profit from every $100 of sales.
$0$100
LPL Financial Holdings
$292.27-3.10% today
-22.4% in 1 year
1-year low $265.861-year high $393.25
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2020 to 2025.
0%20% a year
You pay $26.37 for every $1 of profit it makes in a year.
CheapExpensive
Not measured for banks and insurers: deposits and policy reserves count as debt, so the usual debt test says nothing about them.
Money in, money out
What LPL Financial Holdings sold, what it kept, and what it did with the cash.
Sales went from $8.60 billion in 2022 to $17.0 billion in 2025, with $863 million of profit last year.
SalesProfit
LPL Financial Holdings vs. similar companies
LPL Financial Holdings grows in the middle of these 5 and is priced in the middle for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| LPL Financial Holdings | 26.4× · Fair price | ||
 Raymond James Financial | 15.1× · Fair price | ||
 Tradeweb Markets | 35.3× · Expensive | ||
 Nomura Holdings | 13.1× · Cheap | ||
 Circle Internet Group | No profit yet |
AI analysis
An AI analyst reads LPL Financial Holdings's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 5,872 | 7,721 | 8,601 | 10,053 | 12,385 | 16,989 | |
| – | – | 2,369 | 3,051 | 3,369 | 4,021 | |
| – | – | 1,238 | 1,632 | 1,667 | 1,553 | |
| 909 | 936 | 1,525 | 1,986 | 2,111 | 2,183 | |
| 473 | 460 | 846 | 1,066 | 1,059 | 863 | |
| 5.86 | 5.63 | 10.40 | 13.69 | 14.03 | 10.92 | |
| – | – | 27.5% | 30.4% | 27.2% | 23.7% | |
| – | – | 14.4% | 16.2% | 13.5% | 9.1% | |
| 8.0% | 6.0% | 9.8% | 10.6% | 8.5% | 5.1% |
Balance sheet
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Total assets | 6,596 | 7,992 | 9,482 | 10,385 | 13,317 | 18,493 |
| Cash | 809 | 495 | 848 | 466 | 967 | 1,037 |
| Total debt | 2,592 | 3,050 | 2,948 | 3,963 | 5,748 | 7,463 |
| Total liabilities | 5,281 | 6,321 | 7,315 | 8,307 | 10,387 | 13,148 |
| 1,315 | 1,671 | 2,168 | 2,079 | 2,931 | 5,344 | |
| 81 | 82 | 81 | 78 | 75 | 79 | |
| 14.8% | 11.8% | 19.1% | 21.3% | 15.2% | 9.6% | |
| 35.9% | 27.5% | 39.0% | 51.3% | 36.1% | 16.1% |
Cash flow
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 790 | 453 | 1,946 | 513 | 278 | -411 | |
| 156 | 216 | 307 | 403 | 563 | 570 | |
| 634 | 237 | 1,639 | 109 | -285 | -982 | |
| Dividends paid | 79 | 80 | 80 | 92 | 90 | 94 |
| 150 | 90 | 325 | 1,100 | 170 | 100 | |
| 34 | 44 | 53 | 69 | 92 | 79 |
This is a bank or insurer, so cash-flow and debt ratios are left out: borrowing and lending is the business itself. Price to book and return on equity are the measures that matter here.
Valuation
- 26.4×
- 12.9×
- 1.99
- 4.2×
- 1.3×
- 3.8%
- 0.4%
Profitability
- 5.1%
- 7.0%
- 12.6%
- 17.0%
- 4.8%
Growth
- +23.7%
- +13.3%
- +3.7%
- −0.4%
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 37%of 827
Bottom 23%of 709
Bottom 18%of 876
Top 19%of 879
Bottom 13%of 926
What analysts expect
- Average price target
- $441.00
- Range
- $374.00 – $500.00
- 2 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Apr 30, 2026 | 5.60 | 5.49 | +2.0% |
| Jan 29, 2026 | 5.23 | 4.92 | +6.3% |
| Oct 30, 2025 | 5.20 | 4.49 | +15.8% |
| Jul 31, 2025 | 4.51 | 4.23 | +6.6% |
| May 8, 2025 | 5.15 | 4.68 | +10.0% |
| Jan 30, 2025 | 4.25 | 4.01 | +6.0% |
| Oct 30, 2024 | 4.16 | 3.71 | +12.1% |
| Jul 25, 2024 | 3.88 | 3.70 | +4.9% |
0.4%of the share price, paid each year
On $1,000 invested$4a year at today's yield, before tax
+3.7%2020 to 2025
Raised–not every year
Paid per share, each year
$1.00 in 2015 → $1.20 in 2025
How safe it looks
10.9% of its profit
Room to growStretchedMore than it earnsNews
‘She has a history of financial mismanagement’: My brother cut my sister out of his will. I’m getting everything. Do I tell her?MarketWatch · Nov 13, 2026Huang's exit, AI bubble and financial crisis fears in focus on Web Summit's last dayYahoo Finance · Nov 13, 2026Financial Horror Stories, Vol. 5: The All-Monster EditionYahoo Finance · Nov 12, 2026Financial stocks retain strong Quant ratings despite YTD declinesSeeking Alpha · Nov 11, 2026E-L Financial Corporation Limited PFD 1ST SER 3 declares CAD 0.3438 dividendSeeking Alpha · Nov 11, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
41No pass
Benjamin Graham
50No pass
Philip Fisher
44No pass
Peter Lynch
51No pass
Joel Greenblatt
25No pass
Charlie Munger
34No pass
Terry Smith
31No pass
Questions about LPL Financial Holdings
Is LPL Financial Holdings a good stock to buy?
A business with weak numbers at a fair price. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the LPL Financial Holdings AI analysis
What does LPL Financial Holdings do?
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 financial institutions in the United States. It is in Financial - Capital Markets, based in San Diego, CA, United States, with 9,901 employees.
Does LPL Financial Holdings pay a dividend?
Yes. At today's price the dividend is 0.4% a year, about 11% of its yearly profit. In 2025 it paid out $94.4 million in dividends.
Is LPL Financial Holdings stock halal?
Questionable. LPL Financial Holdings sits in a grey zone: its debt is 33% of its market value, between 30% and 33%. How we check
How has LPL Financial Holdings stock done over the past year?
Down 22.4% over the past twelve months, to $292.27. It traded between $265.86 and $393.25 and is 25.7% below its high.
Who are LPL Financial Holdings's competitors?
The largest listed companies in the same industry are Raymond James Financial, Tradeweb Markets, Nomura Holdings and Circle Internet Group. The peers table on this page compares their profit, growth and price with LPL Financial Holdings's.
Prices: daily closes to Nov 12, 2026. Fundamentals: company reports via invest-like data.