LPL Financial Holdings Inc.
For the period ended Dec 31, 2025. Filed Feb 23, 2026.
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FY2025 · Filed Feb 23, 2026
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Contractual Obligations
The following table provides information with respect to our commitments and obligations as of December 31, 2025 (in thousands):
| Payments Due by Period | |||||
|---|---|---|---|---|---|
| Total | < 1 Year | 1-3 Years | 3-5 Years | > 5 Years | |
| Operating leases(1) | $248,827 | $48,174 | $96,767 | $46,869 | $57,017 |
| Financing obligations(1) | 108,433 | 1,540 | 3,929 | 5,210 | 97,754 |
| Purchase obligations(2) | 197,864 | 93,277 | 89,671 | 14,916 | — |
| Corporate debt and other borrowings, net(3) | 7,299,000 | — | 3,170,000 | 2,229,000 | 1,900,000 |
| Interest payments(4) | 1,769,393 | 383,444 | 689,843 | 325,856 | 370,250 |
| Commitment and other fees(5) | 23,118 | 7,367 | 13,219 | 2,532 | — |
| Total contractual cash obligations | $9,646,635 | $533,802 | $4,063,429 | $2,624,383 | $2,425,021 |
(1)Represents future payments under operating leases or financing obligations liabilities, respectively. See Note 12 -Leases, within the notes to the consolidated financial statements for further detail.
(2)Includes future minimum payments under service, development and agency contracts and other contractual obligations. See Note 14 -Commitments and Contingencies, within the notes to the consolidated financial statements for further detail on obligations under non-cancelable service contracts.
(3)Represents principal payments on our corporate debt and other borrowings. See Note 11 -Corporate Debt and Other Borrowings, Net, within the notes to the consolidated financial statements for further detail.
(4)Represents interest payments under our Credit Agreement, which include a variable interest payment for our senior unsecured credit facilities and a fixed interest payment for our senior unsecured notes. Variable interest payments assume the applicable interest rates at December 31, 2025 remain unchanged. See Note 11 -Corporate Debt and Other Borrowings, Net, within the notes to the consolidated financial statements for further detail.
(5)Represents commitment fees for unused borrowings on the revolving credit facility under our Credit Agreement. See Note 11 -Corporate Debt and Other Borrowings, Net, within the notes to the consolidated financial statements for further detail.
As of December 31, 2025, we have a liability for unrecognized tax benefits of $52.8 million, which we have included in other liabilities in the consolidated statements of financial condition. This amount has been excluded from the contractual obligations table because we are unable to reasonably predict the ultimate amount or timing of future tax payments.
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