LPLA is the ticker symbol for LPL Financial Holdings Inc., a publicly traded Financials sector company listed on Nasdaq. 13F Pro tracks LPLA with AI-powered analysis, an AI quality score, SEC EDGAR financials, insider transactions, and institutional 13F holdings — all sourced directly from public SEC filings.

Is LPLA a good stock to buy?

13F Pro's AI ranking engine scores LPLA at 72.5/100, ranked #147 of 2,925 stocks on a composite quality score built from its SEC filings, covering profitability, growth, balance sheet strength, and free cash flow. The full AI verdict and bull/bear case for LPLA is available at https://13fpro.ai/company/LPLA. Not investment advice — review the underlying SEC filings before making any trade.

Where does 13F Pro source LPLA data?

All LPL Financial Holdings Inc. fundamentals and ownership data come directly from SEC EDGAR. LPL Financial Holdings Inc. files with the SEC under CIK 1397911. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

LPL Financial Holdings Inc. LPLA

NasdaqLarge CapFinancials

13F Pro quality score

Rank #147 of 2,925TOP 10%

Why it scores 73 Financials peers →

Rankings refresh quarterly once 80% of peers have filed. Next update: ~Nov 14, 2026.

Revenue

$5.19B

Quarter to Jun 30

Net income

$379.26M

Quarter to Jun 30

Free cash flow

$202.50M

Quarter to Jun 30

Operating margin

9.9%

Quarter to Jun 30

Top Institutional Holders

as of Q2 2026

$23.31B total

$1.33B-4.9%

$1.29B+10.4%

$1.20B+2.9%

$1.18B--

VANGUARD PORTFOLIO MANAGEMENT LLC

$1.08B-0.5%

VANGUARD CAPITAL MANAGEMENT LLC

$1.02B+0.5%

PRINCIPAL FINANCIAL GROUP INC

$756.31M+1.8%

SAMLYN CAPITAL, LLC

$677.62M+3.5%

Capital World Investors

$660.05M+1.3%

STATE STREET CORP

$544.84M+3.8%

WCM INVESTMENT MANAGEMENT, LLC

$487.34M+4.4%

GOLDMAN SACHS GROUP INC

$477.72M+370.0%

GEODE CAPITAL MANAGEMENT, LLC

$422.04M-5.8%

ALLIANCEBERNSTEIN L.P.

$416.88M-11.8%

MASSACHUSETTS FINANCIAL SERVICES CO /MA/

$413.83M-62.3%

KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC

$404.08M-14.6%

LONE PINE CAPITAL LLC

$343.40M-40.5%

SurgoCap Partners LP

$299.49M+4.2%

NORGES BANK

$297.04M--

VAN ECK ASSOCIATES CORP

$295.30M+4.5%

BARROW HANLEY MEWHINNEY & STRAUSS LLC

$290.48M-5.7%

DARLINGTON PARTNERS CAPITAL MANAGEMENT, LP

$279.71M+11.2%

FMR LLC

$276.44M-24.4%

MARSHALL WACE, LLP

$274.81MNew

MORGAN STANLEY

$242.80M-32.8%

See all 772 institutional holders →

What's Driving LPLA's Business? Latest 10-Q Breakdown

30/30 datapoints verified

AI-extracted from the 10-Q filed 2026-08-03 — Q2 2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Total revenue rose 35% YoY to $5.19B and net income 39% to $379.3M, driven by advisory revenue up 53% on the Commonwealth acquisition and higher advisory asset balances.

Biggest Revenue Drivers

Advisory$2.63B+53% YoY

Increase in advisory asset balances and the acquisition of Commonwealth

Commission$1.23B+19% YoY

Higher annuity sales; trailing commissions grew on trail-earning asset growth and Commonwealth

Biggest Revenue Drivers

Total revenue: $5.19B+35% YoY

Advisory$2.63B+53% YoY

Increase in advisory asset balances and the acquisition of Commonwealth

Commission$1.23B+19% YoY

Higher annuity sales; trailing commissions grew on trail-earning asset growth and Commonwealth

Within Commission

Sales-based commission$728.2M+17% YoY

Primarily driven by an increase in sales of annuities

Trailing commission$503.9M+20% YoY

Continued growth in trail earning assets and the Commonwealth acquisition

Asset-based$835.1M+19% YoY

Increases in client cash and other asset-based revenue

Largest Expense Items

Advisory and commission$3.51B+41% YoY

Payout rate rose 11 bps to 87.44% on mix of brokerage products and advisory platforms

Compensation and benefits$355.6M+11% YoY

Primarily due to an increase in headcount, to 10,081 employees

Promotional$220.0M+24% YoY

Recruited assets and advisors drove transition assistance, retention and training costs, plus legal expenses

Occupancy and equipment$125.5M+54% YoY

Increased expense related to software licenses and the technology portfolio

Margins: Gross profit, a non-GAAP measure, was $1.62B, up 24% YoY, trailing 35% revenue growth as the payout rate rose 11 bps to 87.44%. Core G&A grew 22% to $519.3M.

Watch Items from the Filing

Leverage ratio rose to 1.91 from 1.23 a year ago, with Credit Agreement net debt of $7.07B against a 4.0 covenant maximum.
Net new brokerage assets were an outflow of $7.1 billion versus a $2.6 billion outflow a year ago.
Commonwealth asset conversion is expected in Q4 2026; acquisition costs were $49.0 million in the quarter and $110.2 million year-to-date.
Consolidated putative class actions filed in July 2024 allege violations in connection with the cash sweep programs; no exposure quantified.
Board authorized a new $2.5 billion repurchase program on July 23, 2026, after $309.5 million repurchased in the quarter.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →

Key Metrics

Revenue

Q2 2026

EDGAR

Net Income

Q2 2026

EDGAR

EPS (Diluted)

Q2 2026

EDGAR

Operating Margin

Q2 2026

EDGAR

ROIC

Q2 2026

EDGAR

Free Cash Flow

Q2 2026

EDGAR

Debt/Equity

Q2 2026

EDGAR

Financial Trends

Revenue & Net Income

13fpro.ai/company/LPLA

Earnings Per Share

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LPL Financial Holdings Inc. reported revenue, net income and margins by fiscal period, from SEC filings.
Period	Form	Revenue	Net income	Op. marginOperating margin
FY 2025	10-K	$17.0B	$863.0M	6.8%
FY 2024	10-K	$12.4B	$1.1B	11.3%
FY 2023	10-K	$10.1B	$1.1B	14.4%
FY 2022	10-K	$8.6B	$845.7M	12.9%
FY 2021	10-K	$7.7B	$459.9M	7.8%
FY 2020	10-K	$5.9B	$472.6M	10.7%

About LPL Financial Holdings Inc. (LPLA): stock profile, AI score and financials

LPL Financial Holdings Inc. (LPLA) stock profile, AI quality score, and SEC EDGAR financial data, a Financials sector company. 13F Pro's AI-powered ranking engine scores LPLA at 72.5/100 on a composite quality score built from its SEC filings, placing it at rank #147 of 2,925 stocks — the top 10% of the AI-ranked universe. LPLA scores in the top quartile across revenue scale (92.2), revenue growth (89.7). Areas of concern include earnings quality (10.4) and free cash flow (20.6), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), LPL Financial Holdings Inc. reports quarterly revenue of $5.2B, net income of $379.3M, an operating margin of 9.9%. Top institutional holders of LPLA by reported 13-F value include BlackRock, DODGE & COX, Boston Partners, based on the most recent SEC filings. LPLA trades on the Nasdaq exchange and files with the SEC under CIK 1397911. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate LPLA daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for LPL Financial Holdings Inc. directly from SEC EDGAR.

Financials through the period ended Jun 30, 2026SEC EDGAR: CIK 1397911 →

LPL Financial Holdings Inc. LPLA

Top Institutional Holders

What's Driving LPLA's Business? Latest 10-Q Breakdown

Biggest Revenue Drivers

Biggest Revenue Drivers

Largest Expense Items

Watch Items from the Filing

Key Metrics

Financial Trends

Revenue & Net Income

Earnings Per Share

LPLA key financials by period

LPLA insiders

Congress trading in LPLA

About LPL Financial Holdings Inc. (LPLA): stock profile, AI score and financials

LPL Financial Holdings Inc. LPLA

Top Institutional Holders

What's Driving LPLA's Business? Latest 10-Q Breakdown

Biggest Revenue Drivers

Key Metrics

Financial Trends

Revenue & Net Income

Earnings Per Share

LPLA key financials by period

Companies similar to LPLA

LPLA insiders

Congress trading in LPLA

About LPL Financial Holdings Inc. (LPLA): stock profile, AI score and financials