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LPL Financial Holdings LPLA Client cash — Asset-based

Other product segments

Other asset-based
$391.64M+28.4%

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Other financials

Income statement

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Revenue$5.2B+35.2%
Net income$379.3M+38.8%
EPS (diluted)$4.74+39.4%

Balance sheet

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Cash & equivalents$1.3B-78.4%
Total debt$7.5B+2.1%
Total equity$5.8B+13.4%
Total assets$19.8B+13.3%

Cash flow

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Operating cash flow$290.4M-14.5%
CapEx$165.8M+38.8%
Free cash flow$124.6M-43.4%

Valuation

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Market cap$28.34B-6.5%
Enterprise value$34.53B+8.9%
P/E28.2×+1.0×
P/S1.5×-0.7×

Profitability

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Net margin5.1%-2.8pp
FCF margin-12.5%-13.3pp

Returns & leverage

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Return on equity18.6%-10.9pp
Debt / equity1.3×-0.1×

Where this comes from

Reported directly by LPL Financial Holdings in its filing.

Tagged under the XBRL concept lpla:AssetBasedFees.

The source filing: LPL Financial Holdings’s 10-Q, filed May 4, 2026.

Filed
May 4, 2026, 8:38 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-029530
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Trailing486,619437,719
Total commission1,192,0341,047,757
Asset-based:
Client cash445,325392,031
Other asset-based375,480303,210
Total asset-based820,805695,241
Service and fee210,984145,199
Transaction80,54267,864

Item 1. Financial Statements (unaudited)

FAQ

What is LPL Financial Holdings's client cash — asset-based?
LPL Financial Holdings (LPLA) reported client cash — asset-based of $445.33M in Q1 2026.
How has LPL Financial Holdings's client cash — asset-based changed year-over-year?
LPL Financial Holdings's client cash — asset-based increased by 13.6% year-over-year, from $392.03M to $445.33M.
What does client cash — asset-based mean?
This metric represents the revenue generated from client cash balances held within the brokerage platform, typically earned through net interest income on uninvested cash. It reflects the spread between the interest earned on client deposits and the interest paid to clients, serving as a key component of the firm's recurring revenue model. This revenue stream is highly sensitive to prevailing interest rate environments and the total volume of cash held by advisors and their clients.

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