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| 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 |