LPLA Stock Analysis: LPL Financial Holdings | NASDAQ
Capital Markets | NASDAQ, USA | Market Cap: 23.609m USD | 12M Return: -19.7% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 303M
EPS Trend: 88.1%
Qual. Beats: 0
Rev. Trend: 98.7%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 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 financial services firm that provides an integrated brokerage and investment advisory platform primarily serving independent financial advisors and those operating within institutions. Classified within the GICS Financials sector and the Investment Banking & Brokerage sub-industry, the company operates in the independent advisor channel, which has grown as advisors increasingly separate from traditional wirehouse firms to operate under their own brands while relying on a third-party broker-dealer for compliance, clearing, and technology infrastructure.
The companys product suite spans brokerage offerings, including variable and fixed annuities, mutual funds, equities, fixed income, alternative investments, retirement and 529 education savings plans, and insurance. It also operates client cash programs such as FDIC-insured bank sweep vehicles and money market accounts, alongside fee-based platforms providing access to exchange-traded funds, stocks, bonds, options strategies, unit investment trusts, and institutional money managers.
Beyond trade execution, LPL delivers retirement solutions for plan sponsors, trust and custodial services for estates and families, an advisor-facing trading and portfolio rebalancing platform, insurance brokerage general agency services, and practice management technology such as proposal generation, investment analytics, and portfolio modeling. The company was founded in 1989, is headquartered in San Diego, California, and adopted its current name in June 2012 after previously operating as LPL Investment Holdings Inc.
- Fed rate cuts pressure client cash sweep revenue
- Independent advisor net adds drive organic revenue growth
- Equity market drawdowns reduce fee-based advisory AUM
| Net Income: 900.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA -2.35 > 1.0 |
| NWC/Revenue: 29.20% < 20% (prev 30.19%; Δ -0.99% < -1%) |
| CFO/TA -0.03 > 3% & CFO -573.9m > Net Income 900.9m |
| Net Debt (5.22b) to EBITDA (2.30b): 2.27 < 3 |
| Current Ratio: 2.46 > 1.5 & < 3 |
| Outstanding Shares: last quarter (80.4m) vs 12m ago 7.10% < -2% |
| Gross Margin: 23.56% > 18% (prev 26.78%; Δ -3.22% > 0.5%) |
| Asset Turnover: 111.3% > 50% (prev 94.70%; Δ 16.64% > 0%) |
| Interest Coverage Ratio: 3.91 > 6 (EBIT TTM 1.63b / Interest Expense TTM 417.8m) |
| A: 0.28 (Total Current Assets 8.97b - Total Current Liabilities 3.64b) / Total Assets 18.8b |
| B: 0.33 (Retained Earnings 6.17b / Total Assets 18.8b) |
| C: 0.10 (EBIT TTM 1.63b / Avg Total Assets 16.4b) |
| D: 0.43 (Book Value of Equity 5.69b / Total Liabilities 13.1b) |
| Altman-Z'' = 4.05 = AA |
| DSRI: 1.06 (Receivables 6.07b/4.13b, Revenue 18.3b/13.2b) |
| GMI: 1.14 (GM 26.78% / 23.56%) |
| AQI: 1.19 (AQ_t 0.45 / AQ_t-1 0.38) |
| SGI: 1.38 (Revenue 18.3b / 13.2b) |
| TATA: 0.08 (NI 900.9m - CFO -573.9m) / TA 18.8b) |
| Beneish M = -2.46 (Cap -4..+1) = BBB |
As of July 07, 2026, the stock is trading at USD 304.75 with a total of 517,946 shares traded. Over the past week, the price has changed by +13.40%, over one month by +7.41%, over three months by +3.60% and over the past year by -19.67%.
Current recommended Stop Loss: 289.70 (which is 4.9% or 1.3 ATR below the current price).
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
| Analysts Target Price | 411.4 | 35% |
P/E Trailing = 26.5928
P/E Forward = 11.8624
P/S = 1.3234
P/B = 4.1534
P/EG = 0.4461
Revenue TTM = 18.3b USD
EBIT TTM = 1.63b USD
EBITDA TTM = 2.30b USD
Long Term Debt = 7.18b USD (from longTermDebt, last quarter)
Short Term Debt = 370.1m USD (from shortTermDebt, last quarter)
Debt = 8.12b USD (from shortLongTermDebtTotal, last quarter) + Leases 231.1m
Net Debt = 5.22b USD (calculated: Debt 8.12b - CCE 2.91b)
Enterprise Value = 28.8b USD (23.6b + Debt 8.12b - CCE 2.91b)
Interest Coverage Ratio = 3.91 (Ebit TTM 1.63b / Interest Expense TTM 417.8m)
EV/FCF = 27.77x (Enterprise Value 28.8b / FCF TTM 1.04b)
FCF Yield = 3.60% (FCF TTM 1.04b / Enterprise Value 28.8b)
FCF Margin = 5.69% (FCF TTM 1.04b / Revenue TTM 18.3b)
Net Margin = 4.93% (Net Income TTM 900.9m / Revenue TTM 18.3b)
Gross Margin = 23.56% ((Revenue TTM 18.3b - Cost of Revenue TTM 14.0b) / Revenue TTM)
Gross Margin QoQ = 25.23% (prev 23.69%)
Tobins Q-Ratio = 1.53 (Enterprise Value 28.8b / Total Assets 18.8b)
Interest Expense / Debt = 5.14% (Interest Expense 417.8m / Debt 8.12b)
Taxrate = 25.97% (316.0m / 1.22b)
NOPAT = 1.21b (EBIT 1.63b * (1 - 25.97%))
Current Ratio = 1.32 (Total Current Assets 8.97b / Total Current Liabilities 6.81b)
Debt / Equity = 1.43 (Debt 8.12b / totalStockholderEquity, last quarter 5.69b)
Debt / EBITDA = 2.27 (Net Debt 5.22b / EBITDA 2.30b)
Debt / FCF = 5.03 (Net Debt 5.22b / FCF TTM 1.04b)
Total Stockholder Equity = 5.29b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.49% (Net Income 900.9m / Total Assets 18.8b)
RoE = 17.04% (Net Income TTM 900.9m / Total Stockholder Equity 5.29b)
RoCE = 13.11% (EBIT 1.63b / Capital Employed (Equity 5.29b + L.T.Debt 7.18b))
RoIC = 6.75% (NOPAT 1.21b / Invested Capital 17.9b)
WACC = 9.00% (E(23.6b)/V(31.7b) * Re(10.79%) + D(8.12b)/V(31.7b) * Rd(5.14%) * (1-Tc(0.26)))
Discount Rate = 10.79% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 37.78 | Cagr: 2.42%
[DCF] Terminal Value 72.35% ; FCFF base≈1.06b ; Y1≈1.02b ; Y5≈981.5m
[DCF] Fair Price = 108.5 (EV 13.9b - Net Debt 5.22b = Equity 8.68b / Shares 80.0m; r=9.00% [WACC]; 5y FCF grow -5.47% → 2.50% )
EPS Correlation: 88.11 | EPS CAGR: 10.84% | SUE: 0.77 | # QB: 0
Revenue Correlation: 98.69 | Revenue CAGR: 27.79% | SUE: -0.59 | # QB: 0
EPS current Quarter (2026-06-30): EPS=5.42 | Chg30d=-0.04% | Revisions=-21% | Analysts=13
EPS next Quarter (2026-09-30): EPS=5.90 | Chg30d=+0.42% | Revisions=-25% | Analysts=12
EPS current Year (2026-12-31): EPS=23.25 | Chg30d=+0.22% | Revisions=+24% | GrowthEPS=+15.7% | GrowthRev=+21.1%
EPS next Year (2027-12-31): EPS=28.62 | Chg30d=+0.60% | Revisions=+56% | GrowthEPS=+23.1% | GrowthRev=+13.2%
[Analyst] Revisions Ratio: +21% (up=24, down=15)