LPL Financial Holdings Inc.

LPLANASDAQFinancial Services● Active

$288.49

$-3.35(-1.15%)

Market Cap$23.1B

P/E Ratio—

52W High$403.58

52W Low$260.15

Avg Volume968K

Open$292.00

Beta0.51

Free Cash Flow Financials Revenue

LPL Financial Holdings Inc. (LPLA) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

LPLA · free cash flow · updated Jun 8, 2026

Core FCF metrics

LPLA · FCF · TTM · margin & CAGR

Free cash flow was −$993.4M for FY2025 (fiscal year ending 2025-12-31), down 248.6% year-over-year The FCF margin was -5.8%.

FY2025 Free Cash Flow−$993.4M▼ -248.6% YoY

Trailing 12M (TTM)−$1.19Btrailing 4 quarters sum

FCF Margin-5.8%−$993.4M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

LPLA · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest−$423.0M(570M)−$993.4M▼ 248.6%-5.8%

FY2024$277.6M(563M)−$284.9M▼ 360.6%-2.3%

FY2023$512.6M(403M)$109.3M▼ 93.3%1.1%

FY2022$1.95B(307M)$1.64B▲ +591.1%19.1%

FY2021$453.1M(216M)$237.1M▼ 62.6%3.1%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

LPLA · P/FCF · FCF yield · FCF per share

LPL Financial Holdings Inc. (LPLA) reported negative free cash flow of −$0.99B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

LPLA · cash flow statement · operating / investing / financing

For FY2025, LPL Financial Holdings Inc. generated −$423.0M in operating cash flow and spent 570M in capital expenditures, yielding −$993.4M in free cash flow.

Operating Activities

−$423.0M

Cash from core business operations

2025-12-31

Investing Activities

−$2.37B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$3.17B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF (−$423.0M) − |CapEx| (570M) = FCF (−$993.4M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Financial Services)

LPLA vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

LPL Financial Holdings Inc.YOU

LPLA

−$993.4M-248.6%-5.8%

Loss

Berkshire Hathaway Inc.

BRK-A

$25.04B+115.6%6.7%

25%

Berkshire Hathaway Inc.

Mastercard Incorporated

$16.91B+18.2%51.6%

17%

Financial Services · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

LPL Financial Holdings Inc. (LPLA) reported free cash flow of −$993.4M for FY2025 (fiscal year ending 2025-12-31), down 248.6% year-over-year. The FCF margin was -5.8%.

Based on available data, LPL Financial Holdings Inc. has maintained positive free cash flow for at least 13 fiscal year(s). FCF peaked at $1.64B in FY2022.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

LPLA free cash flow · 8 questions

LPL Financial Holdings Inc. free cash flow was −$993.4M for FY2025, down 248.6% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$1.19B.

LPLA free cash flowLPLA FCFLPLA FCF 2025LPLA free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · LPL Financial Holdings Inc. · LPL Financial Holdings Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026