VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

NO ADVICE

Stock Comparison

Adyen N.V. vs LPL Financial Holdings Inc.

Compare moat strength, market structure, and segment coverage to understand how each company defends its edge.

Adyen N.V.

ADYEN · Euronext Amsterdam

Market cap (USD)$31.6B
Gross margin (TTM)69.8%
Operating margin (TTM)58.6%
Net margin (TTM)43.8%
SectorFinancials
IndustrySoftware - Infrastructure
CountryNL
Data as of2025-12-28
Moat score
63/ 100

Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.

Full stock profile

Dive deeper into Adyen N.V.'s moat claims, evidence, and risks.

View ADYEN analysis

LPL Financial Holdings Inc.

LPLA · Nasdaq

Market cap (USD)$25.5B
Gross margin (TTM)23.7%
Operating margin (TTM)9.6%
Net margin (TTM)5.1%
SectorFinancials
IndustryFinancial - Capital Markets
CountryUS
Data as of2025-12-26
Moat score
79/ 100

Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.

Full stock profile

Dive deeper into LPL Financial Holdings Inc.'s moat claims, evidence, and risks.

View LPLA analysis

Comparison highlights

  • Moat score gap: LPL Financial Holdings Inc. leads (79 / 100 vs 63 / 100 for Adyen N.V.).
  • Segment focus: Adyen N.V. has 3 segments (58.4% in Digital); LPL Financial Holdings Inc. has 1 segment (100% in Advisor Platform).
  • Moat breadth: Adyen N.V. has 6 moat types across 4 domains; LPL Financial Holdings Inc. has 6 across 4.

Primary market context

Adyen N.V.

Digital

Market

Enterprise payment processing and acquiring for online/digital commerce

Geography

Global

Customer

Enterprise merchants and digital-native businesses

Role

PSP / gateway + processor + (direct or indirect) acquiring enablement

Revenue share

58.4%

LPL Financial Holdings Inc.

Advisor Platform

Market

Advisor-mediated wealth management platform (independent broker-dealer + RIA custody/clearing)

Geography

United States

Customer

Financial advisors and financial institutions

Role

Platform / broker-dealer / custodian

Revenue share

100%

Side-by-side metrics

Adyen N.V.
LPL Financial Holdings Inc.
Ticker / Exchange
ADYEN - Euronext Amsterdam
LPLA - Nasdaq
Market cap (USD)
$31.6B
$25.5B
Gross margin (TTM)
69.8%
23.7%
Operating margin (TTM)
58.6%
9.6%
Net margin (TTM)
43.8%
5.1%
Sector
Financials
Financials
Industry
Software - Infrastructure
Financial - Capital Markets
HQ country
NL
US
Primary segment
Digital
Advisor Platform
Market structure
Oligopoly
Oligopoly
Market share
n/a
23%-25% (reported)
HHI estimate
n/a
n/a
Pricing power
Moderate
Moderate
Moat score
63 / 100
79 / 100
Moat domains
Network, Demand, Legal, Supply
Supply, Demand, Legal, Network
Last update
2025-12-28
2025-12-26

Moat coverage

Shared moat types

Compliance AdvantageSuite BundlingOperational ExcellenceSwitching Costs General

Adyen N.V. strengths

Data Network EffectsData Workflow Lockin

LPL Financial Holdings Inc. strengths

Scale Economies Unit CostTwo Sided Network

Segment mix

Adyen N.V. segments

Full profile >

Digital

Oligopoly

58.4%

Unified Commerce

Competitive

30.6%

Platforms

Oligopoly

11%

LPL Financial Holdings Inc. segments

Full profile >

Advisor Platform

Oligopoly

100%

Want the full wide moat stocks list?

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Curation & Accuracy

This directory blends AI‑assisted discovery with human curation. Entries are reviewed, edited, and organized with the goal of expanding coverage and sharpening quality over time. Your feedback helps steer improvements (because no single human can capture everything all at once).

Details change. Pricing, features, and availability may be incomplete or out of date. Treat listings as a starting point and verify on the provider’s site before making decisions. If you spot an error or a gap, send a quick note and I’ll adjust.