VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

NO ADVICE

Stock Comparison

LPL Financial Holdings Inc. vs U.S. Bancorp

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)$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

U.S. Bancorp

USB · New York Stock Exchange

Market cap (USD)$91.2B
Gross margin (TTM)62.8%
Operating margin (TTM)22.2%
Net margin (TTM)17.7%
SectorFinancials
IndustryBanks - Regional
CountryUS
Data as of2025-12-23
Moat score
62/ 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 U.S. Bancorp's moat claims, evidence, and risks.

View USB analysis

Comparison highlights

  • Moat score gap: LPL Financial Holdings Inc. leads (79 / 100 vs 62 / 100 for U.S. Bancorp).
  • Segment focus: LPL Financial Holdings Inc. has 1 segment (100% in Advisor Platform); U.S. Bancorp has 3 segments (42.8% in Wealth, Corporate, Commercial and Institutional Banking).
  • Primary market structure: Oligopoly vs Competitive. Pricing power: Moderate vs Moderate.
  • Moat breadth: LPL Financial Holdings Inc. has 6 moat types across 4 domains; U.S. Bancorp has 8 across 4.

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%

U.S. Bancorp

Wealth, Corporate, Commercial and Institutional Banking

Market

U.S. corporate, commercial, institutional and wealth banking & advisory services

Geography

United States

Customer

Commercial, institutional, government and wealth clients

Role

Bank / financial intermediary

Revenue share

42.8%

Side-by-side metrics

LPL Financial Holdings Inc.
U.S. Bancorp
Ticker / Exchange
LPLA - Nasdaq
USB - New York Stock Exchange
Market cap (USD)
$25.5B
$91.2B
Gross margin (TTM)
23.7%
62.8%
Operating margin (TTM)
9.6%
22.2%
Net margin (TTM)
5.1%
17.7%
Sector
Financials
Financials
Industry
Financial - Capital Markets
Banks - Regional
HQ country
US
US
Primary segment
Advisor Platform
Wealth, Corporate, Commercial and Institutional Banking
Market structure
Oligopoly
Competitive
Market share
23%-25% (reported)
n/a
HHI estimate
n/a
n/a
Pricing power
Moderate
Moderate
Moat score
79 / 100
62 / 100
Moat domains
Supply, Demand, Legal, Network
Demand, Supply, Legal, Financial
Last update
2025-12-26
2025-12-23

Moat coverage

Shared moat types

Scale Economies Unit CostSuite BundlingCompliance Advantage

LPL Financial Holdings Inc. strengths

Operational ExcellenceTwo Sided NetworkSwitching Costs General

U.S. Bancorp strengths

Data Workflow LockinScope EconomiesPhysical Network DensityHabit DefaultCost Of Capital Advantage

Segment mix

LPL Financial Holdings Inc. segments

Full profile >

Advisor Platform

Oligopoly

100%

U.S. Bancorp segments

Full profile >

Wealth, Corporate, Commercial and Institutional Banking

Competitive

42.8%

Consumer and Business Banking

Oligopoly

32.5%

Payment Services

Oligopoly

24.7%

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.