What is Lpl Financial's earnings per share (EPS)?

Lpl Financial (LPLA) reported diluted earnings per share of $10.92 for fiscal year 2025. This represents a -22.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Lpl Financial Financials

LPLA

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Lpl Financial (LPLA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 57/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

Lpl Financial's revenue surged 37.2% year-over-year to $17.0B, reflecting rapid business expansion. This strong growth earns a score of 95/100.

Leverage

Lpl Financial carries a low D/E ratio of 1.36, meaning only $1.36 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 74/100, indicating a strong balance sheet with room for future borrowing.

Cash Flow

While Lpl Financial generated -$411.4M in operating cash flow, capex of $570.4M consumed most of it, leaving -$981.8M in free cash flow. This results in a low score of 11/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Lpl Financial's ROE of 16.2% shows moderate profitability relative to equity, earning a score of 47/100. This is down from 36.1% the prior year.

Piotroski F-Score Weak

2/9

Lpl Financial passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Low Quality

-0.48x

For every $1 of reported earnings, Lpl Financial generates $-0.48 in operating cash flow (-$411.4M OCF vs $863.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue

$17.0B

YoY+37.2%

5Y CAGR+23.7%

10Y CAGR+14.8%

Lpl Financial generated $17.0B in revenue in fiscal year 2025. This represents an increase of 37.2% from the prior year.

EBITDA

N/A

Net Income

$863.0M

YoY-18.5%

5Y CAGR+12.8%

10Y CAGR+17.7%

Lpl Financial reported $863.0M in net income in fiscal year 2025. This represents a decrease of 18.5% from the prior year.

EPS (Diluted)

$10.92

YoY-22.2%

5Y CAGR+13.3%

10Y CAGR+20.2%

Lpl Financial earned $10.92 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 22.2% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$981.8M

YoY-244.6%

Lpl Financial generated -$981.8M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 244.6% from the prior year.

Cash & Debt

$1.0B

YoY+7.3%

5Y CAGR+5.1%

10Y CAGR+3.7%

Lpl Financial held $1.0B in cash against $7.3B in long-term debt as of fiscal year 2025.

Dividends Per Share

$1.20

YoY+0.0%

5Y CAGR+3.7%

Lpl Financial paid $1.20 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Shares Outstanding

N/A

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

5.1%

YoY-3.5pp

5Y CAGR-3.0pp

10Y CAGR+1.1pp

Lpl Financial's net profit margin was 5.1% in fiscal year 2025, showing the share of revenue converted to profit. This is down 3.5 percentage points from the prior year.

Return on Equity

16.2%

YoY-20.0pp

5Y CAGR-19.8pp

10Y CAGR-7.4pp

Lpl Financial's ROE was 16.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 20.0 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$100.0M

YoY-41.2%

5Y CAGR-7.8%

10Y CAGR-12.7%

Lpl Financial spent $100.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 41.2% from the prior year.

Capital Expenditures

$570.4M

YoY+1.4%

5Y CAGR+29.7%

10Y CAGR+22.9%

Lpl Financial invested $570.4M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 1.4% from the prior year.

LPLA Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$17.0B+37.2%	$12.4B+23.2%	$10.1B+16.9%	$8.6B+11.4%	$7.7B+31.5%	$5.9B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$403.4M+47.1%	$274.2M+46.8%	$186.8M+48.0%	$126.2M+20.9%	$104.4M-1.3%	$105.8M
Income Tax	$286.5M-14.3%	$334.3M-11.7%	$378.5M+42.3%	$266.0M+88.0%	$141.5M-7.8%	$153.4M
Net Income	$863.0M-18.5%	$1.1B-0.7%	$1.1B+26.1%	$845.7M+83.9%	$459.9M-2.7%	$472.6M
EPS (Diluted)	$10.92-22.2%	$14.03+2.5%	$13.69+31.6%	$10.40+84.7%	$5.63-3.9%	$5.86

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$4.9B+8.4%	$4.6B+18.7%	$3.8B+4.5%	$3.7B+4.5%	$3.5B+13.0%	$3.1B+6.0%	$2.9B+3.5%	$2.8B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$105.6M-0.6%	$106.3M+0.6%	$105.6M+23.0%	$85.9M+4.7%	$82.0M+21.0%	$67.8M+5.3%	$64.3M+7.1%	$60.1M
Income Tax	$96.8M+2208.0%	-$4.6M-104.8%	$95.6M-3.2%	$98.7M+39.9%	$70.5M-23.4%	$92.0M+6.7%	$86.3M+1.0%	$85.4M
Net Income	$300.7M+1118.8%	-$29.5M-110.8%	$273.2M-14.2%	$318.6M+17.7%	$270.7M+6.1%	$255.3M+4.7%	$243.8M-15.6%	$288.8M
EPS (Diluted)	N/A	$-0.37-110.9%	$3.40-19.8%	$4.24	N/A	$3.39+5.0%	$3.23-15.7%	$3.83

LPLA Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$18.5B+38.9%	$13.3B+28.2%	$10.4B+9.5%	$9.5B+18.7%	$8.0B+21.2%	$6.6B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$1.0B+7.3%	$967.1M+107.7%	$465.7M-45.1%	$847.5M+71.1%	$495.2M-38.8%	$808.6M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$2.6B+21.7%	$2.2B+17.0%	$1.9B+13.0%	$1.6B0.0%	$1.6B+8.5%	$1.5B
Total Liabilities	$13.1B+26.6%	$10.4B+25.0%	$8.3B+13.6%	$7.3B+15.7%	$6.3B+19.7%	$5.3B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$7.3B+32.1%	$5.5B+47.1%	$3.7B+37.4%	$2.7B-3.4%	$2.8B+20.0%	$2.3B
Total Equity	$5.3B+82.4%	$2.9B+41.0%	$2.1B-4.1%	$2.2B+29.8%	$1.7B+27.1%	$1.3B
Retained Earnings	$5.8B+15.2%	$5.1B+24.0%	$4.1B+31.7%	$3.1B+33.2%	$2.3B+19.8%	$1.9B

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$18.5B+2.6%	$18.0B+3.2%	$17.5B+25.1%	$14.0B+4.8%	$13.3B+11.5%	$11.9B+3.8%	$11.5B+4.4%	$11.0B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$1.0B-22.8%	$1.3B-67.9%	$4.2B+240.5%	$1.2B+27.1%	$967.1M-34.4%	$1.5B+11.8%	$1.3B+19.7%	$1.1B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$2.6B-1.1%	$2.7B+20.8%	$2.2B0.0%	$2.2B+1.9%	$2.2B+16.3%	$1.9B+0.4%	$1.9B+1.0%	$1.8B
Total Liabilities	$13.1B+1.2%	$13.0B+4.8%	$12.4B+14.4%	$10.8B+4.4%	$10.4B+13.3%	$9.2B+2.0%	$9.0B+2.8%	$8.7B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$7.3B-3.5%	$7.5B+4.8%	$7.2B+26.2%	$5.7B+3.5%	$5.5B+23.7%	$4.4B0.0%	$4.4B+15.3%	$3.9B
Total Equity	$5.3B+6.0%	$5.0B-0.6%	$5.1B+62.4%	$3.1B+6.6%	$2.9B+5.7%	$2.8B+10.2%	$2.5B+10.8%	$2.3B
Retained Earnings	$5.8B+4.8%	$5.6B-0.9%	$5.6B+4.7%	$5.4B+5.9%	$5.1B+5.2%	$4.8B+5.1%	$4.6B+5.2%	$4.4B

LPLA Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$411.4M-248.2%	$277.6M-45.8%	$512.6M-73.7%	$1.9B+329.4%	$453.1M-42.6%	$789.9M
Capital Expenditures	$570.4M+1.4%	$562.5M+39.5%	$403.3M+31.5%	$306.6M+42.0%	$216.0M+38.9%	$155.5M
Free Cash Flow	-$981.8M-244.6%	-$284.9M-360.6%	$109.3M-93.3%	$1.6B+591.1%	$237.1M-62.6%	$634.4M
Investing Cash Flow	-$2.4B-49.9%	-$1.6B-85.1%	-$860.2M-128.5%	-$376.4M+17.9%	-$458.6M-144.6%	-$187.5M
Financing Cash Flow	$3.2B+123.6%	$1.4B+779.7%	-$208.5M+58.6%	-$504.3M-280.8%	$278.8M+201.3%	-$275.2M
Dividends Paid	$94.4M+5.2%	$89.7M-2.7%	$92.2M+15.5%	$79.8M-0.3%	$80.1M+1.3%	$79.1M
Share Buybacks	$100.0M-41.2%	$170.1M-84.5%	$1.1B+238.5%	$325.0M+261.1%	$90.0M-40.0%	$150.0M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$785.0M+145.4%	-$1.7B-994.7%	$193.3M-43.1%	$339.8M+290.1%	-$178.8M-185.4%	$209.3M+217.0%	-$178.9M-142.0%	$425.9M
Capital Expenditures	$171.7M+20.7%	$142.2M+3.8%	$137.0M+14.7%	$119.5M-27.8%	$165.5M+12.6%	$147.1M+14.1%	$128.9M+6.5%	$121.0M
Free Cash Flow	$613.3M+132.8%	-$1.9B-3424.0%	$56.3M-74.4%	$220.3M+164.0%	-$344.3M-652.9%	$62.3M+120.2%	-$307.8M-201.0%	$304.9M
Investing Cash Flow	-$253.4M+84.9%	-$1.7B-572.2%	-$250.5M-25.8%	-$199.2M+80.8%	-$1.0B-471.1%	-$181.2M+26.4%	-$246.3M-89.5%	-$129.9M
Financing Cash Flow	-$297.6M-192.8%	$320.6M-89.7%	$3.1B+10295.0%	$30.0M-96.8%	$934.8M+3976.8%	-$24.1M-104.3%	$556.6M+1216.6%	-$49.8M
Dividends Paid	$24.0M0.0%	$24.0M0.0%	$24.0M+7.2%	$22.4M-0.3%	$22.5M+0.1%	$22.4M+0.1%	$22.4M0.0%	$22.4M
Share Buybacks	$0	$0+100.0%	-$240K-100.2%	$100.2M+0.2%	$100.1M	$0	$0-100.0%	$70.0M

LPLA Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	5.1%-3.5pp	8.6%-2.1pp	10.6%+0.8pp	9.8%+3.9pp	6.0%-2.1pp	8.1%
Return on Equity	16.2%-20.0pp	36.1%-15.2pp	51.3%+12.3pp	39.0%+11.5pp	27.5%-8.4pp	35.9%
Return on Assets	4.7%-3.3pp	8.0%-2.3pp	10.3%+1.3pp	8.9%+3.2pp	5.8%-1.4pp	7.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.36-0.5	1.87+0.1	1.80+0.5	1.25-0.4	1.68-0.1	1.78
FCF Margin	-5.8%-3.5pp	-2.3%-3.4pp	1.1%-18.0pp	19.1%+16.0pp	3.1%-7.7pp	10.8%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	6.1%+6.8pp	-0.7%-7.8pp	7.1%-1.6pp	8.7%+1.0pp	7.7%-0.5pp	8.2%-0.1pp	8.3%-1.9pp	10.2%
Return on Equity	5.6%+6.2pp	-0.6%-6.0pp	5.4%-4.8pp	10.2%+1.0pp	9.2%+0.0pp	9.2%-0.5pp	9.7%-3.0pp	12.7%
Return on Assets	1.6%+1.8pp	-0.2%-1.7pp	1.6%-0.7pp	2.3%+0.3pp	2.0%-0.1pp	2.1%+0.0pp	2.1%-0.5pp	2.6%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.36-0.1	1.49+0.1	1.41-0.4	1.82-0.1	1.87+0.3	1.60-0.2	1.77+0.1	1.70
FCF Margin	12.4%+53.5pp	-41.1%-42.6pp	1.5%-4.5pp	6.0%+15.8pp	-9.8%-11.8pp	2.0%+12.5pp	-10.5%-21.3pp	10.8%

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Frequently Asked Questions

What is Lpl Financial's annual revenue?

Lpl Financial (LPLA) reported $17.0B in total revenue for fiscal year 2025. This represents a 37.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Lpl Financial's revenue growing?

Lpl Financial (LPLA) revenue grew by 37.2% year-over-year, from $12.4B to $17.0B in fiscal year 2025.

Is Lpl Financial profitable?

Yes, Lpl Financial (LPLA) reported a net income of $863.0M in fiscal year 2025, with a net profit margin of 5.1%.

How much debt does Lpl Financial have?

As of fiscal year 2025, Lpl Financial (LPLA) had $1.0B in cash and equivalents against $7.3B in long-term debt.

What is Lpl Financial's net profit margin?

Lpl Financial (LPLA) had a net profit margin of 5.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Lpl Financial pay dividends?

Yes, Lpl Financial (LPLA) paid $1.20 per share in dividends during fiscal year 2025.

What is Lpl Financial's return on equity (ROE)?

Lpl Financial (LPLA) has a return on equity of 16.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Lpl Financial's free cash flow?

Lpl Financial (LPLA) generated -$981.8M in free cash flow during fiscal year 2025. This represents a -244.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Lpl Financial's operating cash flow?

Lpl Financial (LPLA) generated -$411.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Lpl Financial's total assets?

Lpl Financial (LPLA) had $18.5B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Lpl Financial's capital expenditures?

Lpl Financial (LPLA) invested $570.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Lpl Financial buy back shares?

Yes, Lpl Financial (LPLA) spent $100.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

What is Lpl Financial's debt-to-equity ratio?

Lpl Financial (LPLA) had a debt-to-equity ratio of 1.36 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Lpl Financial's return on assets (ROA)?

Lpl Financial (LPLA) had a return on assets of 4.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Lpl Financial's cash runway?

Based on fiscal year 2025 data, Lpl Financial (LPLA) had $1.0B in cash against an annual operating cash burn of $411.4M. This gives an estimated cash runway of approximately 30 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Lpl Financial's Piotroski F-Score?

Lpl Financial (LPLA) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Lpl Financial's earnings high quality?

Lpl Financial (LPLA) has an earnings quality ratio of -0.48x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Lpl Financial?

Lpl Financial (LPLA) scores 57 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.