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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

297.68 3.21 −1.07%
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) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, LPL Financial Holdings Inc. (LPLA) trades at a P/B ratio of 4.1×. Over the past ten years it has ranged from 2.2× (February 2016) to 10.7× (November 2022); the current reading is higher than 11% of that period. That is above the Capital Markets industry median of 1.4× and above the Financial sector median of 1.3×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 5.3× (36.83%)
FY2024 8.3× (2.36%)
FY2023 8.5× 6.61%
FY2022 8.0× 4.31%
FY2021 7.7× 22.06%
FY2020 6.3× (15.55%)
FY2019 7.4× 34.61%
FY2018 5.5× 3.58%
FY2017 5.3× 38.09%
FY2016 3.9× (31.96%)

Quarterly newest first

Period P/B ratio Change
Sep 2026 4.1× 6.00%
Jun 2026 3.9× (7.90%)
Mar 2026 4.2× (19.39%)
Dec 2025 5.3× (0.39%)
43 more quarters

Against its own ten years

Low 2.2× High 10.7×
Ten-year median 6.0×
Current reading's percentile 10

P/B ratio against peers

Company P/B ratio
JEF Jefferies Financial Group Inc. compare 0.9×
BMNR BitMine Immersion Technologies, Inc. compare 0.9×
NMR Nomura Holdings Inc ADR compare 1.1×
IBKR Interactive Brokers Group, Inc. compare 1.9×
SF Stifel Financial Corporation compare 2.0×
TW Tradeweb Markets Inc. compare 3.7×
LPLA LPL Financial Holdings Inc. 4.1×
CRCL Circle Internet Group, Inc. compare 4.6×
EVR Evercore Inc compare 5.1×
Capital Markets industry median 1.4×
Financial sector median 1.3×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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