Skip to content
OpenCapital
Get started
Income StatementBalance SheetCash FlowSegments
LPL Financial Holdings logo

LPL Financial Holdings Cash Flow Statement

Operating, investing, and financing cash movements

LPL Financial Holdings generated -$906.0M in operating cash flow over the trailing twelve months. After $616.7M in capital expenditures, free cash flow was -$1.5B. Free cash flow decreased 4.2% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$1.1BNet Cash From Investing (TTM)-$2.5BNet Cash From Financing (TTM)$3.3BCapital Expenditures (TTM)$616.7MDepreciation And Amortization Cf (TTM)$406.8MNet Change In Cash (TTM)$1.7B
Latest FilingQ1 2026
Report Date2026-05-04
Market Cap$22.8B
P/E Ratio25.34
ROE20.45%

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Acquisitions, net of cash acquired$860.8M$78.3M$111.9M$1.5B$57.5M$131.4M
Capital expenditures$165.5M$119.5M$137M$142.2M$171.7M$165.8M
Payments to Acquire Held-to-Maturity Securities$0$1.3M$1.2M$1.3M$1.3M$1.2M
Payments to Acquire Investments, Other$0$7.3M$7.3M$7.3M$7.3M—
Payments to Acquire Other Investments—$0———$12.1M
Net cash from investing activities-$1B-$199.2M-$250.5M-$1.7B-$253.4M-$311.5M
Proceeds from maturities/sales of investments-$3.8M$1.3M$1.3M$1.4M$3.4M$1.3M
Purchases of fixed maturity securities$0$1.3M$1.2M$1.3M$1.3M$1.2M
Purchases of investments—$0———$12.1M

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Amortization of debt issuance costs$2.8M$7.9M$6.7M$3.5M$3.5M$3.5M
Amortization of intangible assets$42.6M$43.5M$46.1M$64.7M$82.2M$67.2M
Change in accounts payable$63.2M-$106.8M$74.4M$143.2M$50.5M-$72.6M
Change in other assets$232.2M$100M$89.9M$48.1M$175.3M$53.9M
Change in other liabilities$167.4M$148.8M—-$729.2M—$223.7M
Other working capital changes$33.1M-$2.5M-$2.5M-$220K$10.2M-$3.1M
Change in receivables$60.7M$56.3M$11.6M$69M$133.5M$160M
Change in fair value of contingent consideration$11.2M$6.6M$309K$2.7M$14.6M$7.5M
Deferred income taxes-$76.3M-$72K-$106K-$171K$53.3M-$21.9M
Depreciation and amortization$92M$92.4M$96.2M$99.7M$105.1M$105.8M
Net cash from operating activities—$339.8M$193.3M-$1.7B—$290.4M
Net income$270.7M$318.6M$273.2M-$29.5M$300.7M$356.4M
Amortization expense related to capitalized debt issuance 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
Contingent consideration fair value adjustments$11.2M$6.6M$309K$2.7M$14.6M$7.5M
Changes In Accrued Commissions And Advisory Fees Payable$38.4M-$20.2M-$223K$37.4M$6.2M$8.6M
Unrealized loss on deferred compensation plans$16.6M$18.2M$18.2M$18.2M$18.2M—
Increase Decrease In Brokerage Receivables$9M$35.7M$17.2M-$50.1M-$10.4M$29.1M
Increase (Decrease) In Operating Lease Assets$485.5K$754.8K$754.8K$754.8K$754.8K—
Increase (Decrease) in Other Loans$454.6M$279.5M$170M$1.1B$185.8M$206.5M
Increase (Decrease) in Other Operating Assets$232.2M$100M$89.9M$48.1M$175.3M$53.9M
Increase (Decrease) in Other Receivables$60.7M$56.3M$11.6M$69M$133.5M$160M
Increase Decrease In Payables To Broker Dealers-$81.9M$122.8M$21.6M——$157.2M
Increase (Decrease) In Right Of Use Assets And Lease Liabilities Net—-$540K—$1.4M—$4.2M
Increase Decrease In Trading Securities-$51.8M$81M$1.2M$29.3M-$123.1M$10M
Payables to clients-$140.5M$146.6M$45.2M—$311.7M-$191.3M
Increase Decrease Receivables From Clients$12.9M-$21M$96.7M$68.6M$31.5M$63.1M
Loan forgiveness$83.6M$89.7M$97.9M$107.9M$135.4M$138.6M
Other Noncash Income (Expense)$33.1M-$2.5M-$2.5M-$220K$10.2M-$3.1M
Accounts Receivable, Credit Loss Expense (Reversal)$5.5M-$749K$3.9M$5.8M$8M$8.5M
Provision for credit losses$5.5M-$749K$3.9M$5.8M$8M$8.5M
Stock-based compensation$26.8M$19.2M$20.3M$19.4M$20.4M$23.1M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from issuance of debt$1.2B$69M$0$544M$263M$295M
Repayments of debt$103M$1.1B$0$200M$528M$374M
Dividends paid$22.5M$22.4M$24M$24M$24M$24.1M
Payment Of Financing Obligations$0$0$222K$337K$343K$348K
Payments Of Debt Extinguishment Costs$0$11.9M$11.9M$11.9M$11.9M—
Payments Of Debt Issuance Costs$573K$18.8M$12.2M$0$200K$0
Proceeds From Issuance Of Senior Long Term Debt—$1.2B$1.5B——$0
Repayments of Unsecured Debt$256.8M$0$0$0$0—
Net cash from financing activities$934.8M$30M$3.1B$320.6M$0-$127.7M
Other financing activities$0$7.2M$26M$1.7M$12.5M$10.1M
Payment of debt issuance costs$573K$18.8M$12.2M$0$200K$0
Payments for finance leases—$156K$53K——$0
Proceeds from issuance of common stock$0$7.5M$1.7B——$5M
Repurchases of common stock$100.1M$100.2M———$0
Taxes paid for net share settlement$835K$29.5M$1.5M$1.6M$836K$19.2M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow-$344.3M$220.3M$56.3M-$1.9B—$124.6M

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income taxes paid$18.8M$9M$294M$11.2M$14.4M$12.3M
Interest paid$106.7M$53.6M$105.4M$79.4M$141.6M$72.3M
Operating cash flows from finance leases—$158K$55K——$0
Cash paid for amounts included in the measurement of finance lease liabilities$2.2M$52.3K$52.3K$52.3K$52.3K—
Cash paid for interest, net of amounts capitalized$9.6M$1.4M$1.6M$1.5M$2.3M$2.3M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net increase (decrease) in cash—$170.6M$3.1B—$234M-$148.8M
Contingent consideration and other liabilities recognized at acquisition date$22M$21.7M$21.7M$21.7M$21.7M—
Prefunded acquisition$0$70.2M———$0
Proceeds from (Repayments of) Secured Debt$255M$0$0$0$0—
Leased assets obtained in exchange for operating lease liabilities$11.2M$25.1M$5.2M$4.7M$22.8M$32.4M