LPLA - LPL Financial Holdings Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$441.00
DETAILS
HIGH:
$500.00
LOW:
$374.00
MEDIAN:
$445.00
CONSENSUS:
$441.00
UPSIDE:
54.31%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||
| Revenue | 16,989.5 | 12,385.1 | 10,052.8 | 8,600.8 | 7,720.8 | 5,871.6 | 5,624.9 | 5,188.4 | 4,281.5 | 4,049.4 | 4,275.1 | 4,373.7 | 4,140.9 | 3,661.1 | 3,479.4 | 3,113.5 | 2,749.5 | 3,116.3 | 2,716.6 | 1,739.9 | 1,407.3 |
| Cost of Revenue | 12,642.2 | 9,015.7 | 7,001.5 | 6,231.6 | 6,007.1 | 4,377.6 | 4,008.8 | 3,747.4 | 3,183.6 | 3,091.7 | 3,357.4 | 3,469.5 | 3,293.8 | 2,911.5 | 2,770.6 | 2,706.2 | 2,175.0 | 2,506.2 | 2,192.7 | 1,368.5 | 1,141.7 |
| Gross Profit | 4,347.3 | 3,369.4 | 3,051.4 | 2,369.2 | 1,713.7 | 1,494.1 | 1,616.1 | 1,441.0 | 1,097.9 | 957.7 | 917.7 | 904.1 | 847.0 | 749.5 | 708.8 | 407.3 | 574.5 | 610.1 | 523.9 | 371.4 | 265.6 |
| Operating Expenses | |||||||||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 2,475.7 | 1,040.1 | 856.2 | 1,160.7 | 621.3 | 484.1 | 465.4 | 456.2 | 385.3 | 353.1 | 334.7 | 313.1 | 268.7 | 246.9 | 216.6 | 193.2 | 186.2 | 229.9 | 167.0 | 98.6 | 95.7 |
| Other Expenses | (413.3) | 662.3 | 563.6 | (29.4) | 362.2 | 278.1 | 275.7 | 267.2 | 218.6 | 210.6 | 229.3 | 206.2 | 197.4 | 175.1 | 119.3 | 160.6 | 156.1 | 154.5 | 125.6 | 92.6 | 51.8 |
| Operating Expenses | 2,062.4 | 1,702.4 | 1,419.8 | 1,131.3 | 983.6 | 762.2 | 741.1 | 723.4 | 603.9 | 563.7 | 564.0 | 519.3 | 466.1 | 422.0 | 336.0 | 353.8 | 342.3 | 384.5 | 292.6 | 191.2 | 147.5 |
| Operating Income | |||||||||||||||||||||
| Operating Income | 2,284.9 | 1,667.1 | 1,631.6 | 1,237.9 | 730.1 | 731.8 | 875.0 | 717.7 | 494.0 | 394.0 | 353.7 | 384.8 | 380.9 | 327.5 | 372.9 | 53.5 | 232.2 | 225.7 | 231.3 | 180.3 | 118.1 |
| Interest Expense | 403.4 | 274.2 | 186.8 | 126.2 | 104.4 | 105.8 | 130.0 | 125.0 | 107.0 | 96.5 | 59.1 | 51.5 | 51.4 | 54.8 | 68.8 | 90.4 | 100.9 | 115.6 | 122.8 | 125.4 | 2.4 |
| Interest Income | 231.6 | 0 | 0 | 0 | 28.6 | 29.4 | 46.5 | 40.2 | 24.5 | 21.3 | 19.2 | 19.0 | 17.9 | 18.7 | 20.1 | 19.8 | 20.5 | 33.7 | 35.7 | 28.4 | 17.7 |
| Profitability | |||||||||||||||||||||
| EBITDA | 2,182.9 | 2,110.8 | 1,985.8 | 1,525.3 | 936.4 | 908.9 | 1,032.9 | 865.6 | 594.0 | 508.0 | 453.3 | 443.1 | 426.3 | 377.2 | 424.2 | 87.6 | 281.8 | 308.8 | 309.4 | 245.6 | 136.0 |
| EBIT | 1,552.9 | 1,667.1 | 1,631.6 | 1,237.9 | 705.7 | 731.8 | 871.8 | 717.7 | 471.6 | 394.0 | 341.7 | 346.2 | 342.7 | 305.4 | 351.4 | 1.6 | 173.5 | 208.3 | 230.7 | 180.3 | 118.1 |
| Income Before Tax | 1,149.5 | 1,392.9 | 1,444.8 | 1,111.7 | 601.3 | 626.1 | 741.8 | 592.6 | 364.6 | 297.5 | 282.6 | 294.7 | 291.3 | 250.6 | 282.7 | (88.8) | 72.6 | 92.8 | 107.8 | 54.9 | 115.8 |
| Income Tax Expense | 286.5 | 334.3 | 378.5 | 266.0 | 141.5 | 153.4 | 182.0 | 153.2 | 125.7 | 105.6 | 113.8 | 116.7 | 109.4 | 98.7 | 112.3 | (32.0) | 25.0 | 47.3 | 46.8 | 21.2 | 46.5 |
| Net Income | 863.0 | 1,058.6 | 1,066.2 | 845.7 | 459.9 | 472.6 | 559.9 | 439.5 | 238.9 | 191.9 | 168.8 | 178.0 | 181.9 | 151.9 | 170.4 | (56.9) | 47.5 | 45.5 | 61.1 | 33.6 | 43.1 |
| Per Share Data | |||||||||||||||||||||
| EPS (Basic) | 10.97 | 14.17 | 13.88 | 10.60 | 5.75 | 5.96 | 6.78 | 4.99 | 2.65 | 2.15 | 1.77 | 1.78 | 1.74 | 1.39 | 1.55 | -0.64 | 0.55 | 0.52 | 0.70 | 0.39 | 0.50 |
| EPS (Diluted) | 10.92 | 14.03 | 13.69 | 10.40 | 5.63 | 5.86 | 6.62 | 4.85 | 2.59 | 2.13 | 1.74 | 1.75 | 1.72 | 1.37 | 1.50 | -0.64 | 0.48 | 0.46 | 0.61 | 0.34 | 0.43 |
| Shares Outstanding | 78.7 | 74.7 | 76.8 | 79.8 | 80.0 | 79.2 | 82.6 | 88.1 | 90.0 | 89.1 | 95.3 | 99.8 | 104.7 | 109.4 | 108.4 | 89.4 | 86.8 | 86.8 | 86.8 | 86.8 | 86.8 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||
| Cash & Cash Equivalents | 1,037.4 | 967.1 | 465.7 | 847.5 | 495.2 | 808.6 | 590.2 | 511.1 | 811.1 | 747.7 | 378.6 | 219.2 |
| Short-Term Investments | 91.5 | 42.3 | 76.1 | 36.8 | 19.7 | 9.8 | 25.9 | 9.7 | 11.4 | 8.4 | 0 | 0 |
| Net Receivables | 5,759.2 | 3,894.2 | 2,861.7 | 2,418.6 | 2,226.7 | 1,524.9 | 1,369.9 | 1,127.3 | 1,001.1 | 906.0 | 570.8 | 626.3 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 1,925.8 | 1,717.0 | 2,115.5 | 2,289.8 | 1,596.7 | 1,009.9 | 902.1 | 1,070.6 | 821.0 | 813.9 | 288.6 | 341.6 |
| Total Current Assets | 8,813.9 | 6,815.3 | 5,692.0 | 5,737.2 | 4,453.4 | 3,453.7 | 2,888.1 | 2,723.5 | 2,644.6 | 2,476.1 | 1,240.9 | 1,182.4 |
| Non-Current Assets | ||||||||||||
| Property, Plant & Equipment | 1,409.4 | 1,329.2 | 1,026.9 | 872.9 | 753.9 | 684.8 | 635.5 | 461.4 | 412.7 | 387.4 | 101.6 | 161.8 |
| Goodwill | 2,644.7 | 2,172.9 | 1,856.6 | 1,642.5 | 1,642.4 | 1,513.9 | 1,503.6 | 1,490.2 | 1,427.8 | 1,365.8 | 1,293.4 | 1,293.4 |
| Intangible Assets | 3,330.8 | 1,483.0 | 671.6 | 427.7 | 455.0 | 397.5 | 439.8 | 484.2 | 414.1 | 354.0 | 597.1 | 654.7 |
| Long-Term Investments | 91.5 | 293.9 | 192.4 | 138.1 | 124.5 | 85.8 | 11.8 | 13.0 | 11.8 | 8.9 | 25.8 | 21.3 |
| Other Non-Current Assets | 2,202.4 | 1,093.3 | 778.6 | 564.8 | 556.7 | 436.4 | 401.3 | 305.1 | 447.8 | 242.8 | 78.2 | 68.2 |
| Total Non-Current Assets | 9,678.9 | 6,502.2 | 4,693.5 | 3,745.0 | 3,538.2 | 3,142.5 | 2,992.2 | 2,754.0 | 2,714.1 | 2,358.9 | 2,096.0 | 2,199.4 |
| Total Assets | 18,492.8 | 13,317.4 | 10,385.5 | 9,482.2 | 7,991.6 | 6,596.2 | 5,880.2 | 5,477.5 | 5,358.8 | 4,834.9 | 3,336.9 | 3,381.8 |
| Current Liabilities | ||||||||||||
| Account Payables | 0 | 2,616.3 | 2,915.5 | 3,291.3 | 2,266.4 | 1,933.4 | 1,219.3 | 1,080.2 | 1,064.3 | 950.1 | 559.3 | 605.6 |
| Short-Term Debt | 0 | 1,047 | 280 | 0 | 90 | 0 | 45 | 0 | 0 | 0 | 0 | 90 |
| Deferred Revenue | 0 | 207.6 | 156.2 | 138.1 | 160.9 | 95.3 | 82.8 | 80.5 | 72.2 | 62.8 | 45.8 | 36.7 |
| Other Current Liabilities | 3,280.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 3,642.1 | 4,194.9 | 3,568.2 | 3,632.7 | 2,739.7 | 2,215.8 | 1,903.3 | 1,715.3 | 1,600.0 | 1,465.9 | 921.5 | 999.3 |
| Non-Current Liabilities | ||||||||||||
| Long-Term Debt | 7,258.7 | 4,447.7 | 3,454.1 | 2,717.4 | 2,724.0 | 2,345.4 | 2,353.8 | 2,371.8 | 2,385.0 | 2,175.4 | 1,369.2 | 1,377.6 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 2.1 | 18.3 | 16.0 | 25.6 | 147.6 | 185.2 |
| Other Non-Current Liabilities | 2,247.5 | 1,491.3 | 1,055.2 | 595.5 | 460.1 | 378.0 | 263.8 | 212.9 | 213.0 | 178.6 | 1.9 | (7.3) |
| Total Non-Current Liabilities | 9,506.2 | 6,191.9 | 4,738.3 | 3,682.0 | 3,581.4 | 3,065.6 | 2,953.1 | 2,788.1 | 2,793.7 | 2,548.1 | 1,564.6 | 1,592.1 |
| Total Liabilities | 13,148.3 | 10,386.8 | 8,306.5 | 7,314.7 | 6,321.1 | 5,281.3 | 4,856.4 | 4,503.4 | 4,393.7 | 4,013.9 | 2,486.1 | 2,591.5 |
| Stockholders' Equity | ||||||||||||
| Common Stock | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| Retained Earnings | 5,851.0 | 5,066.5 | 4,085.1 | 3,101.1 | 2,327.6 | 1,943.0 | 1,554.6 | 1,070.1 | 718.3 | 569.9 | 183.3 | 135.8 |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.3 | (11.3) | (15.5) |
| Total Stockholders' Equity | 5,344.5 | 2,930.6 | 2,079.0 | 2,167.6 | 1,670.5 | 1,314.9 | 1,023.9 | 974.1 | 965.0 | 821.0 | 850.9 | 790.3 |
| Total Liabilities & Equity | 18,492.8 | 13,317.4 | 10,385.5 | 9,482.2 | 7,991.6 | 6,596.2 | 5,880.2 | 5,477.5 | 5,358.8 | 4,834.9 | 3,336.9 | 3,381.8 |
| Debt Metrics | ||||||||||||
| Total Debt | 7,258.7 | 5,747.6 | 3,963.1 | 2,948.4 | 3,050.4 | 2,592.2 | 2,649.3 | 2,476.4 | 2,492.5 | 2,281.1 | 1,369.2 | 1,467.6 |
| Net Debt | 6,221.3 | 4,780.5 | 3,497.4 | 2,100.9 | 2,555.2 | 1,783.6 | 2,059.1 | 1,965.3 | 1,681.4 | 1,533.4 | 990.6 | 1,248.4 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2005 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Net Income | 863.0 | 1,058.6 | 1,066.2 | 845.7 | 459.9 | 472.6 | 559.9 | 439.5 | 238.9 | 191.9 | 69.3 |
| Depreciation & Amortization | 651.6 | 443.8 | 354.2 | 287.4 | 230.7 | 177.1 | 161.1 | 147.9 | 122.4 | 114.0 | 17.9 |
| Stock-Based Compensation | 79.4 | 91.8 | 68.7 | 52.6 | 44.2 | 34.0 | 32.9 | 29.2 | 28.5 | 24.9 | 8.8 |
| Change in Working Capital | (2,609.7) | (1,645.9) | (1,195.4) | 638.4 | (480.8) | 18.3 | (207.0) | (120.4) | (5.5) | (95.5) | (36.0) |
| Other Non-Cash Items | 539.7 | 405.6 | 287.4 | 214.8 | 180.7 | 111.7 | 95.6 | 87.2 | 69.0 | 51.1 | 6.8 |
| Operating Cash Flow | (423.0) | 277.6 | 512.6 | 1,945.6 | 453.1 | 789.9 | 623.9 | 581.6 | 443.8 | 274.8 | 118.0 |
| Investing Activities | |||||||||||
| Capital Expenditure | (570.4) | (562.5) | (403.3) | (306.6) | (216.0) | (155.5) | (156.4) | (160.6) | (272.2) | (127.6) | (19.4) |
| Acquisitions | (1,787.6) | (1,020.2) | (453.5) | (56.5) | (245.9) | (30.6) | (25.9) | (27.9) | (322.8) | 0 | (2.0) |
| Purchases of Investments | (45.8) | (4.8) | (8.9) | (18.3) | (1.7) | (6.5) | (3.7) | (6.1) | (6.0) | (4.0) | (3.8) |
| Sales/Maturities of Investments | 24.0 | 5 | 5.5 | 5 | 5 | 5.1 | 5 | 5 | 3 | 5 | 3.2 |
| Other Investing Activities | 4.8 | (9.6) | 0 | 0 | 0 | 0 | 0 | 0 | 0.0 | 0 | 11.3 |
| Investing Cash Flow | (2,375.0) | (1,592.1) | (860.2) | (376.4) | (458.6) | (187.5) | (181.0) | (161.8) | (437.7) | (125.3) | (10.8) |
| Financing Activities | |||||||||||
| Net Debt Issuance | 1,775.8 | 1,757.8 | 1,018.6 | (101.1) | 477.9 | (56.9) | 33.1 | (23.8) | 198.3 | (19.0) | (27.2) |
| Stock Repurchased | (133.5) | (170.1) | (1,100.1) | (325.0) | (90.0) | (150.0) | (500.4) | (417.9) | (113.7) | (25.0) | (1,336.5) |
| Dividends Paid | (94.4) | (89.7) | (92.2) | (79.8) | (80.1) | (79.1) | (82.6) | (88.4) | (90.3) | (89.1) | (55.1) |
| Other Financing Activities | 1,620.8 | (80.5) | (34.8) | 1.7 | (29.0) | 10.8 | 16.7 | 46.7 | 57.1 | 5.7 | 1,332.8 |
| Financing Cash Flow | 3,168.7 | 1,417.4 | (208.5) | (504.3) | 278.8 | (275.2) | (533.2) | (483.4) | 57.3 | (126.4) | (86.0) |
| Cash Position | |||||||||||
| Net Change in Cash | 370.7 | 102.9 | (556.1) | 1,064.9 | 273.3 | 327.3 | (90.3) | (63.5) | 63.4 | 23.2 | 21.2 |
| Cash at Beginning | 2,684.1 | 2,581.2 | 3,137.3 | 2,072.4 | 1,799.0 | 1,471.8 | 1,562.1 | 1,625.7 | 747.7 | 724.5 | 113.4 |
| Cash at End | 3,054.7 | 2,684.1 | 2,581.2 | 3,137.3 | 2,072.4 | 1,799.0 | 1,471.8 | 1,562.1 | 811.1 | 747.7 | 134.6 |
| Free Cash Flow | (993.4) | (284.9) | 109.3 | 1,639.0 | 237.1 | 634.4 | 467.5 | 421.0 | 171.5 | 147.2 | 98.6 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||||||||
| Revenue | 16,989.5 | 12,385.1 | 10,052.8 | 8,600.8 | 7,720.8 | 5,871.6 | 5,624.9 | 5,188.4 | 4,281.5 | 4,049.4 | 4,275.1 | 4,373.7 | 4,140.9 | 3,661.1 | 3,479.4 | 3,113.5 | 2,749.5 | 3,116.3 | 2,716.6 | 1,739.9 | 1,407.3 |
| Gross Profit | 4,347.3 | 3,369.4 | 3,051.4 | 2,369.2 | 1,713.7 | 1,494.1 | 1,616.1 | 1,441.0 | 1,097.9 | 957.7 | 917.7 | 904.1 | 847.0 | 749.5 | 708.8 | 407.3 | 574.5 | 610.1 | 523.9 | 371.4 | 265.6 |
| Operating Income | 2,284.9 | 1,667.1 | 1,631.6 | 1,237.9 | 730.1 | 731.8 | 875.0 | 717.7 | 494.0 | 394.0 | 353.7 | 384.8 | 380.9 | 327.5 | 372.9 | 53.5 | 232.2 | 225.7 | 231.3 | 180.3 | 118.1 |
| Net Income | 863.0 | 1,058.6 | 1,066.2 | 845.7 | 459.9 | 472.6 | 559.9 | 439.5 | 238.9 | 191.9 | 168.8 | 178.0 | 181.9 | 151.9 | 170.4 | (56.9) | 47.5 | 45.5 | 61.1 | 33.6 | 43.1 |
| EPS (Diluted) | 10.92 | 14.03 | 13.69 | 10.40 | 5.63 | 5.86 | 6.62 | 4.85 | 2.59 | 2.13 | 1.74 | 1.75 | 1.72 | 1.37 | 1.50 | -0.64 | 0.48 | 0.46 | 0.61 | 0.34 | 0.43 |
| Balance Sheet | |||||||||||||||||||||
| Cash & Equivalents | 1,037.4 | 967.1 | 465.7 | 847.5 | 495.2 | 808.6 | 590.2 | 511.1 | 811.1 | 747.7 | 378.6 | 219.2 | |||||||||
| Total Assets | 18,492.8 | 13,317.4 | 10,385.5 | 9,482.2 | 7,991.6 | 6,596.2 | 5,880.2 | 5,477.5 | 5,358.8 | 4,834.9 | 3,336.9 | 3,381.8 | |||||||||
| Total Debt | 7,258.7 | 5,747.6 | 3,963.1 | 2,948.4 | 3,050.4 | 2,592.2 | 2,649.3 | 2,476.4 | 2,492.5 | 2,281.1 | 1,369.2 | 1,467.6 | |||||||||
| Stockholders' Equity | 5,344.5 | 2,930.6 | 2,079.0 | 2,167.6 | 1,670.5 | 1,314.9 | 1,023.9 | 974.1 | 965.0 | 821.0 | 850.9 | 790.3 | |||||||||
| Cash Flow | |||||||||||||||||||||
| Operating Cash Flow | (423.0) | 277.6 | 512.6 | 1,945.6 | 453.1 | 789.9 | 623.9 | 581.6 | 443.8 | 274.8 | 118.0 | ||||||||||
| Capital Expenditure | (570.4) | (562.5) | (403.3) | (306.6) | (216.0) | (155.5) | (156.4) | (160.6) | (272.2) | (127.6) | (19.4) | ||||||||||
| Free Cash Flow | (993.4) | (284.9) | 109.3 | 1,639.0 | 237.1 | 634.4 | 467.5 | 421.0 | 171.5 | 147.2 | 98.6 | ||||||||||