Investor Presentaiton

Reconciliation Gross Profit* Gross profit* is a non-GAAP financial measure. Please see a description of gross profit under "Non-GAAP Financial Measures" on page 3 of this presentation for additional information. Below is a calculation of gross profit* for the periods presented herein: $ in millions Total revenue Advisory and commission expense Brokerage, clearing and exchange expense Employee deferred compensation (21) Gross Profit Net Income to EBITDA* and Credit Agreement EBITDA* Q1'23 LTM $8,953 2022 $8,601 5,322 89 1 5,325 86 2021 $7,721 5,180 86 2020 $5,872 3,697 71 2019 $5,625 3,388 64 2018 $5,188 3,178 63 $3,541 $3,190 $2,455 $2,103 $2,172 $1,948 EBITDA* and Credit Agreement EBITDA* are non-GAAP financial measures. Please see a description of EBITDA* and Credit Agreement EBITDA* under "Non-GAAP Financial Measures" on page 3 of this presentation for additional information. Below are reconciliations of the Company's net income to EBITDA* and Credit Agreement EBITDA* for the periods presented herein: $ in millions Q1'23 LTM 2022 2021 2020 2019 2018 Net income $1,051 $846 $460 $473 $560 $439 Interest expense on borrowings 138 126 104 106 130 125 Provision for income taxes 332 266 141 153 182 153 Depreciation and amortization 210 200 151 110 96 88 Amortization of other intangibles 91 88 79 67 65 60 EBITDA $1,822 $1,525 $936 $909 $1,033 $866 Credit Agreement adjustments 142 114 214 52 48 103 Credit Agreement EBITDA $1,964 $1,639 $1,151 $961 $1,081 $969 Total debt 2,870 2,738 2,839 2,359 2,415 2,381 Total corporate cash 234 459 Credit Agreement Net Debt $2,636 Leverage Ratio 1.34x $2,279 1.39x 237 $2,602 2.26x 280 $2,079 2.16x 204 300 $2,211 2.05x $2,081 2.15x Note: Totals may not foot due to rounding LPL Financial Member FINRA/SIPC 34

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