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Side-by-side financial comparison of BREAD FINANCIAL HOLDINGS, INC. (BFH) and LendingClub Corp (LC). Click either name above to swap in a different company.
BREAD FINANCIAL HOLDINGS, INC. is the larger business by last-quarter revenue ($975.0M vs $266.5M, roughly 3.7× LendingClub Corp). On growth, LendingClub Corp posted the faster year-over-year revenue change (22.7% vs 5.4%). Over the past eight quarters, LendingClub Corp's revenue compounded faster (21.4% CAGR vs -0.8%).
Bread Financial Holdings, Inc. is an American publicly traded provider of private label credit cards, coalition loyalty programs, and direct marketing, derived from the capture and analysis of transaction-rich data.
LendingClub Corporation is an American financial services company headquartered in San Francisco, California. It was the first peer-to-peer lender to register its offerings as securities with the Securities and Exchange Commission (SEC), and to offer loan trading on a secondary market. At its height, LendingClub was the world's largest peer-to-peer lending platform. The company reported that $15.98 billion in loans had been originated through its platform up to December 31, 2015.
BFH vs LC — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $975.0M | $266.5M |
| Net Profit | — | — |
| Gross Margin | — | — |
| Operating Margin | 4.9% | 18.8% |
| Net Margin | — | — |
| Revenue YoY | 5.4% | 22.7% |
| Net Profit YoY | — | — |
| EPS (diluted) | $1.21 | $0.36 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $975.0M | $266.5M | ||
| Q3 25 | $971.0M | $266.2M | ||
| Q2 25 | $929.0M | $248.4M | ||
| Q1 25 | $970.0M | $217.7M | ||
| Q4 24 | $925.0M | $217.2M | ||
| Q3 24 | $983.0M | $201.9M | ||
| Q2 24 | $939.0M | $187.2M | ||
| Q1 24 | $991.0M | $180.7M |
| Q4 25 | — | — | ||
| Q3 25 | $188.0M | $44.3M | ||
| Q2 25 | $139.0M | $38.2M | ||
| Q1 25 | $138.0M | $11.7M | ||
| Q4 24 | — | — | ||
| Q3 24 | $2.0M | $14.5M | ||
| Q2 24 | $133.0M | $14.9M | ||
| Q1 24 | $134.0M | $12.3M |
| Q4 25 | 4.9% | 18.8% | ||
| Q3 25 | 20.2% | 21.5% | ||
| Q2 25 | 18.7% | 21.7% | ||
| Q1 25 | 20.3% | 7.2% | ||
| Q4 24 | -2.9% | 5.1% | ||
| Q3 24 | 4.1% | 8.9% | ||
| Q2 24 | 19.2% | 10.4% | ||
| Q1 24 | 19.0% | 9.1% |
| Q4 25 | — | — | ||
| Q3 25 | 19.4% | 16.6% | ||
| Q2 25 | 15.0% | 15.4% | ||
| Q1 25 | 14.2% | 5.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.2% | 7.2% | ||
| Q2 24 | 14.2% | 8.0% | ||
| Q1 24 | 13.5% | 6.8% |
| Q4 25 | $1.21 | $0.36 | ||
| Q3 25 | $3.96 | $0.37 | ||
| Q2 25 | $2.94 | $0.33 | ||
| Q1 25 | $2.78 | $0.10 | ||
| Q4 24 | $0.08 | $0.08 | ||
| Q3 24 | $0.05 | $0.13 | ||
| Q2 24 | $2.66 | $0.13 | ||
| Q1 24 | $2.70 | $0.11 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $3.6B | — |
| Total DebtLower is stronger | $4.3B | $0 |
| Stockholders' EquityBook value | $3.3B | $1.5B |
| Total Assets | $22.7B | $11.6B |
| Debt / EquityLower = less leverage | 1.29× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.6B | — | ||
| Q3 25 | $3.8B | — | ||
| Q2 25 | $3.8B | — | ||
| Q1 25 | $4.2B | — | ||
| Q4 24 | $4.0B | — | ||
| Q3 24 | $3.5B | — | ||
| Q2 24 | $4.1B | — | ||
| Q1 24 | $3.8B | — |
| Q4 25 | $4.3B | $0 | ||
| Q3 25 | $3.8B | $0 | ||
| Q2 25 | $4.2B | $0 | ||
| Q1 25 | $5.1B | $0 | ||
| Q4 24 | $5.6B | $0 | ||
| Q3 24 | $4.6B | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $3.3B | $1.5B | ||
| Q3 25 | $3.3B | $1.5B | ||
| Q2 25 | $3.2B | $1.4B | ||
| Q1 25 | $3.1B | $1.4B | ||
| Q4 24 | $3.1B | $1.3B | ||
| Q3 24 | $3.1B | $1.3B | ||
| Q2 24 | $3.2B | $1.3B | ||
| Q1 24 | $3.0B | $1.3B |
| Q4 25 | $22.7B | $11.6B | ||
| Q3 25 | $21.7B | $11.1B | ||
| Q2 25 | $21.8B | $10.8B | ||
| Q1 25 | $22.4B | $10.5B | ||
| Q4 24 | $22.9B | $10.6B | ||
| Q3 24 | $21.7B | $11.0B | ||
| Q2 24 | $22.1B | $9.6B | ||
| Q1 24 | $22.3B | $9.2B |
| Q4 25 | 1.29× | 0.00× | ||
| Q3 25 | 1.14× | 0.00× | ||
| Q2 25 | 1.34× | 0.00× | ||
| Q1 25 | 1.67× | 0.00× | ||
| Q4 24 | 1.82× | 0.00× | ||
| Q3 24 | 1.47× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $568.0M | $-903.8M |
| Free Cash FlowOCF − Capex | — | $-919.3M |
| FCF MarginFCF / Revenue | — | -345.0% |
| Capex IntensityCapex / Revenue | — | 5.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-2.9B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $568.0M | $-903.8M | ||
| Q3 25 | $605.0M | $-770.8M | ||
| Q2 25 | $526.0M | $-713.1M | ||
| Q1 25 | $393.0M | $-339.3M | ||
| Q4 24 | $479.0M | $-185.4M | ||
| Q3 24 | $456.0M | $-669.8M | ||
| Q2 24 | $477.0M | $-932.5M | ||
| Q1 24 | $447.0M | $-846.5M |
| Q4 25 | — | $-919.3M | ||
| Q3 25 | — | $-791.8M | ||
| Q2 25 | — | $-803.8M | ||
| Q1 25 | — | $-352.3M | ||
| Q4 24 | — | $-202.6M | ||
| Q3 24 | — | $-682.3M | ||
| Q2 24 | — | $-945.3M | ||
| Q1 24 | — | $-858.3M |
| Q4 25 | — | -345.0% | ||
| Q3 25 | — | -297.4% | ||
| Q2 25 | — | -323.5% | ||
| Q1 25 | — | -161.8% | ||
| Q4 24 | — | -93.3% | ||
| Q3 24 | — | -338.0% | ||
| Q2 24 | — | -504.9% | ||
| Q1 24 | — | -475.0% |
| Q4 25 | — | 5.8% | ||
| Q3 25 | — | 7.9% | ||
| Q2 25 | — | 36.5% | ||
| Q1 25 | — | 6.0% | ||
| Q4 24 | — | 7.9% | ||
| Q3 24 | — | 6.2% | ||
| Q2 24 | — | 6.9% | ||
| Q1 24 | — | 6.5% |
| Q4 25 | — | — | ||
| Q3 25 | 3.22× | -17.41× | ||
| Q2 25 | 3.78× | -18.68× | ||
| Q1 25 | 2.85× | -29.07× | ||
| Q4 24 | — | — | ||
| Q3 24 | 228.00× | -46.33× | ||
| Q2 24 | 3.59× | -62.57× | ||
| Q1 24 | 3.34× | -69.10× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BFH
Segment breakdown not available.
LC
| Lending Club Bank | $162.8M | 61% |
| Other | $82.3M | 31% |
| Servicing Fees | $12.8M | 5% |
| Lending Club Corporation | $8.5M | 3% |
