(LPLA) LPL Financial Holdings - Overview

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US50212V1008

Stock:

Total Rating 28

Risk 67

Buy Signal -0.97

Capital Markets -8.1
Investment Banking & Brokerage -5.9

Market Cap: 25,583m
Avg Trading Vol: 388M USD

ATR: 5.09%
Peers RS (IBD): 14.29

Risk 5d forecast
Volatility	60.9%
Relative Tail Risk	-9.74%

Reward TTM
Sharpe Ratio	-0.35
Alpha	-37.50

Character TTM
Beta	1.315
Beta Downside	2.054

Drawdowns 3y
Max DD	33.18%
CAGR/Max DD	0.18

EPS (Earnings per Share)

EPS CAGR: 30.09%
EPS Trend: 76.2%

Last SUE: 1.48
Qual. Beats: 10

Revenue

Rev. CAGR: 26.12%
Rev. Trend: 98.0%

Last SUE: 0.80
Qual. Beats: 0

Description: LPLA LPL Financial Holdings

LPL Financial Holdings Inc., together with its subsidiaries, 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, retirement and 529 education savings plans, and insurance; and client cash programs consist of Federal Deposit Insurance Corporation (FDIC) insured bank sweep vehicles, and a client cash and money market account. It also provides fee-based platforms that provide access to mutual funds, exchange traded funds, stocks, bonds, certain options strategies, unit investment trusts, institutional money managers, and no-load multi-manager variable annuities. In addition, the company offers retirement solutions for commission and fee-based services that allow advisors to provide brokerage services, consultation, and advice to retirement plan sponsors. Further, it provides other services comprising tools and services that enable advisors to maintain and grow their practices; trust, investment management oversight, and custodial services for estates and families; an advisor-facing trading and portfolio rebalancing platform; insurance brokerage general agency services; and technology products, including proposal generation, investment analytics, and portfolio modeling. The company was formerly known as LPL Investment Holdings Inc. and changed its name to LPL Financial Holdings Inc. in June 2012. LPL Financial Holdings Inc. was founded in 1989 and is based in San Diego, California.

Piotroski VR‑10 (Strict, 0-10) 4.0

Net Income: 863.0m TTM > 0 and > 6% of Revenue
FCF/TA: -0.05 > 0.02 and ΔFCF/TA -3.18 > 1.0
NWC/Revenue: 30.44% < 20% (prev 21.16%; Δ 9.28% < -1%)
CFO/TA -0.02 > 3% & CFO -411.4m > Net Income 863.0m
Net Debt (6.22b) to EBITDA (2.18b): 2.85 < 3
Current Ratio: 2.42 > 1.5 & < 3
Outstanding Shares: last quarter (80.4m) vs 12m ago 6.73% < -2%
Gross Margin: 23.68% > 18% (prev 0.27%; Δ 2340 % > 0.5%)
Asset Turnover: 106.8% > 50% (prev 93.00%; Δ 13.82% > 0%)
Interest Coverage Ratio: 3.85 > 6 (EBITDA TTM 2.18b / Interest Expense TTM 403.4m)

Altman Z'' 3.99

A: 0.28 (Total Current Assets 8.81b - Total Current Liabilities 3.64b) / Total Assets 18.49b
B: 0.32 (Retained Earnings 5.85b / Total Assets 18.49b)
C: 0.10 (EBIT TTM 1.55b / Avg Total Assets 15.91b)
D: 0.45 (Book Value of Equity 5.85b / Total Liabilities 13.15b)
Altman-Z'' Score: 3.99 = AA

Beneish M -2.40

DSRI: 1.08 (Receivables 5.76b/3.89b, Revenue 16.99b/12.39b)
GMI: 1.15 (GM 23.68% / 27.21%)
AQI: 1.15 (AQ_t 0.45 / AQ_t-1 0.39)
SGI: 1.37 (Revenue 16.99b / 12.39b)
TATA: 0.07 (NI 863.0m - CFO -411.4m) / TA 18.49b)
Beneish M-Score: -2.40 (Cap -4..+1) = BBB

What is the price of LPLA shares?

As of March 01, 2026, the stock is trading at USD 300.38 with a total of 1,263,403 shares traded.
Over the past week, the price has changed by -5.90%, over one month by -17.72%, over three months by -15.63% and over the past year by -16.67%.

Is LPLA a buy, sell or hold?

LPL Financial Holdings has received a consensus analysts rating of 4.20. Therefore, it is recommended to buy LPLA.

StrongBuy: 7
Buy: 5
Hold: 2
Sell: 1
StrongSell: 0

What are the forecasts/targets for the LPLA price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	455	51.5%
Analysts Target Price	455	51.5%

LPLA Fundamental Data Overview February 28, 2026

P/E Trailing = 29.236
P/E Forward = 21.7865
P/S = 1.5425
P/B = 4.9331
P/EG = 1.1654
Revenue TTM = 16.99b USD
EBIT TTM = 1.55b USD
EBITDA TTM = 2.18b USD
Long Term Debt = 7.18b USD (from longTermDebt, two quarters ago)
Short Term Debt = 344.0m USD (from shortTermDebt, two quarters ago)
Debt = 7.26b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 6.22b USD (from netDebt column, last quarter)
Enterprise Value = 31.71b USD (25.58b + Debt 7.26b - CCE 1.13b)
Interest Coverage Ratio = 3.85 (Ebit TTM 1.55b / Interest Expense TTM 403.4m)
EV/FCF = -32.23x (Enterprise Value 31.71b / FCF TTM -984.1m)
FCF Yield = -3.10% (FCF TTM -984.1m / Enterprise Value 31.71b)
FCF Margin = -5.79% (FCF TTM -984.1m / Revenue TTM 16.99b)
Net Margin = 5.08% (Net Income TTM 863.0m / Revenue TTM 16.99b)
Gross Margin = 23.68% ((Revenue TTM 16.99b - Cost of Revenue TTM 12.97b) / Revenue TTM)
Gross Margin QoQ = 23.69% (prev 19.73%)
Tobins Q-Ratio = 1.71 (Enterprise Value 31.71b / Total Assets 18.49b)
Interest Expense / Debt = 1.45% (Interest Expense 105.6m / Debt 7.26b)
Taxrate = 24.36% (96.8m / 397.6m)
NOPAT = 1.17b (EBIT 1.55b * (1 - 24.36%))
Current Ratio = 2.42 (Total Current Assets 8.81b / Total Current Liabilities 3.64b)
Debt / Equity = 1.36 (Debt 7.26b / totalStockholderEquity, last quarter 5.34b)
Debt / EBITDA = 2.85 (Net Debt 6.22b / EBITDA 2.18b)
Debt / FCF = -6.32 (negative FCF - burning cash) (Net Debt 6.22b / FCF TTM -984.1m)
Total Stockholder Equity = 4.65b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.43% (Net Income 863.0m / Total Assets 18.49b)
RoE = 18.57% (Net Income TTM 863.0m / Total Stockholder Equity 4.65b)
RoCE = 13.13% (EBIT 1.55b / Capital Employed (Equity 4.65b + L.T.Debt 7.18b))
RoIC = 10.48% (NOPAT 1.17b / Invested Capital 11.21b)
WACC = 8.63% (E(25.58b)/V(32.84b) * Re(10.76%) + D(7.26b)/V(32.84b) * Rd(1.45%) * (1-Tc(0.24)))
Discount Rate = 10.76% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 2.70%
[DCF] Fair Price = unknown (Cash Flow -984.1m)
EPS Correlation: 76.20 | EPS CAGR: 30.09% | SUE: 1.48 | # QB: 10
Revenue Correlation: 98.03 | Revenue CAGR: 26.12% | SUE: 0.80 | # QB: 0
EPS next Quarter (2026-03-31): EPS=5.85 | Chg7d=+0.000 | Chg30d=+0.169 | Revisions Net=+3 | Analysts=12
EPS current Year (2026-12-31): EPS=23.94 | Chg7d=+0.000 | Chg30d=+0.685 | Revisions Net=+6 | Growth EPS=+19.2% | Growth Revenue=+24.2%
EPS next Year (2027-12-31): EPS=29.15 | Chg7d=+0.000 | Chg30d=+0.429 | Revisions Net=+3 | Growth EPS=+21.8% | Growth Revenue=+13.5%
[Analyst] Revisions Ratio: +0.27 (7 Up / 4 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 7.3% (Discount Rate 10.8% - Earnings Yield 3.4%)
[Growth] Growth Spread = +30.4% (Analyst 37.8% - Implied 7.3%)

Additional Sources for LPLA Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Fund Manager Positions: Dataroma | Stockcircle