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.
LPL Financial Holdings Inc.'s quarterly P/E stands at 23.9x, up 5.0% year-over-year. EV/EBITDA has compressed 13.8% YoY to 11.4x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 26.92 | 23.88 | — | 27.57 | 19.29 | 22.74 | 17.16 | 21.62 | 17.25 | 19.97 | 20.42 | 14.89 | 11.93 |
| — | +5.0% | — | +27.5% | +11.8% | +13.9% | -16.0% | +45.2% | +44.5% | +45.2% | +6.9% | -36.4% | -57.1% | |
| P/S Ratio | 1.39 | 1.46 | 1.47 | 1.90 | 1.67 | 1.75 | 1.41 | 1.80 | 1.76 | 1.64 | 1.82 | 1.72 | 1.67 |
| — | -16.9% | +4.1% | +5.6% | -4.9% | +6.7% | -22.4% | +4.5% | +5.1% | -12.8% | -11.4% | -6.5% | -7.2% | |
| P/B Ratio | 4.35 | 5.37 | 5.30 | 5.75 | 7.87 | 8.39 | 6.33 | 8.39 | 8.78 | 8.35 | 8.77 | 8.01 | 7.38 |
| — | -36.0% | -16.2% | -31.5% | -10.4% | +0.6% | -27.8% | +4.7% | +19.0% | +3.0% | -1.2% | -1.6% | -14.1% | |
| P/FCF | — | 14.65 | — | 129.45 | 27.88 | — | 70.42 | — | 16.35 | 118.22 | 58.66 | 14.09 | — |
| — | — | — | — | +70.5% | — | +20.0% | — | — | — | +2599.6% | — | — | |
| EV / EBITDA | 10.22 | 11.35 | 34.97 | 13.10 | 11.46 | 13.16 | 9.46 | 12.32 | 10.79 | 11.72 | 11.39 | 9.38 | 8.33 |
| — | -13.8% | +269.6% | +6.3% | +6.2% | +12.3% | -16.9% | +31.3% | +29.5% | +27.1% | -3.1% | -32.5% | -47.1% | |
| EV / EBIT | 13.04 | 17.36 | 114.63 | 17.03 | 14.56 | 17.35 | 12.49 | 15.50 | 13.19 | 14.97 | 14.27 | 11.23 | 9.71 |
| — | +0.0% | +817.4% | +9.9% | +10.4% | +15.9% | -12.4% | +38.1% | +35.8% | +38.9% | -0.4% | -37.3% | -53.7% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
LPL Financial Holdings Inc.'s operating margin was 11.8% in Q4 2025, up 10.2 pp QoQ and down 0.3 pp YoY. The trailing four-quarter average of 9.9% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin contracted 8.1% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 25.6% | 23.7% | 19.7% | 25.8% | 26.3% | 25.8% | 27.8% | 27.5% | 28.0% | 28.0% | 30.3% | 30.8% | 32.6% |
| — | -8.1% | -29.0% | -6.1% | -6.1% | -7.8% | -8.4% | -10.6% | -13.9% | -12.8% | +4.2% | +21.9% | +41.1% | |
| Operating Margin | 13.4% | 11.8% | 1.6% | 12.4% | 13.7% | 12.1% | 14.1% | 13.5% | 15.3% | 13.2% | 14.5% | 17.6% | 20.0% |
| — | -2.1% | -88.7% | -8.0% | -10.6% | -8.5% | -3.0% | -23.4% | -23.4% | -32.7% | -7.7% | +48.6% | +106.0% | |
| Net Margin | 5.1% | 6.1% | -0.6% | 7.1% | 8.7% | 7.7% | 8.2% | 8.3% | 10.2% | 8.2% | 8.9% | 11.6% | 14.0% |
| — | -20.9% | -107.9% | -14.3% | -14.9% | -6.3% | -7.6% | -28.1% | -27.3% | -39.8% | -17.2% | +46.9% | +116.5% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 20.9% | 5.8% | -0.6% | 6.7% | 10.5% | 9.5% | 9.7% | 10.2% | 13.3% | 10.4% | 10.6% | 13.2% | 15.5% |
| — | -39.0% | -106.0% | -34.6% | -20.8% | -9.0% | -9.3% | -23.0% | -14.6% | -31.9% | -11.9% | +47.5% | +97.9% | |
| ROA | 5.4% | 1.6% | -0.2% | 1.7% | 2.3% | 2.1% | 2.2% | 2.2% | 2.7% | 2.2% | 2.4% | 3.1% | 3.6% |
| — | -23.2% | -107.6% | -19.7% | -13.4% | -2.1% | -8.3% | -29.6% | -25.8% | -34.2% | -10.9% | +48.6% | +114.2% | |
| ROIC | 16.1% | 3.4% | 0.4% | 3.3% | 4.2% | 3.9% | 4.5% | 4.4% | 5.3% | 4.5% | 5.1% | 6.1% | 7.0% |
| — | -12.5% | -90.4% | -24.2% | -19.2% | -13.4% | -11.8% | -28.6% | -24.8% | -33.1% | -2.7% | +60.7% | +118.5% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
LPL Financial Holdings Inc.'s Debt/EBITDA ratio is 9.4x, down from 32.6x last quarter — elevated, raising questions about debt serviceability. The current ratio has improved 49.0% YoY to 2.42x, strengthening the short-term liquidity position.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.36 | 1.36 | 1.53 | 1.45 | 1.91 | 1.96 | 1.69 | 1.86 | 1.80 | 1.91 | 1.61 | 1.52 | 1.40 |
| — | -30.7% | -9.5% | -22.1% | +6.1% | +2.9% | +5.2% | +21.9% | +28.1% | +40.1% | +8.6% | -5.0% | -17.6% | |
| Debt / EBITDA | 2.49 | 9.43 | 32.57 | 11.90 | 9.32 | 10.30 | 8.54 | 9.42 | 7.69 | 8.91 | 7.32 | 6.23 | 5.46 |
| — | -8.4% | +281.5% | +26.4% | +21.3% | +15.6% | +16.7% | +51.1% | +40.8% | +61.1% | +2.6% | -34.6% | -50.6% | |
| Current Ratio | 2.42 | 2.42 | 2.24 | 3.03 | 2.19 | 1.62 | 2.06 | 2.06 | 1.59 | 1.60 | 1.57 | 1.54 | 1.61 |
| — | +49.0% | +8.8% | +47.5% | +37.8% | +1.8% | +31.2% | +33.5% | -1.1% | +1.0% | +6.6% | -12.9% | -7.5% | |
| Quick Ratio | 2.42 | 2.42 | 2.24 | 3.03 | 2.19 | 1.62 | 2.06 | 2.06 | 1.59 | 1.60 | 1.57 | 1.54 | 1.61 |
| — | +49.0% | +8.8% | +47.5% | +37.8% | +1.8% | +31.2% | +33.5% | -1.1% | +1.0% | +6.6% | -12.9% | -7.5% | |
| Interest Coverage | 3.85 | 4.76 | 0.68 | 4.49 | 5.86 | 5.16 | 6.12 | 6.13 | 7.23 | 6.40 | 7.57 | 9.67 | 12.34 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
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 26.9x. The average P/E over the last 3 quarters is 23.6x. 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 compressing 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.