Analisi facoltativa del prodotto
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LPL Financial Holdings Inc.'s published Strong Buy conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.
| Market cap | $26.2B | |
|---|---|---|
| Revenue (ttm) | 20B | |
| Net income (ttm) | 1.4B | |
| EPS (ttm) | $17.4 | |
| Shares out | 78.3M | |
| P/E (trailing) | 15.4x | |
| P/E (forward) | 10.9x | |
| Dividend | $1.20 (0.45%) | |
| Volume | 4,981,556 | |
| Beta | 0.54 |
Recent price action with selectable time range.
| Item | P1 | P2 | P3 | P4 | P5 | Trend |
|---|---|---|---|---|---|---|
| Period | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Trend |
| Revenue | $7.72B | $8.60B | $10.05B | $12.39B | $16.99B | +21.8% |
| Gross profit | $1.71B | $2.37B | $3.05B | $3.37B | $4.35B | +26.2% |
| Operating income | $705.7M | $1.24B | $1.63B | $1.67B | $1.55B | +21.8% |
| Net income | $459.9M | $845.7M | $1.07B | $1.06B | $863.0M | +17.0% |
| EPS (diluted) | $5.63 | $10.40 | $13.69 | $14.03 | $10.92 | +18.0% |
| EBITDA | $936.4M | $1.53B | $1.99B | $2.11B | $2.18B | +23.6% |
| R&D | $0 | $0 | $0 | — | — | +32.3% |
| SG&A | $319.1M | $820.7M | $396.9M | $450.8M | $177.1M | -13.7% |
Recent company headlines from major financial publishers.
The Base case represents the modal forecast pathway for LPLA. Supported by an expanding corporate and independent RIA platform, total revenue grows 24.1% in FY2026 and 14.4% in FY2027, anchoring on consensus revenue of $24.10B and EPS of $29.90 in FY2027. Operating margins expand from 9.14% in FY2025 to 14.5% in FY2027, as full-year 2026 core G&A settles between $2.14B and $2.17B. Cash sweep balances stabilize near $54B-$57B with net yields near 330-337 bps. Capital return continues via $300M in quarterly buybacks, supporting our fair value midpoint of $598.11.
In the Bull case, LPL captures accelerated organic net new asset inflows of 7-9% as wirehouse adviser recruitment pipelines achieve all-time highs and large institutional bank partnerships migrate onto LPL's turnkey platform. Commonwealth Financial Network onboarding exceeds targets with over 95% asset retention and synergy EBITDA surpassing $435M. Client cash balances stabilize above $60B with ICA net yields widening above 350 bps under persistent interest rates. Operating margins expand toward 16%, driving FY2027 diluted EPS to $32.65 and funding aggressive buybacks under the $2.5B board authorization.
| Ke ↓ / g → | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% |
|---|---|---|---|---|---|
| 7.6% | $617 | $647 | $684 | $731 | $791 |
| 8.1% | $582 | $607 | $637 | $674 | $719 |
| 8.6% | $553 | $574 | $598 | $627 | $663 |
| 9.1% | $527 | $545 | $565 | $589 | $618 |
| 9.6% | $505 | $520 | $537 | $557 | $581 |
Upcoming earnings date and setup when available.
Il rating riportato dall'edizione di ricerca pubblicata ogni mese. Un rating confronta il prezzo alla data dell'analisi con il valore equo; non indica se la valutazione si è rivelata corretta.
| Anno | gen | feb | mar | apr | mag | giu | lug | ago | set | ott | nov | dic |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 |
