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

LPL Financial Holdings Inc. (LPLA) Operating margin

Alert me on Operating margin

LPL Financial Holdings Inc.'s operating margin over the twelve months to 30 September 2026 was 11.3%, up 2.1 percentage points from fiscal 2025 (9.14%). Over the past ten years it has ranged from 7.99% (fiscal 2015) to 16.2% (fiscal 2023); the current reading is higher than 18% of that period. That is above the Capital Markets industry median of 0.00% and above the Financial sector median of 0.00%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 9.14% (4.32)
FY2024 13.5% (2.77)
FY2023 16.2% 1.84
FY2022 14.4% 4.93
FY2021 9.46% (3.00)
FY2020 12.5% (3.10)
FY2019 15.6% 1.73
FY2018 13.8% 2.29
FY2017 11.5% 1.81
FY2016 9.73% 1.74

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 11.1% (0.84)
Jun 2026 11.9% 0.06
Mar 2026 11.8% 1.64
Dec 2025 10.2% 8.61
43 more quarters

Against its own ten years

Low 7.99% High 16.2%
Ten-year median 12.5%
Current reading's percentile 37

Operating margin against peers

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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