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

LPL Financial Metrics

BasicAdvanced
$25B
21.43
$14.60
0.66
$1.20
0.38%

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
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%

LPL Financial Earnings Performance

Company profitability
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
$3.69
$2.85
$2.45
$2.42
-
Expected
$3.55
$2.61
$2.05
$2.31
$3.94
Surprise
3.94%
9.20%
19.51%
4.63%
-
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.

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