YOLFTbeta
LPL Financial Holdings Inc

LPL Financial Holdings Inc

LPLA · NASDAQ · Financial Services / Capital Markets

292.46USD+0.19 (+0.07%)

Price History

Full chart

Market Stats

Previous Close292.27
Open292.67
Day Range284.03 – 293.68
52-Week Range259.94 – 399.03
Volume1.14M
Market Cap25.01B
P/E (TTM)25.26
Forward P/E11.40
EPS12.57
Dividend Yield0.38%
Beta0.54
50-Day Avg335.24
200-Day Avg323.88

About

LPL Financial Holdings Inc., together with its subsidiaries, provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at institutions in the United States. The company's brokerage offerings include variable and fixed annuities, mutual funds, equities, fixed income, alternative investments, retirement and 529 education savings plans, and insurance; and client cash programs consist of Federal Deposit Insurance Corporation (FDIC) insured bank sweep vehicles, and a client cash and money market account. It also provides fee-based platforms that provide access to mutual funds, exchange traded funds, stocks, bonds, certain options strategies, unit investment trusts, institutional money managers, and no-load multi-manager variable annuities. In addition, the company offers retirement solutions for commission and fee-based services that allow advisors to provide brokerage services, consultation, and advice to retirement plan sponsors. Further, it provides other services comprising tools and services that enable advisors to maintain and grow their practices; trust, investment management oversight, and custodial services for estates and families; an advisor-facing trading and portfolio rebalancing platform; insurance brokerage general agency services; and technology products, including proposal generation, investment analytics, and portfolio modeling. The company was formerly known as LPL Investment Holdings Inc. and changed its name to LPL Financial Holdings Inc. in June 2012. LPL Financial Holdings Inc. was founded in 1989 and is based in San Diego, California.

Company Details

  • SectorFinancial Services
  • IndustryCapital Markets
  • CEOMr. Richard Steinmeier
  • Employees10.08K
  • Headquarters4707 Executive Drive, San Diego, CA, United States, 92121, USA
  • Websitehttps://www.lpl.com

Leadership

  • Mr. Richard SteinmeierCEO & Director · b. 1974
  • Mr. Matthew Jon Audette B.S.President & CFO · b. 1975
  • Mr. Matthew K. EnyediMD & Chief Client Officer · b. 1974
  • Ms. Aneri Jambusaria CFPGroup MD & Chief Wealth Officer · b. 1984
  • Mr. Greg GatesGroup MD and Chief Product & Technology Officer · b. 1977
  • Ms. Judith Kohoskie RickettsExecutive Vice President of Operations
  • Mr. Marc Andrew Zabicki C.F.A.Chief Investment Officer
  • Ms. Katharine ReepingSenior VP, Controller & Chief Accounting Officer · b. 1978
  • Mr. Jonathan LewisChief Technology & Information Officer
  • Mr. Matthew Edwin Morningstar J.D.Group MD & Chief Legal Officer · b. 1976

Financials

Income Statement

Currency: USD2005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue1.41B1.74B2.72B3.12B2.75B3.11B3.48B3.66B4.14B4.37B4.28B4.05B4.28B5.19B5.62B5.87B7.72B8.60B10.05B12.39B16.99B
Growth (%)-+23.64%+56.13%+14.72%-11.77%+13.24%+11.75%+5.22%+13.10%+5.62%-2.25%-5.28%+5.73%+21.18%+8.41%+4.39%+31.49%+11.40%+16.88%+23.20%+37.18%
Cost of Revenue1.14B1.37B2.19B2.51B2.18B2.71B2.77B2.91B3.29B3.47B3.36B3.09B3.18B3.75B4.01B4.38B6.01B6.23B7.00B9.02B12.64B
Gross Profit265.62M371.43M523.90M610.13M574.49M407.30M708.83M749.55M847.05M904.12M917.68M957.69M1.10B1.44B1.62B1.49B1.71B2.37B3.05B3.37B4.35B
Gross Margin18.87%21.35%19.29%19.58%20.89%13.08%20.37%20.47%20.46%20.67%21.47%23.65%25.64%27.77%28.73%25.45%22.20%27.55%30.35%27.21%25.59%
Operating Expense147.51M191.16M292.57M384.47M342.31M353.84M335.97M422.01M466.15M519.29M564.02M563.70M603.91M723.36M741.11M762.21M983.57M1.13B1.42B1.70B2.06B
Operating Income118.11M180.27M231.33M225.66M232.18M53.46M372.86M327.54M380.90M384.83M353.66M393.99M494.00M717.66M874.99M731.84M730.14M1.24B1.63B1.67B2.28B
Operating Margin8.39%10.36%8.52%7.24%8.44%1.72%10.72%8.95%9.20%8.80%8.27%9.73%11.54%13.83%15.56%12.46%9.46%14.39%16.23%13.46%13.45%
EBITDA135.97M245.62M309.40M308.79M281.79M87.59M424.19M377.21M426.25M443.08M453.31M507.96M593.96M865.57M1.03B908.93M936.43M1.53B1.99B2.11B2.18B
EBITDA Margin9.66%14.12%11.39%9.91%10.25%2.81%12.19%10.30%10.29%10.13%10.60%12.54%13.87%16.68%18.36%15.48%12.13%17.73%19.75%17.04%12.85%
Net Income43.09M33.64M61.07M45.50M47.52M-56.86M170.38M151.92M181.86M178.04M168.78M191.93M238.86M439.46M559.88M472.64M459.87M845.70M1.07B1.06B863.02M
Net Income Margin3.06%1.93%2.25%1.46%1.73%-1.83%4.90%4.15%4.39%4.07%3.95%4.74%5.58%8.47%9.95%8.05%5.96%9.83%10.61%8.55%5.08%
R&D------000000.070.090.110.130.110.080.130.14--
R&D as % of Total Revenue------0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%--
Interest Expense2.36M125.40M122.82M115.56M100.92M90.41M68.76M54.83M51.45M51.54M59.14M96.48M107.03M125.02M130.00M105.77M104.41M126.23M186.80M274.18M403.41M
Interest Expense % of Total Revenue0.17%7.21%4.52%3.71%3.67%2.90%1.98%1.50%1.24%1.18%1.38%2.38%2.50%2.41%2.31%1.80%1.35%1.47%1.86%2.21%2.37%

Balance Sheet

Currency: USD2005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets-2.80B3.29B3.38B3.34B3.65B3.82B3.99B4.04B4.05B4.52B4.83B5.36B5.48B5.88B6.52B7.99B9.48B10.39B13.32B18.49B
Total Liabilities-2.17B2.54B2.59B2.49B2.47B2.47B2.85B2.94B3.08B3.80B4.01B4.39B4.50B4.86B5.21B6.32B7.31B8.31B10.39B13.15B
Total Equity-626.92M747.17M790.31M850.88M1.17B1.34B1.14B1.10B971.60M715.61M821.00M965.01M974.07M1.02B1.31B1.67B2.17B2.08B2.93B5.34B
Cash-245.16M188.00M219.24M378.59M419.21M720.77M466.26M516.58M412.33M724.53M747.71M811.14M511.10M590.21M808.61M495.25M847.52M465.67M967.08M1.04B
Total Debt-1.35B1.45B1.47B1.37B1.39B1.33B1.32B1.54B1.74B2.44B2.37B2.68B2.75B2.65B3.02B2.90B3.18B3.96B5.75B7.26B
Net Debt-1.10B1.26B1.25B990.63M967.43M611.90M851.56M1.02B1.22B1.52B1.53B1.68B1.97B2.06B1.78B2.32B1.87B3.50B4.78B6.22B

Cash Flow

Currency: USD2005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow118.00M139.23M10.07M89.28M271.16M-22.91M442.38M254.27M160.12M232.24M279.45M274.84M443.78M581.58M623.87M789.94M453.13M1.95B512.61M277.59M-423.04M
Investing Cash Flow-10.80M-30.41M-168.28M-76.20M-13.72M-39.19M-65.56M-91.67M-74.81M-93.13M-74.95M-125.29M-437.69M-161.75M-180.99M-187.50M-458.64M-376.40M-860.19M-1.59B-2.37B
Financing Cash Flow-86.04M1.75M101.04M18.16M-98.08M102.72M-75.26M-417.11M-34.98M-243.36M107.69M-126.37M57.34M-483.36M-533.23M-275.19M278.84M-504.27M-208.53M1.42B3.17B
Capital Expenditure19.42M23.04M74.74M62.81M8.31M23.09M36.35M54.79M78.24M98.65M72.56M127.65M272.23M160.62M156.39M155.53M215.99M306.60M403.29M562.53M570.38M
Free Cash Flow98.57M116.19M-64.67M26.46M262.84M-46.01M406.03M199.48M81.88M133.59M206.89M147.19M171.55M420.96M467.48M634.41M237.15M1.64B109.33M-284.94M-993.42M
Dividends Paid55.09M--25.59M--0248.81M68.01M95.62M95.81M89.08M90.27M88.36M82.60M79.10M80.09M79.83M92.19M89.73M94.41M
FCF to OCF83.54%83.45%-642.04%29.64%96.93%200.79%91.78%78.45%51.14%57.52%74.03%53.56%38.66%72.38%74.93%80.31%52.33%84.24%21.33%-102.65%234.83%
Dividend Paid to FCF55.88%--96.68%--0.00%124.73%83.06%71.57%46.31%60.52%52.62%20.99%17.67%12.47%33.77%4.87%84.33%-31.49%-9.50%

Earnings

Report DateDec 1, 2010Feb 7, 2011Apr 25, 2011Jul 27, 2011Oct 26, 2011Feb 7, 2012Apr 30, 2012Jul 31, 2012Oct 31, 2012Feb 6, 2013Apr 25, 2013Jul 31, 2013Oct 30, 2013Feb 11, 2014Apr 23, 2014Jul 30, 2014Oct 30, 2014Feb 19, 2015Apr 30, 2015Aug 5, 2015Oct 29, 2015Feb 11, 2016Apr 28, 2016Jul 28, 2016Nov 2, 2016Feb 9, 2017Apr 27, 2017Jul 27, 2017Oct 26, 2017Feb 1, 2018May 3, 2018Jul 26, 2018Oct 25, 2018Jan 31, 2019May 2, 2019Jul 25, 2019Oct 24, 2019Jan 30, 2020Apr 30, 2020Jul 30, 2020Oct 29, 2020Feb 4, 2021Apr 29, 2021Jul 29, 2021Oct 28, 2021Feb 3, 2022Apr 28, 2022Aug 2, 2022Oct 27, 2022Feb 2, 2023Apr 27, 2023Jul 27, 2023Oct 26, 2023Feb 1, 2024Apr 30, 2024Jul 25, 2024Oct 30, 2024Jan 30, 2025May 8, 2025Jul 31, 2025Oct 30, 2025Jan 29, 2026Apr 30, 2026Jul 30, 2026Oct 27, 2026Oct 29, 2026
EPS Estimate-0.410.460.490.450.470.540.560.440.480.550.590.530.580.720.620.480.600.630.640.540.510.480.440.390.390.380.710.630.560.831.191.241.371.581.731.611.591.701.291.231.341.461.681.721.511.801.952.834.004.333.883.573.393.823.733.713.964.644.214.494.905.475.395.695.95
EPS Actual0.260.420.470.470.410.390.480.490.470.500.640.610.560.630.690.610.480.660.640.650.550.370.630.600.660.530.740.810.820.841.111.421.321.491.931.851.711.682.061.421.441.531.771.851.771.631.952.243.134.214.493.943.743.514.213.884.164.255.154.515.205.235.605.845.97-
Surprise-2.44%2.17%-4.08%-8.89%-17.02%-11.11%-12.50%6.82%4.17%16.36%3.39%5.66%8.62%-4.17%-1.61%0.00%10.00%1.59%1.56%1.85%-27.45%31.25%36.36%69.23%35.90%94.74%14.08%30.16%50.00%33.73%19.33%6.45%8.76%22.15%6.94%6.21%5.66%21.18%10.08%17.07%14.18%21.23%10.12%2.91%7.95%8.33%14.87%10.60%5.25%3.70%1.55%4.76%3.54%10.21%4.02%12.13%7.32%10.99%7.13%15.81%6.73%2.38%8.35%4.92%-
Timing-After-hoursAfter-hoursPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market-Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap25.01B
Enterprise Value31.20B
Trailing P/E25.26
Forward P/E11.40
PEG Ratio0.41
Price / Sales1.30
Price / Book4.34
EPS12.57
Book Value66.76
Revenue (TTM)19.20B
Gross Profit (TTM)5.74B
EBITDA2.11B
Profit Margin5.24%
Operating Margin11.10%
Return on Equity18.59%
Return on Assets5.40%
Shares Outstanding78.74M
Shares Float78.17M
Beta0.54
Dividend Yield0.38%
Dividend Rate1.20
Payout Ratio4.43%

Analyst Ratings

Buy
Based on 18 analystsTarget 422.44
  • Strong Buy
    9
  • Buy
    5
  • Hold
    4

Ownership Breakdown

Institutions
105.81%
Insiders
0.40%
Retail / Other
0.00%

Top Institutional Holders

  • BlackRock Inc
    4.73M6.01%
  • Dodge & Cox
    4.58M5.81%
  • Boston Partners Global Investors, Inc
    4.25M5.40%
  • Jupiter Topco LLC
    4.20M5.33%
  • Vanguard Portfolio Management, LLC
    3.83M4.87%
  • HHG PLC
    3.67M4.66%
  • Vanguard Capital Management, LLC
    3.61M4.59%
  • Principal Financial Group Inc
    2.68M3.41%
  • Samlyn Capital, LLC
    2.41M3.06%
  • Capital World Investors
    2.34M2.98%
  • State Street Corp
    1.93M2.46%
  • WCM Investment Management
    1.81M2.30%
  • The Goldman Sachs Group Inc
    1.70M2.15%
  • Geode Capital Management, LLC
    1.50M1.91%

Top Fund Holders

  • Dodge & Cox Stock I
    3.02M3.83%
  • Vanguard MStar Total Stk Mkt Idx Invest
    2.50M3.18%
  • Janus Henderson Enterprise D
    2.23M2.83%
  • American Funds Growth Fd of Amer A
    1.86M2.36%
  • Vanguard MStar Mid Cap Index Instl
    1.69M2.14%
  • Principal MidCap R5
    1.64M2.09%

Dividends

20264×
0.30Nov 12, 20260.30Aug 14, 20260.30May 21, 20260.30Mar 10, 2026
20254×
0.30Nov 13, 20250.30Aug 15, 20250.30May 30, 20250.30Mar 11, 2025
20244×
0.30Nov 14, 20240.30Aug 9, 20240.30May 20, 20240.30Mar 11, 2024
20234×
0.30Nov 8, 20230.30Aug 10, 20230.30May 17, 20230.30Mar 13, 2023
20224×
0.25Nov 9, 20220.25Aug 16, 20220.25Jun 8, 20220.25Mar 14, 2022
20214×
0.25Nov 9, 20210.25Aug 12, 20210.25May 21, 20210.25Mar 15, 2021