Friday 6 November 2026 Export LPLA’s income statement to Excel — free account

LPL Financial Holdings Inc.

LPL Financial Holdings Inc.’s revenue for fiscal 2025 (year ended December 2025) was $17.0 billion, up 37.2% from fiscal 2024.

Revenue: +17.4%
EPS: +1,325.2%
Free cash flow: +103.6%
Total debt: +3.74%

Quarter to September 2026, against a year earlier

297.76 3.13 −1.04%

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Market cap: $23.4B
P/E: 17.2×
Fwd P/E: 15.2×
Dividend yield: 0.40%
F-score: 4/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Valuation Filings

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
P/E ratio Full definition →	16.49	21.50	12.24	13.63	17.46	27.79	20.49	16.67	23.06	32.24
Piotroski F-Score Full definition →	7	5	8	8	6	4	7	7	5	4
P/S ratio Full definition →	0.78	1.20	1.04	1.35	1.41	1.66	2.02	1.76	1.97	1.65
P/FCF ratio Full definition →	12.14	15.08	11.99	16.29	13.02	54.01	10.58	162.11	0.00	0.00
P/Operating CF Full definition →	25.01	15.61	13.96	66.74	25.31	50.53	(98.17)	124.33	(136.45)	35.80
P/B ratio Full definition →	3.86	5.33	5.53	7.44	6.28	7.67	8.00	8.53	8.32	5.26
Price to Tangible BV Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	177.95	0.00	0.00	0.00
EV/Sales Full definition →	0.94	1.38	1.19	1.52	1.49	1.75	1.96	1.87	2.19	1.90
EV/EBITDA Full definition →	7.38	9.50	7.11	8.19	9.58	13.97	11.01	9.42	12.79	14.61
EV/Operating CF Full definition →	9.74	13.01	10.64	13.66	11.09	29.79	8.67	36.65	97.80	(78.30)
EV/FCF Full definition →	14.50	17.27	13.78	18.24	13.81	56.93	10.29	171.83	(95.27)	(32.81)
Quick Ratio Full definition →	1.33	1.28	1.19	1.09	1.31	1.36	1.28	1.29	1.48	1.43
Current Ratio Full definition →	1.44	1.39	1.34	1.29	1.59	1.75	1.60	1.77	2.26	2.45
Net Debt/EBITDA Full definition →	1.20	1.21	0.93	0.87	0.55	0.72	(0.31)	0.53	1.30	1.87
Debt/Assets Full definition →	45.00%	44.53%	43.30%	40.80%	35.56%	35.21%	28.66%	35.96%	41.26%	39.25%
Debt/Equity Full definition →	2.65	2.47	2.44	2.34	1.78	1.68	1.25	1.80	1.87	1.36
Asset Turnover Full definition →	0.87	0.84	0.96	0.99	0.94	1.06	0.98	1.01	1.05	1.07
Operating CF/Net income Full definition →	2.03	1.90	1.32	1.11	1.67	0.99	2.30	0.48	0.26	(0.48)
Capex/Depreciation Full definition →	(1.07)	(0.88)	(0.87)	(0.94)	(0.85)	(0.91)	(1.04)	(1.11)	(1.24)	(0.88)
Interest Coverage Full definition →	4.08	4.62	5.74	6.73	6.92	6.99	9.81	8.73	6.08	3.85
ROE Full definition →	24.98%	26.75%	45.33%	56.05%	40.42%	30.81%	44.07%	50.22%	42.26%	20.86%
ROA Full definition →	4.10%	4.69%	8.11%	9.86%	7.58%	6.30%	9.68%	10.73%	8.93%	5.43%
ROIC Full definition →	17.12%	18.02%	25.21%	28.29%	25.15%	19.31%	45.64%	32.47%	18.33%	10.26%
Return on Tangible Assets Full definition →	16.84%	20.67%	38.31%	47.86%	25.84%	18.26%	29.22%	31.97%	21.58%	12.93%
Average Days of Receivables Full definition →	63.63	65.59	58.28	59.08	58.27	59.70	54.98	50.18	47.54	44.64
Research and Development Expense of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →	19.50%	19.67%	18.56%	18.16%	18.62%	17.65%	17.68%	18.26%	17.58%	18.86%
Intangible Assets out of Total Assets Full definition →	0.36	0.34	0.36	0.33	0.29	0.26	0.22	0.24	0.27	0.32
Share Based Compensation of Revenue Full definition →	0.61%	0.67%	0.56%	0.58%	0.58%	0.57%	0.61%	0.68%	0.74%	0.47%
Graham Net Nets Full definition →	(0.49)	(0.34)	(0.34)	(0.26)	(0.23)	(0.15)	(0.10)	(0.16)	(0.15)	(0.15)
Graham Number Full definition →	21.17	25.33	35.23	43.47	47.21	52.02	80.49	91.81	111.79	130.13
Earnings Yield Full definition →	6.07%	4.65%	8.17%	7.34%	5.73%	3.60%	4.88%	6.00%	4.34%	3.10%
Free Cash Flow Yield Full definition →	8.24%	6.63%	8.34%	6.14%	7.68%	1.85%	9.46%	0.62%	(1.17%)	(3.49%)
Revenue per Share Full definition →	45.46	47.57	58.88	68.14	74.10	96.51	107.78	130.88	165.77	215.93
Operating CF per Share Full definition →	4.37	5.04	6.60	7.56	9.97	5.66	24.38	6.67	3.72	(5.23)
Capex per Share Full definition →	(1.43)	(1.24)	(1.51)	(1.89)	(1.96)	(2.70)	(3.84)	(5.25)	(7.53)	(7.25)
Free Cash Flow per Share Full definition →	2.93	3.79	5.09	5.66	8.01	2.96	20.54	1.42	(3.81)	(12.48)
Cash per Share Full definition →	17.50	18.20	17.78	18.04	23.24	26.52	39.97	34.79	36.69	39.99
Shareholders Equity per Share Full definition →	9.22	10.72	11.05	12.40	16.59	20.88	27.16	27.07	39.22	67.93
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	9.22	10.72	11.05	12.40	16.59	20.88	27.16	27.07	39.22	67.93
Free Cash Flow Full definition →	261.29	341.41	448.89	467.48	634.41	237.15	1,638.98	109.33	(284.94)	(981.78)
Working Capital Full definition →	752.04	742.71	685.69	636.85	1,246.01	1,859.55	2,113.89	2,402.12	3,695.44	5,263.36
Capital Expenditures Full definition →	(127.65)	(111.90)	(132.69)	(156.39)	(155.53)	(215.99)	(306.60)	(403.29)	(562.53)	(570.38)
Net Current Asset Value Full definition →	(1,554.84)	(1,767.02)	(1,809.18)	(2,014.73)	(1,914.87)	(1,972.77)	(1,706.18)	(2,772.37)	(3,751.02)	(4,242.85)
EV/EBIT Full definition →	9.62	11.94	8.62	9.74	11.97	18.49	13.62	11.51	16.28	20.74
Capex to Sales Full definition →	0.03	0.03	0.03	0.03	0.03	0.03	0.04	0.04	0.05	0.03
Price to Operating Income Full definition →	8.05	10.42	7.50	8.70	11.29	17.54	14.00	10.86	14.63	18.10
Other line items
Depreciation/Fixed assets Full definition →	0.31	0.31	0.33	0.31	0.31	0.36	0.38	0.39	0.38	0.46
Cash ROIC Full definition →	5.74%	6.84%	9.14%	9.52%	11.53%	3.59%	20.30%	1.29%	(2.55%)	(6.23%)
Accounts Receivable Turnover Full definition →	5.84	5.80	6.49	6.47	6.36	7.02	6.72	7.51	8.27	9.21
Accounts Payable Turnover Full definition →	2.18	1.95	2.17	2.15	2.07	2.51	1.95	1.94	2.85	3.86
Inventory Turnover Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Average Days of Payables Full definition →	180.41	197.89	169.59	180.65	187.27	157.08	222.02	176.72	121.20	105.20
Days of Inventory on Hand Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Average Receivables Full definition →	693.21	737.69	798.94	869.44	923.90	1,100.12	1,279.24	1,338.79	1,497.56	1,845.40
Average Payables Full definition →	1,220.14	1,395.32	1,492.04	1,607.31	1,821.12	2,099.88	2,778.84	3,103.39	2,765.91	2,948.39
Average Assets Full definition →	4,677.99	5,096.84	5,418.11	5,678.85	6,238.20	7,293.88	8,736.91	9,933.85	11,851.44	15,905.08
Average Common Equity Full definition →	768.30	893.00	969.54	998.97	1,169.36	1,492.69	1,919.04	2,123.27	2,504.79	4,137.54

Show all line items

Columns are period end dates · fundamentals updated 2 Nov 2026

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