LPL Financial Holdings Inc.
About LPL Financial Holdings Inc.
LPL Financial is the largest US independent broker-dealer, with more than 32,000 financial advisors affiliated with its platform and roughly 11 million customer accounts at the end of 2025. The firm earns the bulk of its profit from interest income earned on client cash balances and from advisory fees and commissions tied to the $2.4 trillion in assets under management or advisory on its platform at year-end 2025. LPL specializes in providing turnkey wealth management services for affiliated independent advisors, but maintains a diverse array of affiliation modalities, running the gamut from more traditional employee models to a pure RIA custody approach. It earns tuck-in revenue from recordkeeping fees and the provision of software tools and services to its advisor base.
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Financial summary
- Revenue FY2025
- $17.0B
- Net income
- $863.0M
- Total assets
- $18.5B
- Market cap
- $23.1B
- Operating margin
- 6.8%
- Net margin
- 5.1%
Source: SEC EDGAR · updated Jun 7, 2026
Revenue & profit trend
Financial statements
Income statement
- Revenue
- $17.0B
- Operating expenses
- $15.8B
- Operating income
- $1.1B
- Income tax
- $286.5M
- Net income
- $863.0M
- EPS (basic)
- $10.97
- EPS (diluted)
- $10.92
Balance sheet
- Total assets
- $18.5B
- Current assets
- $18.5B
- Total liabilities
- $13.1B
- Current liabilities
- $13.1B
- Shareholders’ equity
- $5.3B
Cash flow
- Operating cash flow
- -$411.4M
- Investing cash flow
- -$2.4B
- Financing cash flow
- $3.2B
- Net cash flow
- $370.7M
Statements via Polygon.io (SEC filings)
15-minute delayed · data by Polygon.io
Past year
52-week range
- Market cap
- $23.1B
- P/E ratio
- 26.0
- EPS (diluted)
- $10.92
- Dividend yield
- 0.42%
- Shares outstanding
- 81.3M
- Open
- —
- Day range
- –
- Prev close
- —
- Volume
- —
- IPO date
- Nov 18, 2010
Market data by Polygon.io · prices are 15-minute delayed
At a glance
- Profitable — net income of $863.0M in FY2025.
- Revenue grew 120% from FY2021 to FY2025.
- Trading 29% below its 52-week high.
- Pays a dividend yielding about 0.42% annually.
- Valued at a price-to-earnings (P/E) ratio of 26.0.
Automatically generated from public filings and market data. Informational only — not investment advice or a recommendation to buy or sell any security.
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