LPLA Stock - LPL Financial Holdings Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $12.39B | $10.05B | $8.60B | $7.72B | $5.87B |
| Gross Profit | $3.37B | $3.05B | $2.37B | $1.71B | $1.49B |
| Gross Margin | 27.2% | 30.4% | 27.5% | 22.2% | 25.4% |
| Operating Income | $1.67B | $1.63B | $1.24B | $730.14M | $731.84M |
| Net Income | $1.06B | $1.07B | $845.70M | $459.87M | $472.64M |
| Net Margin | 8.5% | 10.6% | 9.8% | 6.0% | 8.0% |
| EPS | $14.17 | $13.88 | $10.60 | $5.75 | $5.96 |
LPL Financial Holdings Inc., together with its subsidiaries, provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at financial institutions in the United States. Its brokerage offerings include variable and fixed annuities, mutual funds, equities, retirement and education savings plans, fixed income, and insurance, as well as alternative investments, such as non-traded real estate investment trusts and auction rate notes. The company also provides advisory platforms that provide access to mutual funds, exchange-traded funds, stocks, bonds, certain option strategies, unit investment trusts, and institutional money managers and no-load multi-manager variable annuities. In addition, it offers money market programs; and retirement solutions for commission-and fee-based services that allow advisors to provide brokerage services, consultation, and advice to retirement plan sponsors. Further, the company provides other services comprising tools and services that enable advisors to maintain and grow their practices; trust, investment management oversight, and custodial services to trusts for estates and families, as well as insurance brokerage general agency services; and technology products, such as proposal generation, investment analytics, and portfolio modeling. The company was formerly known as LPL Investment Holdings Inc. and changed its name to LPL Financial Holdings Inc. in June 2012. LPL Financial Holdings Inc. was founded in 1989 and is based in San Diego, California.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 11th 2025 | UBS | Resumed | Neutral | $406 |
| October 9th 2025 | Raymond James | Upgrade | Market Perform | - |
| October 3rd 2025 | BMO Capital Markets | Initiation | Outperform | $365 |
| September 19th 2025 | Rothschild & Co Redburn | Downgrade | Neutral | $390 |
| September 12th 2025 | Goldman | Resumed | Buy | $405 |
| July 9th 2025 | Citigroup | Downgrade | Sell | $80 |
| June 9th 2025 | Citigroup | Downgrade | Neutral | $400 |
| June 9th 2025 | Redburn Atlantic | Upgrade | Buy | $460 |
| January 7th 2025 | JP Morgan | Upgrade | Overweight | $397← $288 |
| January 6th 2025 | UBS | Upgrade | Buy | $390 |
| December 19th 2024 | TD Cowen | Upgrade | Buy | $413← $277 |
| October 9th 2024 | Wells Fargo | Upgrade | Overweight | $285← $235 |
| September 12th 2024 | Wells Fargo | Initiation | Equal Weight | $235 |
| July 30th 2024 | BofA Securities | Upgrade | Buy | $268 |
| April 9th 2024 | Morgan Stanley | Upgrade | Overweight | $315← $254 |
Earnings History & Surprises
LPLAEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 6, 2026 | — | — | — | — |
Q1 2026 | Jan 29, 2026 | $4.85 | — | — | — |
Q4 2025 | Oct 30, 2025 | $4.49 | $5.20 | +15.8% | ✓ BEAT |
Q3 2025 | Jul 31, 2025 | $4.23 | $4.51 | +6.6% | ✓ BEAT |
Q2 2025 | May 8, 2025 | $4.68 | $5.15 | +10.0% | ✓ BEAT |
Q1 2025 | Jan 30, 2025 | $4.01 | $4.25 | +6.0% | ✓ BEAT |
Q4 2024 | Oct 30, 2024 | $3.71 | $4.16 | +12.1% | ✓ BEAT |
Q3 2024 | Jul 25, 2024 | $3.70 | $3.88 | +4.9% | ✓ BEAT |
Q2 2024 | Apr 30, 2024 | $3.81 | $4.21 | +10.5% | ✓ BEAT |
Q1 2024 | Feb 1, 2024 | $3.38 | $3.51 | +3.8% | ✓ BEAT |
Q4 2023 | Oct 26, 2023 | $3.57 | $3.74 | +4.8% | ✓ BEAT |
Q3 2023 | Jul 27, 2023 | $3.88 | $3.94 | +1.5% | ✓ BEAT |
Q2 2023 | Apr 27, 2023 | $4.33 | $4.49 | +3.7% | ✓ BEAT |
Q1 2023 | Feb 2, 2023 | $4.00 | $4.21 | +5.2% | ✓ BEAT |
Q4 2022 | Oct 27, 2022 | $2.83 | $3.13 | +10.6% | ✓ BEAT |
Q3 2022 | Aug 2, 2022 | $1.97 | $2.24 | +13.7% | ✓ BEAT |
Q2 2022 | Apr 28, 2022 | $1.80 | $1.95 | +8.3% | ✓ BEAT |
Q1 2022 | Feb 3, 2022 | $1.51 | $1.63 | +7.9% | ✓ BEAT |
Q4 2021 | Oct 28, 2021 | $1.73 | $1.77 | +2.3% | ✓ BEAT |
Q3 2021 | Jul 29, 2021 | $1.69 | $1.85 | +9.5% | ✓ BEAT |
Latest News
Shares of stocks in the broader financial sector are trading higher amid overall market strength following the Fed's rate cut announcement.
📈 PositiveTD Cowen Maintains Hold on LPL Finl Hldgs, Raises Price Target to $410
➖ NeutralLPL Financial Holdings shares are trading higher after the company reported better-than-expected Q3 financial results. Also, Citizens raised its price target from $455 to $475 on the stock.
📈 PositiveCitizens Maintains Market Outperform on LPL Finl Hldgs, Raises Price Target to $475
📈 PositiveLPL Financial Holdings Non-GAAP EPS of $5.20 beats by $0.71, revenue of $4.55B beats by $240M
📈 PositiveLPL Finl Hldgs Q3 Adj. EPS $5.20 Beats $4.49 Estimate, Sales $4.552B Beat $4.245B Estimate
📈 PositiveJMP Securities Maintains Market Outperform on LPL Finl Hldgs, Raises Price Target to $455
📈 PositiveBMO Capital Initiates Coverage On LPL Finl Hldgs with Outperform Rating, Announces Price Target of $365
📈 PositiveMorgan Stanley Maintains Overweight on LPL Finl Hldgs, Lowers Price Target to $462
➖ NeutralGoldman Sachs Reinstates Buy on LPL Finl Hldgs, Announces $405 Price Target
📈 PositiveLPL Financial downgraded at Citi on limited near-term catalysts, increased competition potential
📉 NegativeFrequently Asked Questions about LPLA
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