Annual Income Statements for LPL Financial
This table shows LPL Financial's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for LPL Financial
This table shows LPL Financial's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
| Metric |
|
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
| Net Income / (Loss) Attributable to Common Shareholders |
|
319 |
339 |
286 |
224 |
218 |
289 |
244 |
255 |
271 |
319 |
273 |
| Consolidated Net Income / (Loss) |
|
319 |
339 |
286 |
224 |
218 |
289 |
244 |
255 |
271 |
319 |
273 |
| Net Income / (Loss) Continuing Operations |
|
319 |
339 |
286 |
224 |
218 |
289 |
244 |
255 |
271 |
319 |
273 |
| Total Pre-Tax Income |
|
419 |
444 |
389 |
318 |
294 |
374 |
330 |
347 |
341 |
417 |
369 |
| Total Revenue |
|
2,269 |
2,418 |
2,424 |
2,522 |
2,689 |
2,773 |
2,867 |
3,041 |
3,705 |
3,584 |
3,729 |
| Net Interest Income / (Expense) |
|
-72 |
37 |
-45 |
0.00 |
7.48 |
-60 |
-64 |
-68 |
192 |
-86 |
-106 |
| Total Interest Income |
|
-7.75 |
37 |
0.00 |
0.00 |
-37 |
0.00 |
0.00 |
0.00 |
- |
0.00 |
0.00 |
| Total Interest Expense |
|
64 |
0.00 |
45 |
0.00 |
-45 |
60 |
64 |
68 |
-192 |
86 |
106 |
| Long-Term Debt Interest Expense |
|
- |
- |
45 |
- |
- |
60 |
64 |
68 |
- |
86 |
106 |
| Total Non-Interest Income |
|
2,341 |
2,380 |
2,469 |
2,522 |
2,681 |
2,833 |
2,932 |
3,108 |
3,512 |
3,670 |
3,835 |
| Trust Fees by Commissions |
|
582 |
604 |
623 |
644 |
682 |
746 |
787 |
807 |
965 |
1,048 |
1,038 |
| Other Service Charges |
|
811 |
823 |
793 |
756 |
833 |
843 |
809 |
874 |
904 |
889 |
1,002 |
| Investment Banking Income |
|
902 |
954 |
1,015 |
1,082 |
1,085 |
1,200 |
1,288 |
1,378 |
1,596 |
1,689 |
1,718 |
| Other Non-Interest Income |
|
- |
- |
38 |
41 |
- |
44 |
47 |
50 |
47 |
44 |
77 |
| Total Non-Interest Expense |
|
1,850 |
1,973 |
2,035 |
2,205 |
2,395 |
2,398 |
2,537 |
2,693 |
3,363 |
3,167 |
3,361 |
| Salaries and Employee Benefits |
|
1,566 |
1,604 |
1,680 |
1,732 |
1,879 |
2,008 |
2,093 |
2,214 |
2,572 |
2,659 |
2,802 |
| Net Occupancy & Equipment Expense |
|
77 |
78 |
86 |
81 |
80 |
86 |
89 |
88 |
94 |
97 |
103 |
| Marketing Expense |
|
80 |
98 |
103 |
132 |
127 |
127 |
136 |
165 |
162 |
146 |
178 |
| Other Operating Expenses |
|
77 |
74 |
81 |
119 |
114 |
81 |
118 |
116 |
126 |
129 |
136 |
| Depreciation Expense |
|
54 |
56 |
58 |
65 |
68 |
67 |
71 |
78 |
92 |
92 |
96 |
| Amortization Expense |
|
23 |
24 |
27 |
28 |
29 |
30 |
31 |
32 |
43 |
44 |
46 |
| Income Tax Expense |
|
100 |
106 |
103 |
93 |
76 |
85 |
86 |
92 |
71 |
99 |
96 |
| Basic Earnings per Share |
|
$4.01 |
$4.30 |
$3.70 |
$2.95 |
$2.93 |
$3.87 |
$3.26 |
$3.41 |
$3.63 |
$4.27 |
$3.42 |
| Weighted Average Basic Shares Outstanding |
|
79.80M |
78.75M |
77.23M |
76.06M |
76.81M |
74.56M |
74.73M |
74.78M |
74.71M |
74.60M |
79.98M |
| Diluted Earnings per Share |
|
$3.93 |
$4.24 |
$3.65 |
$2.91 |
$2.89 |
$3.83 |
$3.23 |
$3.39 |
$3.58 |
$4.24 |
$3.40 |
| Weighted Average Diluted Shares Outstanding |
|
81.29M |
79.97M |
78.19M |
77.15M |
77.86M |
75.46M |
75.55M |
75.41M |
75.43M |
75.11M |
80.37M |
| Weighted Average Basic & Diluted Shares Outstanding |
|
78.67M |
77.67M |
76.30M |
75.62M |
74.45M |
74.71M |
74.76M |
74.88M |
74.57M |
79.98M |
80.00M |
| Cash Dividends to Common per Share |
|
- |
$0.30 |
$0.30 |
$0.30 |
- |
$0.30 |
$0.30 |
$0.30 |
- |
$0.30 |
$0.30 |
Annual Cash Flow Statements for LPL Financial
This table details how cash moves in and out of LPL Financial's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
| Metric |
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
| Net Change in Cash & Equivalents |
|
-104 |
312 |
135 |
67 |
-64 |
-90 |
327 |
273 |
1,065 |
-556 |
103 |
| Net Cash From Operating Activities |
|
232 |
279 |
389 |
453 |
582 |
624 |
790 |
453 |
1,946 |
513 |
278 |
| Net Cash From Continuing Operating Activities |
|
232 |
279 |
389 |
453 |
582 |
624 |
790 |
453 |
1,946 |
513 |
278 |
| Net Income / (Loss) Continuing Operations |
|
178 |
169 |
192 |
239 |
439 |
560 |
473 |
460 |
846 |
1,066 |
1,059 |
| Consolidated Net Income / (Loss) |
|
178 |
169 |
192 |
239 |
439 |
560 |
473 |
460 |
846 |
1,066 |
1,059 |
| Provision For Loan Losses |
|
2.43 |
2.54 |
4.06 |
2.79 |
6.11 |
6.70 |
5.82 |
9.17 |
14 |
16 |
19 |
| Depreciation Expense |
|
58 |
73 |
76 |
84 |
88 |
96 |
110 |
151 |
200 |
247 |
309 |
| Amortization Expense |
|
43 |
42 |
44 |
43 |
64 |
70 |
73 |
85 |
94 |
116 |
147 |
| Non-Cash Adjustments to Reconcile Net Income |
|
28 |
34 |
56 |
87 |
104 |
98 |
111 |
228 |
154 |
263 |
391 |
| Changes in Operating Assets and Liabilities, net |
|
-77 |
-41 |
18 |
-1.92 |
-120 |
-207 |
18 |
-481 |
638 |
-1,195 |
-1,646 |
| Net Cash From Investing Activities |
|
-93 |
-75 |
-127 |
-438 |
-162 |
-181 |
-187 |
-459 |
-376 |
-860 |
-1,592 |
| Net Cash From Continuing Investing Activities |
|
-93 |
-75 |
-127 |
-438 |
-162 |
-181 |
-187 |
-459 |
-376 |
-860 |
-1,592 |
| Purchase of Property, Leasehold Improvements and Equipment |
|
-90 |
-73 |
-128 |
-112 |
-133 |
-156 |
-156 |
-216 |
-307 |
-403 |
-563 |
| Purchase of Investment Securities |
|
-16 |
-4.60 |
-4.02 |
-329 |
-34 |
-30 |
-37 |
-248 |
-75 |
-462 |
-1,025 |
| Sale and/or Maturity of Investments |
|
13 |
3.36 |
5.00 |
3.01 |
5.00 |
5.00 |
5.10 |
5.00 |
5.00 |
5.50 |
5.00 |
| Other Investing Activities, net |
|
0.14 |
-1.14 |
- |
- |
- |
- |
- |
- |
0.00 |
0.00 |
-9.61 |
| Net Cash From Financing Activities |
|
-243 |
108 |
-127 |
51 |
-483 |
-533 |
-275 |
279 |
-504 |
-209 |
1,417 |
| Net Cash From Continuing Financing Activities |
|
-243 |
108 |
-127 |
51 |
-483 |
-533 |
-275 |
279 |
-504 |
-209 |
1,417 |
| Issuance of Debt |
|
150 |
1,149 |
0.00 |
2,612 |
0.00 |
923 |
1,806 |
2,859 |
815 |
2,467 |
3,448 |
| Repayment of Debt |
|
-56 |
-588 |
-18 |
-2,429 |
-15 |
-907 |
-1,862 |
-2,422 |
-918 |
-1,462 |
-1,708 |
| Repurchase of Common Equity |
|
-275 |
-391 |
-25 |
-114 |
-418 |
-500 |
-150 |
-90 |
-325 |
-1,100 |
-170 |
| Payment of Dividends |
|
-96 |
-96 |
-89 |
-90 |
-88 |
-83 |
-79 |
-80 |
-80 |
-92 |
-90 |
| Other Financing Activities, Net |
|
33 |
34 |
4.41 |
73 |
38 |
34 |
9.65 |
11 |
3.17 |
-22 |
-63 |
| Cash Interest Paid |
|
52 |
51 |
92 |
93 |
124 |
127 |
107 |
104 |
119 |
191 |
268 |
| Cash Income Taxes Paid |
|
139 |
132 |
123 |
139 |
122 |
213 |
169 |
145 |
238 |
536 |
320 |
Quarterly Cash Flow Statements for LPL Financial
This table details how cash moves in and out of LPL Financial's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
| Metric |
|
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
| Net Change in Cash & Equivalents |
|
-442 |
-755 |
30 |
-138 |
306 |
246 |
131 |
4.04 |
-279 |
171 |
3,059 |
| Net Cash From Operating Activities |
|
-177 |
-206 |
403 |
173 |
143 |
426 |
-179 |
209 |
-179 |
340 |
193 |
| Net Cash From Continuing Operating Activities |
|
-176 |
-206 |
403 |
173 |
143 |
426 |
-179 |
209 |
-179 |
340 |
193 |
| Net Income / (Loss) Continuing Operations |
|
319 |
339 |
286 |
224 |
218 |
289 |
244 |
255 |
271 |
319 |
273 |
| Consolidated Net Income / (Loss) |
|
319 |
339 |
286 |
224 |
218 |
289 |
244 |
255 |
271 |
319 |
273 |
| Provision For Loan Losses |
|
1.74 |
3.35 |
4.49 |
4.01 |
4.10 |
2.67 |
6.93 |
3.90 |
5.48 |
-0.75 |
3.94 |
| Depreciation Expense |
|
54 |
56 |
58 |
65 |
68 |
67 |
71 |
78 |
92 |
92 |
96 |
| Amortization Expense |
|
25 |
26 |
29 |
30 |
31 |
32 |
33 |
35 |
45 |
51 |
53 |
| Non-Cash Adjustments to Reconcile Net Income |
|
1.61 |
77 |
70 |
73 |
43 |
96 |
113 |
101 |
81 |
119 |
121 |
| Changes in Operating Assets and Liabilities, net |
|
-577 |
-707 |
-44 |
-223 |
-221 |
-61 |
-647 |
-265 |
-673 |
-240 |
-354 |
| Net Cash From Investing Activities |
|
-99 |
-351 |
-151 |
-156 |
-202 |
-130 |
-246 |
-181 |
-1,035 |
-199 |
-250 |
| Net Cash From Continuing Investing Activities |
|
-99 |
-351 |
-151 |
-156 |
-202 |
-130 |
-246 |
-181 |
-1,035 |
-199 |
-250 |
| Purchase of Property, Leasehold Improvements and Equipment |
|
-74 |
-101 |
-101 |
-95 |
-106 |
-121 |
-129 |
-147 |
-166 |
-119 |
-137 |
| Purchase of Investment Securities |
|
-26 |
-251 |
-51 |
-63 |
-97 |
-10 |
-119 |
-35 |
-861 |
-80 |
-113 |
| Sale and/or Maturity of Investments |
|
1.25 |
1.75 |
1.25 |
1.25 |
1.25 |
1.25 |
1.25 |
1.25 |
1.25 |
1.25 |
1.25 |
| Other Investing Activities, net |
|
- |
- |
- |
- |
- |
0.00 |
- |
- |
- |
-1.43 |
-1.61 |
| Net Cash From Financing Activities |
|
-167 |
-198 |
-221 |
-155 |
365 |
-50 |
557 |
-24 |
935 |
30 |
3,116 |
| Net Cash From Continuing Financing Activities |
|
-167 |
-198 |
-221 |
-155 |
365 |
-50 |
557 |
-24 |
935 |
30 |
3,116 |
| Issuance of Debt |
|
350 |
135 |
472 |
139 |
1,721 |
245 |
1,033 |
- |
2,170 |
1,317 |
1,497 |
| Repayment of Debt |
|
-353 |
-2.68 |
-323 |
-24 |
-1,113 |
-127 |
-456 |
-2.68 |
-1,123 |
-1,135 |
-12 |
| Repurchase of Common Equity |
|
-150 |
-275 |
-350 |
-250 |
-225 |
-70 |
- |
- |
-100 |
-100 |
0.24 |
| Payment of Dividends |
|
-20 |
-24 |
-23 |
-23 |
-23 |
-22 |
-22 |
-22 |
-22 |
-22 |
-24 |
| Other Financing Activities, Net |
|
5.95 |
-32 |
2.69 |
2.93 |
4.42 |
-76 |
1.67 |
1.00 |
10 |
-29 |
-70 |
| Cash Interest Paid |
|
32 |
40 |
44 |
50 |
57 |
44 |
75 |
44 |
107 |
54 |
105 |
| Cash Income Taxes Paid |
|
81 |
10 |
65 |
14 |
447 |
9.21 |
189 |
103 |
19 |
8.99 |
294 |
Annual Balance Sheets for LPL Financial
This table presents LPL Financial's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
| Metric |
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
| Total Assets |
|
4,042 |
4,521 |
4,835 |
5,359 |
5,477 |
5,880 |
6,596 |
7,992 |
9,482 |
10,385 |
13,317 |
| Cash and Due from Banks |
|
412 |
725 |
748 |
811 |
511 |
590 |
809 |
495 |
848 |
466 |
967 |
| Restricted Cash |
|
570 |
699 |
43 |
815 |
1,051 |
882 |
990 |
1,577 |
2,290 |
2,115 |
1,717 |
| Trading Account Securities |
|
27 |
28 |
26 |
42 |
47 |
76 |
42 |
49 |
53 |
91 |
57 |
| Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Customer and Other Receivables |
|
365 |
339 |
341 |
344 |
413 |
434 |
405 |
579 |
562 |
589 |
634 |
| Premises and Equipment, Net |
|
214 |
275 |
387 |
413 |
461 |
533 |
583 |
659 |
780 |
933 |
1,210 |
| Goodwill |
|
1,366 |
1,366 |
1,366 |
1,428 |
1,490 |
1,504 |
1,514 |
1,642 |
1,642 |
1,857 |
2,173 |
| Intangible Assets |
|
431 |
392 |
354 |
414 |
484 |
440 |
397 |
455 |
428 |
672 |
1,483 |
| Other Assets |
|
656 |
697 |
1,570 |
1,092 |
1,019 |
1,422 |
1,855 |
2,535 |
2,880 |
3,663 |
5,076 |
| Total Liabilities & Shareholders' Equity |
|
4,042 |
4,521 |
4,835 |
5,359 |
5,477 |
5,880 |
6,596 |
7,992 |
9,482 |
10,385 |
13,317 |
| Total Liabilities |
|
3,070 |
3,805 |
4,014 |
4,394 |
4,503 |
4,856 |
5,281 |
6,321 |
7,315 |
8,307 |
10,387 |
| Short-Term Debt |
|
698 |
795 |
927 |
1,017 |
1,027 |
1,151 |
1,624 |
1,882 |
2,843 |
2,430 |
2,028 |
| Other Short-Term Payables |
|
289 |
332 |
- |
461 |
479 |
558 |
309 |
384 |
449 |
486 |
588 |
| Long-Term Debt |
|
1,625 |
2,188 |
2,175 |
2,385 |
2,372 |
2,399 |
2,345 |
2,814 |
2,717 |
3,734 |
5,495 |
| Other Long-Term Liabilities |
|
458 |
489 |
912 |
530 |
626 |
749 |
1,003 |
1,241 |
1,306 |
1,657 |
2,276 |
| Total Equity & Noncontrolling Interests |
|
972 |
716 |
821 |
965 |
974 |
1,024 |
1,315 |
1,671 |
2,168 |
2,079 |
2,931 |
| Total Preferred & Common Equity |
|
972 |
716 |
821 |
965 |
974 |
1,024 |
1,315 |
1,671 |
2,168 |
2,079 |
2,931 |
| Total Common Equity |
|
972 |
716 |
821 |
965 |
974 |
1,024 |
1,315 |
1,671 |
2,168 |
2,079 |
2,931 |
| Common Stock |
|
1,355 |
1,418 |
1,445 |
1,556 |
1,634 |
1,704 |
1,763 |
1,842 |
1,913 |
1,988 |
2,066 |
| Retained Earnings |
|
396 |
469 |
570 |
718 |
1,070 |
1,555 |
1,943 |
2,328 |
3,101 |
4,085 |
5,067 |
| Treasury Stock |
|
-781 |
-1,172 |
-1,195 |
-1,310 |
-1,731 |
-2,235 |
-2,391 |
-2,499 |
-2,847 |
-3,994 |
-4,202 |
Quarterly Balance Sheets for LPL Financial
This table presents LPL Financial's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
| Metric |
|
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q1 2025 |
Q2 2025 |
| Total Assets |
|
9,696 |
9,168 |
9,392 |
9,487 |
11,018 |
11,504 |
11,942 |
13,963 |
17,474 |
| Cash and Due from Banks |
|
1,219 |
470 |
761 |
799 |
1,102 |
1,319 |
1,475 |
1,229 |
4,185 |
| Restricted Cash |
|
2,360 |
1,913 |
1,652 |
1,476 |
1,725 |
1,640 |
1,488 |
1,625 |
1,728 |
| Trading Account Securities |
|
62 |
51 |
50 |
53 |
57 |
90 |
111 |
138 |
140 |
| Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Customer and Other Receivables |
|
635 |
582 |
579 |
581 |
592 |
564 |
622 |
614 |
710 |
| Premises and Equipment, Net |
|
751 |
816 |
850 |
883 |
987 |
1,066 |
1,145 |
1,238 |
1,279 |
| Goodwill |
|
1,642 |
1,766 |
1,772 |
1,772 |
1,841 |
1,860 |
1,868 |
2,213 |
2,213 |
| Intangible Assets |
|
428 |
580 |
606 |
641 |
691 |
783 |
782 |
1,571 |
1,641 |
| Other Assets |
|
2,597 |
2,990 |
3,121 |
3,282 |
4,022 |
4,182 |
4,451 |
5,335 |
5,577 |
| Total Liabilities & Shareholders' Equity |
|
9,696 |
9,168 |
9,392 |
9,487 |
11,018 |
11,504 |
11,942 |
13,963 |
17,474 |
| Total Liabilities |
|
7,696 |
6,975 |
7,270 |
7,397 |
8,748 |
8,988 |
9,170 |
10,839 |
12,399 |
| Short-Term Debt |
|
3,444 |
2,245 |
2,245 |
2,098 |
2,677 |
2,176 |
2,250 |
2,297 |
2,364 |
| Other Short-Term Payables |
|
393 |
398 |
421 |
389 |
369 |
461 |
486 |
480 |
556 |
| Long-Term Debt |
|
2,719 |
2,851 |
3,001 |
3,124 |
3,854 |
4,443 |
4,442 |
5,687 |
7,175 |
| Other Long-Term Liabilities |
|
1,140 |
1,481 |
1,603 |
1,785 |
1,848 |
1,908 |
1,992 |
2,376 |
2,304 |
| Total Equity & Noncontrolling Interests |
|
2,000 |
2,193 |
2,122 |
2,091 |
2,270 |
2,515 |
2,772 |
3,124 |
5,074 |
| Total Preferred & Common Equity |
|
2,000 |
2,193 |
2,122 |
2,091 |
2,270 |
2,515 |
2,772 |
3,124 |
5,074 |
| Total Common Equity |
|
2,000 |
2,193 |
2,122 |
2,091 |
2,270 |
2,515 |
2,772 |
3,124 |
5,074 |
| Common Stock |
|
1,897 |
1,934 |
1,953 |
1,970 |
2,017 |
2,038 |
2,059 |
2,089 |
3,787 |
| Retained Earnings |
|
2,800 |
3,419 |
3,683 |
3,887 |
4,354 |
4,579 |
4,815 |
5,366 |
5,620 |
| Treasury Stock |
|
-2,697 |
-3,160 |
-3,514 |
-3,767 |
-4,101 |
-4,102 |
-4,102 |
-4,332 |
-4,332 |
Annual Metrics And Ratios for LPL Financial
This table displays calculated financial ratios and metrics derived from LPL Financial's official financial filings.
| Metric |
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
| Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Revenue Growth |
|
5.62% |
94.14% |
-52.31% |
4.57% |
22.52% |
5.91% |
4.93% |
32.09% |
11.27% |
18.62% |
23.20% |
| EBITDA Growth |
|
4.30% |
1,081.47% |
-91.07% |
17.73% |
51.59% |
21.88% |
-10.92% |
3.61% |
67.82% |
28.58% |
2.23% |
| EBIT Growth |
|
1.16% |
1,446.67% |
-93.47% |
22.51% |
62.56% |
25.18% |
-15.60% |
-3.95% |
84.87% |
29.97% |
-3.59% |
| NOPAT Growth |
|
-2.10% |
-5.20% |
13.71% |
24.45% |
83.98% |
27.40% |
-15.58% |
-2.70% |
83.90% |
26.08% |
-0.72% |
| Net Income Growth |
|
-2.10% |
-5.20% |
13.71% |
24.45% |
83.98% |
27.40% |
-15.58% |
-2.70% |
83.90% |
26.08% |
-0.72% |
| EPS Growth |
|
1.74% |
-0.57% |
22.41% |
21.60% |
87.26% |
36.49% |
-11.48% |
-3.92% |
84.72% |
31.63% |
2.48% |
| Operating Cash Flow Growth |
|
45.05% |
20.33% |
39.18% |
16.55% |
28.30% |
7.27% |
26.62% |
-42.64% |
329.36% |
-73.65% |
-45.85% |
| Free Cash Flow Firm Growth |
|
-36.35% |
-286.18% |
86.42% |
-541.03% |
311.43% |
-17.14% |
-166.32% |
-161.26% |
17.27% |
207.04% |
-308.95% |
| Invested Capital Growth |
|
1.59% |
12.27% |
6.05% |
11.32% |
0.13% |
4.59% |
15.54% |
20.48% |
21.37% |
6.66% |
26.82% |
| Revenue Q/Q Growth |
|
0.24% |
94.79% |
-51.08% |
11.20% |
30.17% |
3.13% |
-17.78% |
7.19% |
2.44% |
4.36% |
10.76% |
| EBITDA Q/Q Growth |
|
5.27% |
995.10% |
-91.07% |
4.61% |
12.67% |
0.84% |
-1.88% |
0.74% |
26.99% |
-5.50% |
4.88% |
| EBIT Q/Q Growth |
|
5.73% |
1,333.38% |
-93.46% |
6.16% |
14.78% |
0.34% |
-2.97% |
-1.52% |
34.10% |
-7.99% |
3.53% |
| NOPAT Q/Q Growth |
|
2.37% |
-11.41% |
8.43% |
10.33% |
14.66% |
1.15% |
-3.10% |
-0.75% |
33.24% |
-8.69% |
5.29% |
| Net Income Q/Q Growth |
|
2.37% |
-11.41% |
8.43% |
10.33% |
14.66% |
1.15% |
-3.10% |
-0.75% |
33.24% |
-8.69% |
5.29% |
| EPS Q/Q Growth |
|
3.55% |
-11.22% |
9.79% |
10.21% |
15.48% |
3.12% |
-2.82% |
-1.05% |
33.50% |
-7.06% |
5.17% |
| Operating Cash Flow Q/Q Growth |
|
-4.21% |
29.10% |
16.77% |
80.99% |
10.62% |
-30.32% |
36.72% |
-13.84% |
-18.10% |
164.93% |
-53.65% |
| Free Cash Flow Firm Q/Q Growth |
|
-25.84% |
-237.93% |
90.76% |
-4.68% |
35.98% |
97.26% |
-184.96% |
4.87% |
68.17% |
-72.67% |
-0.60% |
| Invested Capital Q/Q Growth |
|
3.16% |
15.11% |
4.98% |
5.25% |
3.78% |
-0.25% |
10.27% |
7.73% |
-5.33% |
12.71% |
10.45% |
| Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| EBITDA Margin |
|
9.04% |
55.03% |
10.30% |
11.60% |
14.35% |
16.52% |
14.02% |
11.00% |
16.59% |
17.98% |
14.92% |
| EBIT Margin |
|
6.74% |
53.68% |
7.35% |
8.61% |
11.42% |
13.50% |
10.86% |
7.90% |
13.12% |
14.37% |
11.25% |
| Profit (Net Income) Margin |
|
4.07% |
1.99% |
4.74% |
5.64% |
8.47% |
10.19% |
8.20% |
6.04% |
9.98% |
10.61% |
8.55% |
| Tax Burden Percent |
|
60.42% |
59.73% |
64.51% |
65.52% |
74.15% |
75.47% |
75.49% |
76.47% |
76.08% |
73.80% |
76.00% |
| Interest Burden Percent |
|
100.01% |
6.20% |
99.98% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
| Effective Tax Rate |
|
39.58% |
40.27% |
35.49% |
34.48% |
25.85% |
24.53% |
24.51% |
23.53% |
23.92% |
26.20% |
24.00% |
| Return on Invested Capital (ROIC) |
|
5.45% |
4.83% |
5.04% |
5.76% |
10.06% |
12.52% |
9.59% |
7.89% |
12.00% |
13.35% |
11.32% |
| ROIC Less NNEP Spread (ROIC-NNEP) |
|
5.45% |
4.83% |
5.04% |
5.76% |
10.06% |
12.52% |
9.59% |
7.89% |
12.00% |
13.35% |
11.32% |
| Return on Net Nonoperating Assets (RNNOA) |
|
11.74% |
15.18% |
19.95% |
20.99% |
35.27% |
43.53% |
30.83% |
22.91% |
32.07% |
36.86% |
30.94% |
| Return on Equity (ROE) |
|
17.19% |
20.01% |
24.98% |
26.75% |
45.33% |
56.05% |
40.42% |
30.81% |
44.07% |
50.22% |
42.26% |
| Cash Return on Invested Capital (CROIC) |
|
3.87% |
-6.74% |
-0.84% |
-4.95% |
9.92% |
8.03% |
-4.83% |
-10.69% |
-7.31% |
6.90% |
-12.32% |
| Operating Return on Assets (OROA) |
|
7.29% |
106.45% |
6.36% |
7.15% |
10.94% |
13.06% |
10.04% |
8.24% |
12.72% |
14.54% |
11.75% |
| Return on Assets (ROA) |
|
4.40% |
3.94% |
4.10% |
4.69% |
8.11% |
9.86% |
7.58% |
6.30% |
9.68% |
10.73% |
8.93% |
| Return on Common Equity (ROCE) |
|
17.19% |
20.01% |
24.98% |
26.75% |
45.33% |
56.05% |
40.42% |
30.81% |
44.07% |
50.22% |
42.26% |
| Return on Equity Simple (ROE_SIMPLE) |
|
18.32% |
23.59% |
23.38% |
24.75% |
45.12% |
54.68% |
35.95% |
27.53% |
39.02% |
51.29% |
36.12% |
| Net Operating Profit after Tax (NOPAT) |
|
178 |
169 |
192 |
239 |
439 |
560 |
473 |
460 |
846 |
1,066 |
1,059 |
| NOPAT Margin |
|
4.07% |
1.99% |
4.74% |
5.64% |
8.47% |
10.19% |
8.20% |
6.04% |
9.98% |
10.61% |
8.55% |
| Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| SG&A Expenses to Revenue |
|
83.94% |
42.10% |
82.07% |
81.25% |
78.15% |
78.91% |
82.09% |
84.94% |
79.92% |
76.39% |
79.40% |
| Operating Expenses to Revenue |
|
93.26% |
46.32% |
92.65% |
91.39% |
88.58% |
86.50% |
89.14% |
92.10% |
86.88% |
85.63% |
88.75% |
| Earnings before Interest and Taxes (EBIT) |
|
295 |
4,558 |
298 |
365 |
593 |
742 |
626 |
601 |
1,112 |
1,445 |
1,393 |
| Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
395 |
4,673 |
417 |
491 |
745 |
908 |
809 |
838 |
1,406 |
1,808 |
1,848 |
| Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Price to Book Value (P/BV) |
|
3.91 |
5.00 |
3.51 |
5.02 |
5.18 |
7.03 |
6.16 |
7.57 |
7.86 |
8.24 |
8.34 |
| Price to Tangible Book Value (P/TBV) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
174.84 |
0.00 |
0.00 |
| Price to Revenue (P/Rev) |
|
0.87 |
0.42 |
0.71 |
1.14 |
0.97 |
1.31 |
1.40 |
1.66 |
2.01 |
1.70 |
1.97 |
| Price to Earnings (P/E) |
|
21.33 |
0.81 |
15.02 |
20.26 |
11.49 |
12.86 |
17.12 |
27.51 |
20.14 |
16.07 |
23.10 |
| Dividend Yield |
|
2.50% |
2.66% |
3.09% |
1.86% |
1.72% |
1.12% |
0.98% |
0.63% |
0.47% |
0.53% |
0.37% |
| Earnings Yield |
|
4.69% |
124.20% |
6.66% |
4.94% |
8.70% |
7.78% |
5.84% |
3.64% |
4.97% |
6.22% |
4.33% |
| Enterprise Value to Invested Capital (EV/IC) |
|
1.56 |
1.39 |
1.32 |
1.52 |
1.57 |
2.03 |
1.94 |
2.40 |
2.52 |
2.51 |
2.80 |
| Enterprise Value to Revenue (EV/Rev) |
|
1.18 |
0.61 |
1.28 |
1.56 |
1.33 |
1.69 |
1.78 |
2.01 |
2.30 |
2.06 |
2.36 |
| Enterprise Value to EBITDA (EV/EBITDA) |
|
13.00 |
1.10 |
12.45 |
13.47 |
9.25 |
10.22 |
12.69 |
18.23 |
13.84 |
11.46 |
15.85 |
| Enterprise Value to EBIT (EV/EBIT) |
|
17.44 |
1.13 |
17.45 |
18.15 |
11.62 |
12.51 |
16.39 |
25.40 |
17.50 |
14.34 |
21.03 |
| Enterprise Value to NOPAT (EV/NOPAT) |
|
28.87 |
30.44 |
27.06 |
27.70 |
15.67 |
16.57 |
21.72 |
33.21 |
23.00 |
19.43 |
27.67 |
| Enterprise Value to Operating Cash Flow (EV/OCF) |
|
22.13 |
18.39 |
13.35 |
14.60 |
11.84 |
14.87 |
12.99 |
33.71 |
10.00 |
40.41 |
105.51 |
| Enterprise Value to Free Cash Flow (EV/FCFF) |
|
40.62 |
0.00 |
0.00 |
0.00 |
15.88 |
25.82 |
0.00 |
0.00 |
0.00 |
37.57 |
0.00 |
| Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Debt to Equity |
|
2.39 |
4.17 |
3.78 |
3.53 |
3.49 |
3.47 |
3.02 |
2.81 |
2.57 |
2.96 |
2.57 |
| Long-Term Debt to Equity |
|
1.67 |
3.06 |
2.65 |
2.47 |
2.43 |
2.34 |
1.78 |
1.68 |
1.25 |
1.80 |
1.87 |
| Financial Leverage |
|
2.16 |
3.15 |
3.96 |
3.64 |
3.51 |
3.48 |
3.22 |
2.90 |
2.67 |
2.76 |
2.73 |
| Leverage Ratio |
|
3.90 |
5.08 |
6.09 |
5.71 |
5.59 |
5.68 |
5.33 |
4.89 |
4.55 |
4.68 |
4.73 |
| Compound Leverage Factor |
|
3.90 |
0.31 |
6.09 |
5.71 |
5.59 |
5.68 |
5.33 |
4.89 |
4.55 |
4.68 |
4.73 |
| Debt to Total Capital |
|
70.51% |
80.66% |
79.07% |
77.90% |
77.73% |
77.61% |
75.12% |
73.76% |
71.95% |
74.78% |
71.96% |
| Short-Term Debt to Total Capital |
|
21.19% |
21.50% |
23.62% |
23.29% |
23.49% |
25.16% |
30.74% |
29.56% |
36.79% |
29.48% |
19.40% |
| Long-Term Debt to Total Capital |
|
49.32% |
59.15% |
55.45% |
54.61% |
54.24% |
52.45% |
44.38% |
44.20% |
35.17% |
45.30% |
52.56% |
| Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Common Equity to Total Capital |
|
29.49% |
19.34% |
20.93% |
22.10% |
22.27% |
22.39% |
24.88% |
26.24% |
28.05% |
25.22% |
28.04% |
| Debt to EBITDA |
|
5.87 |
0.64 |
7.43 |
6.93 |
4.56 |
3.91 |
4.91 |
5.61 |
3.95 |
3.41 |
4.07 |
| Net Debt to EBITDA |
|
3.39 |
0.33 |
5.54 |
3.62 |
2.47 |
2.29 |
2.68 |
3.13 |
1.72 |
1.98 |
2.62 |
| Long-Term Debt to EBITDA |
|
4.11 |
0.47 |
5.21 |
4.86 |
3.19 |
2.64 |
2.90 |
3.36 |
1.93 |
2.07 |
2.97 |
| Debt to NOPAT |
|
13.05 |
17.68 |
16.16 |
14.24 |
7.73 |
6.34 |
8.40 |
10.21 |
6.57 |
5.78 |
7.11 |
| Net Debt to NOPAT |
|
7.53 |
9.24 |
12.05 |
7.44 |
4.18 |
3.71 |
4.59 |
5.71 |
2.86 |
3.36 |
4.57 |
| Long-Term Debt to NOPAT |
|
9.13 |
12.96 |
11.33 |
9.98 |
5.40 |
4.28 |
4.96 |
6.12 |
3.21 |
3.50 |
5.19 |
| Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Free Cash Flow to Firm (FCFF) |
|
127 |
-236 |
-32 |
-205 |
434 |
359 |
-238 |
-623 |
-515 |
551 |
-1,152 |
| Operating Cash Flow to CapEx |
|
259.06% |
385.10% |
304.70% |
405.06% |
438.31% |
398.92% |
507.90% |
209.80% |
634.57% |
127.11% |
49.35% |
| Free Cash Flow to Firm to Interest Expense |
|
0.00 |
-3.98 |
0.00 |
0.00 |
0.00 |
2.76 |
-2.25 |
-5.96 |
-4.08 |
0.00 |
0.00 |
| Operating Cash Flow to Interest Expense |
|
0.00 |
4.73 |
0.00 |
0.00 |
0.00 |
4.80 |
7.47 |
4.34 |
15.41 |
0.00 |
0.00 |
| Operating Cash Flow Less CapEx to Interest Expense |
|
0.00 |
3.50 |
0.00 |
0.00 |
0.00 |
3.60 |
6.00 |
2.27 |
12.98 |
0.00 |
0.00 |
| Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Asset Turnover |
|
1.08 |
1.98 |
0.87 |
0.83 |
0.96 |
0.97 |
0.92 |
1.04 |
0.97 |
1.01 |
1.05 |
| Fixed Asset Turnover |
|
21.69 |
34.69 |
12.22 |
10.59 |
11.87 |
11.05 |
10.33 |
12.27 |
11.78 |
11.73 |
11.56 |
| Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Invested Capital |
|
3,295 |
3,699 |
3,923 |
4,367 |
4,373 |
4,574 |
5,284 |
6,367 |
7,728 |
8,243 |
10,453 |
| Invested Capital Turnover |
|
1.34 |
2.43 |
1.06 |
1.02 |
1.19 |
1.23 |
1.17 |
1.31 |
1.20 |
1.26 |
1.32 |
| Increase / (Decrease) in Invested Capital |
|
52 |
404 |
224 |
444 |
5.82 |
201 |
711 |
1,082 |
1,361 |
515 |
2,211 |
| Enterprise Value (EV) |
|
5,139 |
5,138 |
5,194 |
6,617 |
6,887 |
9,279 |
10,264 |
15,274 |
19,454 |
20,714 |
29,287 |
| Market Capitalization |
|
3,798 |
3,578 |
2,882 |
4,840 |
5,050 |
7,201 |
8,093 |
12,650 |
17,031 |
17,132 |
24,449 |
| Book Value per Share |
|
$9.83 |
$7.53 |
$9.21 |
$10.70 |
$11.23 |
$12.67 |
$16.58 |
$20.84 |
$27.23 |
$27.49 |
$39.14 |
| Tangible Book Value per Share |
|
($8.35) |
($10.97) |
($10.08) |
($9.72) |
($11.54) |
($11.38) |
($7.52) |
($5.33) |
$1.22 |
($5.94) |
($9.69) |
| Total Capital |
|
3,295 |
3,699 |
3,923 |
4,367 |
4,373 |
4,574 |
5,284 |
6,367 |
7,728 |
8,243 |
10,453 |
| Total Debt |
|
2,323 |
2,984 |
3,102 |
3,402 |
3,399 |
3,550 |
3,970 |
4,696 |
5,560 |
6,164 |
7,523 |
| Total Long-Term Debt |
|
1,625 |
2,188 |
2,175 |
2,385 |
2,372 |
2,399 |
2,345 |
2,814 |
2,717 |
3,734 |
5,495 |
| Net Debt |
|
1,341 |
1,560 |
2,312 |
1,777 |
1,837 |
2,078 |
2,171 |
2,624 |
2,423 |
3,582 |
4,839 |
| Capital Expenditures (CapEx) |
|
90 |
73 |
128 |
112 |
133 |
156 |
156 |
216 |
307 |
403 |
563 |
| Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Net Nonoperating Obligations (NNO) |
|
2,323 |
2,984 |
3,102 |
3,402 |
3,399 |
3,550 |
3,970 |
4,696 |
5,560 |
6,164 |
7,523 |
| Total Depreciation and Amortization (D&A) |
|
101 |
115 |
120 |
127 |
152 |
166 |
182 |
236 |
294 |
363 |
455 |
| Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Adjusted Basic Earnings per Share |
|
$1.78 |
$1.77 |
$2.15 |
$2.65 |
$4.99 |
$6.78 |
$5.96 |
$5.75 |
$10.60 |
$13.88 |
$14.17 |
| Adjusted Weighted Average Basic Shares Outstanding |
|
99.85M |
95.27M |
89.07M |
90.00M |
88.12M |
82.55M |
79.24M |
80.00M |
79.80M |
76.81M |
74.71M |
| Adjusted Diluted Earnings per Share |
|
$1.75 |
$1.74 |
$2.13 |
$2.59 |
$4.85 |
$6.62 |
$5.86 |
$5.63 |
$10.40 |
$13.69 |
$14.03 |
| Adjusted Weighted Average Diluted Shares Outstanding |
|
101.65M |
96.79M |
90.01M |
92.12M |
90.62M |
84.62M |
80.70M |
81.74M |
81.29M |
77.86M |
75.43M |
| Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$6.78 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
96.50M |
88.94M |
90.07M |
90.04M |
84.45M |
79.62M |
79.68M |
79.97M |
78.67M |
74.45M |
74.57M |
| Normalized Net Operating Profit after Tax (NOPAT) |
|
201 |
176 |
192 |
239 |
439 |
562 |
473 |
479 |
846 |
1,204 |
1,267 |
| Normalized NOPAT Margin |
|
4.60% |
2.07% |
4.74% |
5.64% |
8.47% |
10.23% |
8.20% |
6.28% |
9.98% |
11.98% |
10.23% |
| Pre Tax Income Margin |
|
6.74% |
3.33% |
7.35% |
8.61% |
11.42% |
13.50% |
10.86% |
7.90% |
13.12% |
14.37% |
11.25% |
| Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| EBIT to Interest Expense |
|
0.00 |
77.07 |
0.00 |
0.00 |
0.00 |
5.71 |
5.92 |
5.76 |
8.81 |
0.00 |
0.00 |
| NOPAT to Interest Expense |
|
0.00 |
2.85 |
0.00 |
0.00 |
0.00 |
4.31 |
4.47 |
4.40 |
6.70 |
0.00 |
0.00 |
| EBIT Less CapEx to Interest Expense |
|
0.00 |
75.84 |
0.00 |
0.00 |
0.00 |
4.50 |
4.45 |
3.69 |
6.38 |
0.00 |
0.00 |
| NOPAT Less CapEx to Interest Expense |
|
0.00 |
1.63 |
0.00 |
0.00 |
0.00 |
3.10 |
3.00 |
2.34 |
4.27 |
0.00 |
0.00 |
| Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Dividend Payout Ratio |
|
53.70% |
56.77% |
46.41% |
37.79% |
20.11% |
14.75% |
16.74% |
17.42% |
9.44% |
8.65% |
8.48% |
| Augmented Payout Ratio |
|
208.21% |
288.33% |
59.45% |
85.41% |
115.20% |
104.12% |
48.48% |
36.99% |
47.87% |
111.82% |
24.54% |
Quarterly Metrics And Ratios for LPL Financial
This table displays calculated financial ratios and metrics derived from LPL Financial's official financial filings.
| Metric |
|
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
| Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Revenue Growth |
|
9.76% |
17.05% |
20.59% |
18.43% |
18.50% |
14.67% |
18.30% |
20.55% |
37.78% |
29.27% |
30.06% |
| EBITDA Growth |
|
149.97% |
118.07% |
67.93% |
7.67% |
-21.13% |
-10.08% |
-8.71% |
11.85% |
21.89% |
18.46% |
19.19% |
| EBIT Growth |
|
206.99% |
156.37% |
83.13% |
3.57% |
-29.92% |
-15.82% |
-15.11% |
9.34% |
16.17% |
11.51% |
11.73% |
| NOPAT Growth |
|
195.22% |
153.38% |
77.84% |
-3.46% |
-31.82% |
-14.79% |
-14.61% |
13.83% |
24.45% |
10.32% |
12.08% |
| Net Income Growth |
|
195.22% |
153.38% |
77.84% |
-3.46% |
-31.82% |
-14.79% |
-14.61% |
13.83% |
24.45% |
10.32% |
12.08% |
| EPS Growth |
|
197.73% |
158.54% |
85.28% |
1.75% |
-26.46% |
-9.67% |
-11.51% |
16.49% |
23.88% |
10.71% |
5.26% |
| Operating Cash Flow Growth |
|
-169.66% |
-174.13% |
454.22% |
-91.85% |
180.73% |
306.83% |
-144.41% |
20.88% |
-225.42% |
-20.21% |
208.07% |
| Free Cash Flow Firm Growth |
|
-6.91% |
9.15% |
-156.60% |
153.15% |
71.45% |
-57.69% |
-76.21% |
-276.48% |
-552.34% |
-62.61% |
-241.83% |
| Invested Capital Growth |
|
21.37% |
18.05% |
18.49% |
-10.41% |
6.66% |
20.74% |
23.98% |
29.41% |
26.82% |
26.21% |
59.98% |
| Revenue Q/Q Growth |
|
6.53% |
6.56% |
0.25% |
4.06% |
6.59% |
8.72% |
3.42% |
6.04% |
21.84% |
-3.25% |
4.05% |
| EBITDA Q/Q Growth |
|
30.07% |
5.75% |
-9.63% |
-13.38% |
-4.73% |
20.57% |
-8.25% |
6.14% |
3.82% |
17.18% |
-7.69% |
| EBIT Q/Q Growth |
|
36.67% |
6.03% |
-12.53% |
-18.30% |
-7.52% |
27.37% |
-11.79% |
5.23% |
-1.75% |
22.26% |
-11.61% |
| NOPAT Q/Q Growth |
|
37.34% |
6.21% |
-15.75% |
-21.44% |
-3.00% |
32.73% |
-15.57% |
4.72% |
6.05% |
17.66% |
-14.23% |
| Net Income Q/Q Growth |
|
37.34% |
6.21% |
-15.75% |
-21.44% |
-3.00% |
32.73% |
-15.57% |
4.72% |
6.05% |
17.66% |
-14.23% |
| EPS Q/Q Growth |
|
37.41% |
7.89% |
-13.92% |
-20.27% |
-0.69% |
32.53% |
-15.67% |
4.95% |
5.60% |
18.44% |
-19.81% |
| Operating Cash Flow Q/Q Growth |
|
-108.31% |
-16.62% |
295.62% |
-57.01% |
-17.68% |
198.78% |
-142.00% |
217.03% |
-185.40% |
290.07% |
-43.12% |
| Free Cash Flow Firm Q/Q Growth |
|
48.44% |
25.55% |
-11.44% |
224.26% |
-127.69% |
-311.23% |
-24.53% |
-24.45% |
-2.36% |
-2.51% |
-161.79% |
| Invested Capital Q/Q Growth |
|
-5.33% |
-5.68% |
1.08% |
-0.74% |
12.71% |
6.77% |
3.79% |
3.60% |
10.45% |
6.26% |
31.56% |
| Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| EBITDA Margin |
|
21.95% |
21.78% |
19.64% |
16.35% |
14.61% |
17.08% |
15.15% |
15.17% |
12.92% |
15.65% |
13.89% |
| EBIT Margin |
|
18.48% |
18.38% |
16.04% |
12.59% |
10.93% |
13.50% |
11.51% |
11.42% |
9.21% |
11.64% |
9.89% |
| Profit (Net Income) Margin |
|
14.06% |
14.02% |
11.78% |
8.89% |
8.09% |
10.42% |
8.50% |
8.40% |
7.31% |
8.89% |
7.33% |
| Tax Burden Percent |
|
76.11% |
76.24% |
73.43% |
70.60% |
74.05% |
77.17% |
73.86% |
73.50% |
79.33% |
76.35% |
74.09% |
| Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
| Effective Tax Rate |
|
23.89% |
23.76% |
26.57% |
29.40% |
25.95% |
22.83% |
26.14% |
26.50% |
20.67% |
23.65% |
25.91% |
| Return on Invested Capital (ROIC) |
|
16.91% |
18.38% |
16.02% |
11.07% |
10.19% |
13.23% |
10.99% |
11.19% |
9.68% |
11.78% |
8.67% |
| ROIC Less NNEP Spread (ROIC-NNEP) |
|
16.91% |
18.38% |
16.02% |
11.07% |
10.19% |
13.23% |
10.99% |
11.19% |
9.68% |
11.78% |
8.67% |
| Return on Net Nonoperating Assets (RNNOA) |
|
45.19% |
44.62% |
38.86% |
30.82% |
28.12% |
34.47% |
28.12% |
27.43% |
26.45% |
31.71% |
18.47% |
| Return on Equity (ROE) |
|
62.10% |
62.99% |
54.89% |
41.89% |
38.31% |
47.71% |
39.10% |
38.62% |
36.14% |
43.49% |
27.14% |
| Cash Return on Invested Capital (CROIC) |
|
-7.31% |
-0.94% |
0.38% |
26.07% |
6.90% |
-6.16% |
-9.60% |
-13.65% |
-12.32% |
-12.24% |
-36.73% |
| Operating Return on Assets (OROA) |
|
17.92% |
19.16% |
17.31% |
12.65% |
11.06% |
13.67% |
11.75% |
11.92% |
9.63% |
12.30% |
9.60% |
| Return on Assets (ROA) |
|
13.64% |
14.61% |
12.71% |
8.93% |
8.19% |
10.55% |
8.68% |
8.76% |
7.64% |
9.39% |
7.11% |
| Return on Common Equity (ROCE) |
|
62.10% |
62.99% |
54.89% |
41.89% |
38.31% |
47.71% |
39.10% |
38.62% |
36.14% |
43.49% |
27.14% |
| Return on Equity Simple (ROE_SIMPLE) |
|
0.00% |
47.92% |
55.41% |
55.86% |
0.00% |
44.77% |
38.74% |
36.27% |
0.00% |
34.84% |
22.03% |
| Net Operating Profit after Tax (NOPAT) |
|
319 |
339 |
286 |
224 |
218 |
289 |
244 |
255 |
271 |
319 |
273 |
| NOPAT Margin |
|
14.06% |
14.02% |
11.78% |
8.89% |
8.09% |
10.42% |
8.50% |
8.40% |
7.31% |
8.89% |
7.33% |
| Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| SG&A Expenses to Revenue |
|
75.93% |
73.63% |
77.09% |
77.10% |
77.56% |
80.09% |
80.84% |
81.13% |
76.36% |
80.96% |
82.66% |
| Operating Expenses to Revenue |
|
81.52% |
81.62% |
83.96% |
87.41% |
89.07% |
86.50% |
88.49% |
88.58% |
90.79% |
88.36% |
90.11% |
| Earnings before Interest and Taxes (EBIT) |
|
419 |
444 |
389 |
318 |
294 |
374 |
330 |
347 |
341 |
417 |
369 |
| Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
498 |
527 |
476 |
412 |
393 |
474 |
434 |
461 |
479 |
561 |
518 |
| Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Price to Book Value (P/BV) |
|
7.86 |
7.20 |
7.91 |
8.63 |
8.24 |
8.78 |
8.28 |
6.27 |
8.34 |
7.81 |
5.91 |
| Price to Tangible Book Value (P/TBV) |
|
174.84 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
143.58 |
0.00 |
0.00 |
24.58 |
| Price to Revenue (P/Rev) |
|
2.01 |
1.79 |
1.82 |
1.87 |
1.70 |
1.95 |
1.95 |
1.56 |
1.97 |
1.85 |
2.13 |
| Price to Earnings (P/E) |
|
20.14 |
15.03 |
14.27 |
15.45 |
16.07 |
19.61 |
21.38 |
17.30 |
23.10 |
22.41 |
26.83 |
| Dividend Yield |
|
0.47% |
0.52% |
0.62% |
0.49% |
0.53% |
0.46% |
0.43% |
0.52% |
0.37% |
0.37% |
0.32% |
| Earnings Yield |
|
4.97% |
6.65% |
7.01% |
6.47% |
6.22% |
5.10% |
4.68% |
5.78% |
4.33% |
4.46% |
3.73% |
| Enterprise Value to Invested Capital (EV/IC) |
|
2.52 |
2.54 |
2.66 |
2.87 |
2.51 |
2.69 |
2.68 |
2.23 |
2.80 |
2.66 |
2.30 |
| Enterprise Value to Revenue (EV/Rev) |
|
2.30 |
2.10 |
2.12 |
2.18 |
2.06 |
2.31 |
2.30 |
1.89 |
2.36 |
2.24 |
2.39 |
| Enterprise Value to EBITDA (EV/EBITDA) |
|
13.84 |
10.95 |
10.41 |
10.97 |
11.46 |
13.47 |
14.30 |
11.99 |
15.85 |
15.26 |
16.65 |
| Enterprise Value to EBIT (EV/EBIT) |
|
17.50 |
13.39 |
12.58 |
13.37 |
14.34 |
17.19 |
18.62 |
15.70 |
21.03 |
20.56 |
22.79 |
| Enterprise Value to NOPAT (EV/NOPAT) |
|
23.00 |
17.61 |
16.68 |
17.97 |
19.43 |
23.25 |
25.14 |
21.01 |
27.67 |
27.13 |
30.07 |
| Enterprise Value to Operating Cash Flow (EV/OCF) |
|
10.00 |
10.20 |
9.14 |
108.47 |
40.41 |
20.65 |
43.53 |
35.27 |
105.51 |
154.18 |
59.64 |
| Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
0.00 |
752.81 |
10.40 |
37.57 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Debt to Equity |
|
2.57 |
2.32 |
2.47 |
2.50 |
2.96 |
2.88 |
2.63 |
2.41 |
2.57 |
2.56 |
1.88 |
| Long-Term Debt to Equity |
|
1.25 |
1.30 |
1.41 |
1.49 |
1.80 |
1.70 |
1.77 |
1.60 |
1.87 |
1.82 |
1.41 |
| Financial Leverage |
|
2.67 |
2.43 |
2.43 |
2.78 |
2.76 |
2.61 |
2.56 |
2.45 |
2.73 |
2.69 |
2.13 |
| Leverage Ratio |
|
4.55 |
4.31 |
4.32 |
4.69 |
4.68 |
4.52 |
4.51 |
4.41 |
4.73 |
4.63 |
3.82 |
| Compound Leverage Factor |
|
4.55 |
4.31 |
4.32 |
4.69 |
4.68 |
4.52 |
4.51 |
4.41 |
4.73 |
4.63 |
3.82 |
| Debt to Total Capital |
|
71.95% |
69.91% |
71.20% |
71.41% |
74.78% |
74.21% |
72.46% |
70.71% |
71.96% |
71.88% |
65.28% |
| Short-Term Debt to Total Capital |
|
36.79% |
30.80% |
30.47% |
28.69% |
29.48% |
30.42% |
23.83% |
23.78% |
19.40% |
20.68% |
16.18% |
| Long-Term Debt to Total Capital |
|
35.17% |
39.11% |
40.73% |
42.72% |
45.30% |
43.79% |
48.64% |
46.94% |
52.56% |
51.20% |
49.10% |
| Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Common Equity to Total Capital |
|
28.05% |
30.09% |
28.80% |
28.59% |
25.22% |
25.79% |
27.54% |
29.29% |
28.04% |
28.12% |
34.72% |
| Debt to EBITDA |
|
3.95 |
3.01 |
2.79 |
2.73 |
3.41 |
3.72 |
3.86 |
3.80 |
4.07 |
4.13 |
4.73 |
| Net Debt to EBITDA |
|
1.72 |
1.60 |
1.50 |
1.54 |
1.98 |
2.11 |
2.14 |
2.12 |
2.62 |
2.65 |
1.80 |
| Long-Term Debt to EBITDA |
|
1.93 |
1.69 |
1.59 |
1.63 |
2.07 |
2.20 |
2.59 |
2.52 |
2.97 |
2.94 |
3.55 |
| Debt to NOPAT |
|
6.57 |
4.85 |
4.46 |
4.47 |
5.78 |
6.43 |
6.79 |
6.66 |
7.11 |
7.34 |
8.53 |
| Net Debt to NOPAT |
|
2.86 |
2.58 |
2.41 |
2.52 |
3.36 |
3.64 |
3.76 |
3.71 |
4.57 |
4.71 |
3.24 |
| Long-Term Debt to NOPAT |
|
3.21 |
2.71 |
2.55 |
2.68 |
3.50 |
3.79 |
4.56 |
4.42 |
5.19 |
5.22 |
6.42 |
| Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Free Cash Flow to Firm (FCFF) |
|
-1,042 |
-776 |
-864 |
1,074 |
-297 |
-1,223 |
-1,523 |
-1,895 |
-1,940 |
-1,989 |
-5,206 |
| Operating Cash Flow to CapEx |
|
-237.27% |
-203.37% |
398.26% |
182.21% |
134.67% |
351.91% |
-138.74% |
142.34% |
-108.01% |
284.44% |
141.11% |
| Free Cash Flow to Firm to Interest Expense |
|
-16.20 |
0.00 |
-19.27 |
0.00 |
0.00 |
-20.35 |
-23.67 |
-27.96 |
0.00 |
-23.16 |
-49.28 |
| Operating Cash Flow to Interest Expense |
|
-2.75 |
0.00 |
8.98 |
0.00 |
0.00 |
7.09 |
-2.78 |
3.09 |
0.00 |
3.96 |
1.83 |
| Operating Cash Flow Less CapEx to Interest Expense |
|
-3.90 |
0.00 |
6.73 |
0.00 |
0.00 |
5.07 |
-4.78 |
0.92 |
0.00 |
2.57 |
0.53 |
| Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Asset Turnover |
|
0.97 |
1.04 |
1.08 |
1.00 |
1.01 |
1.01 |
1.02 |
1.04 |
1.05 |
1.06 |
0.97 |
| Fixed Asset Turnover |
|
11.78 |
11.75 |
11.72 |
11.78 |
11.73 |
11.33 |
11.13 |
11.03 |
11.56 |
11.86 |
11.99 |
| Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Invested Capital |
|
7,728 |
7,289 |
7,368 |
7,313 |
8,243 |
8,801 |
9,135 |
9,464 |
10,453 |
11,108 |
14,614 |
| Invested Capital Turnover |
|
1.20 |
1.31 |
1.36 |
1.24 |
1.26 |
1.27 |
1.29 |
1.33 |
1.32 |
1.33 |
1.18 |
| Increase / (Decrease) in Invested Capital |
|
1,361 |
1,114 |
1,150 |
-850 |
515 |
1,512 |
1,767 |
2,151 |
2,211 |
2,307 |
5,479 |
| Enterprise Value (EV) |
|
19,454 |
18,509 |
19,611 |
20,987 |
20,714 |
23,630 |
24,495 |
21,121 |
29,287 |
29,526 |
33,614 |
| Market Capitalization |
|
17,031 |
15,796 |
16,779 |
18,039 |
17,132 |
19,926 |
20,835 |
17,392 |
24,449 |
24,396 |
29,988 |
| Book Value per Share |
|
$27.23 |
$27.87 |
$27.32 |
$27.40 |
$27.49 |
$30.44 |
$33.67 |
$37.07 |
$39.14 |
$41.89 |
$63.45 |
| Tangible Book Value per Share |
|
$1.22 |
($1.95) |
($3.30) |
($4.23) |
($5.94) |
($3.51) |
($1.71) |
$1.62 |
($9.69) |
($8.85) |
$15.25 |
| Total Capital |
|
7,728 |
7,289 |
7,368 |
7,313 |
8,243 |
8,801 |
9,135 |
9,464 |
10,453 |
11,108 |
14,614 |
| Total Debt |
|
5,560 |
5,096 |
5,246 |
5,223 |
6,164 |
6,531 |
6,619 |
6,692 |
7,523 |
7,984 |
9,539 |
| Total Long-Term Debt |
|
2,717 |
2,851 |
3,001 |
3,124 |
3,734 |
3,854 |
4,443 |
4,442 |
5,495 |
5,687 |
7,175 |
| Net Debt |
|
2,423 |
2,713 |
2,833 |
2,948 |
3,582 |
3,704 |
3,661 |
3,729 |
4,839 |
5,129 |
3,626 |
| Capital Expenditures (CapEx) |
|
74 |
101 |
101 |
95 |
106 |
121 |
129 |
147 |
166 |
119 |
137 |
| Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Net Nonoperating Obligations (NNO) |
|
5,560 |
5,096 |
5,246 |
5,223 |
6,164 |
6,531 |
6,619 |
6,692 |
7,523 |
7,984 |
9,539 |
| Total Depreciation and Amortization (D&A) |
|
79 |
82 |
87 |
95 |
99 |
99 |
104 |
114 |
137 |
144 |
149 |
| Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Adjusted Basic Earnings per Share |
|
$4.01 |
$4.30 |
$3.70 |
$2.95 |
$2.93 |
$3.87 |
$3.26 |
$3.41 |
$3.63 |
$4.27 |
$3.42 |
| Adjusted Weighted Average Basic Shares Outstanding |
|
79.80M |
78.75M |
77.23M |
76.06M |
76.81M |
74.56M |
74.73M |
74.78M |
74.71M |
74.60M |
79.98M |
| Adjusted Diluted Earnings per Share |
|
$3.93 |
$4.24 |
$3.65 |
$2.91 |
$2.89 |
$3.83 |
$3.23 |
$3.39 |
$3.58 |
$4.24 |
$3.40 |
| Adjusted Weighted Average Diluted Shares Outstanding |
|
81.29M |
79.97M |
78.19M |
77.15M |
77.86M |
75.46M |
75.55M |
75.41M |
75.43M |
75.11M |
80.37M |
| Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
78.67M |
77.67M |
76.30M |
75.62M |
74.45M |
74.71M |
74.76M |
74.88M |
74.57M |
79.98M |
80.00M |
| Normalized Net Operating Profit after Tax (NOPAT) |
|
319 |
369 |
286 |
258 |
218 |
289 |
244 |
255 |
271 |
319 |
273 |
| Normalized NOPAT Margin |
|
14.06% |
15.25% |
11.78% |
10.25% |
8.09% |
10.42% |
8.50% |
8.40% |
7.31% |
8.89% |
7.33% |
| Pre Tax Income Margin |
|
18.48% |
18.38% |
16.04% |
12.59% |
10.93% |
13.50% |
11.51% |
11.42% |
9.21% |
11.64% |
9.89% |
| Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| EBIT to Interest Expense |
|
6.52 |
0.00 |
8.67 |
0.00 |
0.00 |
6.23 |
5.13 |
5.12 |
0.00 |
4.86 |
3.49 |
| NOPAT to Interest Expense |
|
4.96 |
0.00 |
6.37 |
0.00 |
0.00 |
4.81 |
3.79 |
3.77 |
0.00 |
3.71 |
2.59 |
| EBIT Less CapEx to Interest Expense |
|
5.36 |
0.00 |
6.42 |
0.00 |
0.00 |
4.21 |
3.13 |
2.96 |
0.00 |
3.47 |
2.19 |
| NOPAT Less CapEx to Interest Expense |
|
3.81 |
0.00 |
4.11 |
0.00 |
0.00 |
2.79 |
1.79 |
1.60 |
0.00 |
2.32 |
1.29 |
| Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Dividend Payout Ratio |
|
9.44% |
7.94% |
7.36% |
7.66% |
8.65% |
8.96% |
9.27% |
8.94% |
8.48% |
8.24% |
8.17% |
| Augmented Payout Ratio |
|
47.87% |
60.28% |
79.66% |
95.44% |
111.82% |
97.04% |
65.20% |
38.28% |
24.54% |
26.65% |
26.07% |
Key Financial Trends
LPL Financial (NASDAQ: LPLA) has demonstrated steady financial performance over the past few years through Q2 2025, highlighted by consistent net income growth, strong revenue streams, effective cash flow management, and an expanding balance sheet. Here are the key trends and observations from the financial data:
- Increasing Net Income: Consolidated net income has grown from $217.6 million in Q4 2023 to $273.2 million in Q2 2025, reflecting improved profitability and operational efficiency.
- Rising Revenues: Total revenue increased from $2.69 billion in Q4 2023 to $3.73 billion in Q2 2025, driven primarily by growth in investment banking income and commissions.
- Strong Non-Interest Income Growth: Non-interest income, including trust fees and investment banking income, saw significant growth from approx. $2.68 billion in Q4 2023 to $3.83 billion in Q2 2025, diversifying revenue sources.
- Solid Earnings Per Share (EPS): Basic EPS improved from $2.93 in Q4 2023 to $3.42 in Q2 2025, with diluted EPS moving from $2.89 to $3.40, reflecting earnings growth and share repurchases.
- Increased Cash and Equivalents: Cash and equivalents rose sharply from $1.47 billion in Q3 2024 to $4.19 billion in Q2 2025, signaling improved liquidity and cash management.
- Growth in Total Assets and Equity: Total assets expanded from $11.0 billion in Q1 2023 to $17.47 billion in Q2 2025, while total equity increased from about $2.19 billion to over $5.07 billion, indicating company growth and stronger capital base.
- Rising Debt Levels: Long-term debt increased substantially from $2.85 billion in Q1 2023 to $7.18 billion in Q2 2025. While the company also issued debt to fund growth, interest expense has grown accordingly, reaching $105.6 million in Q2 2025.
- Consistent Dividends and Buybacks: Dividend payouts remained steady at $0.30 per share, and the company continues repurchasing common equity, though the amounts fluctuated over the periods, impacting cash flows.
- Non-Interest Expense Rising: Salaries, marketing, occupancy, and other operating expenses have grown over the years, with total non-interest expenses rising from about $1.98 billion in Q1 2023 to $3.36 billion in Q2 2025, which could pressure margins if revenues do not grow proportionally.
- Volatility in Operating Cash Flows: Net cash from operating activities showed some fluctuations, with a significant drop into negative territory in late 2024 and a rebound in 2025. The variability in changes in operating assets and liabilities indicates potential working capital management challenges.
Overall, LPL Financial has shown strong top-line growth and improved profitability over the analyzed periods, supported by a diverse income stream and expanding asset base. However, rising operational costs and increased leverage warrant monitoring. Investors should weigh these growth factors against the growing expenses and debt levels when considering exposure to LPLA stock.
10/25/25 10:14 AM ETAI Generated. May Contain Errors.