LPL Financial Holdings (LPLA) Operating Expenses (2010 - 2026)
LPL Financial Holdings (LPLA) posted Operating Expenses of $4.7 billion for Q2 2026, up 4.88% on a QoQ basis from $4.5 billion in Q1 2026, and up 34.76% year-over-year from $3.5 billion in Q2 2025.
Analysis
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.
- On a quarterly basis, Operating Expenses rose 34.76% year-over-year to $4.7 billion in Q2 2026; TTM through Jun 2026 was $18.2 billion, a 44.22% increase from a year earlier, with the FY2025 full-year figure at $15.8 billion, up 44.1% from the prior year.
- Operating Expenses was $4.7 billion for Q2 2026 at LPL Financial Holdings, up from $4.5 billion in the prior quarter.
- The five-year high for Operating Expenses was $4.7 billion in Q2 2026, with the low at $1.8 billion in Q2 2022.
- Average Operating Expenses over 5 years is $2.9 billion, with a median of $2.5 billion recorded in 2024.
- The sharpest annual moves came in 2022 and 2025: Operating Expenses declined 2.23% in 2022, then jumped 66.1% in 2025.
- Over 5 years, Operating Expenses 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 increased by 3.0% to $4.7 billion in 2026.
- The last three Operating Expenses figures came in at $4.7 billion (Q2 2026), $4.5 billion (Q1 2026), and $4.5 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Robinhood Markets | 101.20 Bn | 83.88 Bn | 1.20 Bn | 734.00 Mn |
| 2 | Interactive Brokers | 41.17 Bn | -6.79 Bn | - | 440.00 Mn |
| 3 | LPL Financial Holdings | 27.86 Bn | 25.16 Bn | - | 4.67 Bn |
| 4 | Futu Holdings | 15.80 Bn | -3.84 Bn | 792.50 Mn | -223.32 Mn |
| 5 | UP Fintech Holding | 12.81 Bn | 12.81 Bn | - | -103.94 Mn |
| 6 | Xp | 10.32 Bn | 5.47 Bn | 105.39 Mn | -336.56 Mn |
| 7 | Webull | 4.83 Bn | 2.90 Bn | 85.87 Mn | 153.38 Mn |
| 8 | eToro | 2.53 Bn | 1.57 Bn | 63.50 Mn | 93.85 Mn |
| 9 | Solowin Holdings | 402.47 Mn | 383.36 Mn | - | - |
| 10 | TOP Financial | 127.44 Mn | 82.47 Mn | - | 1.46 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |