Lpl Financial Financials
This page shows Lpl Financial (LPLA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 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
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Lpl Financial's revenue surged 23.2% year-over-year to $12.4B, reflecting rapid business expansion. This strong growth earns a score of 95/100.
Lpl Financial has a moderate D/E ratio of 1.87. This balance of debt and equity financing earns a leverage score of 42/100.
While Lpl Financial generated $277.6M in operating cash flow, capex of $562.5M consumed most of it, leaving -$284.9M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Lpl Financial earns a strong 36.1% return on equity (ROE), meaning it generates $36 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is down from 51.3% the prior year.
Lpl Financial passes 2 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Lpl Financial generates $0.26 in operating cash flow ($277.6M OCF vs $1.1B 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
Lpl Financial generated $12.4B in revenue in fiscal year 2024. This represents an increase of 23.2% from the prior year.
Lpl Financial generated -$284.9M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 360.6% from the prior year.
Lpl Financial reported $1.1B in net income in fiscal year 2024. This represents a decrease of 0.7% from the prior year.
Lpl Financial earned $14.03 per diluted share (EPS) in fiscal year 2024. This represents an increase of 2.5% from the prior year.
Lpl Financial held $967.1M in cash against $5.5B in long-term debt as of fiscal year 2024.
Lpl Financial paid $1.20 per share in dividends in fiscal year 2024. This represents an increase of 0.0% from the prior year.
Lpl Financial had 75M shares outstanding in fiscal year 2024.
Lpl Financial's net profit margin was 8.6% in fiscal year 2024, showing the share of revenue converted to profit. This is down 2.1 percentage points from the prior year.
Lpl Financial's ROE was 36.1% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 15.2 percentage points from the prior year.
Lpl Financial spent $170.1M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 84.5% from the prior year.
Lpl Financial invested $562.5M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 39.5% from the prior year.
LPLA Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.6B+18.7% | $3.8B+4.5% | $3.7B+4.5% | $3.5B+19.8% | $2.9B+3.5% | $2.8B+7.1% | $2.6B+4.8% | $2.5B |
| 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 | $106.3M+0.6% | $105.6M+23.0% | $85.9M+4.7% | $82.0M+27.4% | $64.3M+7.1% | $60.1M+10.4% | $54.4M+12.5% | $48.4M |
| Income Tax | -$4.6M-104.8% | $95.6M-3.2% | $98.7M+39.9% | $70.5M-18.2% | $86.3M+1.0% | $85.4M+12.1% | $76.2M-18.4% | $93.4M |
| Net Income | -$29.5M-110.8% | $273.2M-14.2% | $318.6M+17.7% | $270.7M+11.1% | $243.8M-15.6% | $288.8M+32.7% | $217.6M-3.0% | $224.3M |
| EPS (Diluted) | $-0.37-110.9% | $3.40-19.8% | $4.24+18.4% | $3.58+10.8% | $3.23-15.7% | $3.83+32.5% | $2.89-0.7% | $2.91 |
LPLA Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $18.0B+3.2% | $17.5B+25.1% | $14.0B+4.8% | $13.3B+15.8% | $11.5B+4.4% | $11.0B+6.1% | $10.4B+9.5% | $9.5B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $1.3B-67.9% | $4.2B+240.5% | $1.2B+27.1% | $967.1M-26.7% | $1.3B+19.7% | $1.1B+136.7% | $465.7M-41.7% | $799.2M |
| 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 | $2.7B+20.8% | $2.2B0.0% | $2.2B+1.9% | $2.2B+16.8% | $1.9B+1.0% | $1.8B-0.8% | $1.9B+4.8% | $1.8B |
| Total Liabilities | $13.0B+4.8% | $12.4B+14.4% | $10.8B+4.4% | $10.4B+15.6% | $9.0B+2.8% | $8.7B+5.3% | $8.3B+12.3% | $7.4B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | $7.5B+4.8% | $7.2B+26.2% | $5.7B+3.5% | $5.5B+23.7% | $4.4B+15.3% | $3.9B+3.2% | $3.7B+19.5% | $3.1B |
| Total Equity | $5.0B-0.6% | $5.1B+62.4% | $3.1B+6.6% | $2.9B+16.5% | $2.5B+10.8% | $2.3B+9.2% | $2.1B-0.6% | $2.1B |
| Retained Earnings | $5.6B-0.9% | $5.6B+4.7% | $5.4B+5.9% | $5.1B+10.6% | $4.6B+5.2% | $4.4B+6.6% | $4.1B+5.1% | $3.9B |
LPLA Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.7B-994.7% | $193.3M-43.1% | $339.8M+290.1% | -$178.8M+0.1% | -$178.9M-142.0% | $425.9M+198.8% | $142.5M-17.7% | $173.2M |
| Capital Expenditures | $142.2M+3.8% | $137.0M+14.7% | $119.5M-27.8% | $165.5M+28.4% | $128.9M+6.5% | $121.0M+14.3% | $105.9M+11.4% | $95.0M |
| Free Cash Flow | -$1.9B-3424.0% | $56.3M-74.4% | $220.3M+164.0% | -$344.3M-11.9% | -$307.8M-201.0% | $304.9M+730.8% | $36.7M-53.0% | $78.1M |
| Investing Cash Flow | -$1.7B-572.2% | -$250.5M-25.8% | -$199.2M+80.8% | -$1.0B-320.1% | -$246.3M-89.5% | -$129.9M+35.6% | -$201.7M-29.0% | -$156.3M |
| Financing Cash Flow | $320.6M-89.7% | $3.1B+10295.0% | $30.0M-96.8% | $934.8M+68.0% | $556.6M+1216.6% | -$49.8M-113.6% | $365.3M+336.0% | -$154.8M |
| Dividends Paid | $24.0M0.0% | $24.0M+7.2% | $22.4M-0.3% | $22.5M+0.2% | $22.4M0.0% | $22.4M-1.0% | $22.6M-0.9% | $22.8M |
| Share Buybacks | $0+100.0% | -$240K-100.2% | $100.2M+0.2% | $100.1M | $0-100.0% | $70.0M-68.9% | $225.0M-10.0% | $250.0M |
LPLA Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| 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 | -0.7%-7.8pp | 7.1%-1.6pp | 8.7%+1.0pp | 7.7%-0.6pp | 8.3%-1.9pp | 10.2%+2.0pp | 8.2%-0.7pp | 8.9% |
| Return on Equity | N/A | 5.4%-4.8pp | 10.2%+1.0pp | 9.2%-0.5pp | 9.7%-3.0pp | 12.7%+2.3pp | 10.5%-0.3pp | 10.7% |
| Return on Assets | -0.2%-1.7pp | 1.6%-0.7pp | 2.3%+0.3pp | 2.0%-0.1pp | 2.1%-0.5pp | 2.6%+0.5pp | 2.1%-0.3pp | 2.4% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 1.49+0.1 | 1.41-0.4 | 1.82-0.1 | 1.87+0.1 | 1.77+0.1 | 1.70-0.1 | 1.80+0.3 | 1.49 |
| FCF Margin | -41.1%-42.6pp | 1.5%-4.5pp | 6.0%+15.8pp | -9.8%+0.7pp | -10.5%-21.3pp | 10.8%+9.4pp | 1.4%-1.7pp | 3.1% |
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Frequently Asked Questions
What is Lpl Financial's annual revenue?
Lpl Financial (LPLA) reported $12.4B in total revenue for fiscal year 2024. This represents a 23.2% 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 23.2% year-over-year, from $10.1B to $12.4B in fiscal year 2024.
Is Lpl Financial profitable?
Yes, Lpl Financial (LPLA) reported a net income of $1.1B in fiscal year 2024, with a net profit margin of 8.6%.
What is Lpl Financial's earnings per share (EPS)?
Lpl Financial (LPLA) reported diluted earnings per share of $14.03 for fiscal year 2024. This represents a 2.5% 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.
How much debt does Lpl Financial have?
As of fiscal year 2024, Lpl Financial (LPLA) had $967.1M in cash and equivalents against $5.5B in long-term debt.
What is Lpl Financial's net profit margin?
Lpl Financial (LPLA) had a net profit margin of 8.6% in fiscal year 2024, 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 2024.
What is Lpl Financial's return on equity (ROE)?
Lpl Financial (LPLA) has a return on equity of 36.1% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Lpl Financial's free cash flow?
Lpl Financial (LPLA) generated -$284.9M in free cash flow during fiscal year 2024. This represents a -360.6% 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 $277.6M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Lpl Financial's total assets?
Lpl Financial (LPLA) had $13.3B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Lpl Financial's capital expenditures?
Lpl Financial (LPLA) invested $562.5M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
Does Lpl Financial buy back shares?
Yes, Lpl Financial (LPLA) spent $170.1M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Lpl Financial have outstanding?
Lpl Financial (LPLA) had 75M shares outstanding as of fiscal year 2024.
What is Lpl Financial's debt-to-equity ratio?
Lpl Financial (LPLA) had a debt-to-equity ratio of 1.87 as of fiscal year 2024, 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 8.0% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
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 0.26x, 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 59 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.