(LPLA) LPL Financial Holdings - Overview
Exchange: NASDAQ •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: US50212V1008
Stock: Brokerage, Investment Advice, Retirement Plans, Financial Tools
Total Rating 31
Risk 75
Buy Signal -0.25
| Risk 5d forecast | |
|---|---|
| Volatility | 44.5% |
| Relative Tail Risk | -9.51% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.06 |
| Alpha | -31.55 |
| Character TTM | |
|---|---|
| Beta | 1.310 |
| Beta Downside | 1.490 |
| Drawdowns 3y | |
|---|---|
| Max DD | 33.18% |
| CAGR/Max DD | 0.49 |
EPS (Earnings per Share)
Revenue
Description: LPLA LPL Financial Holdings March 04, 2026
LPL Financial Holdings Inc. (LPLA) provides brokerage and investment advisory services to independent financial advisors and financial advisors at institutions across the United States. Its offerings include a range of investment products such as annuities, mutual funds, equities, and alternative investments. The company also facilitates client cash programs, including FDIC-insured bank sweep vehicles.
LPLAs business model is centered on supporting financial advisors, a common practice in the independent wealth management sector. It provides fee-based platforms for various investment vehicles like ETFs, stocks, and bonds, alongside retirement solutions for both commission and fee-based services. Additionally, LPLA offers tools, technology, and other services to help advisors manage and expand their practices.
The company operates within the Investment Banking & Brokerage sub-industry, a sector characterized by a focus on financial intermediation and advisory services. Understanding the specifics of LPLAs service integration and market position can be further explored through detailed financial analysis on platforms like ValueRay.
Headlines to watch out for
- Advisor recruitment and retention impact asset growth
- Interest rate changes affect client cash sweep income
- Brokerage commissions and advisory fees drive revenue
- Regulatory compliance costs influence profitability
- Market volatility impacts client asset valuations
Piotroski VR‑10 (Strict, 0-10) 4.0
| Net Income: 863.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.06 > 0.02 and ΔFCF/TA -3.84 > 1.0 |
| NWC/Revenue: 30.44% < 20% (prev 21.16%; Δ 9.28% < -1%) |
| CFO/TA -0.03 > 3% & CFO -534.5m > 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 -2.39
| 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: 0.08 (NI 863.0m - CFO -534.5m) / TA 18.49b) |
| Beneish M-Score: -2.39 (Cap -4..+1) = BBB |
What is the price of LPLA shares?
As of March 10, 2026, the stock is trading at USD 312.80 with a total of 712,199 shares traded.
Over the past week, the price has changed by +2.22%, over one month by -20.46%, over three months by -16.52% and over the past year by +0.90%.
Over the past week, the price has changed by +2.22%, over one month by -20.46%, over three months by -16.52% and over the past year by +0.90%.
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 | 453.5 | 45% |
| Analysts Target Price | 453.5 | 45% |
LPLA Fundamental Data Overview March 05, 2026
P/E Trailing = 28.0678
P/E Forward = 11.3766
P/S = 1.4781
P/B = 4.5848
P/EG = 0.4078
Revenue TTM = 16.99b USD
EBIT TTM = 1.55b USD
EBITDA TTM = 2.18b USD
Long Term Debt = 7.18b USD (from longTermDebt, last quarter)
Short Term Debt = 79.0m USD (from shortLongTermDebt, last quarter)
Debt = 7.26b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 6.22b USD (from netDebt column, last quarter)
Enterprise Value = 30.65b USD (24.52b + Debt 7.26b - CCE 1.13b)
Interest Coverage Ratio = 3.85 (Ebit TTM 1.55b / Interest Expense TTM 403.4m)
EV/FCF = -27.74x (Enterprise Value 30.65b / FCF TTM -1.10b)
FCF Yield = -3.61% (FCF TTM -1.10b / Enterprise Value 30.65b)
FCF Margin = -6.50% (FCF TTM -1.10b / 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 = 1.66 (Enterprise Value 30.65b / 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 = -5.63 (negative FCF - burning cash) (Net Debt 6.22b / FCF TTM -1.10b)
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 = 10.16% (NOPAT 1.17b / Invested Capital 11.56b)
WACC = 8.54% (E(24.52b)/V(31.77b) * Re(10.74%) + D(7.26b)/V(31.77b) * Rd(1.45%) * (1-Tc(0.24)))
Discount Rate = 10.74% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 2.70%
[DCF] Fair Price = unknown (Cash Flow -1.10b)
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 (2026-06-30): EPS=5.76 | Chg7d=+0.000 | Chg30d=+0.003 | Revisions Net=+1 | Analysts=12
EPS current Year (2026-12-31): EPS=23.95 | Chg7d=+0.008 | Chg30d=-0.043 | Revisions Net=+9 | Growth EPS=+19.2% | Growth Revenue=+24.2%
EPS next Year (2027-12-31): EPS=29.15 | Chg7d=-0.007 | Chg30d=+0.227 | Revisions Net=+2 | Growth EPS=+21.7% | Growth Revenue=+13.5%
[Analyst] Revisions Ratio: +0.09 (6 Up / 5 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 7.2% (Discount Rate 10.7% - Earnings Yield 3.6%)
[Growth] Growth Spread = +27.7% (Analyst 34.9% - Implied 7.2%)
P/E Forward = 11.3766
P/S = 1.4781
P/B = 4.5848
P/EG = 0.4078
Revenue TTM = 16.99b USD
EBIT TTM = 1.55b USD
EBITDA TTM = 2.18b USD
Long Term Debt = 7.18b USD (from longTermDebt, last quarter)
Short Term Debt = 79.0m USD (from shortLongTermDebt, last quarter)
Debt = 7.26b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 6.22b USD (from netDebt column, last quarter)
Enterprise Value = 30.65b USD (24.52b + Debt 7.26b - CCE 1.13b)
Interest Coverage Ratio = 3.85 (Ebit TTM 1.55b / Interest Expense TTM 403.4m)
EV/FCF = -27.74x (Enterprise Value 30.65b / FCF TTM -1.10b)
FCF Yield = -3.61% (FCF TTM -1.10b / Enterprise Value 30.65b)
FCF Margin = -6.50% (FCF TTM -1.10b / 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 = 1.66 (Enterprise Value 30.65b / 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 = -5.63 (negative FCF - burning cash) (Net Debt 6.22b / FCF TTM -1.10b)
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 = 10.16% (NOPAT 1.17b / Invested Capital 11.56b)
WACC = 8.54% (E(24.52b)/V(31.77b) * Re(10.74%) + D(7.26b)/V(31.77b) * Rd(1.45%) * (1-Tc(0.24)))
Discount Rate = 10.74% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 2.70%
[DCF] Fair Price = unknown (Cash Flow -1.10b)
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 (2026-06-30): EPS=5.76 | Chg7d=+0.000 | Chg30d=+0.003 | Revisions Net=+1 | Analysts=12
EPS current Year (2026-12-31): EPS=23.95 | Chg7d=+0.008 | Chg30d=-0.043 | Revisions Net=+9 | Growth EPS=+19.2% | Growth Revenue=+24.2%
EPS next Year (2027-12-31): EPS=29.15 | Chg7d=-0.007 | Chg30d=+0.227 | Revisions Net=+2 | Growth EPS=+21.7% | Growth Revenue=+13.5%
[Analyst] Revisions Ratio: +0.09 (6 Up / 5 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 7.2% (Discount Rate 10.7% - Earnings Yield 3.6%)
[Growth] Growth Spread = +27.7% (Analyst 34.9% - Implied 7.2%)