LPL Financial Holdings Inc. (LPLA) 10-Year Financial Performance & Capital Metrics

LPLA • • Banking & Credit

Financial ServicesCapital MarketsWealth Management Platforms

AboutLPL 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. Its brokerage offerings include variable and fixed annuities, mutual funds, equities, retirement and education savings plans, fixed income, and insurance, as well as alternative investments, such as non-traded real estate investment trusts and auction rate notes. The company also provides advisory platforms that provide access to mutual funds, exchange-traded funds, stocks, bonds, certain option strategies, unit investment trusts, and institutional money managers and no-load multi-manager variable annuities. In addition, it offers money market programs; and retirement solutions for commission-and fee-based services that allow advisors to provide brokerage services, consultation, and advice to retirement plan sponsors. Further, the company provides other services comprising tools and services that enable advisors to maintain and grow their practices; trust, investment management oversight, and custodial services to trusts for estates and families, as well as insurance brokerage general agency services; and technology products, such as 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.Show more

Net Interest Income -$172M +37.3%
Total Revenue $16.99B +37.2%
Net Income $863M -18.5%
Return on Equity 20.86% -50.6%
Net Interest Margin -0.93% +54.9%
Efficiency Ratio 12.14% -11.7%
ROA 5.43% -39.3%
Equity / Assets 28.9% +31.3%
Book Value per Share 67.60 +74.0%
Tangible BV/Share -7.98 +17.0%
Debt/Equity 1.36 -30.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 37.8%
✓Efficient operations: 12.1% efficiency ratio
✓Well capitalized: 28.9% equity/assets
✓Diversified revenue: 98.6% from non-interest income

✗Weaknesses

✗Weak Piotroski F-Score: 2/9
✗Weak NIM of -0.9%

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y14.8%

5Y23.68%

3Y25.47%

TTM-

Profit (Net Income) CAGR

10Y17.73%

5Y12.8%

3Y0.68%

TTM-18.48%

EPS CAGR

10Y20.16%

5Y13.26%

3Y1.64%

TTM-21.58%

ROCE

10Y Avg18.84%

5Y Avg20.64%

3Y Avg21.91%

Latest19.06%

Peer Comparison

Wealth Management Platforms

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
HOODRobinhood Markets, Inc.	67.09B	75.85	48.62	58.23%	47.81%	20.55%		0.94
SCHWThe Charles Schwab Corporation	169.16B	95.20	31.84	1.87%	22.85%	291.38%	1.21%	0.93
FUTUFutu Holdings Limited	52.92B	148.84	29.96	35.79%	40.05%	23.78%	7.45%	0.31
LPLALPL Financial Holdings Inc.	24.05B	300.38	27.51	37.18%	5.08%	16.15%		1.36
TIGRUP Fintech Holding Limited	763.32M	7.82	21.72	43.68%	15.51%	15.49%	100%	0.27
RJFRaymond James Financial, Inc.	30.33B	153.08	14.86	7.94%	13.42%	16.8%	7.41%	0.36
OPYOppenheimer Holdings Inc.	899.22M	86.29	13.55	14.71%	5%	9.21%		0.81
XPXP Inc.	8.94B	21.53	13.51	34.1%	22.71%	21.35%	23.5%	5.74

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Net Interest Income+	-75.2M	-82.55M	-84.81M	-83.49M	-76.35M	-75.84M	-126.23M	-186.8M	-274.18M	-171.79M
NII Growth %	-88.25%	-9.78%	-2.74%	1.56%	8.55%	0.68%	-66.45%	-47.98%	-46.77%	37.34%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	21.28M	24.47M	40.21M	46.51M	29.41M	28.58M	0	0	0	231.62M
Interest Expense	96.48M	107.03M	125.02M	130M	105.77M	104.41M	126.23M	186.8M	274.18M	403.41M
Loan Loss Provision	3B	3.08B	3.62B	3.88B	4.27B	5.9B	6.11B	6.81B	8.74B	12.24B
Non-Interest Income+	4.03B	4.26B	5.15B	5.58B	5.84B	7.69B	8.6B	10.05B	12.39B	16.76B
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	4.05B	4.28B	5.19B	5.62B	5.87B	7.72B	8.6B	10.05B	12.39B	16.99B
Revenue Growth %	-5.28%	5.73%	21.18%	8.41%	4.39%	31.49%	11.4%	16.88%	23.2%	37.18%
Non-Interest Expense	563.7M	603.91M	723.36M	741.11M	762.21M	983.57M	1.13B	1.42B	1.7B	2.06B
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	393.99M	494M	717.66M	874.99M	731.84M	730.14M	1.24B	1.63B	1.67B	2.28B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	11.41%	25.38%	45.27%	21.92%	-16.36%	-0.23%	69.54%	31.8%	2.18%	37.06%
Pretax Income+	297.52M	364.57M	592.64M	741.84M	626.07M	601.33M	1.11B	1.44B	1.39B	1.15B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	105.58M	125.71M	153.18M	181.96M	153.43M	141.46M	265.95M	378.52M	334.28M	286.48M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	191.93M	238.86M	439.46M	559.88M	472.64M	459.87M	845.7M	1.07B	1.06B	863.02M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	13.71%	24.45%	83.98%	27.4%	-15.58%	-2.7%	83.9%	26.08%	-0.72%	-18.48%
Net Income (Continuing)	191.93M	238.86M	439.46M	559.88M	472.64M	459.87M	845.7M	1.07B	1.06B	863.02M
EPS (Diluted)+	2.13	2.59	4.85	6.62	5.86	5.63	10.40	13.69	14.03	10.92
EPS Growth %	22.41%	21.6%	87.26%	36.49%	-11.48%	-3.92%	84.72%	31.63%	2.48%	-22.17%
EPS (Basic)	2.15	2.65	4.99	6.78	5.96	5.75	10.60	13.88	14.17	10.97
Diluted Shares Outstanding	90.01M	92.11M	90.62M	84.62M	80.7M	81.74M	81.28M	77.86M	75.43M	79.06M

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash & Short Term Investments+	756.11M	822.51M	520.76M	616.16M	818.36M	514.92M	884.28M	541.76M	1.01B	1.13B
Cash & Due from Banks	747.71M	811.14M	511.1M	590.21M	808.61M	495.25M	847.52M	465.67M	967.08M	1.04B
Short Term Investments	8.4M	11.38M	9.67M	25.95M	9.75M	19.67M	36.76M	76.09M	42.27M	91.53M
Total Investments+	17.27M	23.21M	22.67M	37.75M	95.58M	144.17M	174.86M	268.44M	336.16M	91.53M
Investments Growth %	-1.57%	34.44%	-2.34%	66.55%	153.17%	50.84%	21.29%	53.52%	25.23%	-72.77%
Long-Term Investments	8.86M	11.83M	13M	11.81M	85.83M	124.49M	138.1M	192.35M	293.9M	0
Accounts Receivables	516.32M	540.44M	0	0	0	0	0	0	0	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	1.37B	1.43B	1.49B	1.5B	1.51B	1.64B	1.64B	1.86B	2.17B	2.64B
Intangible Assets	354M	414.09M	484.17M	439.84M	397.49M	455.03M	427.68M	671.59M	1.48B	3.33B
PP&E (Net)	387.37M	412.68M	461.42M	635.52M	684.79M	753.92M	872.89M	1.03B	1.33B	1.41B
Other Assets	242.81M	447.77M	305.15M	401.34M	436.43M	556.67M	564.84M	778.6M	1.09B	0
Total Current Assets	2.48B	2.64B	2.72B	2.89B	3.45B	4.45B	5.74B	5.69B	6.82B	1.93B
Total Non-Current Assets	2.36B	2.71B	2.75B	2.99B	3.14B	3.54B	3.74B	4.69B	6.5B	7.38B
Total Assets+	4.83B	5.36B	5.48B	5.88B	6.6B	7.99B	9.48B	10.39B	13.32B	18.49B
Asset Growth %	7.02%	10.83%	2.22%	7.35%	12.18%	21.16%	18.65%	9.53%	28.23%	38.86%
Return on Assets (ROA)	4.1%	4.69%	8.11%	9.86%	7.58%	6.3%	9.68%	10.73%	8.93%	5.43%
Accounts Payable	950.08M	1.06B	1.08B	1.22B	1.93B	2.27B	3.29B	2.92B	2.62B	0
Total Debt+	2.28B	2.49B	2.48B	2.65B	2.59B	3.05B	2.95B	3.96B	5.75B	7.26B
Net Debt	1.53B	1.68B	1.97B	2.06B	1.78B	2.56B	2.1B	3.5B	4.78B	4.2B
Long-Term Debt	2.18B	2.39B	2.37B	2.35B	2.35B	2.72B	2.72B	3.45B	4.45B	7.26B
Short-Term Debt	0	0	0	45M	0	90M	0	280M	1.05B	0
Other Liabilities	178.59M	212.97M	212.86M	263.82M	378.01M	460.05M	595.47M	1.06B	1.49B	5.89B
Total Current Liabilities	1.47B	1.6B	1.72B	1.9B	2.22B	2.74B	3.63B	3.57B	4.19B	3.64B
Total Non-Current Liabilities	2.55B	2.79B	2.79B	2.95B	3.07B	3.58B	3.68B	4.74B	6.19B	13.15B
Total Liabilities	4.01B	4.39B	4.5B	4.86B	5.28B	6.32B	7.31B	8.31B	10.39B	13.15B
Total Equity+	821M	965.01M	974.07M	1.02B	1.31B	1.67B	2.17B	2.08B	2.93B	5.34B
Equity Growth %	14.73%	17.54%	0.94%	5.11%	28.42%	27.05%	29.75%	-4.09%	40.96%	82.37%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	24.98%	26.75%	45.33%	56.05%	40.42%	30.81%	44.07%	50.22%	42.26%	20.86%
Book Value per Share	9.12	10.48	10.75	12.10	16.29	20.44	26.67	26.70	38.85	67.60
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	120K	123K	125K	126K	127K	129K	130K	130K	131K	136K
Additional Paid-in Capital	1.45B	1.56B	1.63B	1.7B	1.76B	1.84B	1.91B	1.99B	2.07B	3.83B
Retained Earnings	569.95M	718.34M	1.07B	1.55B	1.94B	2.33B	3.1B	4.09B	5.07B	5.85B
Accumulated OCI	315K	0	0	0	0	0	0	0	0	0
Treasury Stock	-1.19B	-1.31B	-1.73B	-2.23B	-2.39B	-2.5B	-2.85B	-3.99B	-4.2B	-4.33B
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from Operations+	274.84M	443.78M	581.58M	623.87M	789.94M	453.13M	1.95B	512.61M	277.59M	0
Operating CF Growth %	-1.65%	61.47%	31.05%	7.27%	26.62%	-42.64%	329.36%	-73.65%	-45.85%	-100%
Net Income	191.93M	238.86M	439.46M	559.88M	472.64M	459.87M	845.7M	1.07B	1.06B	863.02M
Depreciation & Amortization	113.96M	122.36M	147.91M	161.11M	177.09M	230.69M	287.38M	354.2M	443.76M	0
Deferred Taxes	-11.55M	-9.39M	-1.75M	-18.61M	-23.68M	18.46M	-93.35M	-68.45M	-76.24M	0
Other Non-Cash Items	51.1M	68.95M	87.2M	95.61M	111.66M	180.72M	214.83M	287.37M	405.59M	-938.98M
Working Capital Changes	-95.5M	-5.53M	-120.39M	-206.98M	18.26M	-480.78M	638.41M	-1.2B	-1.65B	0
Cash from Investing+	-125.29M	-437.69M	-161.75M	-180.99M	-187.5M	-458.64M	-376.4M	-860.19M	-1.59B	0
Purchase of Investments	-4.02M	-5.97M	-6.14M	-3.75M	-6.51M	-1.74M	-18.35M	-8.93M	-4.77M	0
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	-322.82M	-27.93M	-25.85M	-30.56M	-245.91M	-56.46M	-453.48M	-1.02B	0
Other Investing	0	12K	0	0	0	0	0	0	-9.61M	0
Cash from Financing+	-126.37M	57.34M	-483.36M	-533.23M	-275.19M	278.84M	-504.27M	-208.53M	1.42B	0
Dividends Paid	-89.08M	-90.27M	-88.36M	-82.6M	-79.1M	-80.09M	-79.83M	-92.19M	-89.73M	0
Share Repurchases	-25.01M	-113.73M	-417.89M	-500.37M	-150.04M	-90.01M	-325.03M	-1.1B	-170.1M	0
Stock Issued	0	0	0	0	0	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	-1000K	1000K	-1000K	1000K	-1000K	1000K	-1000K	1000K	1000K	0
Other Financing	5.69M	57.15M	46.7M	16.68M	10.82M	-29M	1.7M	-34.81M	-80.53M	0
Net Change in Cash+	23.18M	63.43M	-63.54M	-90.34M	327.26M	273.33M	1.06B	-556.11M	102.89M	-2.68B
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	724.53M	747.71M	1.63B	1.56B	1.47B	1.8B	2.07B	3.14B	2.58B	2.68B
Cash at End	747.71M	811.14M	1.56B	1.47B	1.8B	2.07B	3.14B	2.58B	2.68B	0
Interest Paid	92.34M	92.65M	123.62M	126.95M	106.88M	103.69M	118.82M	191.35M	268.35M	0
Income Taxes Paid	122.91M	139.2M	122.22M	213.34M	169.24M	144.56M	238.16M	535.96M	320.26M	0
Free Cash Flow+	147.19M	171.55M	420.96M	467.48M	634.41M	237.15M	1.64B	109.33M	-284.94M	0
FCF Growth %	-28.85%	16.55%	145.39%	11.05%	35.71%	-62.62%	591.12%	-93.33%	-360.64%	100%

Banking Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	24.98%	26.75%	45.33%	56.05%	40.42%	30.81%	44.07%	50.22%	42.26%	20.86%
Return on Assets (ROA)	4.1%	4.69%	8.11%	9.86%	7.58%	6.3%	9.68%	10.73%	8.93%	5.43%
Net Interest Margin	-1.56%	-1.54%	-1.55%	-1.42%	-1.16%	-0.95%	-1.33%	-1.8%	-2.06%	-0.93%
Efficiency Ratio	13.92%	14.11%	13.94%	13.18%	12.98%	12.74%	13.15%	14.12%	13.75%	12.14%
Equity / Assets	16.98%	18.01%	17.78%	17.41%	19.93%	20.9%	22.86%	20.02%	22.01%	28.9%
Book Value / Share	9.12	10.48	10.75	12.1	16.29	20.44	26.67	26.7	38.85	67.6
NII Growth	-88.25%	-9.78%	-2.74%	1.56%	8.55%	0.68%	-66.45%	-47.98%	-46.77%	37.34%
Dividend Payout	46.41%	37.79%	20.11%	14.75%	16.74%	17.42%	9.44%	8.65%	8.48%	-

US Stock Screener

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LPL Financial Holdings Inc. (LPLA) 10-Year Financial Performance & Capital Metrics

LPLA • • Banking & Credit

Financial ServicesCapital MarketsWealth Management Platforms

Net Interest Income -$172M +37.3%
Total Revenue $16.99B +37.2%
Net Income $863M -18.5%
Return on Equity 20.86% -50.6%
Net Interest Margin -0.93% +54.9%
Efficiency Ratio 12.14% -11.7%
ROA 5.43% -39.3%
Equity / Assets 28.9% +31.3%
Book Value per Share 67.60 +74.0%
Tangible BV/Share -7.98 +17.0%
Debt/Equity 1.36 -30.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 37.8%
✓Efficient operations: 12.1% efficiency ratio
✓Well capitalized: 28.9% equity/assets
✓Diversified revenue: 98.6% from non-interest income

✗Weaknesses

✗Weak Piotroski F-Score: 2/9
✗Weak NIM of -0.9%

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y14.8%

5Y23.68%

3Y25.47%

TTM-

Profit (Net Income) CAGR

10Y17.73%

5Y12.8%

3Y0.68%

TTM-18.48%

EPS CAGR

10Y20.16%

5Y13.26%

3Y1.64%

TTM-21.58%

ROCE

10Y Avg18.84%

5Y Avg20.64%

3Y Avg21.91%

Latest19.06%

Peer Comparison

Wealth Management Platforms

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
HOODRobinhood Markets, Inc.	67.09B	75.85	48.62	58.23%	47.81%	20.55%		0.94
SCHWThe Charles Schwab Corporation	169.16B	95.20	31.84	1.87%	22.85%	291.38%	1.21%	0.93
FUTUFutu Holdings Limited	52.92B	148.84	29.96	35.79%	40.05%	23.78%	7.45%	0.31
LPLALPL Financial Holdings Inc.	24.05B	300.38	27.51	37.18%	5.08%	16.15%		1.36
TIGRUP Fintech Holding Limited	763.32M	7.82	21.72	43.68%	15.51%	15.49%	100%	0.27
RJFRaymond James Financial, Inc.	30.33B	153.08	14.86	7.94%	13.42%	16.8%	7.41%	0.36
OPYOppenheimer Holdings Inc.	899.22M	86.29	13.55	14.71%	5%	9.21%		0.81
XPXP Inc.	8.94B	21.53	13.51	34.1%	22.71%	21.35%	23.5%	5.74

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Net Interest Income+	-75.2M	-82.55M	-84.81M	-83.49M	-76.35M	-75.84M	-126.23M	-186.8M	-274.18M	-171.79M
NII Growth %	-88.25%	-9.78%	-2.74%	1.56%	8.55%	0.68%	-66.45%	-47.98%	-46.77%	37.34%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	21.28M	24.47M	40.21M	46.51M	29.41M	28.58M	0	0	0	231.62M
Interest Expense	96.48M	107.03M	125.02M	130M	105.77M	104.41M	126.23M	186.8M	274.18M	403.41M
Loan Loss Provision	3B	3.08B	3.62B	3.88B	4.27B	5.9B	6.11B	6.81B	8.74B	12.24B
Non-Interest Income+	4.03B	4.26B	5.15B	5.58B	5.84B	7.69B	8.6B	10.05B	12.39B	16.76B
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	4.05B	4.28B	5.19B	5.62B	5.87B	7.72B	8.6B	10.05B	12.39B	16.99B
Revenue Growth %	-5.28%	5.73%	21.18%	8.41%	4.39%	31.49%	11.4%	16.88%	23.2%	37.18%
Non-Interest Expense	563.7M	603.91M	723.36M	741.11M	762.21M	983.57M	1.13B	1.42B	1.7B	2.06B
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	393.99M	494M	717.66M	874.99M	731.84M	730.14M	1.24B	1.63B	1.67B	2.28B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	11.41%	25.38%	45.27%	21.92%	-16.36%	-0.23%	69.54%	31.8%	2.18%	37.06%
Pretax Income+	297.52M	364.57M	592.64M	741.84M	626.07M	601.33M	1.11B	1.44B	1.39B	1.15B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	105.58M	125.71M	153.18M	181.96M	153.43M	141.46M	265.95M	378.52M	334.28M	286.48M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	191.93M	238.86M	439.46M	559.88M	472.64M	459.87M	845.7M	1.07B	1.06B	863.02M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	13.71%	24.45%	83.98%	27.4%	-15.58%	-2.7%	83.9%	26.08%	-0.72%	-18.48%
Net Income (Continuing)	191.93M	238.86M	439.46M	559.88M	472.64M	459.87M	845.7M	1.07B	1.06B	863.02M
EPS (Diluted)+	2.13	2.59	4.85	6.62	5.86	5.63	10.40	13.69	14.03	10.92
EPS Growth %	22.41%	21.6%	87.26%	36.49%	-11.48%	-3.92%	84.72%	31.63%	2.48%	-22.17%
EPS (Basic)	2.15	2.65	4.99	6.78	5.96	5.75	10.60	13.88	14.17	10.97
Diluted Shares Outstanding	90.01M	92.11M	90.62M	84.62M	80.7M	81.74M	81.28M	77.86M	75.43M	79.06M

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash & Short Term Investments+	756.11M	822.51M	520.76M	616.16M	818.36M	514.92M	884.28M	541.76M	1.01B	1.13B
Cash & Due from Banks	747.71M	811.14M	511.1M	590.21M	808.61M	495.25M	847.52M	465.67M	967.08M	1.04B
Short Term Investments	8.4M	11.38M	9.67M	25.95M	9.75M	19.67M	36.76M	76.09M	42.27M	91.53M
Total Investments+	17.27M	23.21M	22.67M	37.75M	95.58M	144.17M	174.86M	268.44M	336.16M	91.53M
Investments Growth %	-1.57%	34.44%	-2.34%	66.55%	153.17%	50.84%	21.29%	53.52%	25.23%	-72.77%
Long-Term Investments	8.86M	11.83M	13M	11.81M	85.83M	124.49M	138.1M	192.35M	293.9M	0
Accounts Receivables	516.32M	540.44M	0	0	0	0	0	0	0	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	1.37B	1.43B	1.49B	1.5B	1.51B	1.64B	1.64B	1.86B	2.17B	2.64B
Intangible Assets	354M	414.09M	484.17M	439.84M	397.49M	455.03M	427.68M	671.59M	1.48B	3.33B
PP&E (Net)	387.37M	412.68M	461.42M	635.52M	684.79M	753.92M	872.89M	1.03B	1.33B	1.41B
Other Assets	242.81M	447.77M	305.15M	401.34M	436.43M	556.67M	564.84M	778.6M	1.09B	0
Total Current Assets	2.48B	2.64B	2.72B	2.89B	3.45B	4.45B	5.74B	5.69B	6.82B	1.93B
Total Non-Current Assets	2.36B	2.71B	2.75B	2.99B	3.14B	3.54B	3.74B	4.69B	6.5B	7.38B
Total Assets+	4.83B	5.36B	5.48B	5.88B	6.6B	7.99B	9.48B	10.39B	13.32B	18.49B
Asset Growth %	7.02%	10.83%	2.22%	7.35%	12.18%	21.16%	18.65%	9.53%	28.23%	38.86%
Return on Assets (ROA)	4.1%	4.69%	8.11%	9.86%	7.58%	6.3%	9.68%	10.73%	8.93%	5.43%
Accounts Payable	950.08M	1.06B	1.08B	1.22B	1.93B	2.27B	3.29B	2.92B	2.62B	0
Total Debt+	2.28B	2.49B	2.48B	2.65B	2.59B	3.05B	2.95B	3.96B	5.75B	7.26B
Net Debt	1.53B	1.68B	1.97B	2.06B	1.78B	2.56B	2.1B	3.5B	4.78B	4.2B
Long-Term Debt	2.18B	2.39B	2.37B	2.35B	2.35B	2.72B	2.72B	3.45B	4.45B	7.26B
Short-Term Debt	0	0	0	45M	0	90M	0	280M	1.05B	0
Other Liabilities	178.59M	212.97M	212.86M	263.82M	378.01M	460.05M	595.47M	1.06B	1.49B	5.89B
Total Current Liabilities	1.47B	1.6B	1.72B	1.9B	2.22B	2.74B	3.63B	3.57B	4.19B	3.64B
Total Non-Current Liabilities	2.55B	2.79B	2.79B	2.95B	3.07B	3.58B	3.68B	4.74B	6.19B	13.15B
Total Liabilities	4.01B	4.39B	4.5B	4.86B	5.28B	6.32B	7.31B	8.31B	10.39B	13.15B
Total Equity+	821M	965.01M	974.07M	1.02B	1.31B	1.67B	2.17B	2.08B	2.93B	5.34B
Equity Growth %	14.73%	17.54%	0.94%	5.11%	28.42%	27.05%	29.75%	-4.09%	40.96%	82.37%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	24.98%	26.75%	45.33%	56.05%	40.42%	30.81%	44.07%	50.22%	42.26%	20.86%
Book Value per Share	9.12	10.48	10.75	12.10	16.29	20.44	26.67	26.70	38.85	67.60
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	120K	123K	125K	126K	127K	129K	130K	130K	131K	136K
Additional Paid-in Capital	1.45B	1.56B	1.63B	1.7B	1.76B	1.84B	1.91B	1.99B	2.07B	3.83B
Retained Earnings	569.95M	718.34M	1.07B	1.55B	1.94B	2.33B	3.1B	4.09B	5.07B	5.85B
Accumulated OCI	315K	0	0	0	0	0	0	0	0	0
Treasury Stock	-1.19B	-1.31B	-1.73B	-2.23B	-2.39B	-2.5B	-2.85B	-3.99B	-4.2B	-4.33B
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from Operations+	274.84M	443.78M	581.58M	623.87M	789.94M	453.13M	1.95B	512.61M	277.59M	0
Operating CF Growth %	-1.65%	61.47%	31.05%	7.27%	26.62%	-42.64%	329.36%	-73.65%	-45.85%	-100%
Net Income	191.93M	238.86M	439.46M	559.88M	472.64M	459.87M	845.7M	1.07B	1.06B	863.02M
Depreciation & Amortization	113.96M	122.36M	147.91M	161.11M	177.09M	230.69M	287.38M	354.2M	443.76M	0
Deferred Taxes	-11.55M	-9.39M	-1.75M	-18.61M	-23.68M	18.46M	-93.35M	-68.45M	-76.24M	0
Other Non-Cash Items	51.1M	68.95M	87.2M	95.61M	111.66M	180.72M	214.83M	287.37M	405.59M	-938.98M
Working Capital Changes	-95.5M	-5.53M	-120.39M	-206.98M	18.26M	-480.78M	638.41M	-1.2B	-1.65B	0
Cash from Investing+	-125.29M	-437.69M	-161.75M	-180.99M	-187.5M	-458.64M	-376.4M	-860.19M	-1.59B	0
Purchase of Investments	-4.02M	-5.97M	-6.14M	-3.75M	-6.51M	-1.74M	-18.35M	-8.93M	-4.77M	0
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	-322.82M	-27.93M	-25.85M	-30.56M	-245.91M	-56.46M	-453.48M	-1.02B	0
Other Investing	0	12K	0	0	0	0	0	0	-9.61M	0
Cash from Financing+	-126.37M	57.34M	-483.36M	-533.23M	-275.19M	278.84M	-504.27M	-208.53M	1.42B	0
Dividends Paid	-89.08M	-90.27M	-88.36M	-82.6M	-79.1M	-80.09M	-79.83M	-92.19M	-89.73M	0
Share Repurchases	-25.01M	-113.73M	-417.89M	-500.37M	-150.04M	-90.01M	-325.03M	-1.1B	-170.1M	0
Stock Issued	0	0	0	0	0	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	-1000K	1000K	-1000K	1000K	-1000K	1000K	-1000K	1000K	1000K	0
Other Financing	5.69M	57.15M	46.7M	16.68M	10.82M	-29M	1.7M	-34.81M	-80.53M	0
Net Change in Cash+	23.18M	63.43M	-63.54M	-90.34M	327.26M	273.33M	1.06B	-556.11M	102.89M	-2.68B
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	724.53M	747.71M	1.63B	1.56B	1.47B	1.8B	2.07B	3.14B	2.58B	2.68B
Cash at End	747.71M	811.14M	1.56B	1.47B	1.8B	2.07B	3.14B	2.58B	2.68B	0
Interest Paid	92.34M	92.65M	123.62M	126.95M	106.88M	103.69M	118.82M	191.35M	268.35M	0
Income Taxes Paid	122.91M	139.2M	122.22M	213.34M	169.24M	144.56M	238.16M	535.96M	320.26M	0
Free Cash Flow+	147.19M	171.55M	420.96M	467.48M	634.41M	237.15M	1.64B	109.33M	-284.94M	0
FCF Growth %	-28.85%	16.55%	145.39%	11.05%	35.71%	-62.62%	591.12%	-93.33%	-360.64%	100%

Banking Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	24.98%	26.75%	45.33%	56.05%	40.42%	30.81%	44.07%	50.22%	42.26%	20.86%
Return on Assets (ROA)	4.1%	4.69%	8.11%	9.86%	7.58%	6.3%	9.68%	10.73%	8.93%	5.43%
Net Interest Margin	-1.56%	-1.54%	-1.55%	-1.42%	-1.16%	-0.95%	-1.33%	-1.8%	-2.06%	-0.93%
Efficiency Ratio	13.92%	14.11%	13.94%	13.18%	12.98%	12.74%	13.15%	14.12%	13.75%	12.14%
Equity / Assets	16.98%	18.01%	17.78%	17.41%	19.93%	20.9%	22.86%	20.02%	22.01%	28.9%
Book Value / Share	9.12	10.48	10.75	12.1	16.29	20.44	26.67	26.7	38.85	67.6
NII Growth	-88.25%	-9.78%	-2.74%	1.56%	8.55%	0.68%	-66.45%	-47.98%	-46.77%	37.34%
Dividend Payout	46.41%	37.79%	20.11%	14.75%	16.74%	17.42%	9.44%	8.65%	8.48%	-

LPL Financial Holdings Inc. (LPLA) 10-Year Financial Performance & Capital Metrics

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LPL Financial Holdings Inc. (LPLA) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare LPLA vs Peers

vs SCHW

vs HOOD

Compare Top 5

Profit & Loss

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Deep Dive Analysis

Valuation Overview

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Dividend History

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