Benzinga·1d ago
Nasdaq 100 Flirts with Records, Oil Sinks for Fifth Day: Stock Market TodayThe Nasdaq 100 carved out a fresh intraday record by midday Tuesday as the artificial intelligence trade powered ahead.
LPLA's accelerating revenue growth, driven by a 48% YoY increase in total revenue to $5.2B in 2026Q2, is underpinned by fee income representing 99.1% of revenue, yet the $3.5B provision expense (67% of revenue) and negative NIM of -0.3% signal strained profita...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue surged 48% YoY to $5.2B in 2026Q2 with fee income at 99.1% of total, but provision expenses of $3.5B (67% of revenue) and negative NIM of -0.3% pressured net income to $379.3M, reflecting strained profitability.
LPL Financial has demonstrated substantial organic growth driven by successful retention and recruitment strategies for financial advisors. The company has an 8.7% annual growth rate in advisor headcount over a decade, significantly outpacing the industry average, with a high asset retention rate exceeding 97%.
The firm has seen a notable increase in cash sweep balances, reaching $50.6 billion, which is expected to enhance profitability through increased interest income. LPL Financial's assets under management (AUM) are substantial, standing at $2.4 trillion at the end of 2025, with an 8.4% year-over-year revenue growth reported in a recent quarter.
LPL Financial has a history of exceeding earnings per share (EPS) expectations, recently reporting EPS of $5.23, beating consensus estimates. The company shows strong operational efficiency, with a high return on equity (ROE) of 59.3% and return on invested capital (ROIC) of 32.4%.
Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Jul 30, 2026 | $5.84+8.3% vs $5.39 | $5.2B+3.0% vs $5.0B |
Q2 2026 Apr 30, 2026 | $5.60+2.2% vs $5.48 | $4.9B-0.9% vs $5.0B |
Q1 2026 Jan 29, 2026 | $5.23+6.3% vs $4.92 | $4.9B+0.5% vs $4.9B |
Q4 2025 Oct 30, 2025 | $5.20+15.8% vs $4.49 | $4.6B+4.6% vs $4.4B |
The Nasdaq 100 carved out a fresh intraday record by midday Tuesday as the artificial intelligence trade powered ahead.
SAN ANTONIO--(BUSINESS WIRE)--Valero Energy Corporation (NYSE: VLO, “Valero”) announced today that Matt Audette has been elected as an independent director to Valero's board of directors (the “Board”) and has joined the Board's Audit Committee, effective immediately. Mr. Audette is the President and Chief Financial Officer of LPL Financial Holdings Inc. (NASDAQ: LPLA, “LPL”), a publicly traded company that serves the financial advisor-mediated marketplace as the nation's largest independent bro.
Katharine Reeping disposed of $152,719 in stock at $347.88 per share, reducing her direct holdings by 20% while retaining restricted stock units vesting through 2029.
SAN DIEGO, Sept. 15, 2026 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisors Bill Wagner, CFP®, RICP®, Scott Sennett and Andrew Kocukov of Horizon Wealth Management Group have joined LPL Financial's broker-dealer and Registered Investment Advisor (RIA) platforms. The team reported serving approximately $385 million in advisory, brokerage and retirement plan assets* and joins LPL from Wells Fargo Advisors Financial Network.
Benchmark LPLA against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for LPL Financial Holdings Inc. (LPLA)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $307.50 | $24.59B | 28.16 | 36.95% | 5.08% | 20.86% | 0.39% | |
| $159.39 | $30.62B | 15.47 | 11.28% | 13.62% | 17.43% | — | |
| $73.18 | $11.09B | 12.45 | 11.67% | 14.28% | 16.07% | — | |
| $0.72 | $5.44M | 0.25 | 5.81% | 100.3% | 12.95% | — | |
| $23.34 | $1.45B | 12.28 | 64.73% | 48.19% | 11.04% | — | |
| $100.35 | $174.52B | 21.53 | 22.01% | 33.62% | 20.4% | — |
LPL Financial Holdings Inc. (LPLA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
LPL Financial Holdings Inc. (LPLA) SEC filings — annual & quarterly reports (10-K, 10-Q)
Jul 30, 2026·SEC
May 15, 2026·SEC
Apr 30, 2026·SEC
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LPL Financial Holdings Inc. (LPLA) stock FAQ — growth, dividends, profitability & financials explained
LPL Financial Holdings Inc. (LPLA) grew revenue by 37.0% over the past year. This is strong growth.
Yes, LPL Financial Holdings Inc. (LPLA) is profitable, generating $1.01B in net income for fiscal year 2025 (5.1% net margin).
Yes, LPL Financial Holdings Inc. (LPLA) pays a dividend with a yield of 0.39%. This makes it attractive for income-focused investors.
LPL Financial Holdings Inc. (LPLA) has a return on equity (ROE) of 20.9%. This is excellent, indicating efficient use of shareholder capital.
LPL Financial Holdings Inc. (LPLA) has a net interest margin (NIM) of -0.9%. NIM has been under pressure due to interest rate environment.
LPL Financial Holdings Inc. (LPLA) has an efficiency ratio of 12.1%. This is excellent, indicating strong cost control.
