Filing Flows › LPL Financial Holdings (LPLA) › Q1 2025
LPL Financial Holdings (LPLA) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
LPL Financial Holdings (LPLA) reported revenue of $3.7B for the first quarter 2025 (Q1 2025), +30% from a year earlier and +4% from the quarter before. Operating margin was 11.4%, net earnings $319M (8.7% of revenue).
LPL Financial Holdings, Q1 2025: revenue $3.7B (+30% year over year), operating margin 11.4%, net earnings $319M, operating cash flow $340M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.7B | +4% | +30% |
| Operating profit | $417M | +22% | +12% |
| Net earnings | $319M | +18% | +10% |
| Operating cash flow | $340M | — | -20% |
| Free cash flow | $220M | — | -28% |
What changed
Revenue was $3.7B in Q1 2025, up 30% year over year and up 4% from the previous quarter.
Operating profit was $0.42B, a 11.4% margin (down 1.8 points year over year). Of the extra revenue versus a year earlier, 5% reached operating profit, below the 13% margin then. Total costs grew 32% against revenue growth of 30%. Net earnings were $0.32B, up 10% year over year. The effective tax rate was 23.6%.
Operating cash flow was $0.34B (down 20% year over year), 107% of net earnings. Non-cash charges added back $0.09B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.09B. Capital expenditures of $0.12B left free cash flow of $0.22B.
Questions
What was LPL Financial Holdings' revenue in the first quarter 2025?
LPL Financial Holdings (LPLA) reported revenue of $3.7B for the first quarter 2025 (Q1 2025), +30% from a year earlier and +4% from the quarter before.
Was LPL Financial Holdings profitable in the first quarter 2025?
Operating profit was $417M (11.4% of revenue) and net earnings $319M.