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

LPL Financial Holdings (LPLA) posted quarterly Operating Expenses of $4.5 billion for Q1 2026, up 36.93% year-over-year from $3.3 billion in Q1 2025, and down 1.79% on a QoQ basis from $4.5 billion in Q4 2025.

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

LPL Financial Holdings (LPLA) has reported Operating Expenses for 17 consecutive years, with $4.5 billion the latest figure, recorded in Q1 2026.

  • In Q1 2026, Operating Expenses rose 36.93% year-over-year to $4.5 billion; the TTM figure through Mar 2026 stood at $17.0 billion (up 44.58% YoY), while the FY2025 annual figure was $15.8 billion, up 44.1% from the prior year.
  • Operating Expenses came in at $4.5 billion for Q1 2026 at LPL Financial Holdings, 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.
  • Across the five-year window, Operating Expenses retreated 2.23% in 2022 and soared 66.1% in 2025, its largest moves.
  • Year by year, Operating Expenses stood at $1.9 billion in 2022, then advanced by 22.78% to $2.4 billion in 2023, then jumped by 34.94% to $3.2 billion in 2024, then soared by 43.01% to $4.5 billion in 2025, then fell by 1.79% to $4.5 billion in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $4.5 billion, $4.5 billion, and $4.6 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - 13.47 Bn
2 Goldman Sachs 309.79 Bn -627.76 Bn - 10.43 Bn
3 Schwab Charles 167.21 Bn 122.24 Bn - 3.29 Bn
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn -200.78 Mn
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 656.00 Mn
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - 4.45 Bn
7 Tradeweb Markets 21.59 Bn 20.34 Bn - 330.51 Mn
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn 242.35 Mn
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn 81.75 Mn
10 Evercore 13.30 Bn 11.58 Bn 1.38 Bn 1.06 Bn

Historic Data

Download Data
DateValue
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