LPLA - NASDAQ

LPL Financial Holdings Inc.

LPLA·NASDAQ

$282.67

+3.7%

Financial ServicesFinancial - Capital Markets

LPL Financial Holdings Inc., together with its subsidiaries, provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at financial institutions in the United States. Its brokerage offerings include variable and fixed annuities, mutual funds, equities, retirement and education savings plans, fixed income, and insurance, as well as alternative investments, such as non-traded real estate investment trusts and auction rate notes. The company also provides advisory platforms that provide access to mutual funds, exchange-traded funds, stocks, bonds, certain option strategies, unit investment trusts, and institutional money managers and no-load multi-manager variable annuities. In addition, it offers money market programs; and retirement solutions for commission-and fee-based services that allow advisors to provide brokerage services, consultation, and advice to retirement plan sponsors. Further, the company provides other services comprising tools and services that enable advisors to maintain and grow their practices; trust, investment management oversight, and custodial services to trusts for estates and families, as well as insurance brokerage general agency services; and technology products, such as proposal generation, investment analytics, and portfolio modeling. The company was formerly known as LPL Investment Holdings Inc. and changed its name to LPL Financial Holdings Inc. in June 2012. LPL Financial Holdings Inc. was founded in 1989 and is based in San Diego, California.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$22.61B

EPS10.9700

P/E Ratio25.77

Earnings Date07/30/2026

18.49B

Assets

39%

3Y+95.0%

5Y+180.0%

10Y+282.0%

13.15B

Total Liabilities

27%

3Y+80.0%

5Y+149.0%

10Y+228.0%

5.34B

Total Equity

82%

3Y+147.0%

5Y+306.0%

10Y+551.0%

LPL Financial Holdings Inc. Funding & Solvency Profile

LPLA · NASDAQ

Current Assets

Cash & Cash Equivalents1.04B

Net Receivables5.76B

Inventory0.00

Other Current Assets1.93B

Total Current Assets9 B

Non-Current Assets

Property, Plant & Equipment1.41B

Goodwill & Intangible Assets5.98B

Long-Term Investments91.53M

Other Non-Current Assets2.20B

Total Non-Current Assets4 B

Total Assets

18.49B

Financial Health Analysis

Current Ratio

2.42x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

2.46x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

5 B

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

48% Current

Balanced asset mix between current and non-current assets, typical of many stable businesses.

Financial Health Insight

Mixed signals: Strong short-term liquidity provides comfort, but high overall leverage requires careful monitoring of debt servicing capabilities and refinancing risk.

LPL Financial Holdings Inc. Balance Sheet

LPLA • NASDAQ

LPL Financial Holdings Inc. Balance Sheet	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009	Dec 2008	Dec 2007	Dec 2006
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	1B	967.1M	465.7M	847.5M	495.2M	808.6M	590.2M	511.1M	811.1M	747.7M	724.5M	412.3M	516.6M	466.3M	720.8M	419.2M	378.6M	219.2M	188M	245.2M
Short-Term Investments	91.5M	42.3M	76.1M	36.8M	19.7M	9.8M	25.9M	9.7M	11.4M	8.4M	7.7M	9.5M	7.6M	7.2M	5.4M	0.0	0.0	0.0	0.0	0.0
Cash & Short-Term Investments	1.1B	1B	541.8M	884.3M	514.9M	818.4M	616.2M	520.8M	822.5M	756.1M	732.2M	421.8M	524.1M	473.4M	726.2M	419.2M	378.6M	219.2M	188M	245.2M
Net Receivables	5.8B	3.9B	2.9B	2.4B	2.2B	1.5B	1.4B	1.1B	1B	906M	829.5M	834.4M	819.8M	778.8M	640.1M	796.2M	570.8M	626.3M	677.5M	485.2M
Accounts Receivables	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	540.4M	516.3M	0.0	0.0	0.0	522.8M	444.8M	474.4M	0.0	0.0	571.2M	416.1M
Other Receivables	5.8B	3.9B	2.9B	2.4B	2.2B	1.5B	1.4B	1.1B	460.6M	389.7M	829.5M	834.4M	819.8M	256M	195.3M	321.8M	570.8M	626.3M	106.3M	69.1M
Prepaids	0.0	194.7M	173M	144.6M	115M	100.4M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	25.2M	15.4M
Other Current Assets	1.9B	1.7B	2.1B	2.3B	1.6B	1B	902.1M	1.1B	821M	813.9M	703.5M	574M	513.8M	578.3M	383.8M	373.6M	288.6M	341.6M	170.6M	0.0
Total Current Assets	8.8B	6.8B	5.7B	5.7B	4.5B	3.5B	2.9B	2.7B	2.6B	2.5B	2.3B	1.8B	1.9B	1.8B	1.8B	1.6B	1.2B	1.2B	1.1B	745.8M
NON-CURRENT ASSETS
Property, Plant, and Equipment (Net)	1.4B	1.3B	1B	872.9M	753.9M	684.8M	635.5M	461.4M	412.7M	387.4M	275.4M	214.2M	189.1M	130.8M	91.3M	78.7M	101.6M	161.8M	156.8M	121.6M
Goodwill	2.6B	2.2B	1.9B	1.6B	1.6B	1.5B	1.5B	1.5B	1.4B	1.4B	1.4B	1.4B	1.4B	1.4B	1.3B	1.3B	1.3B	1.3B	1.3B	1.2B
Intangible Assets	3.3B	1.5B	671.6M	427.7M	455M	397.5M	439.8M	484.2M	414.1M	354M	392M	430.7M	464.5M	503.5M	537.7M	560.1M	597.1M	654.7M	684.1M	535.3M
Goodwill & Intangible Assets	6B	3.7B	2.5B	2.1B	2.1B	1.9B	1.9B	2B	1.8B	1.7B	1.8B	1.8B	1.8B	1.9B	1.9B	1.9B	1.9B	1.9B	2B	1.8B
Long-Term Investments	91.5M	293.9M	192.4M	138.1M	124.5M	85.8M	11.8M	13M	11.8M	8.9M	9.8M	8.6M	6.9M	10.2M	11.2M	18.8M	25.8M	21.3M	25.7M	18.2M
Tax Assets	0.0	129.9M	167.5M	99M	5.6M	24.1M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Non-Current Assets	2.2B	1.1B	778.6M	564.8M	556.7M	436.4M	401.3M	305.1M	447.8M	242.8M	206.8M	187.4M	156.3M	141.9M	92M	106.2M	78.2M	68.2M	71.6M	127.5M
Total Non-Current Assets	9.7B	6.5B	4.7B	3.7B	3.5B	3.1B	3B	2.8B	2.7B	2.4B	2.2B	2.2B	2.2B	2.2B	2.1B	2.1B	2.1B	2.2B	2.2B	2.1B
Total Assets	18.5B	13.3B	10.4B	9.5B	8B	6.6B	5.9B	5.5B	5.4B	4.8B	4.5B	4.1B	4B	4B	3.8B	3.6B	3.3B	3.4B	3.3B	2.8B
LIABILITIES
CURRENT LIABILITIES
Total Payables	0.0	2.6B	2.9B	3.3B	2.3B	1.9B	1.5B	1.3B	1.3B	1.2B	1B	882.9M	867M	1.1B	731.1M	661.2M	709.3M	772.3M	681.1M	359.3M
Accounts Payable	0.0	2.6B	2.9B	3.3B	2.3B	1.9B	1.2B	1.1B	1.1B	950.1M	767.3M	657.4M	624.5M	808.2M	542.6M	478.7M	559.3M	605.6M	543.3M	359.3M
Other Payables	0.0	0.0	0.0	0.0	0.0	0.0	238.8M	258M	186.4M	203.4M	245.8M	-657.4M	242.4M	256.2M	188.5M	182.5M	150M	166.7M	137.8M	0.0
Accrued Expenses	361.6M	324M	216.5M	203.3M	222.4M	187M	317.4M	296.6M	277.1M	249.5M	298.3M	309.2M	296.9M	245.3M	190M	200.7M	166.4M	100.3M	126.6M	70.1M
Short Term Debt	0.0	1B	280M	0.0	90M	0.0	45M	0.0	0.0	0.0	0.0	120.8M	10.8M	42.9M	14M	14M	0.0	90M	65M	3.7M
Tax Payables	0.0	0.0	0.0	0.0	0.0	28.1M	20.1M	33M	469K	4.6M	8.7M	0.0	4.3M	0.0	906K	0.0	24.2M	12.3M	10.6M	969K
Deferred Revenue	0.0	207.6M	156.2M	138.1M	160.9M	95.3M	82.8M	80.5M	72.2M	62.8M	65.5M	64.5M	73.7M	61.8M	59.5M	53.6M	45.8M	36.7M	40.9M	31.1M
Other Current Liabilities	3.3B	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-120.8M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Current Liabilities	3.6B	4.2B	3.6B	3.6B	2.7B	2.2B	1.9B	1.7B	1.6B	1.5B	1.4B	1.3B	1.2B	1.4B	994.6M	929.5M	921.5M	999.3M	913.5M	464.2M
NON-CURRENT LIABILITIES
Long Term Debt	7.3B	4.4B	3.5B	2.7B	2.7B	2.3B	2.4B	2.4B	2.4B	2.2B	2.2B	1.6B	1.5B	1.3B	1.3B	1.4B	1.4B	1.4B	1.4B	1.3B
Deferred Revenue (Non-Current)	0.0	0.0	0.0	138.1M	160.9M	95.3M	82.8M	80.5M	72.2M	62.8M	65.5M	64.5M	73.7M	61.8M	59.5M	53.6M	45.8M	36.7M	40.9M	31.1M
Deferred Tax Liabilities (Non-Current)	0.0	0.0	0.0	0.0	0.0	0.0	2.1M	18.3M	16M	25.6M	36.3M	66.2M	89.4M	118.2M	127.8M	130.2M	147.6M	185.2M	216.9M	245.9M
Other Non-Current Liabilities	2.2B	1.5B	1.1B	595.5M	460.1M	378M	263.8M	212.9M	213M	178.6M	78.6M	57.9M	7.1M	-20.8M	-29.1M	-13.6M	1.9M	-7.3M	-17.2M	85M
Total Non-Current Liabilities	9.5B	6.2B	4.7B	3.7B	3.6B	3.1B	3B	2.8B	2.8B	2.5B	2.4B	1.8B	1.7B	1.4B	1.5B	1.5B	1.6B	1.6B	1.6B	1.7B
Capital Lease Obligations	0.0	252.8M	228.9M	230.9M	236.4M	246.8M	250.5M	104.6M	107.5M	105.6M	59.9M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Liabilities	13.1B	10.4B	8.3B	7.3B	6.3B	5.3B	4.9B	4.5B	4.4B	4B	3.8B	3.1B	2.9B	2.8B	2.5B	2.5B	2.5B	2.6B	2.5B	2.2B
SHAREHOLDERS' EQUITY
Treasury Stock	-4.3B	-4.2B	-4B	-2.8B	-2.5B	-2.4B	-2.2B	-1.7B	-1.3B	-1.2B	-1.2B	-780.7M	-506.2M	-288M	-89M	0.0	0.0	0.0	0.0	0.0
Common Stock	136K	131K	130K	130K	129K	127K	126K	125K	123K	120K	119K	118K	117K	116K	110K	109K	87K	87K	86K	83K
Additional Paid-In Capital	3.8B	2.1B	2B	1.9B	1.8B	1.8B	1.7B	1.6B	1.6B	1.4B	1.4B	1.4B	1.3B	1.2B	1.1B	1.1B	679.3M	670.9M	664.6M	591.3M
Retained Earnings	5.9B	5.1B	4.1B	3.1B	2.3B	1.9B	1.6B	1.1B	718.3M	569.9M	469.1M	396.1M	313.6M	199.8M	296.8M	126.4M	183.3M	135.8M	90.3M	33.6M
Accumulated Other Comprehensive Income/Loss	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	315K	553K	937K	115K	0.0	-850K	-4.5M	-11.3M	-15.5M	-6.5M	1.9M
Other Total Stockholders' Equity	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-936K	-1.2M	0.0
Total Stockholders' Equity	5.3B	2.9B	2.1B	2.2B	1.7B	1.3B	1B	974.1M	965M	821M	715.6M	971.6M	1.1B	1.1B	1.3B	1.2B	850.9M	790.3M	747.2M	626.9M
Total Equity	5.3B	2.9B	2.1B	2.2B	1.7B	1.3B	1B	974.1M	965M	821M	715.6M	971.6M	1.1B	1.1B	1.3B	1.2B	850.9M	790.3M	747.2M	626.9M
SUMMARY
Total Liabilities & Equity	18.5B	13.3B	10.4B	9.5B	8B	6.6B	5.9B	5.5B	5.4B	4.8B	4.5B	4.1B	4B	4B	3.8B	3.6B	3.3B	3.4B	3.3B	2.8B
Total Investments	183.1M	336.2M	268.4M	174.9M	144.2M	95.6M	37.8M	22.7M	23.2M	17.3M	17.5M	18.1M	14.4M	17.4M	16.6M	18.8M	25.8M	21.3M	25.7M	18.2M
Total Debt	7.3B	5.7B	4B	2.9B	3.1B	2.6B	2.6B	2.5B	2.5B	2.3B	2.2B	1.7B	1.5B	1.3B	1.3B	1.4B	1.4B	1.5B	1.5B	1.3B
Net Debt	6.2B	4.8B	3.5B	2.1B	2.6B	1.8B	2.1B	2B	1.7B	1.5B	1.5B	1.3B	1B	851.6M	611.9M	967.4M	990.6M	1.2B	1.3B	1.1B
Shares Outstanding	80,036,953	80,036,953	80,036,953	80,036,953	80,036,953	80,036,953	80,036,953	80,036,953	80,036,953	80,036,953	80,036,953	80,036,953	80,036,953	80,036,953	80,036,953	80,036,953	80,036,953	80,036,953	80,036,953	80,036,953

SEC Filings

LPLA - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K 8-K 2026 N/A	May 15, 2026	May 14, 2026	2026	View Filing
10-Q 10-Q 2026 Q1 Q1	May 04, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 30, 2026	April 30, 2026	2026	View Filing
DEF 14A DEF 14A 2026 N/A	April 02, 2026	May 14, 2026	2026	View Filing
10-K 10-K 2025 FY FY	February 23, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	January 29, 2026	January 29, 2026	2026	View Filing
8-K 8-K 2026 N/A	January 08, 2026	January 05, 2026	2026	View Filing
10-Q 10-Q 2025 Q3 Q3	November 03, 2025	September 30, 2025	2025	View Filing
8-K 8-K 2025 N/A	October 30, 2025	October 30, 2025	2025	View Filing
10-Q 10-Q 2025 Q2 Q2	August 04, 2025	June 30, 2025	2025	View Filing

Showing 1 to 10 of 317 filings

Related Guides

Blog Categories

Continue your LPLA research with focused valuation guides.

Fundamentals

Decode statement quality and operating durability.

Accounting

Interpret line items with cleaner analytical framing.

Forecasting

Translate historical performance into forward scenarios.

Reference

Use practical frameworks for statement-led valuation.

Research Paths

Pick your next lens

Snapshot

Start with context, operating signals, and key market metrics.

Value Model

Stress test fair value across bear, base, and bull assumptions.

Statements

Validate revenue quality, margins, and balance sheet durability.

Earnings Call

Read management commentary and compare it with reported outcomes.

Dividends

Check payout sustainability and long-term distribution behavior.

Analyst Expectations

Review consensus spread and where estimate risk is concentrated.