LPL Financial Holdings (LPLA) Operating Expenses (2010 - 2026)
LPL Financial Holdings' quarterly Operating Expenses came in at $4.5 billion in Q1 2026, up 36.93% year-on-year from $3.3 billion in Q1 2025, and down 1.79% quarter-over-quarter from $4.5 billion in Q4 2025.
LPL Financial Holdings has reported Operating Expenses for 17 years, with the latest figure at $4.5 billion in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 36.93% year-over-year to $4.5 billion; the trailing twelve-month figure through Mar 2026 stood at $17.0 billion (up 44.58% YoY), and the FY2025 full-year result was $15.8 billion, up 44.1% from the prior year.
- Operating Expenses for Q1 2026 stood at $4.5 billion, down from $4.5 billion in the prior quarter.
- The five-year high for Operating Expenses was $4.6 billion in Q3 2025, with the low at $1.8 billion in Q2 2022.
- Average Operating Expenses over 5 years is $2.8 billion, with a median of $2.5 billion recorded in 2024.
- Year-over-year, Operating Expenses fell 2.23% in 2022 and surged 66.1% in 2025.
- Tracing LPLA's Operating Expenses over 5 years: stood at $1.9 billion in 2022, then rose by 22.78% to $2.4 billion in 2023, then surged by 34.94% to $3.2 billion in 2024, then jumped by 43.01% to $4.5 billion in 2025, then dropped by 1.79% to $4.5 billion in 2026.
- The last three Operating Expenses figures came in at $4.5 billion (Q1 2026), $4.5 billion (Q4 2025), and $4.6 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.71 Bn | 197.18 Bn | - | 13.47 Bn |
| 2 | Goldman Sachs | 318.59 Bn | -618.96 Bn | - | 10.43 Bn |
| 3 | Schwab Charles | 154.74 Bn | 109.76 Bn | - | 3.29 Bn |
| 4 | Robinhood Markets | 81.79 Bn | 77.15 Bn | 960.00 Mn | 656.00 Mn |
| 5 | Interactive Brokers | 39.54 Bn | 50.13 Bn | - | 381.00 Mn |
| 6 | Circle Internet | 25.60 Bn | 24.08 Bn | 35.01 Mn | 242.35 Mn |
| 7 | LPL Financial Holdings | 22.12 Bn | 21.10 Bn | - | 4.45 Bn |
| 8 | Iren | 21.58 Bn | 19.37 Bn | 144.76 Mn | 81.75 Mn |
| 9 | Tradeweb Markets | 21.29 Bn | 20.04 Bn | - | 330.51 Mn |
| 10 | Hut 8 | 14.71 Bn | 14.86 Bn | 45.47 Mn | 417.92 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 1.74 Bn |
| Mar 31, 2021 | 1.54 Bn |
| Dec 31, 2020 | 1.52 Bn |
| Sep 30, 2020 | 1.30 Bn |
| Jun 30, 2020 | 1.20 Bn |
| Mar 31, 2020 | 1.23 Bn |
| Dec 31, 2019 | 1.38 Bn |
| Sep 30, 2019 | 1.21 Bn |
| Jun 30, 2019 | 1.16 Bn |
| Mar 31, 2019 | 1.14 Bn |
| Dec 31, 2018 | 1.12 Bn |
| Sep 30, 2018 | 1.15 Bn |
| Jun 30, 2018 | 1.10 Bn |
| Mar 31, 2018 | 1.09 Bn |
| Dec 31, 2017 | 1.01 Bn |
| Sep 30, 2017 | 939.68 Mn |
| Jun 30, 2017 | 926.47 Mn |
| Mar 31, 2017 | 913.67 Mn |
| Dec 31, 2016 | 917.62 Mn |
| Sep 30, 2016 | 925.33 Mn |
| Jun 30, 2016 | 915.63 Mn |
| Mar 31, 2016 | 896.82 Mn |
| Dec 31, 2015 | 956.78 Mn |
| Sep 30, 2015 | 972.57 Mn |
| Jun 30, 2015 | 993.41 Mn |
| Mar 31, 2015 | 1.01 Bn |
| Dec 31, 2014 | 1.01 Bn |
| Sep 30, 2014 | 1.03 Bn |
| Jun 30, 2014 | 1.02 Bn |
| Mar 31, 2014 | 999.88 Mn |
| Dec 31, 2013 | 1.02 Bn |
| Sep 30, 2013 | 991.91 Mn |
| Jun 30, 2013 | 923.39 Mn |
| Mar 31, 2013 | 872.09 Mn |
| Dec 31, 2012 | 882.06 Mn |
| Sep 30, 2012 | 852.99 Mn |
| Jun 30, 2012 | 840.54 Mn |
| Mar 31, 2012 | 802.35 Mn |
| Dec 31, 2011 | 765.07 Mn |
| Sep 30, 2011 | 804.19 Mn |
| Jun 30, 2011 | 818.52 Mn |
| Mar 31, 2011 | 792.31 Mn |
| Dec 31, 2010 | 1.12 Bn |
| Sep 30, 2010 | 694.44 Mn |
| Jun 30, 2010 | 715.87 Mn |