LPL Financial Holdings (LPLA) Operating Expenses (2010 - 2026)

LPL Financial Holdings (LPLA) posted quarterly Operating Expenses of $4.7 billion for Q2 2026, up 34.76% year-over-year from $3.5 billion in Q2 2025, and up 4.88% on a QoQ basis from $4.5 billion in Q1 2026.

LPL Financial Holdings (LPLA) Operating Expenses (2010 - 2026) Analysis & Trends

LPL Financial Holdings has reported Operating Expenses for 17 years, with the latest figure at $4.7 billion in Q2 2026.

  • Operating Expenses for Q2 2026 came in at $4.7 billion, up 34.76% year-over-year; the trailing twelve-month figure through Jun 2026 was $18.2 billion (up 44.22% YoY), and the FY2025 annual result was $15.8 billion, up 44.1% from the prior year.
  • Operating Expenses advanced to $4.7 billion in Q2 2026, from $4.5 billion in the prior quarter.
  • Over five years, Operating Expenses peaked at $4.7 billion in Q2 2026 and troughed at $1.8 billion in Q2 2022.
  • A 5-year average of $2.9 billion and a median of $2.5 billion in 2024 frame the typical range for Operating Expenses.
  • The widest annual swing landed in 2022, when Operating Expenses retreated 2.23%; it then soared 66.1% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $1.9 billion in 2022, then grew by 22.78% to $2.4 billion in 2023, then soared by 34.94% to $3.2 billion in 2024, then surged by 43.01% to $4.5 billion in 2025, then climbed by 3.0% to $4.7 billion in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $4.7 billion in Q2 2026, $4.5 billion in Q1 2026, and $4.5 billion in Q4 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Morgan Stanley 338.83 Bn 205.30 Bn - 13.90 Bn
2 Goldman Sachs 316.34 Bn -660.01 Bn - 11.67 Bn
3 Schwab Charles 220.55 Bn 135.80 Bn - 3.29 Bn
4 Futu Holdings 121.48 Bn 105.59 Bn 733.58 Mn -200.78 Mn
5 Robinhood Markets 84.07 Bn 66.74 Bn 1.20 Bn 734.00 Mn
6 Iren 68.17 Bn 65.95 Bn 104.86 Mn 81.75 Mn
7 ATIF Holdings 45.42 Bn 45.42 Bn - -
8 Interactive Brokers 39.54 Bn -3.28 Bn - 381.00 Mn
9 LPL Financial Holdings 28.27 Bn 25.57 Bn - 4.67 Bn
10 Tradeweb Markets 23.53 Bn 22.17 Bn - 313.68 Mn

Historic Data

Download Data
DateValue
Jun 30, 2026 4.67 Bn
Mar 31, 2026 4.45 Bn
Dec 31, 2025 4.53 Bn
Sep 30, 2025 4.59 Bn
Jun 30, 2025 3.47 Bn
Mar 31, 2025 3.25 Bn
Dec 31, 2024 3.17 Bn
Sep 30, 2024 2.76 Bn
Jun 30, 2024 2.60 Bn
Mar 31, 2024 2.46 Bn
Dec 31, 2023 2.35 Bn
Sep 30, 2023 2.20 Bn
Jun 30, 2023 2.08 Bn
Mar 31, 2023 1.97 Bn
Dec 31, 2022 1.91 Bn
Sep 30, 2022 1.86 Bn
Jun 30, 2022 1.83 Bn
Mar 31, 2022 1.89 Bn
Dec 31, 2021 1.96 Bn
Sep 30, 2021 1.88 Bn