LPLA Stock Analysis: LPL Financial Holdings | NASDAQ
Capital Markets | NASDAQ, USA | Market Cap: 25.827m USD | 12M Return: 4.3% | US50212V1008 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 264M
EPS Trend: 92.3%
Qual. Beats: 1
Rev. Trend: 99.1%
Qual. Beats: 1
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
LPL Financial Holdings Inc. (LPLA) is a U.S.-based provider of brokerage and investment advisory services, primarily serving independent financial advisors and advisors at institutions. Its product offerings span variable and fixed annuities, mutual funds, equities, fixed income, alternative investments, retirement and 529 education savings plans, and insurance, supported by FDIC-insured bank sweep vehicles and money market account programs.
The company also operates fee-based platforms providing access to mutual funds, ETFs, stocks, bonds, options strategies, unit investment trusts, and institutional money managers, alongside retirement plan consulting and brokerage services for plan sponsors. Additional offerings include advisor practice management tools, trust and custodial services, a trading and portfolio rebalancing platform, insurance brokerage general agency services, and technology products for proposal generation, investment analytics, and portfolio modeling.
LPL operates within the Investment Banking & Brokerage sub-industry of the Financials sector and is a leading player in the independent advisor channel, a business model in which advisors affiliate with a broker-dealer rather than working as direct employees of a wirehouse or bank. The company was founded in 1989, is headquartered in San Diego, California, and was renamed from LPL Investment Holdings Inc. to LPL Financial Holdings Inc. in June 2012.
- Independent advisor net new asset growth accelerates
- Interest rate cuts compress sweep cash revenues
- Recruiting market share gains from wirehouse advisors
| Net Income: 1.01b TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.05 > 0.02 and ΔFCF/TA -5.30 > 1.0 |
| NWC/Revenue: 25.67% < 20% (prev 50.21%; Δ -24.53% < -1%) |
| CFO/TA -0.02 > 3% & CFO -375.3m > Net Income 1.01b |
| Net Debt (4.99b) to EBITDA (2.66b): 1.87 < 3 |
| Current Ratio: 2.46 > 1.5 & < 3 |
| Outstanding Shares: last quarter (80.2m) vs 12m ago 3.19% < -2% |
| Gross Margin: 25.19% > 18% (prev 26.37%; Δ -1.18% > 0.5%) |
| Asset Turnover: 105.2% > 50% (prev 80.84%; Δ 24.40% > 0%) |
| Interest Coverage Ratio: 4.73 > 6 (EBIT TTM 1.96b / Interest Expense TTM 413.7m) |
| A: 0.25 (Total Current Assets 8.48b - Total Current Liabilities 3.45b) / Total Assets 19.8b |
| B: 0.33 (Retained Earnings 6.52b / Total Assets 19.8b) |
| C: 0.11 (EBIT TTM 1.96b / Avg Total Assets 18.6b) |
| D: 0.41 (Book Value of Equity 5.76b / Total Liabilities 14.0b) |
| Altman-Z'' = 3.88 = AA |
| DSRI: 0.92 (Receivables 5.56b/4.33b, Revenue 19.6b/14.1b) |
| GMI: 1.05 (GM 26.37% / 25.19%) |
| AQI: 1.57 (AQ_t 0.49 / AQ_t-1 0.31) |
| SGI: 1.39 (Revenue 19.6b / 14.1b) |
| TATA: 0.07 (NI 1.01b - CFO -375.3m) / TA 19.8b) |
| Beneish M = -2.42 (Cap -4..+1) = BBB |
As of October 13, 2026, the stock is trading at USD 330.12 with a total of 335,426 shares traded. Over the past week, the price has changed by -0.56%, over one month by -4.50%, over three months by +2.90% and over the past year by +4.28%.
Current recommended Stop Loss: 305.60 (which is 7.4% or 2.3 ATR below the current price).
LPL Financial Holdings has received a consensus analysts rating of 4.24. Therefore, it is recommended to buy LPLA.
- StrongBuy: 8
- Buy: 5
- Hold: 4
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 423.4 | 28.3% |
P/E Trailing = 26.0939
P/E Forward = 10.8814
P/S = 1.3455
P/B = 4.1388
P/EG = 0.3912
Revenue TTM = 19.6b USD
EBIT TTM = 1.96b USD
EBITDA TTM = 2.66b USD
Long Term Debt = 7.18b USD (from longTermDebt, last quarter)
Short Term Debt = 276.0m USD (from shortLongTermDebt, last quarter)
Debt = 7.69b USD (from shortLongTermDebtTotal, last quarter) + Leases 224.9m
Net Debt = 4.99b USD (calculated: Debt 7.69b - CCE 2.70b)
Enterprise Value = 30.8b USD (25.8b + Debt 7.69b - CCE 2.70b)
Interest Coverage Ratio = 4.73 (Ebit TTM 1.96b / Interest Expense TTM 413.7m)
EV/FCF = -29.23x (Enterprise Value 30.8b / FCF TTM -1.05b)
FCF Yield = -3.42% (FCF TTM -1.05b / Enterprise Value 30.8b)
FCF Margin = -5.38% (FCF TTM -1.05b / Revenue TTM 19.6b)
Net Margin = 5.13% (Net Income TTM 1.01b / Revenue TTM 19.6b)
Gross Margin = 25.19% ((Revenue TTM 19.6b - Cost of Revenue TTM 14.7b) / Revenue TTM)
Gross Margin QoQ = 31.38% (prev 25.23%)
Tobins Q-Ratio = 1.56 (Enterprise Value 30.8b / Total Assets 19.8b)
Interest Expense / Debt = 5.38% (Interest Expense 413.7m / Debt 7.69b)
Taxrate = 26.16% (356.7m / 1.36b)
NOPAT = 1.45b (EBIT 1.96b * (1 - 26.16%))
Current Ratio = 2.46 (Total Current Assets 8.48b / Total Current Liabilities 3.45b)
Debt / Equity = 1.33 (Debt 7.69b / totalStockholderEquity, last quarter 5.76b)
Debt / EBITDA = 1.87 (Net Debt 4.99b / EBITDA 2.66b)
Debt / FCF = -4.73 (negative FCF - burning cash) (Net Debt 4.99b / FCF TTM -1.05b)
Total Stockholder Equity = 5.46b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.40% (Net Income 1.01b / Total Assets 19.8b)
RoE = 18.45% (Net Income TTM 1.01b / Total Stockholder Equity 5.46b)
RoCE = 15.49% (EBIT 1.96b / Capital Employed (Equity 5.46b + L.T.Debt 7.18b))
RoIC = 9.41% (NOPAT 1.45b / Invested Capital 15.4b)
WACC = 8.60% (E(25.8b)/V(33.5b) * Re(9.97%) + D(7.69b)/V(33.5b) * Rd(5.38%) * (1-Tc(0.26)))
Discount Rate = 9.97% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 88.69 | Cagr: 2.77%
[DCF] Fair Price = unknown (Cash Flow -1.05b)
EPS Correlation: 92.27 | EPS CAGR: 13.47% | SUE: 2.34 | # QB: 1
Revenue Correlation: 99.11 | Revenue CAGR: 30.26% | SUE: 1.42 | # QB: 1
EPS current Quarter (2026-09-30): EPS=5.78 | Chg30d=-2.76% | Revisions=+0% | Analysts=16
EPS current Year (2026-12-31): EPS=23.85 | Chg30d=-0.73% | Revisions=+0% | GrowthEPS=+18.7% | GrowthRev=+23.7%
EPS next Year (2027-12-31): EPS=30.01 | Chg30d=+0.61% | Revisions=+0% | GrowthEPS=+25.8% | GrowthRev=+14.2%
[Analyst] Revisions Ratio: +0% (up=6, down=6)