LPL Financial Holdings Inc. (NYSE:LPL) Quarterly Earnings Preview and Asset Growth Analysis

Core Insights - LPL Financial Holdings Inc. is set to report quarterly earnings on November 27, 2025, with an expected EPS of $0.07 and revenue of approximately $4.99 billion [1][6] Asset Growth - In October 2025, LPL Financial reported a total of $2.35 trillion in brokerage and advisory assets, reflecting a 1.6% increase from the previous month and a 40.5% increase year over year [2] - Brokerage assets reached $976.8 billion, marking a 1% increase from September and a 28.1% rise compared to the same period last year [2] - Advisory assets grew to $1.37 trillion, up 2% from the previous month and an impressive 50.9% from October 2024 [2] - The company recorded $7.3 billion in organic net new assets for October, including $0.7 billion from First Horizon Bank [3] - Total advisory and brokerage assets increased by $36.6 billion, or 1.6%, from the previous month [3] Financial Challenges - LPL Financial faces financial challenges, indicated by a negative price-to-earnings (P/E) ratio of approximately -18.77, suggesting current losses [4][6] - The price-to-sales ratio is 0.24, indicating the market values its sales at about 24 cents for every dollar of sales [4] - The enterprise value to sales ratio is 0.69, reflecting its valuation in relation to sales [4] - The enterprise value to operating cash flow ratio is 8.20, indicating how many times the operating cash flow can cover the enterprise value [5] - The earnings yield is -5.33%, another indicator of unprofitability [5] - The debt-to-equity ratio is 2.00, showing twice as much debt as equity [5] - The current ratio is 0.70, suggesting potential challenges in covering short-term liabilities with short-term assets [5]