Other

Referral fee

LPL Financial Holdings Referral fee increased by 3.7% to $109.93M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 19.9%, from $91.64M to $109.93M. Over 2 years (FY 2023 to FY 2025), Referral fee shows an upward trend with a 36.4% CAGR.

Analysis

StatementBalance Sheet Statement
SectionOther
CategoryGrowth
SignalContext dependent
VolatilityModerate
First reportedQ4 2023
Last reportedQ1 2026

How to read this metric

Higher values indicate aggressive investment in advisor recruitment and platform growth.

Detailed definition

This represents costs incurred to acquire advisor relationships that are capitalized and amortized over the expected lif...

Peer comparison

Common in independent broker-dealer models where advisor recruitment is the primary growth driver.

Metric ID: other_capitalized_advisor_referral_fee

Historical Data

7 periods
 Q4 '23Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$57.03M$85.78M$91.64M$98.66M$105.35M$106.04M$109.93M
QoQ Change—+50.4%+6.8%+7.7%+6.8%+0.7%+3.7%
YoY Change—+50.4%———+23.6%+19.9%
Range$57.03M – $109.93M
CAGR+54.9%
Avg YoY Growth+31.3%
Median YoY Growth+23.6%
Current Streak6+ quarters growth

Frequently Asked Questions

What is LPL Financial Holdings's referral fee?
LPL Financial Holdings (LPLA) reported referral fee of $109.93M in Q1 2026.
How has LPL Financial Holdings's referral fee changed year-over-year?
LPL Financial Holdings's referral fee increased by 19.9% year-over-year, from $91.64M to $109.93M.
What is the long-term trend for LPL Financial Holdings's referral fee?
Over 2 years (2023 to 2025), LPL Financial Holdings's referral fee has grown at a 36.4% compound annual growth rate (CAGR), from $57.03M to $106.04M.
What does referral fee mean?
Capitalized costs associated with acquiring new financial advisor relationships.