LPL Financial (LPLA)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
Fundamental grade
Five factors scored 1 to 9 from LPLA's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from LPL Financial's 10-K filings. The deep dive has 15+ years, quarters and every line.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $7.7B | $8.6B | $10.1B | $12.4B | $17.0B |
| Net income | $460M | $846M | $1.1B | $1.1B | $863M |
| Free cash flow | $237M | $1.6B | $109M | -$285M | -$982M |
| EPS (diluted) | $5.63 | $10.40 | $13.69 | $14.03 | $10.92 |
| Operating margin | 7.8% | 12.9% | 14.4% | 11.2% | 6.8% |
Superinvestors who own LPLA
From each investor's latest 13F filing (what a 13F shows).
Insider buying
Open-market purchases by LPL Financial's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
| Date | Insider | Shares | Price | Value |
|---|---|---|---|---|
| Mar 27, 2026 | Gilbert Ray Cisneros, Jr. |
0 | $296.90 | — |
| Mar 27, 2026 | Gilbert Ray Cisneros, Jr. |
0 | $296.90 | — |
| Dec 10, 2025 | Gilbert Ray Cisneros, Jr. |
0 | $386.99 | — |
| Dec 10, 2025 | Gilbert Ray Cisneros, Jr. |
0 | $386.99 | — |
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In the full deep dive
Questions
Are LPL Financial insiders buying the stock?
4 open-market insider purchases of LPLA in the last 12 months, from SEC Form 4 filings.
Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.