LPLA FY 2024 Earnings Report — LPL Financial Holdings Inc. Revenue & Financial Results | Market Cap Arena

LPL Financial Holdings Inc.LPLA

FY 2024 Earnings

Reported February 20, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2024	Prior Q	FY 2023	QoQ Change	YoY Change
Revenue	$12.4B	—	$10.1B	—	23.2%
Op. Income	$1.7B	—	$1.6B	—	2.2%
Gross Margin	27.2%	—	30.4%	—	-3.1pp
Net Margin	8.5%	—	10.6%	—	-2.1pp
EPS (Diluted)	$14.03	—	$13.69	—	2.5%
Free Cash Flow	-$285M	—	$109M	—	-360.6%

Revenue Flow

Item	Amount
REVENUE	$12.4B
Cost of Revenue	$9.0B
GROSS PROFIT	$3.4B
R&D Expenses	$0
Selling & Marketing	$589M
General & Administrative	$451M
SG&A Expenses	$1.0B
Other Expenses	$662M
Operating Expenses	$1.7B
Cost & Expenses	$10.7B
OPERATING INCOME	$1.7B
Interest Income	$0
Interest Expense	$274M
Other Income/Expenses	-$274M
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$334M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$444M
EBIT	$1.7B
EBITDA	$2.1B
EPS	$14
EPS Diluted	$14

Income Statement

Item	Amount
REVENUE	$12.4B
Cost of Revenue	$9.0B
GROSS PROFIT	$3.4B
R&D Expenses	$0
Selling & Marketing	$589M
General & Administrative	$451M
SG&A Expenses	$1.0B
Other Expenses	$662M
Operating Expenses	$1.7B
Cost & Expenses	$10.7B
OPERATING INCOME	$1.7B
Interest Income	$0
Interest Expense	$274M
Other Income/Expenses	-$274M
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$334M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$444M
EBIT	$1.7B
EBITDA	$2.1B
EPS	$14
EPS Diluted	$14

Cash Flow Statement

Item	Amount
Net Income	$1.1B
Depreciation & Amortization	$444M
Stock-Based Compensation	$92M
Deferred Income Tax	-$76M
Other Non-Cash Items	$406M
Change in Working Capital	-$1.6B
OPERATING CASH FLOW	$278M
Capital Expenditure	-$563M
Acquisitions (Net)	-$1.0B
Purchases of Investments	-$5M
Sales/Maturities of Investments	$5M
Other Investing Activities	-$10M
NET CASH FROM INVESTING	-$1.6B
Net Debt Issuance	$1.8B
Common Stock Repurchased	-$170M
Common Dividends Paid	-$90M
Other Financing Activities	-$81M
NET CASH FROM FINANCING	$1.4B
FREE CASH FLOW	-$285M
Net Change in Cash	$103M

Balance Sheet

Item	Amount
Cash & Equivalents	$967M
Short-Term Investments	$42M
Net Receivables	$3.9B
Inventory	$0
Other Current Assets	$1.7B
TOTAL CURRENT ASSETS	$6.8B
PP&E (Net)	$1.3B
Goodwill	$2.2B
Intangible Assets	$1.5B
Long-Term Investments	$294M
Tax Assets	$130M
Other Non-Current Assets	$1.1B
TOTAL NON-CURRENT ASSETS	$6.5B
TOTAL ASSETS	$13.3B
Account Payables	$2.6B
Short-Term Debt	$1.0B
Deferred Revenue	$208M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$4.2B
Long-Term Debt	$4.4B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$1.5B
TOTAL NON-CURRENT LIABILITIES	$6.2B
TOTAL LIABILITIES	$10.4B
Common Stock	$131.0K
Additional Paid-In Capital	$2.1B
Retained Earnings	$5.1B
Treasury Stock	-$4.2B
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.9B
Minority Interest	$0
TOTAL EQUITY	$2.9B
TOTAL LIABILITIES & EQUITY	$13.3B
Total Debt	$5.7B
Net Debt	$4.8B