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LPL Financial Holdings is an independent broker/dealer that provides a platform of proprietary technology, brokerage, and investment advisory services to financial advisors and institutions. As of the end of September 2024, the company had over 23,000 advisors on its platform managing $1.6 trillion of client assets. The company doesn't have material operations outside of the United States.
2005
9K+
LTM Revenue $13.1B
LTM EBITDA $2.2B
$29.6B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
LPL Financial has a last 12-month revenue of $13.1B and a last 12-month EBITDA of $2.2B.
In the most recent fiscal year, LPL Financial achieved revenue of $12.4B and an EBITDA of $2.1B.
LPL Financial expects next 12-month revenue of XXX and NTM EBITDA of XXX
See LPL Financial valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $10.1B | $12.4B | XXX | XXX | XXX |
| Gross Profit | $2.4B | $3.1B | XXX | XXX | XXX |
| Gross Margin | 24% | 25% | XXX | XXX | XXX |
| EBITDA | $2.0B | $2.1B | XXX | XXX | XXX |
| EBITDA Margin | 20% | 17% | XXX | XXX | XXX |
| Net Profit | $846M | $1.1B | XXX | XXX | XXX |
| Net Margin | 8% | 9% | XXX | XXX | XXX |
| Net Debt | $1.9B | $3.3B | XXX | XXX | XXX |
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As of April 15, 2025, LPL Financial's stock price is $311.
LPL Financial has current market cap of $24.9B, and EV of $29.6B.
See LPL Financial trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $29.6B | $24.9B | XXX | XXX | XXX | XXX | $17.12 |
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Sign UpAs of April 15, 2025, LPL Financial has market cap of $24.9B and EV of $29.6B.
LPL Financial's trades at 2.3x LTM EV/Revenue multiple, and 13.3x LTM EBITDA.
Analysts estimate LPL Financial's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for LPL Financial and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $29.6B | XXX | XXX | XXX |
| EV/Revenue | 2.4x | XXX | XXX | XXX |
| EV/EBITDA | 14.0x | XXX | XXX | XXX |
| P/E | 23.5x | XXX | XXX | XXX |
| P/E/Growth | 1.1x | XXX | XXX | XXX |
| EV/FCF | -103.8x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpLPL Financial's NTM/LTM revenue growth is 17%
LPL Financial's revenue per employee for the last fiscal year averaged $1.4M, while opex per employee averaged $0.2M for the same period.
Over next 12 months, LPL Financial's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate LPL Financial's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for LPL Financial and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 23% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 17% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 6% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 34% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $1.4M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.2M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 5% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 4% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 14% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Bell Financial Group | XXX | XXX | XXX | XXX | XXX | XXX |
| SelfWealth | XXX | XXX | XXX | XXX | XXX | XXX |
| Choice International | XXX | XXX | XXX | XXX | XXX | XXX |
| Motilal Oswal | XXX | XXX | XXX | XXX | XXX | XXX |
| Share India | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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LPL Financial acquired XXX companies to date.
Last acquisition by LPL Financial was XXXXXXXX, XXXXX XXXXX XXXXXX . LPL Financial acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was LPL Financial founded? | LPL Financial was founded in 2005. |
| Where is LPL Financial headquartered? | LPL Financial is headquartered in United States of America. |
| How many employees does LPL Financial have? | As of today, LPL Financial has 9K+ employees. |
| Who is the CEO of LPL Financial? | LPL Financial's CEO is Mr. Richard Steinmeier. |
| Is LPL Financial publicy listed? | Yes, LPL Financial is a public company listed on NAS. |
| What is the stock symbol of LPL Financial? | LPL Financial trades under LPLA ticker. |
| When did LPL Financial go public? | LPL Financial went public in 2010. |
| Who are competitors of LPL Financial? | Similar companies to LPL Financial include e.g. Bell Financial Group, SelfWealth, Choice International, Motilal Oswal. |
| What is the current market cap of LPL Financial? | LPL Financial's current market cap is $24.9B |
| What is the current revenue of LPL Financial? | LPL Financial's last 12-month revenue is $13.1B. |
| What is the current EBITDA of LPL Financial? | LPL Financial's last 12-month EBITDA is $2.2B. |
| What is the current EV/Revenue multiple of LPL Financial? | Current revenue multiple of LPL Financial is 2.3x. |
| What is the current EV/EBITDA multiple of LPL Financial? | Current EBITDA multiple of LPL Financial is 13.3x. |
| What is the current revenue growth of LPL Financial? | LPL Financial revenue growth between 2023 and 2024 was 23%. |
| Is LPL Financial profitable? | Yes, LPL Financial is EBITDA-positive (as of the last 12 months). |
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