Pulling SEC filings + quote and writing the call…
Pulling SEC filings + quote and writing the call…

LPL Financial Holdings Inc.
Next earnings Jul 29, 2026 (after close) · consensus $5.50 EPS, $5.13B rev
Last earnings +1.0% on 2026-04-30
Durable advisory franchise scaling fast, but EPS fell 22% and cash flow turned negative as the Commonwealth deal compresses margins.
Sources: SEC EDGAR (CIK 0001397911, latest 10-Q filed 2026-05-04) · EODHD · analysis by claude-code · as of 6/21/2026, 7:08:46 PM.
Research and education only — not financial advice. Calls are generated from SEC filings and a delayed/third-party price feed, may be wrong or out of date, and are not a recommendation to buy or sell any security. Do your own research.
Middling fundamentals and a rich price (~17% above fair value) leave little margin of safety — a wait-and-see.
LPL is a high-quality, recurring-revenue brokerage/custody platform whose top line is compounding rapidly: FY2025 revenue rose 37% to $17.0B, led by advisory revenue up 49% to $8.16B and total advisory assets up 46% to $1.39T — a mix driven by the Commonwealth acquisition plus strong organic net new advisory assets of $317.4B (vs. $137.8B in 2024). Asset-based ($3.0B, +20%) and trailing commission revenue are sticky, recurring streams that make the franchise structurally attractive. The four-year revenue history ($7.7B in 2021 to $17.0B in 2025) shows consistent, accelerating growth.
The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
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| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $7.72B | $8.60B | $10.1B | $12.4B | $17.0B |
| Gross profit | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Net income | $460M | $846M | $1.07B | $1.06B | $863M |
| Diluted EPS | $5.63 | $10.40 | $13.69 | $14.03 | $10.92 |
| Net margin | 6.0% | 9.8% | 10.6% | 8.5% | 5.1% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
8 buys · 1 sell · 2 members · last 180d
Self-reported periodic transaction reports (STOCK Act). Amounts are disclosed ranges; a trade may be a spouse's. Disclosures lag the trade by up to ~45 days. Source: House Clerk + Senate eFD.
1482 tracked peers · median
Source: EODHD. Yield = trailing-12-month dividends ÷ price.
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
Last 90 days: 0 open-market buys · 1 sale
| 2026-06-17 | Jambusaria Aneri Group Managing Director | Sell | 308.00 @ $306.00 | $94.2K |
| 2026-06-12 | Gates Greg Group Managing Director | Tax | 232.00 @ $295.66 | $68.6K |
| 2026-06-12 | Cohen Marc Eliot Group Managing Director | Tax | 44.00 @ $295.66 | $13.0K |
| 2026-06-04 | Thomas Corey E. Director | Award | 7.00 | |
| 2026-06-04 | SCHIFTER RICHARD P Director | Award | 19.00 | |
| 2026-06-04 | Putnam James S Director | Award | 10.00 | |
| 2026-06-04 | Mnookin Allison Director | Award | 3.00 | |
| 2026-06-04 | Glavin William Francis Jr Director | Award | 15.00 |
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.