LPL Financial (LPLA) vs Tradeweb Markets (TW)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.
Summary
LPL Financial (LPLA) has outperformed Tradeweb Markets (TW) over the past year, gaining 3.1% versus a gain of 2.7%. Over five years, LPLA leads with a +89.6% price change compared with +28.7% for TW. LPL Financial is the larger company by market cap ($25.58 billion vs $23.20 billion), about 1.1 times the size.
On valuation, LPL Financial trades at a lower forward P/E (10.8x vs 23.2x for Tradeweb Markets). Tradeweb Markets offers the higher dividend yield (0.48% vs 0.37%). Tradeweb Markets converts more of its revenue into profit, with a net margin of 39.6% 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 | TW |
|---|---|---|
| Share price | $324.80 | $107.40 |
| Market cap | $25.58B | $23.20B |
| 1-day change | -2.28% | -0.13% |
| YTD return | -8.41% | -0.12% |
| 1-year return | +3.09% | +2.70% |
| 5-year return | +89.63% | +28.67% |
| P/E ratio (TTM) | 25.84 | 25.69 |
| Forward P/E | 10.82 | 23.21 |
| EPS (TTM) | $12.57 | $4.18 |
| Dividend yield | 0.37% | 0.48% |
| Annual dividend | $1.20 | $0.52 |
| Revenue (latest FY) | $16.99B | $2.05B |
| Revenue growth (YoY) | +37.18% | +18.92% |
| Net income (latest FY) | $863.02M | $812.79M |
| Operating margin | — | 40.70% |
| Net margin | 5.08% | 39.60% |
| 52-week high | $400.16 | $127.69 |
| 52-week low | $260.15 | $91.42 |
| Distance from 52-week high | -18.83% | -15.89% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +30.35% | +15.02% |
| Average volume | 721.85K | 1.42M |
| Shares outstanding | 78.74M | 114.04M |
| Employees | 10,081 | 1,613 |
| Sector | Financial Services | Financial Services |
| Industry | Capital Markets | Capital Markets |
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
- Tradeweb Markets is more profitable, keeping 39.6 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 +18.92%).
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.
Financial Services · Capital Markets · 10,081 employees
About Tradeweb Markets
TW stock →Tradeweb Markets Inc. builds and operates electronic marketplaces in the United States and internationally.
Financial Services · Capital Markets · 1,613 employees
LPLA vs TW FAQ
Which is bigger, LPL Financial or Tradeweb Markets?
LPL Financial (LPLA) is larger, with a market capitalization of $25.58B compared with $23.20B for Tradeweb Markets (TW).
Which stock has performed better over the past year, LPLA or TW?
LPLA returned +3.09% over the past 12 months, compared with +2.70% for TW (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, LPLA or TW?
TW has the lower trailing P/E at 25.7, versus 25.8 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 Tradeweb Markets?
Tradeweb Markets has the higher yield at 0.48%, compared with 0.37% for LPL Financial.
Are LPL Financial and Tradeweb Markets in the same industry?
Yes. Both are classified in the Capital Markets industry within the Financial Services sector.