LPLA

LPL Financial Holdings Inc.

$321.03

-0.26% Oct 21 close

Financial Services Compare Technicals

1M 3M 6M 1Y 2Y

LPLASPY

-0.8%

-3.4%

-1.9%

YTD

-9.9%

-4.7%

Live chart

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What they do

LPL Financial Holdings Inc. provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at institutions in the United States. The company's brokerage offerings include variable and fixed annuities, mutual funds, equities, fixed income, alternative investments. It also provides fee-based platforms that provide access to mutual funds, exchange traded funds, stocks, bonds.

Financial Services · Capital Markets

For information only · Important disclosures

Grades vs sector

No sector grades for LPLA yet. Grades rank S&P 1500 stocks within their sector and refresh after each daily data run, so a stock outside that index or newly covered has none.

Our models

Not held by any of our 5 live models right now.

Quality Growth

Outside this model's universe or screens

Momentum Top 15

Outside this model's universe or screens

Momentum Blend

Not in the current book

New Highs Growth

Outside this model's universe or screens

Coteau Long Book

Not in the current book

News

More news

What Does LPL Financial Holdings (LPLA) Losing A $2.3 Billion Team Mean?

Simply Wall St. · 4h ago

Former LPL Financial Advisor Team With $2.3 Billion in Client Assets Jumps to Osaic

Barrons.com · Oct 20

Key stats

Market value$25.3B

P/E (last 12 months)25.5

P/E (next 12 months, estimated)10.6

52-week range$260.15 – $400.16

Revenue growth (latest quarter vs a year ago)+36.4%

Dividend yield0.37%

Analyst consensusBuy (16)

Average analyst price target$422.38 (+32%)

Valuation and fundamentals

Valuation & fundamentals

Bottom line

No cash-flow valuation

Model read-out from the numbers below, not advice. Score +0 (DCF counts double).

▼Piotroski F-score2/9

▲Analyst target+32% (16 analysts)

Discounted cash flow

Trailing free cash flow is negative or missing, so a cash-flow DCF isn't meaningful by default. You can enter your own assumptions below.

Reverse DCFfor context, not a signal

Trailing free cash flow is zero or negative, so there's no growth rate to solve for. The price is betting on a turnaround to positive cash flow.

Edit assumptions · recalculates instantly

Your value per share–

Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-06-30). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 0.54 × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.

Multiples vs sector

Forward EPS $30.20 vs trailing $12.57 (+140% expected growth). Forward P/E uses analysts' next-12-month estimate.

Quality & financial health

Gross margin

–

Operating margin

–

FCF margin

-4.7%

Net margin

5.1%

Return on equity

17.5%

Return on invested capital

–

Net debt / EBITDA

–

Current ratio

–

Interest cover

–

Cash conversion (OCF/NI)

-0.3×

Piotroski F-score 2/9 · last two fiscal years

✓ Positive net income✗ Positive operating cash flow✗ Return on assets improved✗ Cash flow above net income✓ Long-term debt / assets fell✗ Current ratio improved✗ No share dilution✗ Gross margin improved✗ Asset turnover improved

Analysts

Mean target

$422

+32%

Analysts

Buy

Range

$354–$554

low – high

● price · ◆ mean target

Annual history

FY	Revenue	Net income	Free cash flow
2025	$17.0B	$863.0M	$-981.8M
2024	$12.4B	$1.1B	$-284.9M
2023	$10.1B	$1.1B	$109.3M
2022	$8.6B	$845.7M	$1.6B
2021	$7.7B	$459.9M	$237.1M
2020	$5.9B	$472.6M	$634.4M

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR +25.5%.

Earnings

Next report: 2026-10-27 · after close · EPS est 5.69

EstimateActual (beat)Actual (miss)

Report	EPS est	Actual	Surprise
2026-07-30	5.39	5.84	+8.4%
2026-04-30	5.47	5.60	+2.5%
2026-01-29	4.90	5.23	+6.8%
2025-10-30	4.49	5.20	+15.8%
2025-07-31	4.21	4.51	+7.1%
2025-05-08	4.64	5.15	+11.0%
2025-01-30	3.96	4.25	+7.4%
2024-10-30	3.71	4.16	+12.1%

Quarterly revenue

Quarter	Revenue	YoY
2026-06-30	$5.2B	+35.2%
2026-03-31	$4.9B	–
2025-12-31	$4.9B	–
2025-09-30	$4.6B	–
2025-06-30	$3.8B	–

Rating changes

Reiterated

2026-10-12 · TD Cowen reiterated Hold on LPLA

Reiterated

2026-10-09 · Morgan Stanley reiterated Overweight on LPLA

Reiterated

2026-10-07 · UBS reiterated Buy on LPLA

Reiterated

2026-10-07 · JP Morgan reiterated Overweight on LPLA

Reiterated

2026-10-07 · Barclays reiterated Overweight on LPLA

Reiterated

2026-10-06 · BMO Capital reiterated Outperform on LPLA

Third-party analyst actions, not Coteau's views. All rating changes

Recent dividends

2026-08-14: $0.300 · 2026-05-21: $0.300 · 2026-03-10: $0.300 · 2025-11-13: $0.300 · 2025-08-15: $0.300 · 2025-05-30: $0.300 · 2025-03-11: $0.300 · 2024-11-14: $0.300

Insider trades

Reeping Katharine

Principal Accounting Officer · 2026-09-11

Sell
$153.0K

Jambusaria Aneri

Group Managing Director · 2026-08-27

Sell
$110.1K

Gates Greg

Group Managing Director · 2026-08-20

Sell
$1.5M

Enyedi Matthew