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Side-by-side financial comparison of LPL Financial Holdings Inc. (LPLA) and Las Vegas Sands (LVS). Click either name above to swap in a different company.
LPL Financial Holdings Inc. is the larger business by last-quarter revenue ($4.9B vs $3.6B, roughly 1.4× Las Vegas Sands). Las Vegas Sands runs the higher net margin — 17.9% vs 7.2%, a 10.7% gap on every dollar of revenue. On growth, LPL Financial Holdings Inc. posted the faster year-over-year revenue change (34.6% vs 25.3%). Over the past eight quarters, LPL Financial Holdings Inc.'s revenue compounded faster (29.8% CAGR vs 13.9%).
LPL Financial Holdings Inc. was founded in 1989 and is considered the largest independent broker-dealer in the United States. As of 2021 the company had more than 17,500 financial advisors, over US$1 trillion in advisory and brokerage assets, and generated approximately $10.3 billion in annual revenue for the 2023 fiscal year. LPL Financial has main offices in Boston, Fort Mill, Austin, and San Diego. The company is a member of FINRA and the SIPC.
Las Vegas Sands Corp. is an American casino and resort company with corporate headquarters in Las Vegas, Nevada. It was founded by Sheldon G. Adelson and his partners out of the Sands Hotel and Casino on the Las Vegas Strip. The Sands was demolished and redeveloped as The Venetian, opening in 1999. An adjacent resort, The Palazzo, opened in 2007. Both resorts were sold in 2022.
LPLA vs LVS — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.9B | $3.6B |
| Net Profit | $356.4M | $641.0M |
| Gross Margin | 32.3% | — |
| Operating Margin | — | 25.2% |
| Net Margin | 7.2% | 17.9% |
| Revenue YoY | 34.6% | 25.3% |
| Net Profit YoY | — | 57.1% |
| EPS (diluted) | $4.43 | $0.85 |
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.
| Q1 26 | $4.9B | $3.6B | ||
| Q4 25 | $4.9B | $3.6B | ||
| Q3 25 | $4.6B | $3.3B | ||
| Q2 25 | $3.8B | $3.2B | ||
| Q1 25 | $3.7B | $2.9B | ||
| Q4 24 | $3.5B | $2.9B | ||
| Q3 24 | $3.1B | $2.7B | ||
| Q2 24 | $2.9B | $2.8B |
| Q1 26 | $356.4M | $641.0M | ||
| Q4 25 | $300.7M | $395.0M | ||
| Q3 25 | $-29.5M | $419.0M | ||
| Q2 25 | $273.2M | $461.0M | ||
| Q1 25 | $318.6M | $352.0M | ||
| Q4 24 | $270.7M | $324.0M | ||
| Q3 24 | $255.3M | $275.0M | ||
| Q2 24 | $243.8M | $353.0M |
| Q1 26 | 32.3% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | 25.2% | ||
| Q4 25 | 8.1% | 19.4% | ||
| Q3 25 | -0.7% | 21.6% | ||
| Q2 25 | 9.6% | 24.7% | ||
| Q1 25 | 11.4% | 21.3% | ||
| Q4 24 | 9.7% | 20.4% | ||
| Q3 24 | 11.2% | 18.8% | ||
| Q2 24 | 11.3% | 21.4% |
| Q1 26 | 7.2% | 17.9% | ||
| Q4 25 | 6.1% | 10.8% | ||
| Q3 25 | -0.6% | 12.6% | ||
| Q2 25 | 7.1% | 14.5% | ||
| Q1 25 | 8.7% | 12.3% | ||
| Q4 24 | 7.7% | 11.2% | ||
| Q3 24 | 8.2% | 10.3% | ||
| Q2 24 | 8.3% | 12.8% |
| Q1 26 | $4.43 | $0.85 | ||
| Q4 25 | $3.65 | $0.59 | ||
| Q3 25 | $-0.37 | $0.61 | ||
| Q2 25 | $3.40 | $0.66 | ||
| Q1 25 | $4.24 | $0.49 | ||
| Q4 24 | $3.58 | $0.44 | ||
| Q3 24 | $3.39 | $0.38 | ||
| Q2 24 | $3.23 | $0.48 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.0B | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.7B | — |
| Total Assets | $18.8B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.1B | $3.8B | ||
| Q3 25 | $1.6B | $3.4B | ||
| Q2 25 | $4.3B | $3.5B | ||
| Q1 25 | $1.4B | $3.0B | ||
| Q4 24 | $1.0B | $3.6B | ||
| Q3 24 | $1.6B | $4.2B | ||
| Q2 24 | $1.4B | $4.7B |
| Q1 26 | — | — | ||
| Q4 25 | $7.3B | $14.7B | ||
| Q3 25 | $7.5B | $13.9B | ||
| Q2 25 | $7.2B | $14.9B | ||
| Q1 25 | $5.7B | $10.9B | ||
| Q4 24 | $5.5B | $10.6B | ||
| Q3 24 | $4.4B | $11.3B | ||
| Q2 24 | $4.4B | $12.8B |
| Q1 26 | $5.7B | — | ||
| Q4 25 | $5.3B | $1.6B | ||
| Q3 25 | $5.0B | $1.6B | ||
| Q2 25 | $5.1B | $2.0B | ||
| Q1 25 | $3.1B | $2.7B | ||
| Q4 24 | $2.9B | $2.9B | ||
| Q3 24 | $2.8B | $3.4B | ||
| Q2 24 | $2.5B | $3.8B |
| Q1 26 | $18.8B | — | ||
| Q4 25 | $18.5B | $21.9B | ||
| Q3 25 | $18.0B | $21.5B | ||
| Q2 25 | $17.5B | $21.9B | ||
| Q1 25 | $14.0B | $21.2B | ||
| Q4 24 | $13.3B | $20.7B | ||
| Q3 24 | $11.9B | $21.4B | ||
| Q2 24 | $11.5B | $21.1B |
| Q1 26 | — | — | ||
| Q4 25 | 1.36× | 9.22× | ||
| Q3 25 | 1.49× | 8.82× | ||
| Q2 25 | 1.41× | 7.48× | ||
| Q1 25 | 1.82× | 4.02× | ||
| Q4 24 | 1.87× | 3.67× | ||
| Q3 24 | 1.60× | 3.29× | ||
| Q2 24 | 1.77× | 3.41× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LPLA
| Advisory | $2.6B | 53% |
| Sales-based | $705.4M | 14% |
| Trailing | $486.6M | 10% |
| Client cash | $445.3M | 9% |
| Other | $394.5M | 8% |
| Service and fee | $211.0M | 4% |
| Transaction | $80.5M | 2% |
LVS
| Casino | $2.7B | 76% |
| Rooms | $377.0M | 11% |
| Mall | $204.0M | 6% |
| Food and beverage | $176.0M | 5% |
| Convention, retail and other | $89.0M | 2% |
