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| 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 |