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

LPL Financial Holdings Inc.

LPLA Financial Capital Markets

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

301.16 10.32 −3.31%
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
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Valuation Filings

LPL Financial Holdings Inc. (LPLA) Gross margin

Alert me on Gross margin

LPL Financial Holdings Inc.'s gross margin over the twelve months to 30 September 2026 was 31.5%, down 1.5 percentage points from fiscal 2025 (33.0%). Over the past ten years it has ranged from 31.8% (fiscal 2015) to 40.1% (fiscal 2023); the current reading is higher than 27% of that period. That is below the Capital Markets industry median of 68.2% and below the Financial sector median of 70.1%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 33.0% (3.38)
FY2024 36.4% (3.72)
FY2023 40.1% 3.01
FY2022 37.1% 5.30
FY2021 31.8% (4.03)
FY2020 35.8% (2.80)
FY2019 38.6% 1.08
FY2018 37.5% 1.22
FY2017 36.3% 1.89
FY2016 34.4% 2.67

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 31.1% (0.28)
Jun 2026 31.4% (0.85)
Mar 2026 32.2% 0.94
Dec 2025 31.3% (1.30)
43 more quarters

Against its own ten years

Low 31.8% High 40.1%
Ten-year median 36.3%
Current reading's percentile 5

Gross margin against peers

Company Gross margin
TW Tradeweb Markets Inc. compare 100.0%
EVR Evercore Inc compare 99.8%
SF Stifel Financial Corporation compare 99.0%
JEF Jefferies Financial Group Inc. compare 98.2%
NMR Nomura Holdings Inc ADR compare 95.3%
IBKR Interactive Brokers Group, Inc. compare 93.4%
BMNR BitMine Immersion Technologies, Inc. compare 84.4%
LPLA LPL Financial Holdings Inc. 31.5%
CRCL Circle Internet Group, Inc. compare 0.00%
Capital Markets industry median 68.2%
Financial sector median 70.1%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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