LPL Financial Holdings Inc. (LPLA): price, analyst ratings, earnings and fundamentals
Updated 16 September 2026, 08:02 ET
LPL Financial Holdings Inc. (LPLA) closed at $341.74 on 15 September 2026, down 1.1%. The stock is down 7.8% over one month and down 2.5% over one year. It trades 14.6% below its 52-week high of $400.16. Analysts recorded 11 actions in the last 90 days; the median price target of $390 is 14.1% above the last close. The company last reported on 30 July 2026 for Q2 2026: EPS of $5.60 against an estimate of $5.41, a beat of 3.5%, on revenue of $5.2 billion.
Price and performance
Performance figures use dividend and split adjusted closes over trading sessions, so a one-year move compares the last close with the close 252 sessions earlier. The 52-week range uses the adjusted daily highs and lows of the same window. Read the guide: Momentum, trend and technical indicators.
The live chart with technical indicators is in the app: open LPLA in FundSpec.
Analyst ratings
Over the last 90 days FundSpec recorded 11 analyst actions on LPLA from 8 firms: 10 maintained or reiterated a view and 1 initiation. Price targets were 8 raised and 2 lowered. The most recent targets from 10 firms range from $377 to $500, with a median of $390, 14.1% above the last close.
| Date | Firm | Action | Price target |
|---|---|---|---|
| 1 Sep 2026 | Truist Securities | Initiates Coverage On Hold | $389.00 |
| 1 Sep 2026 | TD Cowen | Maintains Hold | $372.00 to $377.00 |
| 3 Aug 2026 | BMO Capital | Maintains Outperform | $300.00 to $390.00 |
| 31 Jul 2026 | JP Morgan | Maintains Overweight | $408.00 to $428.00 |
| 31 Jul 2026 | TD Cowen | Maintains Hold | $330.00 to $372.00 |
| 31 Jul 2026 | Barclays | Maintains Overweight | $394.00 to $401.00 |
| 31 Jul 2026 | Keefe, Bruyette & Woods | Maintains Outperform | $365.00 to $390.00 |
| 13 Jul 2026 | JP Morgan | Maintains Overweight | $390.00 to $408.00 |
| 10 Jul 2026 | Morgan Stanley | Maintains Overweight | $374.00 to $387.00 |
| 9 Jul 2026 | Barclays | Maintains Overweight | $412.00 to $394.00 |
A price target is one firm's twelve-month view, and the median across firms is a steadier reading than any single call. Upgrades and downgrades matter more when they change a rating, not only a target. Read the guide: What analyst ratings and price targets actually tell you.
Every action with the firm's history is in Analyst Ratings.
Earnings
The next report is scheduled for 29 October 2026 after the close for Q3 2026, with EPS expected at $5.94 on revenue of $5.4 billion. LPL Financial Holdings Inc. beat the EPS estimate in 8 of its last 8 reported quarters.
| Period | Reported | EPS estimate | EPS actual | Surprise | Revenue |
|---|---|---|---|---|---|
| Q2 2026 | 30 Jul 2026 | $5.41 | $5.60 | +3.51% | $5.2B |
| Q1 2026 | 30 Apr 2026 | $5.47 | $5.60 | +2.38% | $4.9B |
| Q4 2025 | 29 Jan 2026 | $4.87 | $5.23 | +7.39% | $4.9B |
| Q3 2025 | 30 Oct 2025 | $4.48 | $5.20 | +16.07% | $4.6B |
| Q2 2025 | 31 Jul 2025 | $4.21 | $4.51 | +7.13% | $3.8B |
| Q1 2025 | 8 May 2025 | $4.64 | $5.15 | +10.99% | $3.7B |
| Q4 2024 | 30 Jan 2025 | $3.96 | $4.25 | +7.32% | $3.5B |
| Q3 2024 | 30 Oct 2024 | $3.71 | $4.16 | +12.13% | $3.1B |
An earnings surprise is the reported EPS against the consensus estimate on the day. The price reaction depends as much on guidance and on what was already priced in as on the surprise itself. Read the guide: Earnings season: estimates, surprises and price reaction.
Estimates, confirmed dates and alerts for every company are in Earnings.
Fundamentals
For the period ended 30 June 2026, LPL Financial Holdings Inc. reported revenue of $5.2 billion and net income of $379.3 million. On a trailing twelve month basis the company shows revenue growth of 38.82%, a gross margin of 9.10%, an operating margin of 9.06% and a return on equity of 18.59%.
Income statement
| Line | Amount |
|---|---|
| Revenue | $5,186,623,000 |
| Depreciation & Amortization | $109,805,000 |
| Interest Expense | $101,502,000 |
| Pre-tax Income | $515,504,000 |
| Income Tax Expense | $136,243,000 |
| Net Income | $379,261,000 |
Cash flow
| Line | Amount |
|---|---|
| Cash from Operating Activities | $401,950,000 |
| Stock-based Compensation | $23,581,000 |
| Cash from Investing Activities | -$305,435,000 |
| Capital Expenditures | $199,445,000 |
| Cash from Financing Activities | -$73,716,000 |
| Dividends Paid | $23,973,000 |
| Share Repurchases | $309,476,000 |
| Free Cash Flow | $202,505,000 |
Assets
| Line | Amount |
|---|---|
| Cash & Cash Equivalents | $1,275,690,000 |
| Restricted Cash | $232,889,000 |
| Short-term Investments | $203,499,000 |
| Plant, Property & Equipment, Net | $1,569,647,000 |
| Operating Lease Right-of-Use Assets | $187,720,000 |
| Goodwill Intangible Assets, Net | $6,115,258,000 |
| Deferred Tax Asset | $506,932,000 |
| Total Assets | $19,791,120,000 |
Liabilities and equity
| Line | Amount |
|---|---|
| Long-term Debt | $7,460,510,000 |
| Operating Lease Liabilities, Long-term | $224,851,000 |
| Other Borrowings | $276,000,000 |
| Total Liabilities | $14,034,280,000 |
| Common Stock | $137,000 |
| Retained Earnings | $6,522,675,000 |
| Treasury Stock | -$4,664,666,000 |
| Total Stockholders Equity | $5,756,840,000 |
| Total Liability & Stockholders Equity | $19,791,120,000 |
Figures as filed with the SEC for the period ended 30 June 2026, in US dollars.
FundSpec fundamental metrics
Each metric is computed from the company's filings and ranked against every company FundSpec covers; the percentile is the share of covered companies with a lower value.
Leverage
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Debt/Assets | 0.38 | 79th | Calculated as the ratio of Short-Term Debt + Long-Term Debt / Total Assets. The higher the ratio, the higher the degree of leverage, and consequently, financial risk |
| Debt/Equity | 1.30 | 82nd | Calculated as the ratio of Total Liabilities / Shareholders' Equity. The ratio indicates how much debt a company is using to finance its assets relative to the amount of value represented in shareholders’ equity |
| Degree of Financial Leverage | 1.30 | 78th | Calculated as the ratio of Percentage change in EPS / Percentage change in EBIT. A higher degree of financial leverage means that the company has more volatile EPS. |
| Long Term Debt/Long Term Capital | 0.56 | 69th | Calculated as Long-Term Debt / (Long-Term Debt + Shareholders' Equity). The ratio is an indicator of the company's leverage |
Profitability
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Free Cashflow Margin Pct | -4.7% | 33rd | Calculated as the ratio of Free Cashflow from Operating Activities / Net Sales. It measures how much per dollar of revenue the company is able to convert into free cash flow. |
| Gross Margin Pct | 9.1% | 11th | Calculated as the ratio of Revenue - Cost of Goods Sold (COGS) / Revenue. The gross margin represents the percent of total sales revenue that the company retains after incurring the direct costs associated with producing the goods and services sold by a company. |
| Operating Margin Pct | 9.1% | 62nd | Calculated as the ratio of (Revenue - (Cost of Goods Sold + Labour + Sales, General & Administrative)) / Revenue. Operating margins are important because they measure efficiency. The higher the operating margin, the more profitable a company's core business is. |
| PreTax Margin Pct | 7.0% | 57th | Calculated as the ratio of (Gross profit - (Operating Expense + Interest Expense)) / Revenue. The pretax profit margin enables profitability to be compared across companies with significant differences in size, scale, capital structure and tax rates. |
| Return on Assets Pct | 5.4% | 82nd | Calculated as the ratio of Net Income / Total Assets. It is an indicator of how efficient the company is at using its assets to generate earnings. |
| Return on Equity Pct | 18.6% | 84th | Calculated as the ratio of Net Income / Shareholders' equity. It is a measure of how much profit a company generates with the money shareholders have invested. |
| Return on Invested Capital Pct | 10.2% | 73rd | Calculated as the ratio of (Net Income - Dividends) / (Debt + Equity). It is a measure of how efficient the company is at allocating the capital under its control to profitable investments. |
Cashflow
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| FCF Pct Growth | 400.0% | 98th | The Free Cash Flow growth rate over the trailing twelve months (TTM) |
| FCF Return on Assets Pct | -5.0% | 33rd | Calculated as the ratio of Cashflow from Operations / Total Assets. A high cash return on assets means a company is generating more cash flow from every asset dollar |
Earnings Growth (Net Income)
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Net Income Pct Growth | -9.9% | 36th | The Net Income growth rate over the trailing twelve months (TTM) |
| Net Income Pct Growth 3 year CAGR | -5.0% | 39th | The Net Income compound annual growth rate (CAGR) over the past 3 years |
| Net Income Pct Growth 5 year CAGR | 16.8% | 76th | The Net Income compound annual growth rate (CAGR) over the past 5 years |
Top Line Growth
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Revenue Pct Growth | 38.8% | 86th | The Revenue (Sales) growth rate over the trailing twelve months (TTM) |
| Revenue Pct Growth 3 year CAGR | 27.9% | 87th | The Revenue (Sales) compound annual growth rate (CAGR) over the past 3 years |
| Revenue Pct Growth 5 year CAGR | 24.2% | 86th | The Revenue (Sales) compound annual growth rate (CAGR) over the past 5 years |
Taxes
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Effective Tax Rate Pct | 26.2% | 85th | The effective tax rate of the company over the trailing twelve months (TTM). |
Margins and returns say how much of each dollar of sales becomes profit and how hard the balance sheet is working; leverage and liquidity say how much room the company has when conditions turn. Read the guide: A practical guide to discounted cash flow valuation.
Fair value, peer multiples and the full statement history are in the app: open LPLA in FundSpec.
Insider activity
In the last 90 days insiders filed 18 transactions: 8 acquisitions covering 7,233 shares and 10 disposals covering 14,722 shares. Acquisitions include awards and option exercises as well as open market purchases. The largest by value was a disposal of 4,119 shares by Greg Gates, Group Managing Director on 20 August 2026, worth about $1.5 million at the transaction price.
| Date | Insider | Title | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| 5 Sep 2026 | Emily Field | Group Managing Director | Disposal | 106 | $359.33 | $38K |
| 28 Aug 2026 | James S Putnam | Director | Acquisition | 7 | ||
| 28 Aug 2026 | William Francis Jr Glavin | Director | Acquisition | 10 | ||
| 28 Aug 2026 | Paulett Eberhart | Director | Acquisition | 4 | ||
| 28 Aug 2026 | Edward C Bernard | Director | Acquisition | 3 | ||
| 28 Aug 2026 | Allison Mnookin | Director | Acquisition | 2 | ||
| 28 Aug 2026 | Richard P Schifter | Director | Acquisition | 14 | ||
| 28 Aug 2026 | Corey E. Thomas | Director | Acquisition | 4 | ||
| 27 Aug 2026 | Aneri Jambusaria | Group Managing Director | Disposal | 308 | $357.36 | $110K |
| 20 Aug 2026 | Greg Gates | Group Managing Director | Disposal | 4,119 | $355.38 | $1.5M |
| 20 Aug 2026 | Greg Gates | Group Managing Director | Acquisition | 7,189 | $77.53 | $557K |
| 20 Aug 2026 | Greg Gates | Group Managing Director | Disposal | 7,189 | ||
| 3 Aug 2026 | James S Putnam | Director | Disposal | 2,000 | ||
| 31 Jul 2026 | Matthew Enyedi | Group Managing Director | Disposal | 463 | $352.77 | $163K |
| 31 Jul 2026 | Matthew Enyedi | Group Managing Director | Disposal | 296 | $353.37 | $105K |
Insider filings record what officers and directors did with their own shares. Disposals are often planned sales or tax related, so a pattern across several insiders says more than one filing.
SEC filings
The latest filing is a 10-Q from 3 August 2026.
| Filed | Form | Document |
|---|---|---|
| 3 Aug 2026 | 10-Q | View on sec.gov |
| 4 May 2026 | 10-Q | View on sec.gov |
| 23 Feb 2026 | 10-K | View on sec.gov |
| 3 Nov 2025 | 10-Q | View on sec.gov |
| 4 Aug 2025 | 10-Q | View on sec.gov |
| 9 May 2025 | 10-Q | View on sec.gov |
| 20 Feb 2025 | 10-K | View on sec.gov |
| 4 Nov 2024 | 10-Q | View on sec.gov |
| 30 Jul 2024 | 10-Q | View on sec.gov |
| 2 May 2024 | 10-Q | View on sec.gov |
Company profile
- Exchange
- Nasdaq
- Sector
- Brokers and Asset Managers
- Industry
- Trading
- Headquarters
- San Diego, California
- Chief executive
- Dan H. Arnold
- Employees
- 6,900
- Website
- lpl.com
- SEC CIK
- 0001397911
LPL Financial Holdings Inc. 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.
Sector and peers
LPL Financial Holdings Inc. is part of the Brokers and Asset Managers sector, which FundSpec tracks across 73 companies.
Companies in the same industry by market capitalization:
CME Cme Group Inc.ICE Intercontinental Exchange, Inc.NDAQ Nasdaq, Inc.CBOE Cboe Global Markets, Inc.
Put two of them side by side in Compare.
In FundSpec: the fair value estimate, the momentum reading, relative valuation against sector and industry peers, unusual options activity and AI model signals for LPLA are available to subscribers, with the same screen in the iOS and Android apps.
Open LPLA in FundSpec