companies, an LPL Financial-affiliated firm. The team reported serving approximately $160 million in advisory, brokerage and retirement plan assets* and joins from Raymond James.
GuruFocus·Jun 24, 2026
A Look at LPL Financial Holdings Inc (LPLA) After 4.4% Decline -- GF Value $461.37 vs Price $282.15On June 24, 2026, LPL Financial Holdings Inc (LPLA) shares fell 4.4% today, closing at $282.15. This decline is part of a broader trend, with shares down 20.8%
Peers Comparison
Key metrics vs top competitors for LPL Financial Holdings Inc. (LPLA)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $304.75 | $24.37B | 27.91 | 37.18% | 5.08% | 20.86% | 0.39% | |
| $166.41 | $32.8B | 16.16 | 7.94% | 13.13% | 16.36% | — | |
| $75.09 | $11.52B | 12.77 | 6.94% | 13.55% | 15.14% | — | |
| $0.96 | $7.22M | 0.33 | 5.81% | 100.3% | 12.95% | — | |
| $23.78 | $1.48B | 12.52 | 50.13% | 50.89% | 11.68% | — | |
| $100.62 | $176.29B | 21.59 | 6.45% | 33.26% | 25.42% | — |
Compare LPLA vs Peers
LPL Financial Holdings Inc. (LPLA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
LPLA SEC Filings & Documents
LPL Financial Holdings Inc. (LPLA) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
May 15, 2026·SEC
Material company update
Apr 30, 2026·SEC
Material company update
Jan 29, 2026·SEC
10-K Annual Reports
210-Q Quarterly Reports
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LPLA Frequently Asked Questions
LPL Financial Holdings Inc. (LPLA) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is LPL Financial Holdings Inc.'s revenue?
LPL Financial Holdings Inc. (LPLA) reported $18.26B in revenue for fiscal year 2025.
How fast is LPL Financial Holdings Inc. growing?
LPL Financial Holdings Inc. (LPLA) grew revenue by 37.2% over the past year. This is strong growth.
Is LPLA profitable?
Yes, LPL Financial Holdings Inc. (LPLA) is profitable, generating $900.9M in net income for fiscal year 2025 (5.1% net margin).
Dividend & Returns
Does LPLA pay dividends?
Yes, LPL Financial Holdings Inc. (LPLA) pays a dividend with a yield of 0.39%. This makes it attractive for income-focused investors.
What is LPLA's return on equity?
LPL Financial Holdings Inc. (LPLA) has a return on equity (ROE) of 20.9%. This is excellent, indicating efficient use of shareholder capital.
What is LPL Financial Holdings Inc.'s free cash flow?
LPL Financial Holdings Inc. (LPLA) had negative free cash flow of $1.19B in fiscal year 2025, likely due to heavy capital investments.