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BGC vs LPL Financial: revenue, profit, margins and growth compared

BGC brought in $2.9B of revenue in fiscal 2025, LPL Financial $17B in fiscal 2025. Revenue changed by +30.0% at BGC and +37.2% at LPL Financial on the year before, so LPL Financial grew faster. BGC kept 5.3% of its revenue as net profit, LPL Financial 5.1%. Free cash flow was $372.9M at BGC and -$981.8M at LPL Financial.

Side by side, latest fiscal year

BGCLPLA
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$2.9B$17B
Revenue growth+30.0%+37.2%
Net income$155M$863M
Net margin5.3%5.1%
Free cash flow$372.9M-$981.8M
Free cash flow margin12.7%-5.8%
Earnings per share (diluted)$0.31$10.92
Cash$851.5M$1B
Debt$1.5B$7.3B
Price to earnings38.228.8
Market value$5.6B$24.8B
Dividend yield0.68%0.38%
Rank by revenue in sector#123 of 444 · Finance#39 of 444 · Finance

Over the years

Revenue
BGC FY2018: $1.9BBGC FY2019: $2.1BBGC FY2020: $2.1BBGC FY2021: $2BBGC FY2022: $1.8BBGC FY2023: $2BBGC FY2024: $2.3BBGC FY2025: $2.9BLPLA FY2018: $5.2BLPLA FY2019: $5.6BLPLA FY2020: $5.9BLPLA FY2021: $7.7BLPLA FY2022: $8.6BLPLA FY2023: $10.1BLPLA FY2024: $12.4BLPLA FY2025: $17BFY18FY19FY20FY21FY22FY23FY24FY25
BGC $2.9BLPLA $17B
Net income
BGC FY2018: $202.2MBGC FY2019: $43.9MBGC FY2020: $50.9MBGC FY2021: $153.5MBGC FY2022: $58.9MBGC FY2023: $38.8MBGC FY2024: $123.2MBGC FY2025: $155MLPLA FY2018: $439.5MLPLA FY2019: $559.9MLPLA FY2020: $472.6MLPLA FY2021: $459.9MLPLA FY2022: $845.7MLPLA FY2023: $1.1BLPLA FY2024: $1.1BLPLA FY2025: $863MFY18FY19FY20FY21FY22FY23FY24FY25
BGC $155MLPLA $863M
Net margin
BGC FY2018: 10.4%BGC FY2019: 2.1%BGC FY2020: 2.5%BGC FY2021: 7.6%BGC FY2022: 3.3%BGC FY2023: 1.9%BGC FY2024: 5.4%BGC FY2025: 5.3%LPLA FY2018: 8.5%LPLA FY2019: 10.0%LPLA FY2020: 8.0%LPLA FY2021: 6.0%LPLA FY2022: 9.8%LPLA FY2023: 10.6%LPLA FY2024: 8.5%LPLA FY2025: 5.1%FY18FY19FY20FY21FY22FY23FY24FY25
BGC 5.3%LPLA 5.1%
Revenue growth
BGC FY2019: +8.6%BGC FY2020: -2.3%BGC FY2021: -2.0%BGC FY2022: -10.9%BGC FY2023: +12.8%BGC FY2024: +11.7%BGC FY2025: +30.0%LPLA FY2019: +8.4%LPLA FY2020: +4.4%LPLA FY2021: +31.5%LPLA FY2022: +11.4%LPLA FY2023: +16.9%LPLA FY2024: +23.2%LPLA FY2025: +37.2%FY19FY20FY21FY22FY23FY24FY25
BGC +30.0%LPLA +37.2%
Free cash flow
BGC FY2018: -$91.9MBGC FY2019: $194.4MBGC FY2020: $271.8MBGC FY2021: $407.1MBGC FY2022: $213.8MBGC FY2023: $390.3MBGC FY2024: $285.7MBGC FY2025: $372.9MLPLA FY2018: $448.9MLPLA FY2019: $467.5MLPLA FY2020: $634.4MLPLA FY2021: $237.1MLPLA FY2022: $1.6BLPLA FY2023: $109.3MLPLA FY2024: -$284.9MLPLA FY2025: -$981.8MFY18FY19FY20FY21FY22FY23FY24FY25
BGC $372.9MLPLA -$981.8M

Fiscal years as each company reports them; the two may end in different months.

Questions about BGC and LPL Financial

Which is bigger by revenue, BGC or LPL Financial?

LPL Financial is bigger by revenue: $17B in fiscal 2025, against $2.9B for BGC in fiscal 2025.

Which keeps more of its revenue as profit, BGC or LPL Financial?

BGC had a net margin of 5.3% in fiscal 2025; LPL Financial had 5.1% in fiscal 2025.

Which grew revenue faster, BGC or LPL Financial?

In their latest fiscal years revenue changed by +30.0% at BGC and +37.2% at LPL Financial.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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