LPL Financial Holdings Inc. (LPLA) Financial Statements
Industry: Security & Commodity Brokers, Dealers, Exchanges & Services
In fiscal 2025, LPL Financial reported revenue of $16.99B, up 37.2% from $12.39B the year before. Net income was $863.0M (a 5.1% net margin), or $10.92 per diluted share. Gross margin was 6.8% and operating margin was 4.5%. Operating activities generated -$411.4M of cash, leaving -$981.8M of free cash flow. At fiscal year end, LPL Financial held $18.49B in total assets against $13.15B in total liabilities, including $1.04B of cash and equivalents.
Open the full interactive LPL Financial financials → Quarterly statements, key ratios, valuation history and price charts.
LPL Financial Key Stats
| Share Price | $325.63 |
|---|---|
| Market Cap | $26.06B |
| P/E Ratio | 29.8 |
| Dividend Yield | 0.37% |
| Revenue YoY Growth | +37.2% |
| 52-Week Range | $265.65 – $392.14 |
| Shares Outstanding | 79.8 million (basic, 2026 Q2) |
LPL Financial Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $5.87B | $7.72B | $8.60B | $10.05B | $12.39B | $16.99B |
| Cost of Goods Sold | — | $7.12B | $7.49B | $8.61B | $10.99B | $15.84B |
| Gross Profit | — | $601.3M | $1.11B | $1.44B | $1.39B | $1.15B |
| Operating Income | — | $449.9M | $911.8M | $1.20B | $1.08B | $756.1M |
| Pre-Tax Income | $626.1M | $601.3M | $1.11B | $1.44B | $1.39B | $1.15B |
| Income Tax | $153.4M | $141.5M | $266.0M | $378.5M | $334.3M | $286.5M |
| Net Income | $472.6M | $459.9M | $845.7M | $1.07B | $1.06B | $863.0M |
| Diluted EPS | $5.86 | $5.63 | $10.40 | $13.69 | $14.03 | $10.92 |
LPL Financial Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $4.55B | $4.93B | $4.94B | $5.19B |
| Net Income | -$29.5M | $300.7M | $356.4M | $379.3M |
| Diluted EPS | -$0.37 | $3.80 | $4.43 | $4.74 |
LPL Financial Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $808.6M | $495.2M | $847.5M | $465.7M | $967.1M | $1.04B |
| Total Assets | $6.52B | $7.99B | $9.48B | $10.39B | $13.32B | $18.49B |
| Total Long-Term Debt | $2.35B | $2.81B | $2.72B | $3.73B | $5.49B | $7.26B |
| Total Liabilities | $5.21B | $6.32B | $7.31B | $8.31B | $10.39B | $13.15B |
| Shareholders' Equity | $1.31B | $1.67B | $2.17B | $2.08B | $2.93B | $5.34B |
LPL Financial Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $789.9M | $453.1M | $1.95B | $512.6M | $277.6M | -$411.4M |
| Cash From Investing | -$187.5M | -$458.6M | -$376.4M | -$860.2M | -$1.59B | -$2.39B |
| Cash From Financing | -$275.2M | $278.8M | -$504.3M | -$208.5M | $1.42B | $3.17B |
| Free Cash Flow | $634.4M | $237.1M | $1.64B | $109.3M | -$284.9M | -$981.8M |
| Dividends Paid | $79.1M | $80.1M | $79.8M | $92.2M | $89.7M | $94.4M |
Figures from LPL Financial's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full LPL Financial financials page for every line item.
LPL Financial Company Profile
| Ticker | LPLA |
|---|---|
| Exchange | Nasdaq |
| Industry | Security & Commodity Brokers, Dealers, Exchanges & Services |
| Headquarters | San Diego, California |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001397911 |
Frequently Asked Questions
What was LPL Financial's revenue in fiscal 2025?
LPL Financial (LPLA) reported revenue of $16.99B for fiscal 2025.
What is LPL Financial's annual revenue history?
LPL Financial's annual revenue by fiscal year: 2020: $5.87B; 2021: $7.72B; 2022: $8.60B; 2023: $10.05B; 2024: $12.39B; 2025: $16.99B.
What was LPL Financial's net income in fiscal 2025?
LPL Financial reported net income of $863.0M for fiscal 2025.
What was LPL Financial's earnings per share (EPS) in fiscal 2025?
LPL Financial's diluted EPS was $10.92 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did LPL Financial generate in fiscal 2025?
LPL Financial generated -$981.8M of free cash flow in fiscal 2025.
What was LPL Financial's revenue last quarter?
In its most recent reported quarter (2026 Q2), LPL Financial reported revenue of $5.19B.
How much debt does LPL Financial have?
LPL Financial reported $7.26B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of LPL Financial are outstanding?
LPL Financial reported a weighted average of 79.8 million basic shares outstanding in 2026 Q2.
What is LPL Financial's market cap?
Based on its latest closing price, LPL Financial (LPLA) has a market capitalization of about $26.06B.
When does LPL Financial's fiscal year end?
LPL Financial's fiscal year end, as registered with the SEC, is December 31.
Where is LPL Financial headquartered?
LPL Financial lists its business address in San Diego, California in its SEC filings.
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