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

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

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

LPL Financial Holdings' Operating Expenses history runs 17 years deep, the most recent figure standing at $4.5 billion for 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 was $4.5 billion for Q1 2026 at LPL Financial Holdings, down from $4.5 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $4.6 billion in Q3 2025 to a low of $1.8 billion in Q2 2022.
  • Historically, Operating Expenses has averaged $2.8 billion across 5 years, with a median of $2.5 billion in 2024.
  • The sharpest annual moves came in 2022 and 2025: Operating Expenses dropped 2.23% in 2022, then soared 66.1% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $1.9 billion in 2022, then increased 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 slipped 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 SOL Strategies 94,425.84 Bn 94,425.84 Bn - 386,258.80
2 Morgan Stanley 349.82 Bn 216.29 Bn - 13.47 Bn
3 Goldman Sachs 333.85 Bn -603.70 Bn - 10.43 Bn
4 Schwab Charles 160.31 Bn 115.33 Bn - 3.29 Bn
5 Robinhood Markets 97.28 Bn 92.64 Bn 960.00 Mn 656.00 Mn
6 Interactive Brokers 42.79 Bn 53.38 Bn - 381.00 Mn
7 LPL Financial Holdings 23.54 Bn 22.51 Bn - 4.45 Bn
8 Tradeweb Markets 21.20 Bn 19.96 Bn - 330.51 Mn
9 Iren 19.97 Bn 17.75 Bn 144.76 Mn 81.75 Mn
10 Circle Internet 19.67 Bn 18.16 Bn 35.01 Mn 242.35 Mn

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