VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

Stock Comparison

LPL Financial Holdings Inc. vs SoFi Technologies, Inc.

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

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

SoFi Technologies, Inc.

SOFI · The Nasdaq Stock Market LLC

Market cap (USD)$20.9B
Gross margin (TTM)76%
Operating margin (TTM)12.6%
Net margin (TTM)11.2%
SectorFinancials
IndustryFinancial - Credit Services
CountryUS
Data as of2026-05-01
Moat score
58/ 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 SoFi Technologies, Inc.'s moat claims, evidence, and risks.

View SOFI analysis

Comparison highlights

  • Moat score gap: LPL Financial Holdings Inc. leads (79 / 100 vs 58 / 100 for SoFi Technologies, Inc.).
  • Segment focus: LPL Financial Holdings Inc. has 1 segment (100% in Advisor Platform); SoFi Technologies, Inc. has 3 segments (49.9% in Lending).
  • Primary market structure: Oligopoly vs Competitive. Pricing power: Moderate vs Moderate.
  • Moat breadth: LPL Financial Holdings Inc. has 6 moat types across 4 domains; SoFi Technologies, Inc. has 7 across 5.

Primary market context

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%

SoFi Technologies, Inc.

Lending

Market

U.S. unsecured personal loans, with student-loan and home-loan adjacencies

Geography

United States

Customer

Prime and super-prime consumer borrowers, home borrowers, student-loan borrowers, and loan-capital partners

Role

Digital loan originator, balance-sheet lender, loan servicer, and loan-platform origination partner

Revenue share

49.9%

Side-by-side metrics

LPL Financial Holdings Inc.
SoFi Technologies, Inc.
Ticker / Exchange
LPLA - Nasdaq
SOFI - The Nasdaq Stock Market LLC
Market cap (USD)
$21.5B
$20.9B
Gross margin (TTM)
23.6%
76%
Operating margin (TTM)
9.7%
12.6%
Net margin (TTM)
4.9%
11.2%
Sector
Financials
Financials
Industry
Financial - Capital Markets
Financial - Credit Services
HQ country
US
US
Primary segment
Advisor Platform
Lending
Market structure
Oligopoly
Competitive
Market share
23%-25% (reported)
8%-8.6% (implied)
HHI estimate
n/a
n/a
Pricing power
Moderate
Moderate
Moat score
79 / 100
58 / 100
Moat domains
Supply, Demand, Legal, Network
Financial, Supply, Demand, Legal, Network
Last update
2025-12-26
2026-05-01

Moat coverage

Shared moat types

Switching Costs General

LPL Financial Holdings Inc. strengths

Scale Economies Unit CostSuite BundlingOperational ExcellenceCompliance AdvantageTwo Sided Network

SoFi Technologies, Inc. strengths

Cost Of Capital AdvantageUnderwriting Risk PoolingScope EconomiesData Workflow LockinConcession LicenseInteroperability Hub

Segment mix

LPL Financial Holdings Inc. segments

Full profile >

Advisor Platform

Oligopoly

100%

SoFi Technologies, Inc. segments

Full profile >

Lending

Competitive

49.9%

Financial Services

Competitive

40%

Technology Platform

Competitive

10.1%

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.