What is the 13F Pro Quality Score for LPLA?

13F Pro ranks LPL Financial Holdings Inc. (LPLA) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View LPLA's current score at https://13fpro.ai/company/LPLA (free sign-up required for the full ranking).

Which hedge funds own the most LPLA stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of LPLA include BlackRock,, DODGE & COX, Boston Partners. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/company/LPLA as soon as new 13F filings post.

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.

What sector is LPLA in?

LPL Financial Holdings Inc. (LPLA) is classified in the Financials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/financials.

What drives LPLA's revenue?

Per LPL Financial Holdings Inc.'s latest 10-Q filed with the SEC on 2026-08-03, the biggest revenue drivers are: Advisory ($2.63B, +53% YoY); Commission ($1.23B, +19% YoY); Sales-based commission ($728.2M, +17% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/LPLA.

What are LPLA's largest expenses?

LPL Financial Holdings Inc.'s latest 10-Q reports these as the largest expense items: Advisory and commission ($3.51B, +41% YoY); Compensation and benefits ($355.6M, +11% YoY); Promotional ($220.0M, +24% YoY). Sourced directly from SEC EDGAR filing text for Q2 2026 (quarter ended June 30, 2026).

How often is LPLA research updated on 13F Pro?

LPLA's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

LPL Financial Holdings Inc.(LPLA)Stock Analysis

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13F Pro Quality Score

72.1/100

Rank #160 of 2,960 stocksTOP 10%

View Financials peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

89.7/100

Profitability

41.3/100

Balance Sheet

71.4/100

Earnings Quality

11.9/100

Free Cash Flow

20.5/100

Institutional Flow

66.5/100

Revenue Scale

92.4/100

Dilution Risk

76.3/100

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Why LPLA Scores 72/100

exact factor attribution · 2026-09-12

LPLA's composite is driven by revenue growth and scale, held back by free cash flow and earnings quality. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Revenue growth

+10.6 pts

90th pct

Scale

+8.5 pts

92th pct

Capital efficiency

+2.9 pts

71th pct

Shareholder dilution

+1.8 pts

76th pct

Institutional flow

+1.1 pts

67th pct

Earnings growth

-0.9 pts

36th pct

Profitability

-1.7 pts

41th pct

Earnings quality

-3.8 pts

12th pct

Free cash flow

-4.4 pts

21th pct

Latest change (2026-08-03): 62 → 65 · ↑ Free cash flow 20→44; ↑ Earnings growth 27→41; despite ↓ Revenue growth 87→77

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

LPLA Stock Analysis & AI Quality Score

Data updated 2026-09-12

AI stock analysis and institutional research for LPL Financial Holdings Inc. (LPLA), a Financials sector company. 13F Pro's AI-powered ranking engine scores LPLA at 72.1/100 on a 32-signal composite quality model, placing it at rank #160 of 2,960 stocks — the top 10% of the AI-ranked universe. LPLA scores in the top quartile across revenue scale (92.4), revenue growth (89.7). Areas of concern include earnings quality (11.9) and free cash flow (20.5), 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. LPL Financial Holdings Inc.'s 13F Pro composite quality score has ranged between 51 and 77 since 2021, currently 72.1 — an improving long-term trajectory across 69 quarterly and live scoring snapshots.

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

✓ 30/30 datapoints verified

AI-extracted from LPL Financial Holdings Inc.'s 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 →Share on X

Revenue

Q2 2026

$5.2B

Net Income

Q2 2026

$379.3M

Free Cash Flow

Q2 2026

$202.5M

Operating Margin

Q2 2026

9.9%

ROIC

Q2 2026

15.6%

D/E Ratio

Q2 2026

1.30

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+37.2% YoY

$16.99BFY 2025

FY22 $8.60BFY23 $10.05BFY24 $12.39BFY25 $16.99B

Net Income

-18.5% YoY

$863.0MFY 2025

FY22 $845.7MFY23 $1.07BFY24 $1.06BFY25 $863.0M

EPS (Diluted)

-22.2% YoY

$10.92FY 2025

FY22 $10.40FY23 $13.69FY24 $14.03FY25 $10.92

Total Assets

+38.9% YoY

$18.49BFY 2025

FY22 $9.48BFY23 $10.39BFY24 $13.32BFY25 $18.49B

Total Debt

+32.1% YoY

$7.26BFY 2025

FY22 $2.72BFY23 $3.73BFY24 $5.49BFY25 $7.26B

Op. Cash Flow

-248.2% YoY

$-411.4MFY 2025

FY22 $1.95BFY23 $512.6MFY24 $277.6MFY25 $-411.4M

Free Cash Flow

-244.6% YoY

$-981.8MFY 2025

FY22 $1.64BFY23 $109.3MFY24 $-284.9MFY25 $-981.8M

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$16.99B +37.2%	$12.39B +23.2%	$10.05B +16.9%	$8.60B +11.4%	$7.72B +31.5%	$5.87B
Net Income	$863.0M -18.5%	$1.06B -0.7%	$1.07B +26.1%	$845.7M +83.9%	$459.9M -2.7%	$472.6M
EPS (Diluted)	$10.92 -22.2%	$14.03 +2.5%	$13.69 +31.6%	$10.40 +84.7%	$5.63 -3.9%	$5.86
Total Assets	$18.49B +38.9%	$13.32B +28.2%	$10.39B +9.5%	$9.48B +18.7%	$7.99B +22.5%	$6.52B
Total Debt	$7.26B +32.1%	$5.49B +47.1%	$3.73B +37.4%	$2.72B -3.4%	$2.81B +20.0%	$2.35B
Operating Cash Flow	$-411.4M -248.2%	$277.6M -45.8%	$512.6M -73.7%	$1.95B +329.4%	$453.1M -42.6%	$789.9M
Free Cash Flow	$-981.8M -244.6%	$-284.9M -360.6%	$109.3M -93.3%	$1.64B +591.1%	$237.1M -62.6%	$634.4M

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13F Pro tracks comprehensive data for LPL Financial Holdings Inc. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of LPLA

BlackRock, Inc.
$1.3B4,732,991 sh
DODGE & COX
$1.3B4,578,679 sh
Boston Partners
$1.2B4,250,828 sh
Jupiter Topco LLC
$1.2B4,198,356 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$1.1B3,832,005 sh
VANGUARD CAPITAL MANAGEMENT LLC
$1.0B3,613,624 sh
PRINCIPAL FINANCIAL GROUP INC
$756.3M2,684,964 sh
SAMLYN CAPITAL, LLC
$677.6M2,405,639 sh
Capital World Investors
$660.1M2,343,266 sh
STATE STREET CORP
$544.8M1,934,239 sh

Fund	Value	Shares
BlackRock, Inc.	$1.3B	4,732,991
DODGE & COX	$1.3B	4,578,679
Boston Partners	$1.2B	4,250,828
Jupiter Topco LLC	$1.2B	4,198,356
VANGUARD PORTFOLIO MANAGEMENT LLC	$1.1B	3,832,005
VANGUARD CAPITAL MANAGEMENT LLC	$1.0B	3,613,624
PRINCIPAL FINANCIAL GROUP INC	$756.3M	2,684,964
SAMLYN CAPITAL, LLC	$677.6M	2,405,639
Capital World Investors	$660.1M	2,343,266
STATE STREET CORP	$544.8M	1,934,239

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Is LPLA a good stock to buy?

13F Pro's AI-powered analysis of LPL Financial Holdings Inc. (LPLA) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for LPLA are available on the LPLA stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. LPLA is classified as a large company.

Which hedge funds own LPLA?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling LPLA. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of LPL Financial Holdings Inc.'s investment landscape.