Last 47 quarters of trend data · Financial Services · Financial - Capital Markets
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 28.98 | 14.86 | 16.98 | 23.88 | — | 27.57 | 19.29 | 22.74 | 17.16 | 21.62 | 17.25 | 19.97 | 20.42 | 14.89 | 11.93 | 13.75 | 19.10 | 23.41 | 27.85 | 30.32 | 31.10 |
| — | -46.1% | -12.0% | +5.0% | — | +27.5% | +11.8% | +13.9% | -16.0% | +45.2% | +44.5% | +45.2% | +6.9% | -36.4% | -57.1% | -54.6% | -38.6% | +1.3% | +24.6% | +60.6% | +109.3% | |
| P/S Ratio | 1.53 | 1.11 | 1.25 | 1.49 | 1.50 | 1.95 | 1.71 | 1.79 | 1.44 | 1.84 | 1.80 | 1.68 | 1.85 | 1.75 | 1.70 | 1.91 | 2.08 | 1.87 | 1.83 | 1.58 | 1.61 |
| — | -43.1% | -27.0% | -17.0% | +4.2% | +6.2% | -4.7% | +7.0% | -22.2% | +4.9% | +5.7% | -12.4% | -11.1% | -6.1% | -6.9% | +20.9% | +29.5% | +26.9% | +6.0% | +16.9% | +49.6% | |
| P/B Ratio | 4.68 | 3.93 | 4.26 | 5.37 | 5.30 | 5.75 | 7.87 | 8.39 | 6.33 | 8.39 | 8.78 | 8.35 | 8.77 | 8.01 | 7.38 | 8.10 | 8.88 | 8.14 | 8.59 | 7.83 | 7.94 |
| — | -31.7% | -45.9% | -36.0% | -16.2% | -31.5% | -10.4% | +0.6% | -27.8% | +4.7% | +19.0% | +3.0% | -1.2% | -1.6% | -14.1% | +3.5% | +11.8% | +14.8% | +6.2% | +22.2% | +55.2% | |
| P/FCF | — | 29.36 | 44.93 | 14.65 | — | 129.45 | 27.88 | — | 70.42 | — | 16.35 | 118.22 | 58.66 | 14.09 | — | — | 2.17 | — | — | 18.44 | 15.77 |
| — | -77.3% | +61.2% | — | — | — | +70.5% | — | +20.0% | — | — | — | +2599.6% | — | — | — | -86.2% | — | — | +147.3% | -12.7% | |
| EV / EBITDA | 10.82 | 7.54 | 8.91 | 11.35 | 34.97 | 13.10 | 11.46 | 13.16 | 9.46 | 12.32 | 10.79 | 11.72 | 11.39 | 9.38 | 8.33 | 9.22 | 11.76 | 13.90 | 15.76 | 17.39 | 16.46 |
| — | -42.5% | -22.3% | -13.8% | +269.6% | +6.3% | +6.2% | +12.3% | -16.9% | +31.3% | +29.5% | +27.1% | -3.1% | -32.5% | -47.1% | -47.0% | -28.6% | +3.4% | +26.4% | +47.6% | +69.4% | |
| EV / EBIT | 13.80 | 8.57 | 12.48 | 17.36 | 114.63 | 17.03 | 14.56 | 17.35 | 12.49 | 15.50 | 13.19 | 14.97 | 14.27 | 11.23 | 9.71 | 10.78 | 14.33 | 17.92 | 21.00 | 23.89 | 22.44 |
| — | -49.6% | -14.3% | +0.0% | +817.4% | +9.9% | +10.4% | +15.9% | -12.4% | +38.1% | +35.8% | +38.9% | -0.4% | -37.3% | -53.7% | -54.9% | -36.1% | +2.3% | +19.7% | +59.8% | +80.9% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 25.6% | 31.4% | 25.2% | 23.7% | 19.7% | 25.8% | 26.3% | 25.8% | 27.8% | 27.5% | 28.0% | 28.0% | 30.3% | 30.8% | 32.6% | 32.1% | 29.1% | 25.2% | 23.1% | 20.7% | 22.0% |
| — | +21.6% | -4.2% | -8.1% | -29.0% | -6.1% | -6.1% | -7.8% | -8.4% | -10.6% | -13.9% | -12.8% | +4.2% | +21.9% | +41.1% | +55.1% | +32.1% | +14.6% | -5.6% | -10.6% | -9.2% | |
| Operating Margin | 13.4% | 15.4% | 13.1% | 11.8% | 1.6% | 12.4% | 13.7% | 12.1% | 14.1% | 13.5% | 15.3% | 13.2% | 14.5% | 17.6% | 20.0% | 19.6% | 15.7% | 11.8% | 9.7% | 7.8% | 8.2% |
| — | +24.4% | -4.6% | -2.1% | -88.7% | -8.0% | -10.6% | -8.5% | -3.0% | -23.4% | -23.4% | -32.7% | -7.7% | +48.6% | +106.0% | +150.2% | +92.4% | +20.1% | -22.7% | -27.6% | -25.7% | |
| Net Margin | 5.1% | 7.3% | 7.2% | 6.1% | -0.6% | 7.1% | 8.7% | 7.7% | 8.2% | 8.3% | 10.2% | 8.2% | 8.9% | 11.6% | 14.0% | 13.7% | 10.7% | 7.9% | 6.5% | 5.2% | 5.1% |
| — | +2.6% | -16.9% | -20.9% | -107.9% | -14.3% | -14.9% | -6.3% | -7.6% | -28.1% | -27.3% | -39.8% | -17.2% | +46.9% | +116.5% | +165.0% | +110.6% | +25.5% | -14.7% | -26.8% | -28.2% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 20.9% | 6.6% | 6.5% | 5.8% | -0.6% | 6.7% | 10.5% | 9.5% | 9.7% | 10.2% | 13.3% | 10.4% | 10.6% | 13.2% | 15.5% | 15.3% | 12.1% | 9.0% | 7.9% | 6.6% | 6.5% |
| — | -0.6% | -38.6% | -39.0% | -106.0% | -34.6% | -20.8% | -9.0% | -9.3% | -23.0% | -14.6% | -31.9% | -11.9% | +47.5% | +97.9% | +132.9% | +86.0% | +12.6% | -16.7% | -25.6% | -27.5% | |
| ROA | 5.4% | 2.0% | 1.9% | 1.6% | -0.2% | 1.7% | 2.3% | 2.1% | 2.2% | 2.2% | 2.7% | 2.2% | 2.4% | 3.1% | 3.6% | 3.3% | 2.7% | 2.1% | 1.7% | 1.4% | 1.4% |
| — | +13.0% | -18.2% | -23.2% | -107.6% | -19.7% | -13.4% | -2.1% | -8.3% | -29.6% | -25.8% | -34.2% | -10.9% | +48.6% | +114.2% | +139.3% | +91.1% | +20.2% | -13.5% | -20.9% | -19.4% | |
| ROIC | 16.1% | 4.5% | 3.7% | 3.4% | 0.4% | 3.3% | 4.2% | 3.9% | 4.5% | 4.4% | 5.3% | 4.5% | 5.1% | 6.1% | 7.0% | 6.8% | 5.2% | 3.8% | 3.2% | 2.6% | 2.7% |
| — | +34.9% | -12.9% | -12.5% | -90.4% | -24.2% | -19.2% | -13.4% | -11.8% | -28.6% | -24.8% | -33.1% | -2.7% | +60.7% | +118.5% | +157.5% | +92.2% | +16.0% | -21.4% | -20.6% | -15.2% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.36 | 1.30 | 1.39 | 1.36 | 1.53 | 1.45 | 1.91 | 1.96 | 1.69 | 1.86 | 1.80 | 1.91 | 1.61 | 1.52 | 1.40 | 1.36 | 1.48 | 1.60 | 1.70 | 1.83 | 1.83 |
| — | -10.4% | -27.2% | -30.7% | -9.5% | -22.1% | +6.1% | +2.9% | +5.2% | +21.9% | +28.1% | +40.1% | +8.6% | -5.0% | -17.6% | -25.5% | -19.4% | -15.9% | -5.2% | -7.4% | -14.6% | |
| Debt / EBITDA | 2.49 | 8.22 | 9.63 | 9.43 | 32.57 | 11.90 | 9.32 | 10.30 | 8.54 | 9.42 | 7.69 | 8.91 | 7.32 | 6.23 | 5.46 | 5.53 | 7.13 | 9.52 | 11.06 | 13.57 | 13.18 |
| — | -30.9% | +3.3% | -8.4% | +281.5% | +26.4% | +21.3% | +15.6% | +16.7% | +51.1% | +40.8% | +61.1% | +2.6% | -34.6% | -50.6% | -59.2% | -45.9% | -21.9% | +14.9% | +13.4% | +4.1% | |
| Current Ratio | 2.42 | 2.46 | 24.24 | 2.42 | 2.24 | 3.03 | 2.19 | 1.62 | 2.06 | 2.06 | 1.59 | 1.60 | 1.57 | 1.54 | 1.61 | 1.58 | 1.47 | 1.77 | 1.74 | 1.63 | 1.36 |
| — | -18.9% | +1006.4% | +49.0% | +8.8% | +47.5% | +37.8% | +1.8% | +31.2% | +33.5% | -1.1% | +1.0% | +6.6% | -12.9% | -7.5% | -2.8% | +8.3% | +27.9% | +32.3% | +4.3% | +2.1% | |
| Quick Ratio | 2.42 | 2.46 | 24.24 | 2.42 | 2.24 | 3.03 | 2.19 | 1.62 | 2.06 | 2.06 | 1.59 | 1.60 | 1.57 | 1.54 | 1.61 | 1.58 | 1.47 | 1.77 | 1.74 | 1.63 | 1.36 |
| — | -18.9% | +1006.4% | +49.0% | +8.8% | +47.5% | +37.8% | +1.8% | +31.2% | +33.5% | -1.1% | +1.0% | +6.6% | -12.9% | -7.5% | -2.8% | +8.3% | +27.9% | +32.3% | +4.3% | +2.1% | |
| Interest Coverage | 3.85 | 7.86 | 5.83 | 4.76 | 0.68 | 4.49 | 5.86 | 5.16 | 6.12 | 6.13 | 7.23 | 6.40 | 7.57 | 9.67 | 12.34 | 12.31 | 10.24 | 8.38 | 7.37 | 6.04 | 6.10 |
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Includes 30+ ratios · 47 years · Updated daily
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Quick answers to the most common questions about buying LPLA stock.
LPL Financial Holdings Inc.'s current P/E is 29.0x. The average P/E over the last 3 quarters is 18.6x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
LPL Financial Holdings Inc.'s current operating margin is 13.4%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking LPL Financial Holdings Inc.'s business trajectory between earnings reports.