LPL Financial Holdings Inc.
LPLA· Nasdaq· Security & Commodity Brokers, Dealers, Exchanges & Services
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- -5.8%
- ROIC, 5 yr avg
- –
- Revenue, 5 yr CAGR
- +23.7%
We record prices for the companies we cover; LPLA is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 79.1M
- Revenue
- $17.0B
- Free cash flow
- -$981.8M
- Owner earnings
- -$1.1B
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- –
- Operating
- –
- Net
- 5.1%
- Free cash flow
- -5.8%
- Owner earnings
- -6.2%
- Stock pay
- 0.5%
Returns
- ROIC, FY2025
- –
- ROIC, 5 yr avg
- –
- ROE, FY2025
- 16.1%
- ROE, 5 yr avg
- 34.0%
Growth (CAGR)
- Revenue, 3 yr
- 25.5%
- Revenue, 5 yr
- 23.7%
- Revenue, 9 yr
- 17.3%
- Diluted EPS, 3 yr
- 1.6%
- Diluted EPS, 5 yr
- 13.3%
- Diluted EPS, 9 yr
- 19.9%
- Free cash flow, 3 yr
- –
- Free cash flow, 5 yr
- –
- Free cash flow, 9 yr
- –
Financial health · FY2025
- Cash and investments
- $1.1B
- Total debt
- $7.3B
- Net debt
- $6.1B
- Debt/Equity
- 1.4x
- Debt/FCF
- –
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- 10.9%
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- -0.4%
Financials: ten years from the 10-Ks
Revenue
$17.0B
+17.3% a year over 9 years
FY2016FY2025
Margins
5.1%
FY2025
FY2016FY2025
Free cash flow and owner earnings
Free cash flow-$981.8MOwner earnings-$1.1B
FY2025
FY2016FY2025
Diluted shares
79.1M
-12.2% over 9 years, net buybacks
FY2016FY2025
Net debt (below zero)
-$6.1B
$6.1B more debt than cash
FY2016FY2025
Every figure, year by year
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| The business | ||||||||||
| Revenue | $4.0B | $4.3B | $5.2B | $5.6B | $5.9B | $7.7B | $8.6B | $10.1B | $12.4B | $17.0B |
| Revenue growth | -5.3% | 5.7% | 21.2% | 8.4% | 4.4% | 31.5% | 11.4% | 16.9% | 23.2% | 37.2% |
| Gross margin | – | – | – | – | – | – | – | – | – | – |
| Operating margin | – | – | – | – | – | – | – | – | – | – |
| Net income | $191.9M | $238.9M | $439.5M | $559.9M | $472.6M | $459.9M | $845.7M | $1.1B | $1.1B | $863.0M |
| Net margin | 4.7% | 5.6% | 8.5% | 10.0% | 8.0% | 6.0% | 9.8% | 10.6% | 8.5% | 5.1% |
| Diluted EPS | $2.13 | $2.59 | $4.85 | $6.62 | $5.86 | $5.63 | $10.40 | $13.69 | $14.03 | $10.92 |
| Return on invested capital? | – | – | – | – | – | – | – | – | – | – |
| Cash | ||||||||||
| Operating cash flow | $388.9M | $453.3M | $581.6M | $623.9M | $789.9M | $453.1M | $1.9B | $512.6M | $277.6M | -$411.4M |
| Capital expenditure | $127.6M | $111.9M | $132.7M | $156.4M | $155.5M | $216.0M | $306.6M | $403.3M | $562.5M | $570.4M |
| Free cash flow | $261.3M | $341.4M | $448.9M | $467.5M | $634.4M | $237.1M | $1.6B | $109.3M | -$284.9M | -$981.8M |
| Stock-based compensation | $24.9M | $28.5M | $29.2M | $32.9M | $34.0M | $44.2M | $52.6M | $68.7M | $91.8M | $79.4M |
| Owner earnings? | $236.4M | $312.9M | $419.7M | $434.6M | $600.4M | $193.0M | $1.6B | $40.7M | -$376.7M | -$1.1B |
| Free cash flow per share | $2.90 | $3.71 | $4.95 | $5.52 | $7.86 | $2.90 | $20.16 | $1.40 | $-3.78 | $-12.42 |
| Capital allocation | ||||||||||
| Dividends paid | $89.1M | $90.3M | $88.4M | $82.6M | $79.1M | $80.1M | $79.8M | $92.2M | $89.7M | $94.4M |
| Share repurchases | $25.0M | $113.7M | $417.9M | $500.4M | $150.0M | $90.0M | $325.0M | $1.1B | $170.1M | $100.0M |
| Diluted shares | 90.0M | 92.1M | 90.6M | 84.6M | 80.7M | 81.7M | 81.3M | 77.9M | 75.4M | 79.1M |
| Share count change? | -7.0% | 2.3% | -1.6% | -6.6% | -4.6% | 1.3% | -0.6% | -4.2% | -3.1% | 4.8% |
| Balance sheet | ||||||||||
| Cash and equivalents | $747.7M | $811.1M | $511.1M | $590.2M | $808.6M | $495.2M | $847.5M | $465.7M | $967.1M | $1.0B |
| Short-term investments | – | – | – | – | $42.5M | $49.2M | $52.6M | $91.3M | $57.5M | $91.5M |
| Total debt | $2.2B | $2.4B | $2.4B | $2.4B | $2.3B | $2.8B | $2.7B | $3.7B | $5.5B | $7.3B |
| Net debt | $1.4B | $1.6B | $1.9B | $1.8B | $1.5B | $2.3B | $1.8B | $3.2B | $4.5B | $6.1B |
| Shareholders' equity | $821.0M | $965.0M | $974.1M | $1.0B | $1.3B | $1.7B | $2.2B | $2.1B | $2.9B | $5.3B |
Latest filings
| 2026-10-29 | 10-Q | Quarterly report |
| 2026-10-27 | 8-K | Earnings release |
| 2026-08-03 | 10-Q | Quarterly report |
| 2026-07-30 | 8-K | Earnings release |
| 2026-05-04 | 10-Q | Quarterly report |
| 2026-04-30 | 8-K | Earnings release |
| 2026-04-02 | DEF 14A | Proxy statement |
| 2026-02-23 | 10-K | Annual report |
| 2026-01-29 | 8-K | Earnings release |
| 2025-11-03 | 10-Q | Quarterly report |
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