LPL Financial/$LPLA
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About LPL Financial
LPL Financial is the largest US independent broker-dealer, with nearly 29,000 financial advisors affiliated with its platform and roughly 10 million associated customer accounts at the end of 2024. 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 $1.7 trillion in assets under management or advisory on its platform at year-end 2024. LPL specializes in the provision of 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.
Ticker
$LPLA
Sector
Primary listing
Employees
9,389
Headquarters
Website
LPL Financial Metrics
BasicAdvanced
$27B
23.23
$14.60
0.66
$1.20
0.35%
Price and volume
Market cap
$27B
Beta
0.66
52-week high
$403.58
52-week low
$252.55
Average daily volume
957K
Dividend rate
$1.20
Financial strength
Current ratio
3.176
Quick ratio
3.11
Long term debt to equity
141.396
Total debt to equity
146.766
Dividend payout ratio (TTM)
8.17%
Profitability
Gross margin (TTM)
32.66%
Net profit margin (TTM)
8.13%
Operating margin (TTM)
12.00%
Effective tax rate (TTM)
24.20%
Revenue per employee (TTM)
$1,470,000
Management effectiveness
Return on assets (TTM)
7.72%
Return on equity (TTM)
29.46%
Valuation
Price to earnings (TTM)
23.232
Price to revenue (TTM)
1.875
Price to book
5.35
Price to tangible book (TTM)
22.24
Price to free cash flow (TTM)
-1,430.548
Free cash flow yield (TTM)
-0.07%
Free cash flow per share (TTM)
-0.237
Dividend yield (TTM)
0.35%
Forward dividend yield
0.35%
Growth
Revenue change (TTM)
28.54%
Earnings per share change (TTM)
14.09%
3-year revenue growth (CAGR)
19.27%
10-year revenue growth (CAGR)
12.23%
3-year earnings per share growth (CAGR)
33.12%
10-year earnings per share growth (CAGR)
23.04%
3-year dividend per share growth (CAGR)
6.27%
10-year dividend per share growth (CAGR)
2.05%
What the Analysts think about LPL Financial
Analyst ratings (Buy, Hold, Sell) for LPL Financial stock.
Bulls say / Bears say
LPL Financial’s total assets under management reached $1.9 trillion in Q2 2025, representing a 28% year-over-year increase that underscores robust client asset growth. (Barron's)
Adjusted EPS grew 16% to $4.51 in Q2 2025, surpassing analysts’ forecasts of $4.23 and demonstrating strong operational leverage. (Barron's)
The pending acquisition of Commonwealth Financial Network for $2.7 billion will add approximately $285 billion in assets and nearly 2,900 advisors, accelerating scale and revenue diversification. (Barron's)
Organic net new assets slowed to $21 billion in Q2 2025, down from $29 billion a year ago, reflecting seasonality and market headwinds that may pressure future growth. (Barron's)
Total expenses surged 33% year-over-year to $3.5 billion in Q2 2025, driven by higher marketing and borrowing costs that compressed operating margins. (Barron's)
Achieving the 90% advisor retention target post-Commonwealth acquisition poses execution risk; failure to retain talent could dilute projected synergies and revenue additions. (Barron's)
Data summarised monthly by Lightyear AI. Last updated on 1 Oct 2025.
LPL Financial Financial Performance
Revenues and expenses
LPL Financial Earnings Performance
Company profitability
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.
Capital at risk
Upcoming events
No upcoming events
FAQs
What’s the current market cap for LPL Financial stock?
LPL Financial (LPLA) has a market cap of $27B as of October 24, 2025.
What is the P/E ratio for LPL Financial stock?
The price to earnings (P/E) ratio for LPL Financial (LPLA) stock is 23.23 as of October 24, 2025.
Does LPL Financial stock pay dividends?
Yes, the LPL Financial (LPLA) stock pays dividends to shareholders. As of October 24, 2025, the dividend rate is $1.2 and the yield is 0.35%. LPL Financial has a payout ratio of 8.17% on a trailing twelve-month basis.
When is the next LPL Financial dividend payment date?
The next LPL Financial (LPLA) dividend payment date is unconfirmed.
What is the beta indicator for LPL Financial?
LPL Financial (LPLA) has a beta rating of 0.66. This means that it is less volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 0.5 would mean it moves half as much as the market.