LPL Financial Holdings Inc. (LPLA) — Analysis Summary
LPL Financial Holdings Inc. (LPLA) has a market cap of $28.44B with year-over-year revenue growth of +37.2%. Net margin stands at 5.1%. The stock trades at a P/E ratio of 28.2.
Key Takeaways
- Revenue changed +37.2% year-over-year
- Net margin of 5.1%
- P/E ratio of 28.2
Compared to other companies in the SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES sector, LPLA posted revenue growth of +37.2% and trades at a P/E of 28.2.
LPL Financial Holdings Inc. (LPLA)
UPDATED — ET · MARKET DATA POLYGON · FINANCIALS SEC EDGAR
Red Flags & WarningsHigh Risk Signals
Multiple material red flags are active and deserve closer underwriting before relying on any valuation output.
Interest coverage at 0.0x — earnings do not cover interest payments
The latest filing shows negative free cash flow.
Operating cash flow is negative while net income remains positive.
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.
Sector
SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES
Employees
10,081
Headquarters
SAN DIEGO, CA
Exchange
XNAS
Systematic competitive advantage assessment based on 4yr data
This assessment is based on quantitative analysis of historical financial data and does not constitute investment advice. Moat ratings may change with industry and competitive dynamics.
First version surfaces recent SEC Forms 3, 4, and 5 activity. It does not yet parse individual buy/sell transactions.
Capital Structure
Cash Flow
Annual Dividend/Share
$1.20
Dividend Yield
0.32%
Dividend History
Disclaimer: This is not financial advice. Data sourced from SEC EDGAR and Polygon.io. Past performance does not guarantee future results. Always conduct your own research before making investment decisions.