LPL Financial/$LPLA
1D1W1M3M6MYTD1Y5YMAX
Capital at risk
About LPL Financial
LPL Financial is the largest US independent broker/dealer, with more than 32,000 financial advisors, roughly 11 million customer accounts, and roughly $2.4 trillion in client assets under management or advisory affiliated with its platform 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, commissions, and asset-based fees. 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.
- Ticker
- $LPLA
- Sector
- Finance
- Primary listing
- NASDAQ
- Employees
- 10,081
- Headquarters
- San Diego, United States
- Website
- www.lpl.com
LPL Financial Metrics
BasicAdvanced
$25B
25.16
$12.55
0.48
$1.20
0.38%
Price and volume
Market cap
$25B
Beta
0.48
52-week high
$400.16
52-week low
$260.15
Average daily volume
810K
Dividend rate
$1.20
Financial strength
Current ratio
2.342
Quick ratio
2.285
Long term debt to equity
1.296
Total debt to equity
1.354
Dividend payout ratio (TTM)
9.54%
Profitability
Gross margin (TTM)
29.89%
Net profit margin (TTM)
5.25%
Operating margin (TTM)
10.89%
Effective tax rate (TTM)
26.16%
Revenue per employee (TTM)
$1,900,000
Management effectiveness
Return on assets (TTM)
5.40%
Return on equity (TTM)
18.59%
Valuation
Price to earnings (TTM)
25.158
Price to revenue (TTM)
1.315
Price to book
4.34
Price to tangible book (TTM)
-69.71
Price to free cash flow (TTM)
-26.843
Free cash flow yield (TTM)
-3.73%
Free cash flow per share (TTM)
-11.758
Dividend yield (TTM)
0.38%
Forward dividend yield
0.38%
Growth
Revenue change (TTM)
39.52%
Earnings per share change (TTM)
-14.07%
3-year revenue growth (CAGR)
27.65%
10-year revenue growth (CAGR)
16.92%
3-year earnings per share growth (CAGR)
-5.11%
10-year earnings per share growth (CAGR)
21.47%
3-year dividend per share growth (CAGR)
2.94%
10-year dividend per share growth (CAGR)
1.84%
What the Analysts think about LPL Financial
Analyst ratings (Buy, Hold, Sell) for LPL Financial stock.
Analyst projections of the future price of LPL Financial stock.
Bulls say / Bears say
Adjusted EPS rose 29% year on year to a record $5.84 in Q2, while advisory assets grew 46% to $1.5 trillion and reached 60.4% of client assets. A larger advisory base gives LPL more recurring fee income. (LPL Financial)
Recruiting momentum improved: assets from recruited advisers reached $25 billion in Q2, up 35% year on year, and organic net new assets were $23 billion. That offers a route to continued platform growth beyond market movements. (InvestmentNews, LPL Financial)
LPL raised its expected Commonwealth run-rate EBITDA to $435 million from $410 million and lowered its 2026 core G&A outlook. If the planned conversion delivers, the deal could add earnings while cost discipline supports margins. (LPL Financial)
Cash balances remain a source of earnings risk: they stood at $54.4 billion in August, below $57 billion at Q2 end, and BofA cut its Q3 EPS estimate citing lower cash balances. A continued decline could weigh on cash-related revenue. (GlobeNewswire, Investing.com)
Commonwealth asset retention was still in the mid-80% range in Q2, short of LPL's 90% goal, with the adviser conversion due in Q4. Departures or a difficult migration could dilute the deal's expected benefits. (InvestmentNews, LPL Financial)
Organic net new assets grew at a 4% annualised rate in Q2, and July's rate was reported at 3%. That points to modest underlying growth even as recruited assets rebounded. (LPL Financial, Yahoo Finance)
Data summarised monthly by Lightyear AI. Last updated on 5 Oct 2026.
LPL Financial Financial Performance
Revenues and expenses
LPL Financial Earnings Performance
Company profitability
Upcoming events
No upcoming events
LPL Financial News
AllArticlesVideos
Funds containing LPL Financial
AllUSDEURGBP
Fund name | Fund size | $LPLA weighting |
|---|---|---|
VanEck Morningstar Wide Moat£MOGB | $376M | 2.27% |
VanEck Morningstar Wide Moat€GMVM | $376M | 2.27% |
VanEck Morningstar Wide Moat$MOAT | $396M | 2.27% |
iShares Ageing Population$AGED | $953M | 0.54% |
iShares Ageing Population£AGES | $953M | 0.54% |
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.
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