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LPLA

LPL Financial Holdings Inc.

LPLA

NASDAQ·Financial Services·Financial - Capital Markets·Mkt cap $23.5B

$295.32

▲ +0.70%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$260.15 - $403.58

P/E

26.37

Fwd P/E

12.92

Beta

0.51

Div Yield

0.41%

Avg Vol

999.6K

Shares Out

80.2M

Mkt Cap

$23.5B

Price action

Price chart

Down 22.1% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

▲

Bull Case

5 reasons

  • Largest independent brokerage platform with significant scale and network effects
  • Integrated technology platform reducing advisor operational costs and complexity
  • Recurring revenue model from advisory fees and transaction volumes
  • High switching costs due to embedded workflows and client relationships
  • Regulatory expertise and compliance infrastructure serving thousands of advisors
▼

Bear Case

1 risk

  • Low volatility (beta 0.5).

Growth

Moderate growth ahead

Organic growth from advisor recruitment and asset growth within existing advisor base

Value

Deep value opportunity - significant discount to Wealth & Trading Platforms peers

Momentum

Stable

-0.1% over 3m

Quality

Stable

Strong fundamentals

Dividend

Token

0.41% yield

Earnings track record

Recent earnings results

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Apr 23, 2026

“
Q2 26 RECAP

APR 30, 2026

Reported EPS of $5.60 vs $5.49 consensus (+2.0% surprise). Revenue of $4.9B vs $5.0B expected (-0.9%).

EPS beat +2.0%
Revenue miss

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+2.0%

Next: Apr 23, 2026

Revenue trend · last 8Q

—

—

+32%

+29%

+30%

+46%

+44%

+35%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$2.9B

$3.0B

$3.4B

$3.7B

$3.8B

$4.6B

$4.9B

$4.9B

Margins · last 8Q

Gross

25.2%

Operating

13.1%

Profit

7.2%

View full earnings history →

Wall Street consensus

2 analysts · 50% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

1

50%

Hold

0%

Sell

1

50%

Median Price Target

$393.00

▲ +33.1% vs $295.32

Low $374.00
Median $393.00
High $412.00

Latest: Bank of America · Jun 4, 2026

2 analysts covering

View full analyst page →

vs Industry

How LPLA stacks vs Financial - Capital Markets

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.