# LPL Financial (LPLA) — Overview

LPLA · NASDAQ · Stock

Canonical page: https://www.lighthorse.io/tickers/lpla

## Price

Last close $323.77 on Oct 15, 2026. 52-week range $265.86 – $393.25.

## Company profile

LPL Financial is the largest US independent broker/dealer, with more than 32,000 financial advisors, roughly 11 million customer accounts, and roughly $2.4 trillion in client assets under management or advisory affiliated with its platform at the end of 2025. The firm earns the bulk of its profit from interest income earned on client cash balances and from advisory fees, commissions, and asset-based fees. LPL specializes in providing turnkey wealth management services for affiliated independent advisors, but maintains a diverse array of affiliation modalities, running the gamut from more traditional employee models to a pure RIA custody approach. It earns tuck-in revenue from recordkeeping fees and the provision of software tools and services to its advisor base.

## Financials

| Metric | Value |
| --- | --- |
| Revenue (trailing twelve months) | $19.6B |
| Revenue (quarter) | $5.2B |
| Revenue growth (year over year) | 35.24% |
| Gross profit (trailing twelve months) | $0.00 |
| Gross margin | 0.00% |
| Net income (trailing twelve months) | $1.0B |
| Net income (quarter) | $379.3M |
| Net income growth (year over year) | 38.80% |
| Net margin | 5.13% |
| Return on equity | 18.59% |
| EPS (trailing twelve months) | $12.51 |
| Book value per share | $72.72 |
| P/E (trailing twelve months) | 25.3 |
| Price to book | 4.4 |
| Debt to assets | 70.91% |
| Payout ratio | 10.94% |
| Dividend yield | 0.37% |

## Frequently Asked Questions

### Is LPL Financial (LPLA) profitable?

Yes. LPL Financial earned $1.0B in net income over the trailing twelve months, a net margin of 5.13%.

### How much revenue does LPL Financial (LPLA) make?

LPL Financial generated $19.6B in revenue over the trailing twelve months, up 35.24% year over year.

### What is LPLA's P/E ratio?

LPL Financial trades at 25.3 times trailing twelve-month earnings, on an EPS of $12.51.

### How do I buy stock in LPL Financial (LPLA)?

LPLA trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

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This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).