Lpl Financial Holdings Inc. - Understand $lpla stock

$LPLA Market Cap: $24.76 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$11.52B

TTM

Gross Margin

98.97%

TTM

Net Earnings

$1.005B

TTM

Current Assets

$6.249B

Q3 2024

Current Liabilities

$2.989B

Q3 2024

Current Ratio

209.07%

Q3 2024

Total Assets

$11.94B

Q3 2024

Total Liabilities

$9.170B

Q3 2024

Book Value

$2.772B

Q3 2024

Cash

$2.858B

Q3 2024

P/E

24.63

Nov 29, 2024 EST

Free Cash Flow

$95.98M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Revenue	$10.05B	$8.601B	$7.721B	$5.872B	$5.625B	$5.188B	$4.281B	$4.049B	$4.275B	$4.374B	$4.141B	$3.661B	$3.479B	$3.113B	$2.750B	$3.116B	$2.717B	$1.740B	$1.407B	$1.157B
YoY Change	16.88%	11.4%	31.49%	4.39%	8.41%	21.18%	5.73%	-5.28%	-2.25%	5.62%	13.1%	5.22%	11.75%	13.24%	-11.77%	14.71%	56.14%	23.63%	21.59%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Revenue	$10.05B	$8.601B	$7.721B	$5.872B	$5.625B	$5.188B	$4.281B	$4.049B	$4.275B	$4.374B	$4.141B	$3.661B	$3.479B	$3.113B	$2.750B	$3.116B	$2.717B	$1.740B	$1.407B	$1.157B
Cost Of Revenue	$106.0M	$86.06M	$86.02M	$71.20M	$64.40M	$63.20M	$57.00M	$54.50M	$52.50M	$49.00M	$45.10M	$38.90M	$64.20M	$60.80M	$55.30M	$52.70M	$44.70M	$32.70M	$32.10M	$27.20M
Gross Profit	$9.947B	$8.515B	$7.635B	$5.801B	$5.560B	$5.125B	$4.224B	$3.995B	$4.223B	$4.325B	$4.096B	$3.622B	$3.415B	$3.053B	$2.694B	$3.064B	$2.672B	$1.707B	$1.375B	$1.130B
Gross Profit Margin	98.95%	99.0%	98.89%	98.79%	98.85%	98.78%	98.67%	98.65%	98.77%	98.88%	98.91%	98.94%	98.16%	98.05%	97.99%	98.31%	98.35%	98.13%	97.72%	97.65%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Selling, General & Admin	$7.732B	$6.811B	$6.466B	$4.791B	$4.410B	$4.140B	$3.512B	$3.390B	$3.640B	$3.734B	$3.518B	$3.120B	$2.949B	$2.865B	$2.329B	$2.720B	$2.348B	$1.450B	$1.221B	$1.010B
YoY Change	13.53%	5.33%	34.98%	8.63%	6.51%	17.9%	3.59%	-6.85%	-2.52%	6.14%	12.75%	5.78%	2.94%	23.0%	-14.37%	15.85%	61.96%	18.73%	20.93%
% of Gross Profit	77.73%	79.99%	84.69%	82.59%	79.31%	80.79%	83.13%	84.87%	86.2%	86.33%	85.88%	86.12%	86.35%	93.84%	86.45%	88.78%	87.87%	84.91%	88.78%	89.33%
Research & Development	$75.72M	$67.69M	$60.30M	$52.40M	$49.86M	$46.32M	$44.94M	$44.45M	$46.87M	$43.82M	$43.08M	$39.52M	$36.70M	$34.37M	$36.19M
YoY Change	11.86%	12.26%	15.07%	5.09%	7.64%	3.07%	1.1%	-5.16%	6.96%	1.74%	8.99%	7.7%	6.76%	-5.03%
% of Gross Profit	0.76%	0.79%	0.79%	0.9%	0.9%	0.9%	1.06%	1.11%	1.11%	1.01%	1.05%	1.09%	1.07%	1.13%	1.34%
Depreciation & Amortization	$354.2M	$199.8M	$151.4M	$109.7M	$95.80M	$87.70M	$84.10M	$75.90M	$73.40M	$58.00M	$44.50M	$32.30M	$33.80M	$49.00M	$69.30M	$100.5M	$78.70M	$65.30M	$17.90M	$15.80M
YoY Change	77.28%	31.97%	38.01%	14.51%	9.24%	4.28%	10.8%	3.41%	26.55%	30.34%	37.77%	-4.44%	-31.02%	-29.29%	-31.04%	27.7%	20.52%	264.8%	13.29%
% of Gross Profit	3.56%	2.35%	1.98%	1.89%	1.72%	1.71%	1.99%	1.9%	1.74%	1.34%	1.09%	0.89%	0.99%	1.61%	2.57%	3.28%	2.95%	3.82%	1.3%	1.4%
Operating Expenses	$8.294B	$67.69M	$60.30M	$5.140B	$4.750B	$4.471B	$3.787B	$3.655B	$3.933B	$4.023B	$3.790B	$3.339B	$3.128B	$3.074B	$2.576B	$2.838B	$2.441B	$1.527B	$1.257B	$1.061B
YoY Change	12153.3%	12.26%	-98.83%	8.21%	6.24%	18.04%	3.61%	-7.07%	-2.24%	6.16%	13.51%	6.75%	1.76%	19.33%	-9.23%	16.29%	59.82%	21.47%	18.5%
Operating Profit	$1.653B	$8.447B	$7.575B	$660.7M	$810.5M	$654.5M	$436.9M	$339.5M	$289.1M	$301.1M	$305.7M	$283.1M	$287.3M	-$21.25M	$118.2M	$225.6M	$231.3M	$180.3M	$118.1M	$69.40M
YoY Change	-80.43%	11.52%	1046.44%	-18.49%	23.85%	49.79%	28.69%	17.42%	-3.98%	-1.48%	7.98%	-1.47%	-1451.94%	-117.98%	-47.61%	-2.46%	28.29%	52.67%	70.17%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Interest Expense	-$186.8M	-$126.2M	-$104.4M	-$105.8M	-$130.0M	-$125.0M	-$107.0M	-$96.50M	-$59.10M	-$51.50M	-$51.40M	-$54.80M	-$68.80M	-$90.40M	-$100.9M	-$117.9M	-$123.5M	-$125.4M	-$2.400M	-$1.400M
YoY Change	47.98%	20.9%	-1.31%	-18.62%	4.0%	16.82%	10.88%	63.28%	14.76%	0.19%	-6.2%	-20.35%	-23.89%	-10.41%	-14.42%	-4.53%	-1.52%	5125.0%	71.43%
% of Operating Profit	-11.3%	-1.49%	-1.38%	-16.01%	-16.04%	-19.1%	-24.49%	-28.42%	-20.44%	-17.1%	-16.82%	-19.36%	-23.95%		-85.38%	-52.26%	-53.39%	-69.55%	-2.03%	-2.02%
Other Income/Expense, Net	$209.4M	$143.9M	$131.5M	$101.0M	$114.5M	$119.3M	$96.21M	$96.59M	$117.7M	$109.3M	$113.9M	$103.3M	$20.47M	$48.41M	$24.60M
YoY Change	45.51%	9.42%	30.21%	-11.81%	-3.97%	23.98%	-0.39%	-17.93%	7.65%	-4.03%	10.31%	404.49%	-57.72%	96.78%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Pretax Income	$1.445B	$1.112B	$601.3M	$626.1M	$741.8M	$592.6M	$364.6M	$297.5M	$282.6M	$294.7M	$291.3M	$250.6M	$282.7M	-$88.85M	$72.57M	$92.80M	$107.8M	$54.90M	$115.8M	$67.90M
YoY Change	29.97%	84.87%	-3.95%	-15.6%	25.18%	62.56%	22.54%	5.29%	-4.12%	1.17%	16.25%	-11.35%	-418.16%	-222.44%	-21.8%	-13.91%	96.36%	-52.59%	70.54%
Income Tax	$378.5M	$266.0M	$141.5M	$153.4M	$182.0M	$153.2M	$125.7M	$105.6M	$113.8M	$116.7M	$109.4M	$98.67M	$112.3M	-$31.99M	$25.05M	$47.30M	$46.80M	$21.20M	$46.50M	$32.60M
% Of Pretax Income	26.2%	23.92%	23.53%	24.51%	24.53%	25.85%	34.48%	35.49%	40.27%	39.58%	37.57%	39.38%	39.73%		34.52%	50.97%	43.41%	38.62%	40.16%	48.01%
Net Earnings	$1.066B	$845.7M	$459.9M	$472.6M	$559.9M	$439.5M	$238.9M	$191.9M	$168.8M	$178.0M	$181.9M	$151.9M	$170.4M	-$56.86M	$47.52M	$45.50M	$61.10M	$33.60M	$43.10M	$35.40M
YoY Change	26.08%	83.9%	-2.7%	-15.58%	27.4%	83.98%	24.45%	13.71%	-5.2%	-2.1%	19.71%	-10.84%	-399.64%	-219.66%	4.44%	-25.53%	81.85%	-22.04%	21.75%
Net Earnings / Revenue	10.61%	9.83%	5.96%	8.05%	9.95%	8.47%	5.58%	4.74%	3.95%	4.07%	4.39%	4.15%	4.9%	-1.83%	1.73%	1.46%	2.25%	1.93%	3.06%	3.06%
Basic Earnings Per Share	$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	$0.54
Diluted Earnings Per Share	$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	$0.47	$453.6K	$708.8K	$405.8K	$520.5K	$427.5K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005
Cash & Short-Term Investments	$2.473B	$3.047B	$1.992B	$1.732B	$1.413B	$1.496B	$1.575B	$1.516B	$1.396B	$981.3M	$1.029B	$1.044B	$1.104B	$792.8M	$667.2M	$560.8M	$383.8M	$297.3M	$155.5M
YoY Change	-18.84%	52.98%	15.01%	22.57%	-5.57%	-5.0%	3.9%	8.6%	42.25%	-4.63%	-1.42%	-5.44%	39.22%	18.82%	18.97%	46.12%	29.1%	91.19%
Cash & Equivalents	$2.473B	$3.047B	$1.992B	$1.732B	$1.413B	$1.496B	$1.575B	$1.516B	$1.396B	$981.3M	$1.029B	$1.044B	$1.104B	$792.8M	$667.2M	$560.8M	$383.8M	$297.3M	$155.5M
Short-Term Investments
Other Short-Term Assets	$173.0M	$144.6M	$115.0M	$100.4M													$25.20M	$15.40M	$11.50M
YoY Change	19.66%	25.73%	14.56%														63.64%	33.91%
Inventory
Prepaid Expenses
Receivables	$2.118B	$1.741B	$1.645B	$1.186B	$1.053B	$878.6M	$759.6M	$710.8M	$649.3M	$663.2M	$547.7M	$770.8M	$641.0M	$650.6M	$574.9M	$625.0M	$673.7M	$470.8M	$380.5M
Other Receivables	$743.3M	$677.8M	$581.5M	$306.6M	$298.8M	$248.7M	$229.0M	$189.7M	$180.2M	$171.2M	$272.1M	-$1.500M	-$8.800M	$137.2M	-$6.200M	-$4.000M	-$5.300M	-$2.600M	$51.50M
Total Short-Term Assets	$5.335B	$5.610B	$4.333B	$3.224B	$2.765B	$2.624B	$2.564B	$2.416B	$2.225B	$1.816B	$1.849B	$1.813B	$1.736B	$1.581B	$1.236B	$1.182B	$1.077B	$780.9M	$599.0M
YoY Change	-4.91%	29.46%	34.41%	16.6%	5.39%	2.34%	6.09%	8.58%	22.56%	-1.79%	1.97%	4.44%	9.83%	27.89%	4.58%	9.69%	37.97%	30.37%
Property, Plant & Equipment	$933.1M	$872.9M	$753.9M	$684.8M	$635.5M	$461.4M	$412.7M	$387.4M	$275.4M	$214.2M	$189.1M	$130.8M	$91.30M	$78.70M	$101.6M	$161.8M	$156.8M	$121.6M	$134.8M
YoY Change	6.9%	15.78%	10.09%	7.76%	37.73%	11.8%	6.53%	40.67%	28.57%	13.27%	44.57%	43.26%	16.01%	-22.54%	-37.21%	3.19%	28.95%	-9.79%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$91.31M	$52.61M	$49.19M	$72.60M	$75.90M	$47.10M	$204.7M	$25.80M	$27.80M	$27.10M	$22.90M	$27.70M	$25.30M	$27.20M	$30.80M	$21.90M	$34.80M	$37.20M	$18.80M
YoY Change	73.56%	6.95%	-32.24%	-4.35%	61.15%	-76.99%	693.41%	-7.19%	2.58%	18.34%	-17.33%	9.49%	-6.99%	-11.69%	40.64%	-37.07%	-6.45%	97.87%
Other Assets	$108.2M	$189.4M	$86.30M	$91.40M	$58.90M	$65.80M	$50.70M	$42.70M	$27.80M	$1.100M	$16.30M	$21.30M	$18.60M	$23.70M	$16.50M	$19.90M	$23.70M	$26.50M	$30.40M
YoY Change	-42.88%	119.44%	-5.58%	55.18%	-10.49%	29.78%	18.74%	53.6%	2427.27%	-93.25%	-23.47%	14.52%	-21.52%	43.64%	-17.09%	-16.03%	-10.57%	-12.83%
Total Long-Term Assets	$5.051B	$3.872B	$3.658B	$3.300B	$3.115B	$2.854B	$2.795B	$2.419B	$2.296B	$2.226B	$2.194B	$2.176B	$2.080B	$2.066B	$2.101B	$2.200B	$2.210B	$2.017B	$2.040B
YoY Change	30.44%	5.85%	10.87%	5.92%	9.15%	2.1%	15.58%	5.35%	3.12%	1.46%	0.85%	4.57%	0.72%	-1.68%	-4.5%	-0.45%	9.59%	-1.12%
Total Assets	$10.39B	$9.482B	$7.992B	$6.524B	$5.880B	$5.478B	$5.359B	$4.835B	$4.521B	$4.042B	$4.043B	$3.989B	$3.816B	$3.646B	$3.337B	$3.382B	$3.287B	$2.798B	$2.639B
YoY Change
Accounts Payable	$2.915B	$3.291B	$1.882B	$1.507B	$1.219B	$1.080B	$1.064B	$950.1M	$815.3M	$702.8M	$667.7M	$802.5M	$491.5M	$422.4M	$512.2M	$484.7M	$454.6M	$324.9M	$213.8M
YoY Change	-11.42%	74.85%	24.92%	23.58%	12.88%	1.49%	12.02%	16.53%	16.01%	5.26%	-16.8%	63.28%	16.36%	-17.53%	5.67%	6.62%	39.92%	51.96%
Accrued Expenses	$216.5M	$328.6M	$352.7M	$574.6M	$536.5M	$407.4M	$383.5M	$357.1M	$343.3M	$357.8M	$292.6M	$285.9M	$218.9M	$228.6M	$110.0M	$100.3M	$126.6M	$70.10M	$54.30M
YoY Change	-34.1%	-6.84%	-38.62%	7.1%	31.69%	6.23%	7.39%	4.02%	-4.05%	22.28%	2.34%	30.61%	-4.24%	107.82%	9.67%	-20.77%	80.6%	29.1%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$178.4M	$218.6M	$225.0M	$185.9M	$198.8M	$189.1M	$180.1M	$195.0M	$203.1M	$187.6M	$182.5M	$125.8M	$244.4M	$192.1M	$104.3M	$88.20M
YoY Change			-100.0%	-18.39%	-2.84%	21.03%	-6.49%	5.13%	5.0%	-7.64%	-3.99%	8.26%	2.79%	45.07%	-48.53%	27.23%	84.18%	18.25%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$3.132B	$3.620B	$736.7M	$2.288B	$1.994B	$1.746B	$1.634B	$1.511B	$1.356B	$1.241B	$1.160B	$1.292B	$458.6M	$467.5M	$772.2M	$841.7M	$418.0M	$209.8M	$356.3M
YoY Change	-13.48%	391.36%	-67.8%	14.71%	14.26%	6.82%	8.18%	11.37%	9.33%	6.99%	-10.21%	181.62%	-1.9%	-39.46%	-8.26%	101.36%	99.24%	-41.12%
Long-Term Debt	$3.734B	$2.823B	$2.920B	$2.453B	$2.507B	$2.476B	$2.493B	$2.281B	$2.248B	$1.625B	$1.535B	$1.318B	$1.334B	$1.394B	$1.387B	$1.403B	$1.397B	$1.344B	$1.345B
YoY Change	32.27%	-3.32%	19.05%	-2.18%	1.25%	-0.65%	9.27%	1.46%	38.33%	5.87%	16.49%	-1.21%	-4.3%	0.53%	-1.18%	0.44%	3.91%	-0.04%
Other Long-Term Liabilities	$1.440B	$871.7M	$781.9M	$467.9M	$352.3M	$263.0M	$251.1M	$196.6M	$164.6M	$138.2M	$158.8M	$62.20M	$59.70M	$58.40M	$49.80M	$40.60M	$53.70M	$45.60M	$31.20M
YoY Change	65.24%	11.48%	67.11%	32.81%	33.95%	4.74%	27.72%	19.44%	19.1%	-12.97%	155.31%	4.19%	2.23%	17.27%	22.66%	-24.39%	17.76%	46.15%
Total Long-Term Liabilities	$5.174B	$3.695B	$3.702B	$2.921B	$2.860B	$2.739B	$2.744B	$2.478B	$2.413B	$1.763B	$1.694B	$1.380B	$1.394B	$1.452B	$1.436B	$1.444B	$1.451B	$1.390B	$1.376B
YoY Change	40.05%	-0.2%	26.75%	2.13%	4.39%	-0.15%	10.73%	2.69%	36.83%	4.1%	22.75%	-0.98%	-4.03%	1.11%	-0.51%	-0.48%	4.36%	1.0%
Total Liabilities	$8.307B	$7.315B	$6.321B	$5.209B	$4.856B	$4.503B	$4.394B	$4.014B	$3.806B	$3.070B	$2.943B	$2.849B	$2.472B	$2.472B	$2.486B	$2.592B	$2.540B	$2.171B	$2.050B
YoY Change	13.56%	15.72%	21.36%	7.25%	7.84%	2.5%	9.46%	5.48%	23.95%	4.33%	3.31%	15.25%	-0.03%	-0.55%	-4.07%	2.02%	17.03%	5.88%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Basic Shares Outstanding	76.81M shares	79.80M shares	80.00M shares	79.24M shares	82.55M shares	88.12M shares	90.00M shares	89.07M shares	95.27M shares	99.85M shares	104.7M shares	109.4M shares	108.4M shares	89.44M shares	86.65M shares
Diluted Shares Outstanding	77.86M shares	81.29M shares	81.74M shares	80.70M shares	84.62M shares	90.62M shares	92.12M shares	90.01M shares	96.79M shares	101.7M shares	106.0M shares	111.1M shares	112.1M shares	89.44M shares	98.49M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $24.759 Billion

About LPL Financial Holdings Inc.

LPL Financial Holdings, Inc. serves independent financial advisors and financial institutions, providing them with the technology, research, clearing and compliance services, and practice management programs they need to create and grow their practices. The company is headquartered in San Diego, California and currently employs 8,787 full-time employees. The company went IPO on 2010-11-18. The company offers an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at enterprises in the United States. Through its comprehensive platform, it offers integrated technology solutions; brokerage and advisory platforms; clearing, compliance, business and planning and advice services; consultative practice management programs and training, and in-house research. Through its custody and clearing platform, using both proprietary and third-party technology, it offers access to diversified financial products and services, enabling its advisors to offer personalized financial advice and brokerage services to retail investors. Its products include alternative investments, annuities, exchange-traded products, insurance-based products, mutual funds, and retirement plan products. The company also offers wealth management solutions.

Industry: Security & Commodity Brokers, Dealers, Exchanges & Services Peers: MORGAN STANLEY GOLDMAN SACHS GROUP INC HOULIHAN LOKEY, INC. Interactive Brokers Group, Inc. Jefferies Financial Group Inc. Robinhood Markets, Inc. RAYMOND JAMES FINANCIAL INC SCHWAB CHARLES CORP STIFEL FINANCIAL CORP