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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. 2024 was $4,354 Mil.
LPL Financial Holdings's quarterly retained earnings increased from Sep. 2023 ($3,887 Mil) to Dec. 2023 ($4,085 Mil) and increased from Dec. 2023 ($4,085 Mil) to Mar. 2024 ($4,354 Mil).
LPL Financial Holdings's annual retained earnings increased from Dec. 2021 ($2,328 Mil) to Dec. 2022 ($3,101 Mil) and increased from Dec. 2022 ($3,101 Mil) to Dec. 2023 ($4,085 Mil).
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.
LPL Financial Holdings Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Retained Earnings | Get a 7-Day Free Trial | 1,554.57 | 1,943.02 | 2,327.60 | 3,101.07 | 4,085.11 |
LPL Financial Holdings Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Retained Earnings | Get a 7-Day Free Trial | 3,418.53 | 3,683.47 | 3,887.23 | 4,085.11 | 4,354.14 |
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 (NAS:LPLA) Retained Earnings Explanation
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.
Sallie R. Larsen | officer: MD, Chief Human Cap. Officer | ONE BEACON STREET, 22ND FLOOR, BOSTON MA 02018 |
Aneri Jambusaria | officer: Managing Director | C/O LPL FINANCIAL HOLDINGS INC., 4707 EXECUTIVE DRIVE, SAN DIEGO CA 92121 |
Dan H. Arnold | officer: MD & Division President, FIS | C/O LPL INVESTMENT HOLDINGS INC., ONE BEACON STREET, BOSTON MA 02108 |
Richard Steinmeier | officer: Managing Director | C/O LPL FINANCIAL HOLDINGS, INC., 75 STATE STREET, 22ND FLOOR, BOSTON MA 02109 |
Althea Brown | officer: Managing Director | C/O LPL FINANCIAL HOLDINGS INC., 4707 EXECUTIVE DRIVE, SAN DIEGO CA 92121 |
Matthew Enyedi | officer: Managing Director | C/O LPL FINANCIAL HOLDINGS, INC., 75 STATE STREET, 22ND FLOOR, BOSTON MA 02109 |
Glavin William Francis Jr | director | 6803 SOUTH TUCSON WAY, CENTENNIAL CO 80112 |
Richard P Schifter | director | 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102 |
Michelle Oroschakoff | officer: MD, Chief Risk Officer | 75 STATE STREET, 24TH FLOOR, BOSTON MA 02109 |
Matthew J Audette | officer: Chief Financial Officer | C/O DAVIS POLK & WARDWELL, 450 LEXINGTON AVENUE, NEW YORK NY 10017 |
Albert J Ko | director | C/O LPL FINANCIAL HOLDINGS INC., 4707 EXECUTIVE DRIVE, SAN DIEGO CA 92121 |
Brent Simonich | officer: EVP, CAO and Treasurer | C/O E*TRADE FINANCIAL CORP., 11 TIMES SQUARE, 32ND FLOOR, NEW YORK NY 10036-9992 |
Kabir Sethi | officer: Managing Director | C/O LPL FINANCIAL, 4707 EXECUTIVE DRIVE, SAN DIEGO CA 92121 |
Edward Fandrey | officer: Managing Director | C/O LPL FINANCIAL, 4707 EXECUTIVE DRIVE, SAN DIEGO CA 92121 |
George Burton White | officer: MD, Chief Investment Officer | ONE BEACON STREET, 22ND FLOOR, BOSTON MA 02108 |
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