Retained earnings is the accumulated portion of net income that is not distributed to shareholders. LPL Financial Holdings's retained earnings for the quarter that ended in Mar. 2026 was $6,167 Mil.
LPL Financial Holdings's quarterly retained earnings
increased
from Sep. 2025 ($5,570 Mil) to Dec. 2025 ($5,835 Mil) and
increased
from Dec. 2025 ($5,835 Mil) to Mar. 2026 ($6,167 Mil).
LPL Financial Holdings's annual retained earnings
increased
from Dec. 2023 ($4,085 Mil) to Dec. 2024 ($5,067 Mil) and
increased
from Dec. 2024 ($5,067 Mil) to Dec. 2025 ($5,835 Mil).
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
LPL Financial Holdings Retained Earnings Historical Data
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The historical data trend for LPL Financial Holdings's Retained Earnings can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
LPL Financial Holdings (LPLA) has a Retained Earnings of $6,167 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on LPL Financial Holdings and its competitors.
Is LPL Financial Holdings' Retained Earnings too high?
LPL Financial Holdings' current Retained Earnings is $6,167 Mil. Overall, LPL Financial Holdings has a GF Score™ of 86/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does LPL Financial Holdings' Retained Earnings compare to TW and CRCL?
LPL Financial Holdings' Retained Earnings of $6,167 Mil can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Capital Markets company?
A good Retained Earnings depends on the Capital Markets industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on LPL Financial Holdings and its competitors. LPL Financial Holdings's current Retained Earnings is $6,167 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LPL Financial Holdings stock overvalued right now?
Based on GuruFocus' analysis, LPL Financial Holdings (LPLA) is currently considered Significantly Undervalued. The stock's GF Value™ is $465.78, compared to a current price of $316.86 — trading 32% below its estimated fair value. The current Retained Earnings is $6,167 Mil. LPL Financial Holdings' overall GF Score™ is 86/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For LPL Financial Holdings (LPLA), the current Retained Earnings is $6,167 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is LPL Financial Holdings (LPLA) Overvalued in 2026?
Based on GuruFocus' analysis, LPL Financial Holdings stock appears to be undervalued.
The current stock price of $316.86 is trading 32% below its estimated GF Value™ of $465.78.
GuruFocus considers LPL Financial Holdings to be Significantly Undervalued.
Key valuation signals for LPLA:
Retained Earnings: $6,167 Mil
GF Value™: $465.78 vs. price of $316.86 (32% below fair value)
No single metric tells the full story. See the LPLA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
LPL Financial is the largest US independent broker-dealer, with more than 32,000 financial advisors affiliated with its platform and roughly 11 million customer accounts at the end of 2025. The firm earns the bulk of its profit from interest income earned on client cash balances and from advisory fees and commissions tied to the $2.4 trillion in assets under management or advisory on its platform at year-end 2025. LPL specializes in providing turnkey wealth management services for affiliated independent advisors, but maintains a diverse array of affiliation modalities, running the gamut from more traditional employee models to a pure RIA custody approach. It earns tuck-in revenue from recordkeeping fees and the provision of software tools and services to its advisor base.
86GF Score
Get the complete analysis for LPLA
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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