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LPLA US​
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LPL Financial Holdings Inc.(LPLA US)

$283.74+4.201.50%Ext:$289.32+5.581.97%(Market Closed · 23:59:32 UTC)
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ProfileEntity Structure

Documents

SEC Filings

Financials & Metrics

FinancialsChartingShort InterestEmployees

LPL Financial Holdings Inc. — Company Profile

LPL Financial Holdings Inc., operating through its subsidiaries, delivers an integrated ecosystem of brokerage and investment advisory solutions. These services are primarily aimed at independent financial professionals and advisors affiliated with financial institutions across the United States. The firm's brokerage division offers a diverse range of financial instruments, encompassing various annuities (both variable and fixed), mutual funds, equities, and savings vehicles for retirement and education. It also includes fixed income products, insurance, and specialized alternative investments such as non-traded real estate investment trusts and auction rate notes. Furthermore, LPL provides advanced advisory platforms that facilitate access to mutual funds, exchange-traded funds (ETFs), stocks, bonds, specific option strategies, unit investment trusts, institutional money managers, and no-load multi-manager variable annuities. The company also extends its offerings to include money market programs and versatile retirement solutions. These solutions support both commission-based and fee-based services, empowering advisors to furnish brokerage services, consultation, and strategic advice to retirement plan sponsors. Additional services encompass essential tools designed to help advisors maintain and grow their practices. LPL also offers trust, investment management oversight, and custodial services tailored for estates and families, alongside insurance brokerage general agency services. Complementing these are sophisticated technology products, including proposal generation, investment analytics, and portfolio modeling capabilities. Founded in San Diego, California, in 1989, the company initially operated as LPL Investment Holdings Inc. before officially changing its name to LPL Financial Holdings Inc. in June 2012.

Sector
Financial Services
Industry
Financial - Capital Markets
Exchange
UQ
CEO
Richard Steinmeier
Headquarters
San Diego, CA, US
IPO Date
Nov 18, 2010
Employees
10,081
Website
www.lpl.com

Key Metrics

Price
$316.44
Market Cap
$25.31B
Revenue (TTM)
$4.94B
Net Income (TTM)
$356.40M
EPS (TTM)
4.45
P/E (TTM)
28.10
P/B (TTM)
4.45
Dividend Yield
41.69%
ROE (TTM)
6.27%
ROA (TTM)
1.89%
Operating Margin
13.08%
Beta
0.57

Dividends

Last Dividend
$0.30
Last Yield
0.42%

Summary

LPL Financial Holdings Inc., operating through its subsidiaries, delivers an integrated ecosystem of brokerage and investment advisory solutions. These services are primarily aimed at independent financial professionals and advisors affiliated with financial institutions across the United States. The firm's brokerage division offers a diverse range of financial instruments, encompassing various annuities (both variable and fixed), mutual funds, equities, and savings vehicles for retirement and education. It also includes fixed income products, insurance, and specialized alternative investments such as non-traded real estate investment trusts and auction rate notes. Furthermore, LPL provides advanced advisory platforms that facilitate access to mutual funds, exchange-traded funds (ETFs), stocks, bonds, specific option strategies, unit investment trusts, institutional money managers, and no-load multi-manager variable annuities. The company also extends its offerings to include money market programs and versatile retirement solutions. These solutions support both commission-based and fee-based services, empowering advisors to furnish brokerage services, consultation, and strategic advice to retirement plan sponsors. Additional services encompass essential tools designed to help advisors maintain and grow their practices. LPL also offers trust, investment management oversight, and custodial services tailored for estates and families, alongside insurance brokerage general agency services. Complementing these are sophisticated technology products, including proposal generation, investment analytics, and portfolio modeling capabilities. Founded in San Diego, California, in 1989, the company initially operated as LPL Investment Holdings Inc. before officially changing its name to LPL Financial Holdings Inc. in June 2012.

Website
www.lpl.com
Location
San Diego, CA, US
Phone800 877 7210
Employees10,081
CEORichard Steinmeier
SectorFinancial Services
IndustryFinancial - Capital Markets
IPO DateNov 18, 2010

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Latest Documents

SEC Filings(1.8K)

Expand
  • 10-QQ3ended 30 Sept 202629 Oct
  • 8-KResults of Operations and Financial Condition27 Oct
  • 4Statement of changes in beneficial ownership14 Sep
  • 144Reeping Katharine11 Sep
  • 4Statement of changes in beneficial ownership8 Sep
  • 4Statement of changes in beneficial ownership1 Sep
  • 4Statement of changes in beneficial ownership1 Sep
  • 4Statement of changes in beneficial ownership1 Sep
  • 4Statement of changes in beneficial ownership1 Sep
  • 4Statement of changes in beneficial ownership1 Sep
  • 4Statement of changes in beneficial ownership1 Sep
  • 4Statement of changes in beneficial ownership1 Sep
  • 4Statement of changes in beneficial ownership31 Aug
  • 144Jambusaria Aneri27 Aug
  • 4Statement of changes in beneficial ownership21 Aug
  • 144Gates Greg20 Aug
  • SC 13GLPL Financial Holdings Inc.13 Aug
  • SC 13GLPL Financial Holdings Inc.4 Aug
  • 4Statement of changes in beneficial ownership4 Aug
  • 4Statement of changes in beneficial ownership4 Aug

News

  • LPL Financial Welcomes Anchor Financial Partners29 Oct
  • LPL Financial Holdings Inc. (LPLA) Q3 2026 Earnings Call Transcript27 Oct
  • Here's What Key Metrics Tell Us About LPL Financial (LPLA) Q3 Earnings27 Oct
  • What LPL Financial (LPLA) Said on Its Q3 Earnings Call27 Oct
  • LPL Financial Holdings Inc. (LPLA) Beats Q3 Earnings Estimates27 Oct
  • LPL Financial Announces Third Quarter 2026 Results27 Oct
  • LPL Financial Welcomes Advisor Matt Griggs27 Oct
  • Kinetic Wealth Joins LPL's Independent Advisor Network22 Oct
  • LPL Financial Holdings Inc. (LPLA) Earnings Expected to Grow: Should You Buy?20 Oct
  • LPL Financial Welcomes Prince Financial Services14 Oct
  • Economos Private Wealth Joins LPL's Independent Advisor Network13 Oct
  • Perpetual Ltd Sells 7,576 Shares of LPL Financial Holdings Inc. $LPLA13 Oct
  • LPL Financial Welcomes Legacy Financial Group7 Oct
  • LPL Financial Announces Third Quarter 2026 Earnings Release Date and Conference Call6 Oct
  • LPL Financial (NASDAQ:LPLA) Stock Rating Reaffirmed as “Market Outperform” by Citizens Jmp5 Oct
  • LPL Financial Welcomes Praxis Financial Partners5 Oct
  • Comparing LPL Financial (NASDAQ:LPLA) and Hercules Capital (NYSE:HTGC)4 Oct
  • LPL Financial Welcomes Lakewood Wealth Management30 Sep
  • Will LPL Financial's Asset-Gathering Strategy Continue to Pay Off?25 Sep
  • LPL Financial Reports Monthly Activity for August 202624 Sep

Mentions in Filings

  • … oy similarly skilled personnel, including CME Group, Inc., Compagnie Financière Tradition SA, Evercore Inc., Houlihan Lokey, Inc., Interactive Brokers Group, Inc., Intercontinental Exchange, Inc., Lazard, Inc., <strong>LPL Financial Holdings Inc.</strong>, MarketAxess Holdings, Inc., Nasdaq, Inc., Oppenheimer Holdings Inc., Piper Sandler Companies, Raymond James Financial, Inc., The Charles Schwab Corporation, Stifel Financial Corp., TP ICAP Group plc, Tradeweb M …
    BGC Group, Inc.LPL Financial Holdings Inc.·DEF 14A - PROXY STATEMENT·Q4 26·8 Oct
  • … Procurement (2020-2022), Interim Chief Financial Officer (2020), and Financial Consultant contractor (2018-2020). Ms. Carsley previously served as Treasurer and Executive Vice President of Corporate Development at <strong>LPL Financial Holdings</strong>, Inc. (Nasdaq: LPLA), a provider of investment and business solutions for independent financial advisors, from 2015 to 2017. Earlier in her career, Ms. Carsley spent more than a decade at Microsoft Corporation (Na …
    JACK HENRY & ASSOCIATES INCLPL Financial Holdings Inc.·DEF 14A - Definitive proxy statement·Q4 26·2 Oct
  • … en elected as an independent director to Valero’s board of directors (the “Board”) and has joined the Board’s Audit Committee, effective immediately. Mr. Audette is the President and Chief Financial Officer of <strong>LPL Financial Holdings Inc.</strong> (NASDAQ: LPLA, “LPL”), a publicly traded company that serves the financial advisor-mediated marketplace as the nation’s largest independent broker-dealer, a leading investment advisory firm, and a top custodian. …
    VALERO ENERGY CORP/TXLPL Financial Holdings Inc.·EX-99.01 - 8-K - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers·Q3 26·18 Sep
  • … sel and Secretary, RLJ Lodging Trust(2) (2023-2025); Executive Vice President, General Counsel and Secretary, Tanger Factory Outlet Centers, Inc.(2) (2011-2023); Executive Vice President and Deputy General Counsel, <strong>LPL Financial Holdings Inc.</strong>(2) (2006-2011); Senior Corporate Counsel, EMC Corporation (2005- 2006); Associate, Ropes & Gray LLP (1997- 2005) | 65 | Director, Great Elm Capital Corp. (business development company) (since 2022) | 5 --- …
    GOVERNMENT CASH MANAGEMENT PORTFOLIOLPL Financial Holdings Inc.·POS AMI - GOVERNMENT CASH MANAGEMENT PORTFOLIO·Q4 26·29 Oct
  • … | | | | --- | --- | | Name and Address | Percentage | | CHARLES SCHWAB & CO., INC. 2423 E LINCOLN DRIVE PHOENIX, AZ 85016-1215 | 18.52% | | MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED 4804 DEER LAKE DR E JACKSONVILLE, FL 32246 | 13.95% | | PERSHING LLC ONE PERSHING PLAZA JERSEY CITY, NJ 07399 | 7.98% | | AMERICAN ENTERPRISE INVESTMENT SERVICES 690 AMERIPRISE FINANCIAL CENTER MINNEAPOLIS, MN 55474 | 5.46% | U.S. Equity Income ETF: | | | | …
    Columbia ETF Trust ILPL Financial Holdings Inc.·497 - Definitive materials (investment companies)·Q4 26·28 Oct
  • … n Independent Director Director Since: 2019 Term Expires: 2027 Age: 56 Board Committees •Compensation (Chair) Education •A.B., Women’s Studies, Harvard University •MBA, Harvard Business School Board Experience •<strong>LPL Financial Holdings Inc.</strong> (Nasdaq: LPLA) (since 2018) •Fleetmatics Group PLC (previously NYSE: FLTX) (2014-2016) | | Board Qualifications Ms. Mnookin is an accomplished senior technology executive in cloud and enterprise software. She ha …
    BILL Holdings, Inc.LPL Financial Holdings Inc.·DEF 14A - Definitive proxy statement·Q2 27·27 Oct

Key Stats

Trading

Px/Chg 1D$316.44 / +1.37%
Avg Volume1.01M
Beta0.57
Mkt Cap25.31B
FD Mkt Cap29.62B

Float

Shrs Out/Float79.98M / 79.55M
Short Float0.05%
Days to Cover3.23
Stock Repurchased$0.00

Current Valuation

EV30.30B
EV/EBITDA13.16
EV/Sales1.66
P/B4.45
P/S1.39
FCF Yield0.53%
ROE6.27%
ROA1.89%
Current Ratio24.24

Dividend

Cash$0.30
Yield41.69%
Yield (TTM)41.69%

Estimates

P/E28.10
Est P/EN/A
Est EPSN/A
Est PEGN/A

Valuation

Metric5Yr AvgMay '23May '24May '25May '26Oct '26
PRICE-BASED RATIOS
Price / Earnings43.7719.9519.1223.9284.8271.01
Price / Sales3.271.962.032.045.175.13
Price / Book Value7.097.789.818.644.774.45
Price / Free Cash Flow69.5810.29186.52-88.8852.03187.96
ENTERPRISE VALUE METRICS
Enterprise Value26,998.318,973.223,888.930,107.431,727.030,295.2
Enterprise Value / Sales3.922.212.382.436.436.13
Enterprise Value / EBITDA24.9312.4412.0314.2645.9439.97
Enterprise Value / EBIT32.5815.3314.6418.0663.0551.80

Financials

Full Financials
Millions USD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue21.8%7,720.88,600.810,052.812,385.116,989.5
Gross Income26.2%1,713.72,369.23,051.43,369.44,347.3
EBITDA23.6%936.41,525.31,985.82,110.82,182.9
EBIT21.8%705.71,237.91,631.61,667.11,552.9
Net Income17%459.9845.71,066.31,058.6863.0
EPS (Diluted)18%5.6310.4013.6914.0310.92
BALANCE SHEET
Cash & ST Inv21.7%514.9884.3541.81,009.31,128.9
Total Assets23.3%7,991.69,482.210,385.513,317.418,492.8
Total Liabilities20.1%6,321.17,314.78,306.510,386.813,148.3
Total Shareholder Equity33.7%1,670.52,167.62,079.02,930.65,344.5
CASH FLOW
Net Operating Cash Flow—453.11,945.6512.6277.6-423.0
Cap Ex27.5%-216.0-306.6-403.3-562.5-570.4
Free Cash Flow—237.11,639.0109.3-284.9-993.4

Enterprise Value Bridge

Millions USD23 Oct '26
Price (As of 23 Oct '26)315.43
Basic Shares79.98
Market Cap25,228.6
Diluted Shares78.97
Fully Diluted Shares Outstanding78.97
Fully Diluted Market Cap24,908.5
+Consolidated Debt-
−In-the-Money Convertible Debt—
+Capital Leases-
+Operating Leases—
−Cash & Equivalents-1,059.0
−Short-term Investments-155.3
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest-
+Pension Liabilities—
Enterprise Value24,169.6

Segment data

Revenue

by Products and services

  • Asset-based Revenue50%
  • Money Market Cash Sweep Revenue26%
  • Recordkeeping Revenues13%
  • Sponsorship Programs12%

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