LPL Financial Holdings Inc.LPLAEarnings & Financial Report
LPL Financial Holdings Inc. was founded in 1989 and is considered the largest independent broker-dealer in the United States. As of 2021 the company had more than 17,500 financial advisors, over US$1 trillion in advisory and brokerage assets, and generated approximately $10.3 billion in annual revenue for the 2023 fiscal year. LPL Financial has main offices in Boston, Fort Mill, Austin, and San Diego. The company is a member of FINRA and the SIPC.
LPLA Q1 FY2026 Key Financial Metrics
Revenue
$4.9B
Gross Profit
$1.6B
Operating Profit
N/A
Net Profit
$356.4M
Gross Margin
32.3%
Operating Margin
N/A
Net Margin
7.2%
YoY Growth
34.6%
EPS
$4.43
LPL Financial Holdings Inc. Q1 FY2026 Financial Summary
LPL Financial Holdings Inc. reported revenue of $4.9B (up 34.6% YoY) for Q1 FY2026, with a net profit of $356.4M (7.2% margin). Cost of goods sold was $3.3B.
Key Financial Metrics
| Total Revenue | $4.9B |
|---|---|
| Net Profit | $356.4M |
| Gross Margin | 32.3% |
| Operating Margin | N/A |
| Report Period | Q1 FY2026 |
Revenue Breakdown
LPL Financial Holdings Inc. Q1 FY2026 revenue of $4.9B breaks down across 7 segments, led by Advisory at $2.6B (53.0% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Advisory | $2.6B | 53.0% |
| Sales-based | $705.4M | 14.3% |
| Trailing | $486.6M | 9.9% |
| Client cash | $445.3M | 9.0% |
| Other | $394.5M | 8.0% |
| Service and fee | $211.0M | 4.3% |
| Transaction | $80.5M | 1.6% |
LPL Financial Holdings Inc. Revenue by Segment — Quarterly Trend
LPL Financial Holdings Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Advisory and Sales-based) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Advisory | $2.6B | — | — | — |
| Sales-based | $705.4M | — | — | — |
| Trailing | $486.6M | — | — | — |
| Client cash | $445.3M | — | — | — |
| Other | $394.5M | — | $2.3B | $1.9B |
LPL Financial Holdings Inc. Annual Revenue by Year
LPL Financial Holdings Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $17.0B).
LPL Financial Holdings Inc. Quarterly Revenue & Net Profit History
LPL Financial Holdings Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $4.9B | +34.6% | $356.4M | 7.2% |
| Q4 FY2025 | $4.9B | +40.4% | $300.7M | 6.1% |
| Q3 FY2025 | $4.6B | +46.4% | $-29.5M | -0.6% |
| Q2 FY2025 | $3.8B | +30.8% | $273.2M | 7.1% |
| Q1 FY2025 | $3.7B | +29.6% | $318.6M | 8.7% |
| Q4 FY2024 | $3.5B | +32.9% | $270.7M | 7.7% |
| Q3 FY2024 | $3.1B | +23.2% | $255.3M | 8.2% |
| Q2 FY2024 | $2.9B | +18.8% | $243.8M | 8.3% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.93B | $3.11B | $3.51B | $3.67B | $3.84B | $4.55B | $4.93B | $4.94B |
| YoY Growth | 18.8% | 23.2% | 32.9% | 29.6% | 30.8% | 46.4% | 40.4% | 34.6% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $11.50B | $11.94B | $13.32B | $13.96B | $17.47B | $18.03B | $18.49B | $18.84B |
| Liabilities | $8.99B | $9.17B | $10.39B | $10.84B | $12.40B | $12.99B | $13.15B | $13.15B |
| Equity | $2.52B | $2.77B | $2.93B | $3.12B | $5.07B | $5.04B | $5.34B | $5.69B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $-178.9M | $209.3M | $-178.8M | $339.8M | $193.3M | $-1.73B | $785.0M |