LPL Financial Holdings Inc. Common Stock (LPLA)

FairStock Score: 59/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach LPL as a scaled financial intermediary, not a manufacturer. Its platform serves independent advisers and institutions. The numbers show real growth: filed revenue rose from $10.1B in FY2023 to $12.4B in FY2024 to $17.0B in FY2025. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $5.2B, net income was $379.3M, and diluted EPS was $4.74. That is up from fiscal Q2 2025, when revenue was $3.8B, net income was $273.2M, and EPS was $3.40. FairStock calculates ROE at 18.59%, PEG at 0.67, and a Piotroski F-Score of 6/9. The Lynch category is STALWART, based on 12.8% annual profit growth and 23.7% revenue growth over five years. But quality is not clean. Fiscal Q3 2025 had a net loss of $29.5M and EPS of -$0.37, and FY2025 net income of $863.0M was below FY2024's $1.1B. Leverage is meaningful with debt-to-equity of 1.35, ROCE is only 5.40%, and the latest quarter's margin was 7.31%. At the 2026-10-13 close of $325.63, FairStock shows a P/E of 26.11 and P/B of 4.48, so the price already assumes much goes right. I would want CET1, net interest margin, or combined ratio-style risk data, but those are not provided. This is a growth stalwart with a full price and uneven earnings.

In plain English: LPL Financial runs a platform that helps independent financial advisers handle brokerage and investment accounts for their clients. The business has grown quickly and recent profits have rebounded, but earnings have been uneven and the company uses a fair amount of debt. At the recent price, the shares look reasonably full based on current profits rather than an obvious bargain.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer