LPL Financial

LPL Financial

Capital Markets
LPL Financial is the largest US independent broker-dealer, with nearly 29,000 financial advisors affiliated with its platform and roughly 10 million associated customer accounts at the end of 2024. The firm earns the bulk of its profit from interest income earned on client cash balances and from advisory fees and commissions tied to the $1.7 trillion in assets under management or advisory on its platform at year-end 2024. LPL specializes in the provision of turnkey wealth management services for affiliated independent advisors, but maintains a diverse array of affiliation modalities, running the gamut from more traditional employee models to a pure RIA custody approach. It earns tuck-in revenue from recordkeeping fees and the provision of software tools and services to its advisor base.

$27.2B

Market Cap • 9/11/2026

2005

(21 years)

Founded

2010

(16 years ago)

IPO

NASDAQ

Listing Exchange

Flag of United States

United States

Country

Valuation

P/B

4,7

P/S

1,4

P/EBITDA

10,9

P/OCF

P/FCF

P/E

27,6

BVPS

71,7

EPS

12,5

Market Cap

Market Cap

27,2B

EV

33,4B

EV/Revenue

1,7

EV/EBITDA

13,4

EV/EBIT

18,8

Payout

Dividend Per Share

1,2

Dividend Yield

0,3%

Buyback Yield

1,1%

Total Yield

1,5%

Dividend Yield 5Y

0,4%

Payout

9,5%

Retained Earnings

6,5B

Profitability

Gross Margin

23,3%

EBITDA Margin

12,7%

EBIT Margin

9,1%

Net Margin

5,1%

D&A/EBITDA

28,3%

R&D/Revenue

0%

Capex/Revenue

3,5%

Capex/D&A

95,7%

Capex/OCF

-273%

SBC/OCF

% PPE

7,9%

% Goodwill

13,5%

ROE

18,6%

ROIC

9,1%

Growth

CAGR Revenue 5Y

24,2%

CAGR Op. Income 5Y

19,4%

CAGR Net Income 5Y

16,8%

CAGR EPS 5Y

17%

Leverage

N.D./EBITDA

2,5

Debt/Equity

0%

Current Ratio

2,3

Quick Ratio

0,3

Interest Coverage

429,6%

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