VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

Stock Comparison

American Express Company vs LPL Financial Holdings Inc.

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

American Express Company

AXP · New York Stock Exchange

Market cap (USD)$213.3B
Gross margin (TTM)83.5%
Operating margin (TTM)20.7%
Net margin (TTM)13.6%
SectorFinancials
IndustryFinancial - Credit Services
CountryUS
Data as of2026-05-27
Moat score
76/ 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 American Express Company's moat claims, evidence, and risks.

View AXP analysis

LPL Financial Holdings Inc.

LPLA · Nasdaq

Market cap (USD)$21.5B
Gross margin (TTM)23.6%
Operating margin (TTM)9.7%
Net margin (TTM)4.9%
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 76 / 100 for American Express Company).
  • Segment focus: American Express Company has 4 segments (48% in U.S. Consumer Services); LPL Financial Holdings Inc. has 1 segment (100% in Advisor Platform).
  • Primary market structure: Oligopoly vs Oligopoly. Pricing power: Strong vs Moderate.
  • Moat breadth: American Express Company has 7 moat types across 3 domains; LPL Financial Holdings Inc. has 6 across 4.

Primary market context

American Express Company

U.S. Consumer Services

Market

U.S. premium consumer credit, charge, banking, lending, travel, dining and lifestyle card services

Geography

United States

Customer

Affluent and mass-affluent U.S. consumers

Role

Issuer, lender, rewards platform, banking provider, travel/dining service provider and closed-loop network participant

Revenue share

48%

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

American Express Company
LPL Financial Holdings Inc.
Ticker / Exchange
AXP - New York Stock Exchange
LPLA - Nasdaq
Market cap (USD)
$213.3B
$21.5B
Gross margin (TTM)
83.5%
23.6%
Operating margin (TTM)
20.7%
9.7%
Net margin (TTM)
13.6%
4.9%
Sector
Financials
Financials
Industry
Financial - Credit Services
Financial - Capital Markets
HQ country
US
US
Primary segment
U.S. Consumer Services
Advisor Platform
Market structure
Oligopoly
Oligopoly
Market share
10.5%-11% (implied)
23%-25% (reported)
HHI estimate
n/a
n/a
Pricing power
Strong
Moderate
Moat score
76 / 100
79 / 100
Moat domains
Demand, Network, Supply
Supply, Demand, Legal, Network
Last update
2026-05-27
2025-12-26

Moat coverage

Shared moat types

Two Sided Network

American Express Company strengths

Brand TrustHabit DefaultData Network EffectsData Workflow LockinProcurement InertiaScope Economies

LPL Financial Holdings Inc. strengths

Scale Economies Unit CostSuite BundlingOperational ExcellenceCompliance AdvantageSwitching Costs General

Segment mix

American Express Company segments

Full profile >

U.S. Consumer Services

Oligopoly

48%

Commercial Services

Oligopoly

23.4%

International Card Services

Competitive

17.9%

Global Merchant and Network Services

Oligopoly

10.7%

LPL Financial Holdings Inc. segments

Full profile >

Advisor Platform

Oligopoly

100%

Want the full wide moat stocks list?

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Proven models entering the expansion stage with unit economics that work.

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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.