Stocks · Financial Services · Financial - Capital Markets
LPL Financial Holdings Inc. LPLA
$316.44 +1.37% Close, Oct 2, 2026 · NASDAQ · Market cap $25.31B
Strong growth
Next earnings report: Oct 29, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Earnings beat analyst estimates in each of the last 14 quarters (average surprise over the last four: +8.2%).
- Revenue over the last four quarters was $19.61B, up 38.8% from a year earlier.
- Diluted EPS over the last four quarters was $12.54, down 14.2% year over year.
PromtFinance scores
Each score is a percentile within the Financial Services sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
Growth81Strong
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 10%
- EPS growth (TTM, YoY)Bottom 21%
- Revenue growth, 3-year CAGRTop 20%
- Revenue growth accelerationTop 39%
Quality27Very weak
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 14%
- Gross marginBottom 7%
- Operating marginBottom 23%
- Cash conversion (OCF / net income)Bottom 10%
- Accruals (lower is better)Bottom 6%
- Net debt / EBITDA (lower is better)Bottom 44%
- Interest coverTop 19%
Value52Neutral
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 36%
- Free-cash-flow yieldBottom 11%
- EBITDA / enterprise valueTop 37%
- Sales / enterprise valueTop 19%
- P/E vs own 5-year history (lower is better)Top 44%
Momentum31Weak
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 47%
- 6-month returnTop 45%
- 1-year return vs S&P 500Bottom 34%
- Distance from 52-week highBottom 23%
- Trend checklist (0–4)Bottom 27%
Revisions94Exceptional
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 34%
- Consecutive EPS beatsTop 2%
- Share of analysts rating BuyTop 34%
- Upside to consensus price targetTop 26%
Stability21Very weak
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 26%
- Maximum drawdown, 3 yearsBottom 38%
- Beta vs S&P 500 (lower is better)Bottom 16%
- Net debt / EBITDA (lower is better)Bottom 44%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 38.1% | 38.8% | ↑ |
| EPS growth (YoY) | -22.5% | -14.2% | ↑ |
| Gross margin | 26.4% | 25.2% | ↓ |
| Operating margin | 13.0% | 10.7% | ↓ |
| FCF margin | -0.0% | -5.4% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 38.8% | 38.1% | ↑ | Top 10% |
| EPS growth (TTM, YoY) | -14.2% | -22.5% | ↑ | Bottom 21% |
| Gross margin | 25.2% | 26.4% | ↓ | Bottom 7% |
| Operating margin | 10.7% | 13.0% | ↓ | Bottom 23% |
| Net margin | 5.1% | 7.9% | ↓ | — |
| Free-cash-flow margin | -5.4% | -0.0% | ↓ | — |
| Return on invested capital | 10.0% | — | Top 14% | |
| Revenue growth, 3-year CAGR | 25.5% | — | Top 20% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- -0.37×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- 7.0%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.4%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -10.4 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 1.84×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 5.1×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.38%
- Net buyback yield (TTM)
- -5.46%
- Shareholder yield
- -5.08%
- Share count change, 1 year
- +3.2%
- Share count change, 3-year CAGR
- +0.9%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 3, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 14
- Beats in the last 8 reports
- 8 of 8
- Average EPS surprise, last 4
- +8.2%
- Average 2-day reaction, last 8
- -0.2%
- Positive 20 days after report
- 4 of 8
Analysts
- Consensus price target
- $397.17
- Target vs current price
- +25.5%
- Analysts with a rating
- 25
- Share rating Buy or Strong Buy
- 60%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 30, 2026 | +8.3% | +0.4% | +6.6% | +6.7% | — |
| Apr 30, 2026 | +2.2% | +1.0% | -1.9% | -19.7% | +0.3% |
| Jan 29, 2026 | +6.3% | -1.1% | +6.0% | -12.9% | -12.6% |
| Oct 30, 2025 | +15.8% | -1.5% | +9.0% | +2.9% | +6.2% |
| Jul 31, 2025 | +6.6% | -0.8% | -5.1% | -8.3% | -15.2% |
| May 8, 2025 | +10.0% | +1.3% | +15.1% | +13.6% | +12.0% |
| Jan 30, 2025 | +6.0% | -0.1% | +1.2% | -0.1% | -13.1% |
| Oct 30, 2024 | +12.1% | -0.6% | +3.8% | +23.2% | +34.8% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 30, 2026 | $5.84 | $5.39 | +8.3% | $5.19B |
| Apr 30, 2026 | $5.60 | $5.48 | +2.2% | $4.94B |
| Jan 29, 2026 | $5.23 | $4.92 | +6.3% | $4.93B |
| Oct 30, 2025 | $5.20 | $4.49 | +15.8% | $4.55B |
| Jul 31, 2025 | $4.51 | $4.23 | +6.6% | $3.84B |
| May 8, 2025 | $5.15 | $4.68 | +10.0% | $3.67B |
| Jan 30, 2025 | $4.25 | $4.01 | +6.0% | $3.51B |
| Oct 30, 2024 | $4.16 | $3.71 | +12.1% | $3.11B |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 25.2× | 25.6× | 48th | Bottom 36% |
| P/E (forward) | 13.3× | — | — | — |
| EV / EBITDA | 11.6× | — | — | Top 37% |
| EV / Sales | 1.53× | — | — | Top 19% |
| Free-cash-flow yield | -4.17% | — | — | Bottom 11% |
| Earnings yield | 3.96% | — | — | Bottom 36% |
P/E over the past five years
Range 15.1× – 35.4× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- -0.2%
- Earnings per share growth (TTM)
- -14.2%
- Change in P/E multiple
- +12.2%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- +2.3%
- 200-day average slope (20 days)
- -1.1%
- Distance from 50-day average
- -8.7%
- Distance from 200-day average
- -3.3%
- RSI (14)
- 40.9
- Relative volume
- 1.27×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 30.6%
- Volatility vs own 5-year history
- 32th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 1.11
- Correlation with S&P 500
- 0.47
- Current drawdown from 1-year high
- -19.5%
- Maximum drawdown, 3 years
- -33.4%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Jul 30, 2025 | May 28, 2026 | -33.4% | 208 days | Not yet recovered |
| Jun 20, 2024 | Aug 5, 2024 | -33.2% | 31 days | 66 days (Nov 6, 2024) |
| Nov 8, 2022 | May 4, 2023 | -32.8% | 121 days | 218 days (Mar 18, 2024) |
| Feb 19, 2025 | Apr 4, 2025 | -26.1% | 32 days | 27 days (May 14, 2025) |
| Feb 9, 2022 | Mar 7, 2022 | -24.7% | 17 days | 24 days (Apr 8, 2022) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $25.31B
- P/E (TTM)
- 25.2
- EPS, diluted (TTM)
- $12.54
- Revenue (TTM)
- $19.61B
- Dividend yield
- 0.38%
- 52-week range
- $260.15 – $400.16
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $7.72B | $8.60B | $10.05B | $12.39B | $16.99B |
| Gross profit | $1.71B | $2.37B | $3.05B | $3.37B | $4.35B |
| Operating income | $730.1M | $1.24B | $1.63B | $1.67B | $2.28B |
| Net income | $459.9M | $845.7M | $1.07B | $1.06B | $863.0M |
| EPS (diluted) | $5.63 | $10.40 | $13.69 | $14.03 | $10.92 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.11B | $3.51B | $3.67B | $3.84B | $4.55B | $4.93B | $4.94B | $5.19B |
| Net income | $255.3M | $270.7M | $318.6M | $273.2M | -$29.5M | $300.7M | $356.4M | $379.3M |
| EPS (diluted) | $3.39 | $3.59 | $4.24 | $3.40 | -$0.37 | $3.74 | $4.43 | $4.74 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $453.1M | $1.95B | $512.6M | $277.6M | -$423.0M |
| Capital expenditure | -$216.0M | -$306.6M | -$403.3M | -$562.5M | -$570.4M |
| Free cash flow | $237.1M | $1.64B | $109.3M | -$284.9M | -$993.4M |
| Dividends paid | -$80.1M | -$79.8M | -$92.2M | -$89.7M | -$94.4M |
| Net share buybacks | -$90.0M | -$325.0M | -$1.10B | -$170.1M | -$133.5M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $2.70B
- Total assets
- $19.79B
- Total liabilities
- $14.03B
- Total debt
- $7.46B
- Net debt
- $4.76B
- Shareholders’ equity
- $5.76B
As of Jun 30, 2026 (filed Aug 3, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Aug 14, 2026 | $0.30 | Aug 28, 2026 |
| May 21, 2026 | $0.30 | Jun 4, 2026 |
| Mar 10, 2026 | $0.30 | Mar 24, 2026 |
| Nov 13, 2025 | $0.30 | Dec 1, 2025 |
| Aug 15, 2025 | $0.30 | Aug 29, 2025 |
| May 30, 2025 | $0.30 | Jun 12, 2025 |
| Mar 11, 2025 | $0.30 | Mar 25, 2025 |
| Nov 14, 2024 | $0.30 | Dec 2, 2024 |
Short interest
- Shares sold short
- 1,768,918
- Days to cover
- 2.98
- Change vs previous report
- -7.3%
FINRA short interest, settlement date Sep 15, 2026.