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Corporate Debt and Other Borrowings, Net (Tables)
 12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Outstanding borrowings
The Company’s outstanding corporate debt and other borrowings, net were as follows (in thousands):
December 31, 2025December 31, 2024
Corporate Debt 
Balance		Applicable
Margin		Interest Rate 
Balance		Applicable
Margin		Interest rateMaturity
Term Loan A(1)
$1,020,000 
SOFR+125 bps
4.984 %$1,020,000 
SOFR+147.5 bps
6.000 %12/5/2028
2027 Senior Notes(1)
500,000 
Fixed Rate
5.700 %500,000 Fixed Rate5.700 %5/20/2027
2027 Senior Notes(1)
400,000 Fixed Rate4.625 %400,000 Fixed Rate4.625 %11/15/2027
2028 Senior Notes(1)
500,000 Fixed Rate4.900 %— Fixed Rate— %4/3/2028
2028 Senior Notes(1)
750,000 
Fixed Rate
6.750 %750,000 
Fixed Rate
6.750 %11/17/2028
2029 Senior Notes(1)
900,000 Fixed Rate4.000 %900,000 Fixed Rate4.000 %3/15/2029
2030 Senior Notes(1)
750,000 Fixed Rate5.200 %— Fixed Rate— %3/15/2030
2030 Senior Notes(1)
500,000 Fixed Rate5.150 %— Fixed Rate— %6/15/2030
2031 Senior Notes(1)
400,000 Fixed Rate4.375 %400,000 Fixed Rate4.375 %5/15/2031
2034 Senior Notes(1)
500,000 Fixed Rate6.000 %500,000 Fixed Rate6.000 %5/20/2034
2035 Senior Notes(1)
500,000 Fixed Rate5.650 %— Fixed Rate— %3/15/2035
2035 Senior Notes(1)
500,000 Fixed Rate5.750 %— Fixed Rate— %6/15/2035
Total Corporate Debt7,220,000 4,470,000 
Less: Unamortized Debt Issuance Cost(40,306)(22,276)
Corporate debt, net$7,179,694 $4,447,724 
Other Borrowings
Revolving Credit Facility
79,000 
ABR+37.5 bps / SOFR+147.5 bps
5.634 %1,047,000 
ABR+37.5 bps / SOFR+147.5 bps
6.007 %5/20/2029
Total other borrowings$79,000 $1,047,000 
Corporate Debt and Other Borrowings, Net$7,258,694 $5,494,724 
_______________________________
(1)No leverage or interest coverage maintenance covenants.

The minimum calendar year payments and maturities of the corporate debt and other borrowings as of December 31, 2025 were as follows (in thousands):
2026$— 
2027900,000 
20282,270,000 
2029979,000 
20301,250,000 
Thereafter1,900,000 
Total$7,299,000 
The following table presents amounts outstanding and available under the Company’s external lines of credit at December 31, 2025 (in millions):
DescriptionBorrowerMaturity DateOutstandingAvailable
Senior unsecured, revolving credit facility
LPL Holdings, Inc.May 2029$79 $2,170 
Broker-dealer revolving credit facilityLPL Financial LLCMay 2026$— $1,000 
Unsecured, uncommitted lines of creditLPL Financial LLC
None
$— $75 
Unsecured, uncommitted lines of creditLPL Financial LLCSeptember 2026$— $50 
Secured, uncommitted lines of creditLPL Financial LLCMarch 2028$— $75 
Secured, uncommitted lines of creditLPL Financial LLCNone$— unspecified
Secured, uncommitted lines of creditLPL Financial LLCNone$— unspecified