LPL Financial Holdings (LPLA) Operating Expenses (2010 - 2026)
LPL Financial Holdings (LPLA) posted quarterly Operating Expenses of $4.7 billion for Q2 2026, up 34.76% year-over-year from $3.5 billion in Q2 2025, and up 4.88% on a QoQ basis from $4.5 billion in Q1 2026.
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.
- Operating Expenses for Q2 2026 came in at $4.7 billion, up 34.76% year-over-year; the trailing twelve-month figure through Jun 2026 was $18.2 billion (up 44.22% YoY), and the FY2025 annual result was $15.8 billion, up 44.1% from the prior year.
- Operating Expenses advanced to $4.7 billion in Q2 2026, from $4.5 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $4.7 billion in Q2 2026 and troughed at $1.8 billion in Q2 2022.
- A 5-year average of $2.9 billion and a median of $2.5 billion in 2024 frame the typical range for Operating Expenses.
- The widest annual swing landed in 2022, when Operating Expenses retreated 2.23%; it then soared 66.1% in 2025.
- A 5-year view of Operating Expenses shows it stood at $1.9 billion in 2022, then grew by 22.78% to $2.4 billion in 2023, then soared by 34.94% to $3.2 billion in 2024, then surged by 43.01% to $4.5 billion in 2025, then climbed by 3.0% to $4.7 billion in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $4.7 billion in Q2 2026, $4.5 billion in Q1 2026, and $4.5 billion in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 338.83 Bn | 205.30 Bn | - | 13.90 Bn |
| 2 | Goldman Sachs | 316.34 Bn | -660.01 Bn | - | 11.67 Bn |
| 3 | Schwab Charles | 220.55 Bn | 135.80 Bn | - | 3.29 Bn |
| 4 | Futu Holdings | 121.48 Bn | 105.59 Bn | 733.58 Mn | -200.78 Mn |
| 5 | Robinhood Markets | 84.07 Bn | 66.74 Bn | 1.20 Bn | 734.00 Mn |
| 6 | Iren | 68.17 Bn | 65.95 Bn | 104.86 Mn | 81.75 Mn |
| 7 | ATIF Holdings | 45.42 Bn | 45.42 Bn | - | - |
| 8 | Interactive Brokers | 39.54 Bn | -3.28 Bn | - | 381.00 Mn |
| 9 | LPL Financial Holdings | 28.27 Bn | 25.57 Bn | - | 4.67 Bn |
| 10 | Tradeweb Markets | 23.53 Bn | 22.17 Bn | - | 313.68 Mn |
Historic Data
Download 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 |