LPL Financial Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest and Dividend Income	231.62	187.61	159.42	77.13	28.58
Total Interest Expense	403.41	274.18	186.8	126.23	104.41
Net Interest Income	-171.79	-86.58	-27.39	-49.11	-75.84
Brokerage Commission	4,505	3,305	2,553	2,326	2,379
Asset Management Fee	2,996	2,498	2,378	1,760	1,148
Underwriting & Investment Banking Fee	8,161	5,462	4,136	3,875	3,525
Other Revenue	1,096	906.06	827.4	562.11	640.07
Revenue	16,586	12,085	9,866	8,475	7,616
Revenue Growth (YoY)	37.25%	22.49%	16.42%	11.27%	32.09%
Salaries & Employee Benefits	1,274	1,102	973.58	820.74	741
Cost of Services Provided	12,670	8,891	6,864	6,111	5,887
Other Operating Expenses	130.87	157.47	140.89	143.61	131.54
Total Operating Expenses	14,705	10,594	8,333	7,363	6,991
Operating Income	1,881	1,490	1,533	1,112	625.73
EBT Excluding Unusual Items	1,881	1,490	1,533	1,112	625.73
Merger & Restructuring Charges	-707.8	-64.2	-21.4	-	-
Legal Settlements	-	-18	-40	-	-
Other Unusual Items	-24.16	-15.32	-26.85	-0.33	-24.4
Pretax Income	1,150	1,393	1,445	1,112	601.33
Income Tax Expense	286.48	334.28	378.53	265.95	141.46
Net Income	863.02	1,059	1,066	845.7	459.87
Net Income to Common	863.02	1,059	1,066	845.7	459.87
Net Income Growth	-18.48%	-0.72%	26.08%	83.90%	-2.70%
Shares Outstanding (Basic)	79	75	77	80	80
Shares Outstanding (Diluted)	79	75	78	81	82
Shares Change (YoY)	4.82%	-3.13%	-4.21%	-0.56%	1.29%
EPS (Basic)	10.97	14.17	13.88	10.60	5.75
EPS (Diluted)	10.92	14.03	13.69	10.40	5.63
EPS Growth	-22.17%	2.48%	31.64%	84.72%	-3.92%
Free Cash Flow	-	-294.55	109.33	1,639	237.15
Free Cash Flow Per Share	-	-3.90	1.40	20.16	2.90
Dividend Per Share	1.200	1.200	1.200	1.000	1.000
Dividend Growth	-	-	20.00%	-	-
Operating Margin	11.34%	12.33%	15.54%	13.12%	8.22%
Profit Margin	5.20%	8.76%	10.81%	9.98%	6.04%
Free Cash Flow Margin	-	-2.44%	1.11%	19.34%	3.11%
Effective Tax Rate	24.92%	24.00%	26.20%	23.92%	23.52%
Revenue as Reported	16,989	12,385	10,053	8,601	7,721

Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.