Income StatementBalance SheetCash FlowSegments
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LPL Financial Holdings Income Statement

Revenue, expenses, and profitability over time

LPL Financial Holdings generated $18.3B in trailing twelve-month revenue, up 0.4% year-over-year. Net income was $900.9M with a 4.93% net margin. Diluted EPS is $11.23, which declined 0.2% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$18.3BNet Income (TTM)$900.9MEps Diluted (TTM)$11.23
Latest FilingQ1 2026
Report Date2026-05-04
Market Cap$23.6B
P/E Ratio26.25
ROE20.45%

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Common Stock Dividends Per Share Declared—$0.3$0.3$0.3—$0.3
Common Stock Dividends Per Share (Paid)—$0.3$0.3$0.3——
Capital Expenditures$165.5M$119.5M$137.0M$142.2M$171.7M$165.8M
Change in Other Liabilities$167.4M$148.8M—-$729.2M—$223.7M
Tax Withholding for Share-Based Payments$835.0K$29.5M$1.5M$1.6M$836.0K$19.2M
Common Stock Dividends Per Share—$0.3$0.3$0.3—$0.3
Common stock dividends per share cash paid—$0.3$0.3$0.3——
Dividends per share declared—$0.3$0.3$0.3—$0.3
Common Stock Dividends Per Share (Cash Paid)—$0.3$0.3$0.3——
Acquisitions, Net of Cash—$78.3M$111.9M$1.5B—$131.4M
Change in Accounts Payable and Accrued Liabilities—-$106.8M—$143.2M—-$72.6M
Finance Lease Interest Paid—$158.0K$55.0K——$0.0
Finance Lease Principal Paid—$156.0K$53.0K——$0.0
Net Change in Cash and Restricted Cash—$170.6M$3.1B——-$148.8M
Operating Lease Payments—$8.3M$9.3M$13.6M—$9.5M
ROU Asset Obtained - Operating Lease—$25.1M$5.2M$4.7M—$32.4M
Common Dividends Per Share Paid—$0.3$0.3$0.3——
Cash Dividend per Common Share—$0.3$0.3$0.3——
Number of reportable segments—1.00———1.00
Payments to acquire held-to-maturity securities—$1.3M$1.2M$1.3M—$1.2M
Dividends per share declared—$0.3$0.3$0.3—$0.3
Common Stock Dividends Per Share Declared—$0.3$0.3$0.3—$0.3
Interest Paid, Net$106.7M$53.6M$105.4M$79.4M$141.6M$72.3M
Share-based compensation expense related to employee stock plans—$19.2M$20.3M$19.4M—$23.1M
Advisory$1.6B$1.7B$1.7B$2.2B$2.5B$2.6B
Amortization Of Financing Costs$2.8M$7.9M$6.7M$3.5M$3.5M$3.5M
Amortization of capitalized software and acquired intangible assets$42.6M$43.5M$46.1M$64.7M$82.2M$67.2M
Stock options excluded as their inclusion would be anti-dilutive (in shares)—$91.1K$88.0K$1.3K—$150.1K
Asset-based—$695.2M$702.3M$782.3M—$820.8M
Asset-Based Fees Revenue$624.4M$749.0M$749.0M$749.0M$749.0M—
Capital investments accrued but not yet paid—$35.1M$0.0$8.2M$3.5M$40.8M
Changes In Accrued Commissions And Advisory Fees Payable—-$20.2M-$223.0K$37.4M—$8.6M
Advisory and commission$2.3B$2.4B$2.5B$3.0B$3.3B$3.3B
Dividends declared (in dollars per share)—$0.3$0.3$0.3—$0.3
Comprehensive Income (Loss), Net of Tax, Attributable to Parent—$318.6M$273.2M-$29.5M—$356.4M
Deferred taxes-$76.3M-$72.0K-$106.0K-$171.0K$53.3M-$21.9M
Dividends, Common Stock, Cash—$22.4M$24.0M$24.0M—$24.1M
Finance Lease Principal Payments—$156.0K$53.0K——$0.0
Goodwill Additions$304.5M$33.6M$10.9M$453.4M$0.0$14.4M
Purchase Price Adjustments—$6.7M-$10.6M$8.0M-$30.1M—
Income taxes paid$18.8M$9.0M$294.0M$11.2M$14.4M$12.3M
Accounts payable and other current liabilities$63.2M-$106.8M$74.4M$143.2M$50.5M-$72.6M
Increase (Decrease) in Receivable from Broker-Dealer and Clearing Organization—$35.7M$17.2M——$29.1M
Increase (Decrease) in Other Loans—$279.5M$170.0M$1.1B—$206.5M
Increase (Decrease) in Other Operating Assets$232.2M$100.0M$89.9M$48.1M$175.3M$53.9M
Other liabilities$167.4M$148.8M—-$729.2M—$223.7M
Increase (Decrease) in Other Receivables$60.7M$56.3M$11.6M$69.0M$133.5M$160.0M
Net change in unsettled security transactions-$81.9M$122.8M$21.6M——$157.2M
Increase (Decrease) In Right Of Use Assets And Lease Liabilities Net—-$540.0K—$1.4M—$4.2M
Increase (Decrease) in Debt Securities, Trading, and Equity Securities, FV-NI-$51.8M$81.0M$1.2M$29.3M-$123.1M$10.0M
Payables to clients—$146.6M$45.2M——-$191.3M
Increase Decrease Receivables From Clients—-$21.0M$96.7M$68.6M—$63.1M
Debt$82.0M$85.9M$105.6M$106.3M$105.6M$100.3M
Interest Income Operating$46.7M$43.9M$76.9M$60.9M$50.0M$45.2M
Interest Paid, Excluding Capitalized Interest, Operating Activity$106.7M$53.6M$105.4M$79.4M$141.6M$72.3M
Loan forgiveness—$89.7M$97.9M$107.9M—$138.6M
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation$934.8M$30.0M$3.1B$320.6M$0.0-$127.7M
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation-$1.0B-$199.2M-$250.5M-$1.7B-$253.4M-$311.5M
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation—$339.8M$193.3M-$1.7B—$290.4M
Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1—$129.0K$9.1M$77.6M—$16.8M
Number of Asset Acquisitions—9.007.005.00—6.00
Number Of Business And Asset Acquisitions5.7523.001.00———
Number of business combinations—2.003.001.00—2.00
Number of reportable segments—$1.0———$1.0
Operating Lease Payments$8.9M$8.3M$9.3M$13.6M$8.3M$9.5M
Membership and other income$33.9M-$19.2M$87.5M$68.9M$35.1M-$26.2M
Other Noncash Income (Expense)$33.1M-$2.5M-$2.5M-$220.0K$10.2M-$3.1M
Payment for Contingent Consideration Liability, Financing Activities$0.0$7.2M$26.0M$1.7M$12.5M$10.1M
Payment Of Financing Obligations—$0.0$222.0K$337.0K—$348.0K
Payments for Repurchase of Common Stock$100.1M$100.2M———$0.0
Payments of Debt Issuance Costs$573.0K$18.8M$12.2M$0.0$200.0K$0.0
Payments of Dividends$22.5M$22.4M$24.0M$24.0M$24.0M$24.1M
Payment, Tax Withholding, Share-Based Payment Arrangement$835.0K$29.5M$1.5M$1.6M$836.0K$19.2M
Payments to Acquire Businesses, Net of Cash Acquired$860.8M$78.3M$111.9M$1.5B$57.5M$131.4M
Payments to Acquire Held-to-Maturity Securities$0.0$1.3M$1.2M$1.3M$1.3M$1.2M
Payments to Acquire Other Investments—$0.0———$12.1M
Payments to Acquire Property, Plant, and Equipment$165.5M$119.5M$137.0M$142.2M$171.7M$165.8M
Prefunded acquisition$0.0$70.2M———$0.0
Net Proceeds from Issuance of Long-Term Debt—$1.2B$1.5B——$0.0
Proceeds from revolver$1.2B$69.0M$0.0$544.0M$263.0M$295.0M
Sales and maturities of investments$1.3M$1.3M$1.3M$1.4M$1.3M$1.3M
Cash received from option exercises$11.1M$7.5M$5.1M$4.3M$5.3M$5.0M
Promotional$162.1M$145.6M$177.6M$208.5M$205.5M$208.4M
Net additions (releases) charged to costs and expenses$5.5M-$749.0K$3.9M$5.8M$8.0M$8.5M
Repayments of Lines of Credit$103.0M$1.1B$0.0$200.0M$528.0M$374.0M
Right Of Use Asset Obtained In Exchange For Operating Lease Liability$11.2M$25.1M$5.2M$4.7M$22.8M$32.4M
Losses incurred—$9.6M$9.6M$16.3M—$9.5M
Self- Insurance Liabilities, Losses Paid—$5.5M$6.4M$5.7M—$4.6M
Service and fee$139.1M$145.2M$151.8M$174.7M$180.6M$211.0M
Stock-based compensation$26.8M$19.2M$20.3M$19.4M$20.4M$23.1M
Issuance of vested restricted stock units—-$29.5M-$1.5M-$1.6M—-$19.2M
Stock option exercises and other—$7.5M$5.1M$4.3M—$5.0M
Transaction and fee$61.5M$67.9M$60.5M$67.3M$75.1M$80.5M
Treasury stock, value, acquired—$100.2M-$240.0K$0.0——
Add: dilutive effect of potential common shares (in shares)—$512.0K$389.0K$340.0K—$333.0K
Other Comprehensive Income (Loss)—$318.6M$273.2M-$29.5M—$356.4M
Common Stock Dividends Per Share Declared—$0.3$0.3$0.3—$0.3
Common Stock Dividends Per Share Declared—$0.3$0.3$0.3—$0.3
Cash Dividends Paid—$22.4M$24.0M$24.0M—$24.1M
Stock Repurchased During Period, Value—$100.2M———$0.0

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Common Stock Dividends Per Share Declared—$0.3$0.3$0.3—$0.3
Weighted Average Diluted Shares Adjustment—$512.0K$389.0K$340.0K—$333.0K
Common Stock Dividends Per Share (Declared)—$0.3$0.3$0.3—$0.3
Common stock dividends per share cash paid—$0.3$0.3$0.3——
Dividends Per Share, Cash Paid—$0.3$0.3$0.3——
Common Stock Dividends Per Share Cash Paid—$0.3$0.3$0.3——
Common Stock Dividends Per Share Declared—$0.3$0.3$0.3—$0.3
Basic earnings per share$3.62$4.27$3.42$-0.37$3.78$4.45
Diluted earnings per share$3.58$4.24$3.40$-0.37$3.77$4.43
Common Stock Dividends Per Share Declared—$0.3$0.3$0.3—$0.3
Dividends Per Share Declared—$0.3$0.3$0.3—$0.3
Common Stock Dividends Per Share Declared—$0.3$0.3$0.3—$0.3
Common Stock Dividends Per Share Declared—$0.3$0.3$0.3—$0.3
Common stock dividends per share declared—$0.3$0.3$0.3—$0.3
Dividends Per Share Declared—$0.3$0.3$0.3—$0.3
Common Stock Dividends Per Share (Cash Paid)—$0.3$0.3$0.3——
Dividends per share declared—$0.3$0.3$0.3—$0.3
Weighted Average Diluted Shares Adjustment—$512.0K$389.0K$340.0K—$333.0K
Antidilutive Securities Excluded from EPS—91.1K88K1.3K—150.1K
Common Stock Dividends Per Share Declared—$0.3$0.3$0.3—$0.3
Dividends per share declared—$0.3$0.3$0.3—$0.3
Dividends per share declared—$0.3$0.3$0.3—$0.3
Dividends per Share Declared—$0.3$0.3$0.3—$0.3
Dividends per share declared—$0.30$0.30$0.30—$0.30
Dividends per common share—$0.3$0.3$0.3——
Dividends per share, cash paid—$0.30$0.30$0.30——
Dividends Per Share (Paid)—$0.3$0.3$0.3——
Common Stock Dividends Per Share Declared—$0.3$0.3$0.3—$0.3
Common Stock Dividends Per Share (Cash Paid)—$0.3$0.3$0.3——
Common stock dividends per share cash paid—$0.3$0.3$0.3——
Common Stock Dividends Per Share Declared—$0.3$0.3$0.3—$0.3
Common stock dividends per share cash paid—$0.3$0.3$0.3——
Common stock dividends per share declared—$0.3$0.3$0.3—$0.3
Common Stock Dividends Per Share Declared—$0.3$0.3$0.3—$0.3
Common Stock Dividends Per Share Declared—$0.3$0.3$0.3—$0.3
Common stock dividends per share declared—$0.3$0.3$0.3—$0.3
Weighted average number diluted shares outstanding adjustment—$512.0K$389.0K$340.0K—$333.0K
Weighted-average shares, basic25K74.6M80M80M461K80.1M
Weighted-average shares, diluted3K75.1M80.4M80.4M467K80.4M

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Stock-Based Compensation Expense$26.8M$19.2M$20.3M$19.4M$20.4M$23.1M
Amortization of Finite-Lived Intangible Assets$42.6M$43.5M$46.1M$64.7M$82.2M$67.2M
Share-Based Compensation Expense$26.8M$19.2M$20.3M$19.4M$20.4M$23.1M
Information processing and communications$18.8M$19.5M$21.4M$23.1M$21.9M$23.5M
Change in contingent consideration liability$11.2M$6.6M$309.0K$2.7M$14.6M$7.5M
Amortization expense$42.6M$43.5M$46.1M$64.7M$82.2M$67.2M
Compensation and benefits$321.9M$305.5M$319.1M$585.4M$376.0M$368.7M
Depreciation and amortization$92.0M$92.4M$96.2M$99.7M$105.1M$105.8M
Technology and communications expense$18.8M$19.5M$21.4M$23.1M$21.9M$23.5M
Brokerage, clearing and exchange fees$34.8M$44.1M$43.3M$43.3M$47.4M$55.5M
Information processing and communications$18.8M$19.5M$21.4M$23.1M$21.9M$23.5M
Stock-based compensation expense$26.8M$19.2M$20.3M$19.4M$20.4M$23.1M
Contingent consideration fair value adjustment—$6.6M$309.0K$2.7M—$7.5M
Occupancy and equipment$75.5M$77.2M$81.4M$299.7M$118.9M$118.5M
Other expenses$58.9M$48.7M$51.2M$54.6M$64.8M$64.4M
Other operating expenses$58.9M$48.7M$51.2M$54.6M$64.8M$64.4M
Professional fees$32.1M$36.3M$41.1M$75.5M$65.8M$50.4M
Provision for credit losses—-$749.0K$3.9M$5.8M—$8.5M
Share-Based Compensation$26.8M$19.2M$20.3M$19.4M$20.4M$23.1M
Total operating expenses$3.2B$3.3B$3.5B$4.6B$4.5B$4.5B

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other Non-Cash Income (Expense)$33.1M-$2.5M-$2.5M-$220.0K$10.2M-$3.1M
Cash Paid for Interest$106.7M$53.6M$105.4M$79.4M$141.6M$72.3M
Other non-cash income (expense)$33.1M-$2.5M-$2.5M-$220.0K$10.2M-$3.1M
Finance Lease Interest Payment—$158.0K$55.0K——$0.0
Interest expense—$53.6M$105.4M$79.4M—$72.3M
Other Non-Cash Income (Expense)$33.1M-$2.5M-$2.5M-$220.0K$10.2M-$3.1M
Other income (expense), net—-$2.5M-$2.5M-$220.0K—-$3.1M
Other Non-cash Income (Expense)$33.1M-$2.5M-$2.5M-$220.0K$10.2M-$3.1M
Interest Costs Capitalized$9.6M$1.4M$1.6M$1.5M$2.3M$2.3M
Other Non-Cash Income (Expense)$33.1M-$2.5M-$2.5M-$220.0K$10.2M-$3.1M
Interest expense on debt$82.0M$85.9M$105.6M$106.3M$105.6M$100.3M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Common Dividends Declared (Per Share)—$0.3$0.3$0.3—$0.3
Cash Dividends, Common Stock—$22.4M$24.0M$24.0M—$24.1M
Net income$270.7M$318.6M$273.2M-$29.5M$300.7M$356.4M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Brokerage commissions revenue$965.5M$1.0B$1.0B$1.2B$1.2B$1.2B
Revenue Recognized from Contract Liabilities—$206.9M$100.0K$400.0K—$264.1M
Brokerage commissions and fees$965.5M$1.0B$1.0B$1.2B$1.2B$1.2B
Brokerage Commissions Revenue$965.5M$1.0B$1.0B$1.2B$1.2B$1.2B
Total interest income$46.7M$43.9M$76.9M$60.9M$50.0M$45.2M
Total revenue$3.5B$3.7B$3.8B$4.6B$4.9B$4.9B
Membership and other income$33.9M-$19.2M$87.5M$68.9M$35.1M-$26.2M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$341.3M$417.3M$368.8M-$34.1M$397.6M$484.6M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$70.5M$98.7M$95.6M-$4.6M$96.8M$128.2M
Deferred Income Tax Expense (Benefit)—-$72.0K-$106.0K-$171.0K—-$21.9M