LPL Financial (LPLA) vs Raymond James Financial (RJF)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
LPL Financial (LPLA) has outperformed Raymond James Financial (RJF) over the past year, gaining 0.9% versus a loss of 5.1%. Over five years, LPLA leads with a +88.3% price change compared with +56.9% for RJF. Raymond James Financial is the larger company by market cap ($30.47 billion vs $25.83 billion), about 1.2 times the size, while LPL Financial is growing revenue faster (+37.2% vs +6.6%).
On valuation, LPL Financial trades at a lower forward P/E (10.9x vs 11.1x for Raymond James Financial). Raymond James Financial offers the higher dividend yield (1.34% vs 0.37%). Raymond James Financial converts more of its revenue into profit, with a net margin of 13.4% versus 5.1%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | LPLA | RJF |
|---|---|---|
| Share price | $328.00 | $158.60 |
| Market cap | $25.83B | $30.47B |
| 1-day change | +0.99% | +0.86% |
| YTD return | -8.17% | -2.08% |
| 1-year return | +0.88% | -5.07% |
| 5-year return | +88.29% | +56.92% |
| P/E ratio (TTM) | 26.09 | 13.83 |
| Forward P/E | 10.93 | 11.12 |
| EPS (TTM) | $12.57 | $11.47 |
| Dividend yield | 0.37% | 1.34% |
| Annual dividend | $1.20 | $2.12 |
| Revenue (latest FY) | $16.99B | $15.91B |
| Revenue growth (YoY) | +37.18% | +6.63% |
| Net income (latest FY) | $863.02M | $2.13B |
| Net margin | 5.08% | 13.42% |
| 52-week high | $400.16 | $182.73 |
| 52-week low | $260.15 | $138.82 |
| Distance from 52-week high | -18.03% | -13.21% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +29.08% | +17.05% |
| Average volume | 726.51K | 1.20M |
| Shares outstanding | 78.74M | 192.10M |
| Employees | 10,081 | 19,500 |
| Sector | Finance | Financial Services |
| Industry | Investment Bankers/Brokers/Service | Asset Management |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- LPL Financial trades at a higher earnings multiple (26.1x vs 13.8x trailing P/E).
- Raymond James Financial is more profitable, keeping 13.4 cents of every revenue dollar as net income versus 5.1 cents for LPL Financial.
- LPL Financial grew revenue faster in its latest fiscal year (+37.18% vs +6.63%).
- The two companies sit in different sectors: LPL Financial in Finance and Raymond James Financial in Financial Services.
About LPL Financial
LPLA stock →LPL Financial Holdings Inc., together with its subsidiaries, provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at institutions in the United States. The company's brokerage offerings include variable and fixed annuities, mutual funds, equities, fixed income, alternative investments, retirement and 529 education savings plans, and insurance; and client cash programs consist of Federal Deposit Insurance Corporation (FDIC) insured bank sweep vehicles, and a client cash and money market account.
Finance · Investment Bankers/Brokers/Service · 10,081 employees
About Raymond James Financial
RJF stock →Raymond James Financial, Inc., a diversified financial services company, provides private client group, capital markets, asset management, banking, and other services to individuals, corporations, and municipalities in the United States, Canada, and Europe. The Private Client Group segment offers financial planning, investment advisory, securities transaction, investment services, portfolio management services, insurance and annuity products, and mutual funds; support to third-party mutual fund and annuity companies, including sales and marketing support, as well as distribution and accounting, and administrative services; margin loans; securities borrowing and lending services; and custodial, trade execution, research, and other support and services.
Financial Services · Asset Management · 19,500 employees
LPLA vs RJF FAQ
Which is bigger, LPL Financial or Raymond James Financial?
Raymond James Financial (RJF) is larger, with a market capitalization of $30.47B compared with $25.83B for LPL Financial (LPLA).
Which stock has performed better over the past year, LPLA or RJF?
LPLA returned +0.88% over the past 12 months, compared with -5.07% for RJF (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, LPLA or RJF?
RJF has the lower trailing P/E at 13.8, versus 26.1 for LPLA. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, LPL Financial or Raymond James Financial?
Raymond James Financial has the higher yield at 1.34%, compared with 0.37% for LPL Financial.
Are LPL Financial and Raymond James Financial in the same industry?
No. LPL Financial is in the Finance sector, while Raymond James Financial is in Financial Services.