LPL Financial vs Virtu Financial
LPL Financial reported revenue of $17.0 billion in fiscal 2025, 4.7 times Virtu Financial's $3.6 billion in fiscal 2025. LPL Financial's revenue grew 37.2% in its latest year, and Virtu Financial's grew 26.2%. Free cash flow was −$982 million at LPL Financial and $496 million at Virtu Financial.
Side by side
| LPL Financial | Virtu Financial | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $17.0B | $3.6B |
| Revenue growth | 37.2% | 26.2% |
| Revenue growth a year, last 5 years | 23.7% | 2.3% |
| Gross margin | — | — |
| Operating margin | — | — |
| Net margin | 5.1% | 12.9% |
| Free cash flow | −$982M | $496M |
| Free cash flow margin | −5.8% | 13.6% |
| Return on capital | 12.3% | 37.9% |
| Net debt to EBITDA | 3.1x | 0.8x |
| Dividends and buybacks | $194M | $2M |
| Change in diluted share count | 4.8% | −2.9% |
| Last close | $317.23 | $55.90 |
| P/E at the last close | 25.2× | 9.3× |
| Insider trades, last 12 months | sold $7.7 million | sold $15.0 million |
| Piotroski F-score | — | — |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
LPL FinancialVirtu Financial
Operating margin
Percent of revenue
LPL FinancialVirtu Financial
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
LPL FinancialVirtu Financial
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the LPL Financial and Virtu Financial pages.