LPL Financial Holdings Inc

Chart & Performance

D1W1MN

P/E

23.59

P/S

2.50

EPS

14.24

Div Yield, %

0.37%

Shrs. gr., 5y

-2.99%

Rev. gr., 5y

40.71%

Revenues

10.05b

+228.13%

Net income

1.07b

+26.08%

CFO

513m

-73.65%

Dividend

Aug 09, 20240.3 USD/sh

Earnings

Jan 30, 2025

Profile

LPL Financial Holdings Inc., together with its subsidiaries, provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at financial institutions in the United States. Its brokerage offerings include variable and fixed annuities, mutual funds, equities, retirement and education savings plans, fixed income, and insurance, as well as alternative investments, such as non-traded real estate investment trusts and auction rate notes. The company also provides advisory platforms that provide access to mutual funds, exchange-traded funds, stocks, bonds, certain option strategies, unit investment trusts, and institutional money managers and no-load multi-manager variable annuities. In addition, it offers money market programs; and retirement solutions for commission-and fee-based services that allow advisors to provide brokerage services, consultation, and advice to retirement plan sponsors. Further, the company provides other services comprising tools and services that enable advisors to maintain and grow their practices; trust, investment management oversight, and custodial services to trusts for estates and families, as well as insurance brokerage general agency services; and technology products, such as proposal generation, investment analytics, and portfolio modeling. The company was formerly known as LPL Investment Holdings Inc. and changed its name to LPL Financial Holdings Inc. in June 2012. LPL Financial Holdings Inc. was founded in 1989 and is based in San Diego, California.

URL

https://lplfinancial.lpl.com/

IPO date

Nov 18, 2010

Employees

7,291

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	10,052,848 228.13%	3,063,701 30.35%	2,350,303 17.66%
Cost of revenue	7,857,625	2,273,783	2,043,053
Unusual Expense (Income)
NOPBT	2,195,223	789,918	307,250
NOPBT Margin	21.84%	25.78%	13.07%
Operating Taxes	378,525	265,951	141,463
Tax Rate	17.24%	33.67%	46.04%
NOPAT	1,816,698	523,967	165,787
Net income	1,066,250 26.08%	845,702 83.90%	459,866 -2.70%
Dividends	(92,190)	(79,833)	(80,095)
Dividend yield	0.52%	0.45%	0.61%
Proceeds from repurchase of equity	(1,100,101)	(296,301)	2,836,963
BB yield	6.21%	1.69%	-21.68%
Debt
Debt current	317,210	458,273	90,000
Long-term debt	4,144,085	2,948,384	3,050,415
Deferred revenue		138,109	160,926
Other long-term liabilities	823,127	(2,428,525)	(254,662)
Net debt	3,727,182	2,506,528	2,595,977
Cash flow
Cash from operating activities	512,611	1,945,577	453,134
CAPEX	(403,286)	(306,596)	(215,987)
Cash from investing activities	(860,186)	(376,400)	(458,641)
Cash from financing activities	(208,532)	(504,271)	278,837
FCF	(3,885,376)	4,667,554	(2,182,724)
Balance
Cash	541,759	847,519	495,246
Long term investments	192,354	52,610	49,192
Excess cash	231,471	746,944	426,923
Stockholders' equity	4,085,244	8,175,432	7,298,904
Invested Capital	6,902,988	8,427,819	6,755,871
ROIC	23.70%	6.90%	2.72%
ROCE	30.77%	8.45%	4.13%
EV
Common stock shares outstanding	77,861	81,285	81,742
Price	227.62 5.30%	216.17 35.03%	160.09 53.61%
Market cap	17,722,721 0.86%	17,571,378 34.28%	13,086,077 55.59%
EV	21,449,903	22,984,584	18,982,694
EBITDA	2,549,428	1,077,295	537,938
EV/EBITDA	8.41	21.34	35.29
Interest	186,804	126,234	104,414
Interest/NOPBT	8.51%	15.98%	33.98%