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.
Revenue
$4.6B
Gross Profit
N/A
Operating Profit
$-34.1M
Net Profit
$-29.5M
Gross Margin
N/A
Operating Margin
-0.7%
Net Margin
-0.6%
YoY Growth
46.4%
EPS
$-0.37
Financial Flow
LPL Financial Holdings Inc. Q3 2025 Financial Summary
LPL Financial Holdings Inc. reported revenue of $4.6B (up 46.4% YoY) for Q3 2025, with a net profit of $-29.5M (down 111.6% YoY) (-0.6% margin). Cost of goods sold was N/A.
Key Financial Metrics
| Total Revenue | $4.6B |
|---|---|
| Net Profit | $-29.5M |
| Gross Margin | N/A |
| Operating Margin | -0.7% |
| Report Period | Q3 2025 |
Revenue Breakdown
LPL Financial Holdings Inc. Q3 2025 revenue of $4.6B breaks down across 6 segments, led by Other at $2.3B (50.4% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Other | $2.3B | 50.4% |
| Annuities | $713.9M | 15.7% |
| Transferred At Point In Time | $695.0M | 15.3% |
| Transferred Over Time | $492.4M | 10.8% |
| Mutual Fund | $258.2M | 5.7% |
| Other Investment | $97.4M | 2.1% |
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 Other and Annuities) has evolved quarter over quarter.
| Segment | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|
| Other | $2.6B | $2.3B | $1.9B | $1.7B |
| Annuities | $720.5M | $713.9M | $629.8M | $615.6M |
| Transferred At Point In Time | $721.1M | $695.0M | $619.8M | $610.0M |
| Transferred Over Time | $510.7M | $492.4M | $418.3M | $437.7M |
| Mutual Fund | $271.1M | $258.2M | $223.3M | $233.9M |
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).
| Year | Annual Revenue |
|---|---|
| 2025 | $17.0B |
| 2024 | $12.4B |
| 2023 | $10.1B |
| 2022 | $8.6B |
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 |
|---|---|---|---|---|
| Q4 2025 | $4.9B | +40.4% | $300.7M | 6.1% |
| Q3 2025 | $4.6B | +46.4% | $-29.5M | -0.6% |
| Q2 2025 | $3.8B | +30.8% | $273.2M | 7.1% |
| Q1 2025 | $3.7B | +29.6% | $318.6M | 8.7% |
| Q4 2024 | $3.5B | +32.9% | $270.7M | 7.7% |
| Q3 2024 | $3.1B | +23.2% | $255.3M | 8.2% |
| Q2 2024 | $2.9B | +18.8% | $243.8M | 8.3% |
| Q1 2024 | $2.8B | +17.2% | $288.8M | 10.2% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.83B | $2.93B | $3.11B | $3.51B | $3.67B | $3.84B | $4.55B | $4.93B |
| YoY Growth | 17.2% | 18.8% | 23.2% | 32.9% | 29.6% | 30.8% | 46.4% | 40.4% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $11.02B | $11.50B | $11.94B | $13.32B | $13.96B | $17.47B | $18.03B | $18.49B |
| Liabilities | $8.75B | $8.99B | $9.17B | $10.39B | $10.84B | $12.40B | $12.99B | $13.15B |
| Equity | $2.27B | $2.52B | $2.77B | $2.93B | $3.12B | $5.07B | $5.04B | $5.34B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $425.9M | $-178.9M | $209.3M | $-178.8M | $339.8M | $193.3M | $-1.73B | $785.0M |