Saturday 17 October 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. In the quarter to June 2026, revenue grew 35.2%, EPS grew 38.9%, free cash flow grew 259.6% and total debt rose 3.98%, each against the same quarter a year earlier. Dividend growth for ten consecutive years, revenue growth for five.

320.96 6.60 −2.01%

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Market cap: $25.8B
P/E: 25.5×
Fwd P/E: 15.2×
Dividend yield: 0.37%
F-score: 4/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 7.74

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	1	3	—	2	2	1	—	1	1	2	1	—

Insider Ownership 1.84%

Capital & Financial Ratios $m

Market Cap 25,790.00

Revenue 19,609.50

Net Income 1,006.87

Free Cash Flow (931.29)

Net Debt 4,328.27

Current Ratio 2.39

Debt/Equity 1.30

P/E ratio 25.49

Fwd P/E 15.20

P/S ratio 1.31

P/B ratio 4.45

Past 5Y EPS Growth 13.26%

This Y EPS Growth 16.67%

Next Y EPS Growth 29.56%

Next Y revenue growth 23.52%

Next 5Y EPS Growth 21.65%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 75.71%

10-year low 10-year high

P/S against its own 10 years 40.58%

10-year low 10-year high

P/B against its own 10 years 17.18%

10-year low 10-year high

Dividends

Payout Ratio 0.10

Annual Dividend Rate 1.20

Annual Dividend Yield 0.37%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	1.21	0.30 0.30 0.30
2025	1.20	0.30 0.30 0.30 0.30
2024	1.20	0.30 0.30 0.30 0.30
2023	1.20	0.30 0.30 0.30 0.30
2022	1.00	0.25 0.25 0.25 0.25
2021	1.00	0.25 0.25 0.25 0.25
2020	1.00	0.25 0.25 0.25 0.25
2019	1.00	0.25 0.25 0.25 0.25
2018	1.00	0.25 0.25 0.25 0.25
2017	1.00	0.25 0.25 0.25 0.25
2016	1.00	0.25 0.25 0.25 0.25

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	2,672	2,742	3,146	3,132
Receivables	1,382	1,613	2,078	2,666
Inventory	—	—	—	—
Other	—	—	—	—
	5,534	6,636	8,905	9,688

	2023	2024	2025	Q'26
Payables	2,915	2,616	3,280	3,668
ST’ Debt	—	—	—	—
Other	—	—	—	—
	3,132	2,940	3,642	4,049

Compound Annual Growth %

	10y	5y	3y
Sales	14.80%	23.68%	25.47%
Cash Flow	0.00%	0.00%	0.00%
Earnings	17.73%	12.80%	0.68%
Book Value	22.27%	32.37%	35.10%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	4,938	5,187	—	—	—
’25	3,670	3,835	4,552	4,932	16,989
’24	2,833	2,932	3,108	3,512	12,385
’23	2,418	2,469	2,522	2,644	10,053
’22	2,066	2,039	2,163	2,333	8,601
’21	1,708	1,898	2,021	2,094	7,721
’20	1,463	1,367	1,460	1,581	5,872

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	290	402	—	—	—
’25	340	193	(1,730)	785	(411)
’24	426	(179)	209	(179)	278
’23	(206)	403	173	143	513
’22	(75)	73	2,125	(177)	1,946
’21	60	(119)	258	253	453
’20	381	(43)	126	326	790

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	125	203	—	—	—
’25	220	56	(1,872)	613	(982)
’24	305	(308)	62	(344)	(285)
’23	(307)	302	78	37	109
’22	(149)	(4)	2,042	(251)	1,639
’21	19	(163)	203	177	237
’20	347	(81)	85	283	634

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	4.43	4.74	—	—	—
’25	4.24	3.40	(0.37)	3.74	10.92
’24	3.83	3.23	3.39	3.59	14.03
’23	4.24	3.65	2.91	2.85	13.69
’22	1.64	1.97	2.86	3.95	10.40
’21	1.59	1.46	1.26	1.32	5.63
’20	1.92	1.27	1.29	1.38	5.86

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	15.38	35.23	52.03	59.48	32.01	101.90	140.65	179.00	187.19	262.83	Analyst estimates 2026–2028 Powerpack
	High	43.89	57.90	73.28	94.70	105.77	176.96	271.56	257.65	336.40	403.58
People
People	Employees	3,288	3,736	4,229	4,343	4,756	5,900	6,900	8,400	9,000	10,000
	Revenue/emp, $m	1.23	1.15	1.23	1.30	1.23	1.31	1.25	1.20	1.38	1.70
Income, $m
Income, $m	Revenue	4,049	4,281	5,188	5,625	5,872	7,721	8,601	10,053	12,385	16,989
	Gross margin, %	34.43	36.32	37.54	38.62	35.82	31.79	37.09	40.10	36.38	33.00
	EBT	298	365	593	742	626	601	1,112	1,445	1,393	1,150
	EBT margin, %	7.35	8.52	11.42	13.19	10.66	7.79	12.92	14.37	11.25	6.77
	Net income	192	239	439	560	473	460	846	1,066	1,059	863
	Depreciation	120	127	152	166	182	236	294	363	455	652
Per share, $
Per share, $	Revenue	45.46	47.57	58.88	68.14	74.10	96.51	107.78	130.88	165.77	215.93
	Earnings	2.15	2.65	4.99	6.78	5.96	5.75	10.60	13.88	14.17	10.97
	Cash flow	4.37	5.04	6.60	7.56	9.97	5.66	24.38	6.67	3.72	(5.23)
	Capex	(1.43)	(1.24)	(1.51)	(1.89)	(1.96)	(2.70)	(3.84)	(5.25)	(7.53)	(7.25)
	Free cash flow	2.93	3.79	5.09	5.66	8.01	2.96	20.54	1.42	(3.81)	(12.48)
	Book value	9.22	10.72	11.05	12.40	16.59	20.88	27.16	27.07	39.22	67.93
	Shares, m	89	90	88	83	79	80	80	77	75	79
Valuation, ×
Valuation, ×	P/E	16.49	21.50	12.24	13.63	17.46	27.79	20.49	16.67	23.06	32.24
	P/S	0.78	1.20	1.04	1.35	1.41	1.66	2.02	1.76	1.97	1.65
	P/B	3.86	5.33	5.53	7.44	6.28	7.67	8.00	8.53	8.32	5.26
	EV/Sales	0.94	1.38	1.19	1.52	1.49	1.75	1.96	1.87	2.19	1.90
	EV/FCF	14.50	17.27	13.78	18.24	13.81	56.93	10.29	171.83	(95.27)	(32.81)
Cash, $m
Cash, $m	Operating cash flow	389	453	582	624	790	453	1,946	513	278	(411)
	Capex	(128)	(112)	(133)	(156)	(156)	(216)	(307)	(403)	(563)	(570)
	Free cash flow	261	341	449	467	634	237	1,639	109	(285)	(982)
Balance, $m
Balance, $m	Working capital	752	743	686	637	1,246	1,860	2,114	2,402	3,695	5,263
	Total debt	2,176	2,386	2,372	2,399	2,345	2,814	2,717	3,734	5,495	7,259
	Net debt	617	748	805	910	504	692	(472)	1,062	2,753	4,112
	Shareholders’ equity	821	965	974	1,024	1,315	1,671	2,168	2,079	2,931	5,344
Returns, %
Returns, %	ROA	4.10	4.69	8.11	9.86	7.58	6.30	9.68	10.73	8.93	5.43
	ROIC	17.12	18.02	25.21	28.29	25.15	19.31	45.64	32.47	18.33	10.26
	ROE	24.98	26.75	45.33	56.05	40.42	30.81	44.07	50.22	42.26	20.86

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
IBKR Interactive Brokers Group, Inc.	$39.0B	32.7×	34.0×	+28.11% (above 0%: growing)	+37.25% (above 0%: growing)	−13.01% (below 0%: shrinking)	92.51%	77.32%	Compare
NMR Nomura Holdings Inc ADR	$27.1B	9.4×	10.7×	+10.87% (above 0%: growing)	+106.67% (above 0%: growing)	+688.81% (above 0%: growing)	94.58%	70.80%	Compare
TW Tradeweb Markets Inc.	$26.2B	27.0×	29.3×	+8.96% (above 0%: growing)	+18.06% (above 0%: growing)	−5.23% (below 0%: shrinking)	100.00%	43.88%	Compare
LPLA LPL Financial Holdings Inc.	$25.8B	25.5×	15.2×	+35.24% (above 0%: growing)	+38.89% (above 0%: growing)	+259.62% (above 0%: growing)	31.38%	11.90%
CRCL Circle Internet Group, Inc.	$22.2B	43.0×	97.9×	+6.57% (above 0%: growing)	n/m	+113.54% (above 0%: growing)	41.19%	4.90%	Compare
XP XP Inc.	$15.5B	15.1×	7.5×	+22.04% (above 0%: growing)	+23.26% (above 0%: growing)	−127.08% (below 0%: shrinking)	100.00%	34.50%	Compare
BMNR BitMine Immersion Technologies, Inc.	$14.1B	— (loss-making)	— (loss-making)	+2,167.79% (above 0%: growing)	n/m	−126,594.81% (below 0%: shrinking)	87.70%	(25.50%)	Compare
IREN IREN Limited	$12.3B	— (loss-making)	1,228×	−26.73% (below 0%: shrinking)	n/m	+705.74% (above 0%: growing)	75.71%	(585.97%)	Compare
FUTU Futu Holdings Limited Sponsored ADR	$10.5B	10.3×	10.9×	+35.71% (above 0%: growing)	+42.98% (above 0%: growing)	+443.45% (above 0%: growing)	86.31%	61.99%	Compare
Median of peers	$18.9B	21.1×	29.3×	+16.46%	+37.25%	+54.16%	90.11%	39.19%

All 93 Capital Markets stocks →

LPL Financial Holdings Inc. (LPLA) key facts

Concern: Net income was $863.0 million, or $10.97 per share (basic), a net margin of 5.08%.
Strength: LPL Financial Holdings Inc.’s revenue for fiscal 2025 (year ended December 2025) was $17.0 billion, up 37.2% from fiscal 2024.
LPL Financial Holdings Inc. (LPLA) is a Capital Markets company in the Financial sector, listed on Nasdaq.
As of October 16, 2026, LPLA traded at $320.96, a market capitalization of $25.8 billion.
At that price the stock trades at 25.5× trailing-twelve-month earnings and 1.3× sales; its P/E is higher than 76% of its own readings over the past ten years.
LPL Financial Holdings Inc. pays an annual dividend of $1.20 per share, a yield of 0.37%, with a payout ratio of 9.57%.
Return on equity was 20.9% and debt-to-equity 1.30.
Its Piotroski F-score is 4 out of 9 for fiscal 2025.