LPL Financial Holdings vs Charles Schwab
Charles Schwab is the larger business, with $23.92bn of revenue in fiscal 2025 against $16.99bn for LPL Financial Holdings (1.4 times as much). LPL Financial Holdings grew faster (37.2% against 22.0%). Charles Schwab kept more of each dollar of sales as profit: a net margin of 37.0% against 5.1%.
| Latest fiscal year | LPL Financial HoldingsLPLA, 2025 | Charles SchwabSCHW, 2025 |
|---|---|---|
| Revenue | $16.99bn | $23.92bn |
| Revenue growth | 37.2% | 22.0% |
| Net income | $863m | $8.85bn |
| Operating margin | — | — |
| Net margin | 5.1% | 37.0% |
| Return on equity | 20.9% | 18.1% |
| Free cash flow | −$982m | $8.76bn |
| Cash | $1.04bn | $46.03bn |
| Total debt | $7.30bn | $29.11bn |
| Debt to equity | — | — |
| Dividend per share | $1.20 | $1.08 |
| Dividend yield | 0.4% | 1.6% |
| Share buybacks | $100m | $7.35bn |
| Employees | 10,000 | — |
| Market value | $23.55bn | $154.77bn |
| Price vs our value range | — | — |
| Moat score | 75 (Strong) | 77 (Strong) |
| Insider trades, 12 months | 0 buys, 48 sales | 1 buys, 91 sales |