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LPL Financial Holdings Balance Sheet Statement

Assets, liabilities, and shareholders' equity

LPL Financial Holdings holds $18.8B in total assets. Shareholders' equity is $5.7B against $7.4B in total debt. Cash and equivalents total $2.9B. Based on the Q1 2026 filing.

Total Assets$18.8BTotal Stockholders Equity$5.7BLong Term Debt$7.2BCash And Equivalents$2.9B
Latest FilingQ1 2026
Report Date2026-05-04
Market Cap$22.8B
P/E Ratio25.34
ROE20.45%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$588.5M$479.8M$556.1M$768.2M$821.6M$744.9M
Accrued expenses$29.8M———$33.4M—
Accrued interest$9.4M———$12M—
Current portion of long-term debt$0———$0—
Customer Collateral Liabilities$1.9B$2B$2.1B$2B$2.3B$2.1B
Deferred revenue$207.6M$270M$263.3M$265.5M$265M$324.1M
Income taxes payable$134.8M$224.4M$60M$60M$69.3M$163.2M
Operating lease liabilities, current$147.7M$166.4M$163.4M$185.5M$204M$231.1M
Payables to Brokerage Clients$1.9B$2B$2.1B$2B$2.3B$2.1B
Payables to Broker Dealers and Clearing Organizations$76.5M$112.2M$129.5M$81.3M$70.9M$100M

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$633.8M$613.8M$710.5M$777.9M$803.2M$866.5M
Cash and cash equivalents$2.7B$2.9B$5.9B$2.8B$3.1B$2.9B
Securities segregated for regulatory purposes$1.6B$1.5B$1.6B$1.2B$1.8B$1.7B
Fair Value of Resellable Collateral$358.1M$460.5M$391.5M$435.4M$539.9M$655.1M
Fair Value of Resold Collateral$437.2M$332.2M$507.6M$572.4M$502.5M$399.7M
Other accounts receivable (net of allowances of $37 in 2026 and $37 in 2025)$902.8M$939.4M$951.1M$1.1B$1.2B$1.4B
Customer Collateral Assets$795.3M$792.7M$899.1M$1B$1B$1.1B
Trading assets$42.3M$122.7M$124.6M$199.9M$76.1M$84.9M
Financing Receivables$2.3B$2.5B$2.5B$3.6B$3.7B$3.7B
Income taxes receivable$20M———$53.2M$949K
Loans and Lending Commitments$2.3B$2.5B$2.5B$3.6B$3.7B$3.7B
Other Receivables$902.8M$939.4M$951.1M$1.1B$1.2B$1.4B
Prepaid expenses and other current assets$194.7M$232.3M$213.9M$180.6M$240M$264.4M
Receivables for Securities Failed to Deliver$7M———$10M—
Receivables from Brokerage Clients, Net$633.8M$613.8M$710.5M$777.9M$803.2M$866.5M
Restricted cash$119.7M$112.5M$116.7M$228.2M$225.3M$225.8M

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Additional paid-in capital$2.1B$2.1B$3.8B$3.8B$3.8B$3.9B
Common stock600M600M600M600M600M600M
Common Stock Par Value Per Share$0.00$0.00$0.00$0.00$0.00$0.00
Common Stock Shares Issued130.9M131.2M136.6M136.6M136.6M136.8M
Additional paid-in capital$2.1B$2.1B$3.8B$3.8B$3.8B$3.9B
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively$131K$131K$136K$136K$136K$137K
Treasury Stock, Value$4.2B$4.3B$4.3B$4.3B$4.3B$4.4B
Retained earnings$5.1B$5.4B$5.6B$5.6B$5.8B$6.2B
Share Repurchase Authorization Limit$730M$630M$630M$630M$630M$630M
Shares Reserved for Future Issuance Under Stock Plans12.5M11.6M11.6M11.7M11.7M10.7M
Total liabilities and stockholders' equity$13.3B$14B$17.5B$18B$18.5B$18.8B
Total stockholders' equity$2.9B$3.1B$5.1B$5B$5.3B$5.7B
Treasury stock$4.2B$4.3B$4.3B$4.3B$4.3B$4.4B

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gross loans$2.3B$2.5B$2.5B$3.6B$3.7B$3.7B
Purchased Credit Deteriorated Loans$2.3B$2.5B$2.5B$3.6B$3.7B$3.7B
Deferred Finance Costs, Gross—$10.4M————
Deferred tax assets$15.3M$134.9M$129.7M$131.5M$78.2M$100.1M
Deferred Tax Assets - Tax Credit Carryforwards$24.2M———$29M—
Available-for-sale securities$57.5M$138M$140M$215.2M$91.5M$100.3M
Held-to-maturity securities$15.2M$15.3M$15.3M$15.3M$15.4M$15.5M
Finite-Lived Intangible Assets - Expected Amortization Expense (Year One)$113.8M$114.3M$122.8M$224.9M$247.9M$257.1M
Finite Lived Intangible Assets - Gross$2.5B$4.5B$2.7B$4.4B$4.5B$4.7B
Goodwill$2.2B$2.2B$2.2B$2.7B$2.6B$2.7B
Indefinite-Lived Research and Development Assets$22.2M———$2.1M—
Intangible assets, net$1.4B$3.3B$1.6B$3.3B$3.3B$3.4B
Long-term investments$57.5M$138M$140M$215.2M$91.5M$100.3M
Net Investment in Lease$119.1M$136.8M$134M$157.6M$173.5M$196.4M
Net Operating Loss Carryforwards$24.2M———$29M—
Deferred tax assets$129.9M$134.9M$129.7M$131.5M$78.2M$100.1M
Intangible assets — net$1.4B$3.3B$1.6B$3.3B$3.3B$3.4B
Other intangible assets—net$1.5B$3.3B$1.6B$3.3B$3.3B$3.4B
Operating lease right-of-use assets$119.1M$136.8M$134M$157.6M$173.5M$196.4M
Other Assets$1.8B$1.8B$2B$2.1B$2.2B$2.2B
Property, plant and equipment, net$1.2B———$1.4B—
Property, plant and equipment at cost$2.6B———$3.2B—
Short-term investment securities (includes restricted investments of consolidated variable interest entities: 2026, $85; 2025, $84)$57.5M$138M$140M$215.2M$91.5M$100.3M
Operating lease right-of-use assets6.6%———6.3%—
Operating Lease Right-of-Use Assets in Other Assets$119.1M$136.8M$134M$157.6M$173.5M$196.4M
Other non-current assets$1.8B$1.8B$2B$2.1B$2.2B$2.2B
Accumulated depreciation$1.4B$1.3B$1.1B$1.2B$1.8B$1.3B
Property and equipment, net$1.2B$1.2B$1.3B$1.3B$1.4B$1.5B
Tax Credit Carryforward Valuation Allowance$23.2M———$24.1M—
Total assets$13.3B$14B$17.5B$18B$18.5B$18.8B

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Contingent Consideration Liability (Non-Current)$196.9M$161.4M$124.8M$128.9M$124M$134.3M
Debt Maturity - 2027$900M———$2.3B—
Debt Maturity - Thereafter$900M———$1.9B—
Unamortized Discount and Issuance Costs—$10.4M————
Debt - Unamortized Discount (Premium) and Issuance Costs, Net$22.3M$33.3M$45M$42.5M$40.3M$37.9M
Deferred Compensation Liability (Non-Current)$862.7M$859.2M$961.3M$1B$1.1B$1.1B
Deferred tax liabilities$298.1M———$428.7M—
Deferred Tax Liabilities - Unrealized Gains on Trading Securities$4.2M———$4.7M—
Long-term debt$5.5B$5.7B$7.2B$7.5B$7.3B$7.2B
Accounts payable, accrued expenses, and other liabilities (includes VIE balances of $159 and $183)$588.5M$479.8M$556.1M$768.2M$821.6M$744.9M
Payables to customers and broker-dealers$129.2M$252M$273.6M$195.7M$150.5M$307.7M
Operating Lease Liabilities (Total)$147.7M$166.4M$163.4M$185.5M$204M$231.1M
Other Debt Including Capitalized Leases$1B$0$0$344M$79M$0
Other non-current liabilities$2B$2.1B$2B$2.2B$2.2B$2.4B
Total liabilities$10.4B$10.8B$12.4B$13B$13.1B$13.1B
Unrecognized Tax Benefits$46.5M———$52.8M—
Unrecognized Tax Benefits - Impacting Effective Tax Rate$40.1M———$45.5M—
Unrecognized Tax Benefits - Income Tax Penalties and Interest Accrued$4.1M———$4.6M—

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Cumulative Cost Basis$2.6B———$3.2B—
Net Capital$443.7M$494.1M$758.7M$478.8M$336.2M$374M
Accrued Commissions And Advisory Fees Payable$324M$303.8M$303.6M$355.5M$361.6M$370.2M
Aggregate Erroneous Compensation Amount$23.8M—————
Business Combination, Contingent Consideration, Liability$196.9M$161.4M$124.8M$128.9M$124M$134.3M
Referral fee$85.8M$91.6M$98.7M$105.3M$106M$109.9M
Collateral Securities Repledged, Delivered, or Used$568.1M$566.2M$642.2M$719.9M$744.5M$753.4M
Common stock, par value (in dollars per share)$0$0$0$0$0$0
Common stock, shares authorized (in shares)$600M$600M$600M$600M$600M$600M
Common stock, shares issued (in shares)$130.9M$131.2M$136.6M$136.6M$136.6M$136.8M
Other Contractual Commitments$6.7M———$7.2M—
Contractual Obligation, to be Paid, Year Four$6.7M———$7.2M—
Contractual Obligation, to be Paid, Year Two$69.1M———$68.6M—
Contractual Obligation, to be Paid, Year Three$41.1M———$21M—
Collateral that was sold or repledged$437.2M$332.2M$507.6M$572.4M$502.5M$399.7M
Debt securities$57.5M$138M$140M$215.2M$91.5M$100.3M
Deferred Compensation Arrangement, Rabbi Trust, Recorded Liability$45.2M———$67M—
Deferred Compensation Arrangement, Rabbi Trust, Recorded Asset————$73.8M—
Amount deferred under the compensation plan, including income earned$817.5M———$1B—
Deferred compensation$865.6M$862.1M$966.9M$1.1B$1.1B$1.1B
Deferred Compensation Liability Current And Noncurrent$862.7M$859.2M$961.3M$1B$1.1B$1.1B
Deferred Tax Liabilities, Gross$298.1M———$428.7M—
Finance lease liabilities$28.4M———$0—
Deferred Tax Assets, Gross$451.3M———$531.1M—
Deferred Tax Assets, Net$129.9M———$78.2M—
Deferred Tax Assets, Net of Valuation Allowance$428M———$506.9M—
Operating lease liabilities$40.2M———$55.1M—
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-Based Compensation Cost$15.3M———$17.4M—
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Severance Payments$230.8M———$290.1M—
Forgivable Loans$41M———$89.8M—
Accrued expenses$29.8M———$33.4M—
Self-insured related reserves$19.3M———$14.3M—
Deferred Tax Assets, Valuation Allowance$23.2M———$24.1M—
Capitalized software$43.1M———$201.7M—
Federal and state intangible assets$147.6M———$110.1M—
Deferred Tax Liabilities, Operating Lease Assets$32.2M———$47M—
Deferred Tax Liabilities, Property, Plant and Equipment$55.3M———$33.9M—
Unrealized gains and losses$15.8M———$31.3M—
Excess net capital42431600000.0%47618500000.0%73580300000.0%45238200000.0%31141200000.0%34994000000.0%
Fair Value of Securities Received as Collateral that Can be Resold or Repledged$358.1M$460.5M$391.5M$435.4M$539.9M$655.1M
Finance Lease Liability, Undiscounted Excess Amount Not Disclosed————$108.4M—
Finance Lease, Right-of-Use Asset, after Accumulated Amortization$84.6M—————
Financing obligation liabilities$0—$109.1M$108.8M$108.4M$108.1M
Due after Year Four—$902.2M$977.7M$2.3B—$2.1B
Finite-Lived Intangible Assets, Accumulated Amortization$1B$1.3B$1.1B$1.2B$1.3B$1.3B
2028$124.8M$128.8M$137.3M$239.4M$256.5M$266M
2030$113.8M$114.3M$122.8M$224.9M$247.9M$257.1M
Remainder of 2026—$128.4M$89.6M$69.9M—$203.6M
2027$163M$134M$142.4M$244.5M$260.2M$267.7M
2029$119.6M$123M$131.5M$233.6M$254.8M$259.1M
Gross Carrying Amount$2.5B$4.5B$2.7B$4.4B$4.5B$4.7B
Fractional shares - investment$278.7M$281.1M$313.4M$348.2M$371.7M$370.1M
Fractional shares - repurchase obligation$278.7M$281.1M$313.4M$348.2M$371.7M$370.1M
Income taxes receivable$20M———$53.2M$949K
Mortgage and loans payable————$88M$88M
2028$1B———$900M—
2029$900M———$2.3B—
2029$1.9B———$1.3B—
2030$750M———$979M—
Thereafter$900M———$1.9B—
2027$0———$0—
Balance$4.5B$5.7B$7.2B$7.2B$7.2B$7.2B
Corporate debt, net$4.4B$5.7B$7.2B$7.2B$7.2B$7.2B
Minimum Net Capital Required For Entity1$19.4M$17.9M$22.9M$26.4M$24.8M$24M
Other Assets, Miscellaneous$107.8M$64M$90.3M$112.5M$61.3M$71.2M
Other (including finance leases)$1B$0$0$344M$79M$0
Other$18.2M$4.4M$5M$5.5M$5M$6.9M
Payable To Broker Dealers$77.4M———$98M—
Payable To Clearing Organizations$33.2M———$28.7M—
Proprietary Account of Broker-Dealer under SEC Act Rule 15c-3-3$200K———$200K—
Receivable From Broker Dealers$574K———$1.6M—
Fails to deliver$76.5M$112.2M$129.5M$81.3M$70.9M$100M
Receivables from clearing organizations$69M———$59.3M—
Payables for securities failed to receive$18.6M———$23.8M—
Self-Insurance Liabilities$79.6M$83.7M$87M$97.6M$101.6M$106.4M
Incentive stock program, shares reserved for future grants (in shares)$12.5M$11.6M$11.6M$11.7M$11.7M$10.7M
Shares reserved for awards to employees and outside directors (in shares)$17.8M$17.8M$17.8M$17.8M$17.8M$17.8M
Share Repurchase Program, Authorized, Amount$730M$630M$630M$630M$630M$630M
Stock units vested and undistributed—96.2K97.5K97.5K—97.6K
Treasury stock, shares (in shares)$56.3M$56.6M$56.6M$56.6M$56.6M$56.6M
Unamortized Debt Issuance Expense$14.2M$12.9M$13M$11.9M$10.8M$9.7M
Unrecognized tax benefits$46.5M———$52.8M—
Interest accrued$9.4M———$12M—
Amount that if recognized, would affect the effective tax rate or regulatory liability$40.1M———$45.5M—
Remainder of Fiscal Year 2024—$128.4M$89.6M$69.9M—$203.6M
Remainder of Fiscal Year 2025—$128.4M$89.6M$69.9M—$203.6M
Unrecorded Unconditional Purchase Obligation - Due After Year Five$7.7M———$0—
Unrecorded Unconditional Purchase Obligation - Due Year Five$7.2M———$7.7M—