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

295.43 5.46 −1.81%

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

Show all line items

Columns are period end dates · fundamentals updated 2 Nov 2026

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