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) Return on invested capital

Alert me on Return on invested capital

LPL Financial Holdings Inc.'s return on invested capital over the twelve months to 30 September 2026 was 13.6%, up 3.3 percentage points from fiscal 2025 (10.3%). Over the past ten years it has ranged from 10.3% (fiscal 2025) to 45.6% (fiscal 2022) — the current reading is the lowest in ten years. That is above the Capital Markets industry median of 0.00% and above the Financial sector median of 4.70%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2025 10.3% (8.07)
FY2024 18.3% (14.14)
FY2023 32.5% (13.17)
FY2022 45.6% 26.33
FY2021 19.3% (5.84)
FY2020 25.2% (3.14)
FY2019 28.3% 3.08
FY2018 25.2% 7.19
FY2017 18.0% 0.90
FY2016 17.1% 2.69

Against its own ten years

Low 10.3% High 45.6%
Ten-year median 19.3%
Current reading's percentile 9

Return on invested capital against peers

Company Return on invested capital
LPLA LPL Financial Holdings Inc. 13.6%
TW Tradeweb Markets Inc. compare 12.1%
JEF Jefferies Financial Group Inc. compare 8.20%
NMR Nomura Holdings Inc ADR compare 5.90%
IBKR Interactive Brokers Group, Inc. compare 0.00%
EVR Evercore Inc compare 0.00%
CRCL Circle Internet Group, Inc. compare 0.00%
SF Stifel Financial Corporation compare 0.00%
BMNR BitMine Immersion Technologies, Inc. compare −49.7%
Capital Markets industry median 0.00%
Financial sector median 4.70%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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