Top Financial Services Stocks by Return on Assets
Top financial services companies ranked by return on assets, latest annual filings.
What Return on Assets Means for Financial Services Companies
Return on assets divides net income by total assets, and in financial services that base is unusual, since most of it is money owed back to depositors, policyholders and bondholders rather than plant the company owns outright. Equity is a thin slice of the total, so the ratio lands in a narrow low range across banks and insurers. Bankers watch it closely anyway, because it is the standard measure of how profitably a balance sheet is run.
Why It Matters in Financial Services
Small gaps carry real information here. A fraction of a point separates a lender funding itself cheaply and pricing risk well from one doing neither, because the whole book is turned into earnings through a thin spread. Read next to return on equity, the difference between the two shows how much of the result comes from borrowing rather than from the business. The comparison only holds against other financial firms; set beside an industrial, a bank's figure looks poor for structural reasons.
What to Read Alongside
Pair return on assets with Return on Equity to measure the borrowing behind the balance sheet, Net Margin for the profitability of revenue itself, and Total Assets to keep the size of the book in view.
| # | Symbol | Company | Sector | ||
|---|---|---|---|---|---|
| 1 | MA | Mastercard Incorporated | Financial Services | 27.60% | $537.43B |
| 2 | MSCI | MSCI Inc. | Financial Services | 21.08% | $44.90B |
| 3 | V | Visa Inc. | Financial Services | 20.13% | $758.75B |
| 4 | APAM | Artisan Partners Asset Management Inc. | Financial Services | 18.41% | $2.37B |
| 5 | FHI | Federated Hermes, Inc. | Financial Services | 18.09% | $4.25B |
| 6 | TREE | LendingTree, Inc. | Financial Services | 17.68% | $368.54M |
| 7 | ERIE | Erie Indemnity Company | Financial Services | 16.67% | $13.14B |
| 8 | MCO | Moody's Corporation | Financial Services | 15.53% | $83.53B |
| 9 | SLDE | Slide Insurance Holdings, Inc. | Financial Services | 15.21% | $3.40B |
| 10 | TROW | T. Rowe Price Group, Inc. | Financial Services | 14.55% | $22.08B |
| 11 | BAM | Brookfield Asset Management Ltd. | Financial Services | 14.07% | $75.13B |
| 12 | FDS | FactSet Research Systems Inc. | Financial Services | 12.89% | $11.41B |
| 13 | AFRM | Affirm Holdings, Inc. | Financial Services | 12.22% | $23.45B |
| 14 | ETOR | eToro Group Ltd. | Financial Services | 12.04% | $1.87B |
| 15 | MTG | MGIC Investment Corporation | Financial Services | 11.12% | $5.89B |
| 16 | EVR | Evercore Inc. | Financial Services | 11.05% | $9.90B |
| 17 | PIPR | Piper Sandler Companies | Financial Services | 10.85% | $4.59B |
| 18 | QFIN | Qfin Holdings, Inc. | Financial Services | 10.52% | $677.22M |
| 19 | MORN | Morningstar, Inc. | Financial Services | 10.42% | $8.45B |
| 20 | FINV | FinVolution Group | Financial Services | 10.00% | $679.95M |
| 21 | XYF | X Financial | Financial Services | 9.99% | $178.02M |
| 22 | TW | Tradeweb Markets Inc. | Financial Services | 9.92% | $26.04B |
| 23 | HLI | Houlihan Lokey, Inc. | Financial Services | 9.88% | $9.17B |
| 24 | ACT | Enact Holdings, Inc. | Financial Services | 9.78% | $6.64B |
| 25 | PJT | PJT Partners Inc. | Financial Services | 9.77% | $3.65B |
| 26 | ESNT | Essent Group Ltd. | Financial Services | 9.27% | $5.99B |
| 27 | PGR | The Progressive Corporation | Financial Services | 9.19% | $132.85B |
| 28 | WTM | White Mountains Insurance Group, Ltd. | Financial Services | 8.99% | $5.32B |
| 29 | HG | Hamilton Insurance Group, Ltd. | Financial Services | 8.78% | $3.58B |
| 30 | ALL | The Allstate Corporation | Financial Services | 8.59% | $64.72B |
| 31 | KNSL | Kinsale Capital Group, Inc. | Financial Services | 8.33% | $8.33B |
| 32 | AMG | Affiliated Managers Group, Inc. | Financial Services | 7.78% | $10.11B |
| 33 | VCTR | Victory Capital Holdings, Inc. | Financial Services | 7.77% | $6.70B |
| 34 | SPGI | S&P Global Inc. | Financial Services | 7.31% | $132.85B |
| 35 | AON | Aon plc | Financial Services | 7.28% | $64.07B |
| 36 | LX | LexinFintech Holdings Ltd. | Financial Services | 7.24% | $105.25M |
| 37 | RDN | Radian Group Inc. | Financial Services | 7.17% | $4.73B |
| 38 | MRSH | Marsh & McLennan Companies, Inc. | Financial Services | 7.09% | $92.59B |
| 39 | RLI | RLI Corp. | Financial Services | 6.55% | $5.96B |
| 40 | PYPL | PayPal Holdings, Inc. | Financial Services | 6.53% | $47.04B |
| 41 | UVE | Universal Insurance Holdings, Inc. | Financial Services | 6.44% | $1.33B |
| 42 | BX | Blackstone Inc. | Financial Services | 6.33% | $95.00B |
| 43 | FCFS | FirstCash Holdings, Inc. | Financial Services | 6.23% | $7.60B |
| 44 | WU | The Western Union Company | Financial Services | 6.02% | $1.94B |
| 45 | CINF | Cincinnati Financial Corporation | Financial Services | 5.84% | $27.21B |
| 46 | NDAQ | Nasdaq, Inc. | Financial Services | 5.76% | $58.54B |
| 47 | MCY | Mercury General Corporation | Financial Services | 5.66% | $5.63B |
| 48 | EZPW | EZCORP, Inc. | Financial Services | 5.62% | $1.77B |
| 49 | ACGL | Arch Capital Group Ltd. | Financial Services | 5.55% | $34.92B |
| 50 | BRK | Berkshire Hathaway Inc. | Financial Services | 5.48% | $1.17T |
| 51 | WTW | Willis Towers Watson Public Limited Company | Financial Services | 5.44% | $30.15B |
| 52 | PRI | Primerica, Inc. | Financial Services | 4.99% | $8.52B |
| 53 | RNR | RenaissanceRe Holdings Ltd. | Financial Services | 4.99% | $14.61B |
| 54 | FUTU | Futu Holdings Limited | Financial Services | 4.96% | $14.21B |
| 55 | HOOD | Robinhood Markets, Inc. | Financial Services | 4.94% | $83.47B |
| 56 | CACC | Credit Acceptance Corporation | Financial Services | 4.91% | $5.58B |
| 57 | SLQT | SelectQuote, Inc. | Financial Services | 4.83% | $58.64M |
| 58 | ECPG | Encore Capital Group, Inc. | Financial Services | 4.81% | $2.11B |
| 59 | LAZ | Lazard, Inc. | Financial Services | 4.80% | $3.67B |
| 60 | ENVA | Enova International, Inc. | Financial Services | 4.77% | $4.16B |
| 61 | LPLA | LPL Financial Holdings Inc. | Financial Services | 4.67% | $24.98B |
| 62 | HIG | The Hartford Insurance Group, Inc. | Financial Services | 4.46% | $36.82B |
| 63 | TRV | The Travelers Companies, Inc. | Financial Services | 4.38% | $81.99B |
| 64 | COIN | Coinbase Global, Inc. | Financial Services | 4.25% | $42.11B |
| 65 | AGO | Assured Guaranty Ltd. | Financial Services | 4.13% | $3.08B |
| 66 | TRU | TransUnion | Financial Services | 4.10% | $15.26B |
| 67 | WRB | W. R. Berkley Corporation | Financial Services | 4.05% | $27.39B |
| 68 | SAFT | Safety Insurance Group, Inc. | Financial Services | 4.02% | $1.53B |
| 69 | OPY | Oppenheimer Holdings Inc. | Financial Services | 3.99% | $1.10B |
| 70 | THG | The Hanover Insurance Group, Inc. | Financial Services | 3.91% | $8.32B |
| 71 | FAF | First American Financial Corporation | Financial Services | 3.83% | $6.54B |
| 72 | NU | Nu Holdings Ltd. | Financial Services | 3.83% | $60.82B |
| 73 | CB | Chubb Limited | Financial Services | 3.79% | $137.63B |
| 74 | GL | Globe Life Inc. | Financial Services | 3.77% | $12.05B |
| 75 | SPNT | SiriusPoint Ltd. | Financial Services | 3.66% | $2.99B |
| 76 | AXP | American Express Company | Financial Services | 3.61% | $211.26B |
| 77 | SKWD | Skyward Specialty Insurance Group, Inc. | Financial Services | 3.55% | $2.67B |
| 78 | STC | Stewart Information Services Corporation | Financial Services | 3.55% | $1.31B |
| 79 | BGC | BGC Group, Inc. | Financial Services | 3.51% | $5.50B |
| 80 | BRO | Brown & Brown, Inc. | Financial Services | 3.51% | $23.78B |
| 81 | BLK | BlackRock, Inc. | Financial Services | 3.27% | $174.34B |
| 82 | AFL | Aflac Incorporated | Financial Services | 3.13% | $60.63B |
| 83 | ORI | Old Republic International Corporation | Financial Services | 3.13% | $9.28B |
| 84 | SIGI | Selective Insurance Group, Inc. | Financial Services | 3.08% | $5.88B |
| 85 | UFCS | United Fire Group, Inc. | Financial Services | 3.08% | $1.48B |
| 86 | MKL | Markel Group Inc. | Financial Services | 3.06% | $23.22B |
| 87 | SYF | Synchrony Financial | Financial Services | 2.98% | $24.35B |
| 88 | AXS | AXIS Capital Holdings Limited | Financial Services | 2.93% | $7.48B |
| 89 | OMF | OneMain Holdings, Inc. | Financial Services | 2.86% | $6.48B |
| 90 | CG | The Carlyle Group Inc. | Financial Services | 2.78% | $13.81B |
| 91 | AFG | American Financial Group, Inc. | Financial Services | 2.58% | $12.49B |
| 92 | CRD-A | Crawford & Company | Financial Services | 2.57% | $460.68M |
| 93 | EG | Everest Group, Ltd. | Financial Services | 2.55% | $15.25B |
| 94 | SLM | SLM Corporation | Financial Services | 2.50% | $3.69B |
| 95 | IX | ORIX Corporation | Financial Services | 2.48% | $39.39B |
| 96 | ICE | Intercontinental Exchange, Inc. | Financial Services | 2.42% | $89.85B |
| 97 | RJF | Raymond James Financial, Inc. | Financial Services | 2.42% | $30.41B |
| 98 | ROOT | Root, Inc. | Financial Services | 2.41% | $803.02M |
| 99 | AIZ | Assurant, Inc. | Financial Services | 2.40% | $14.16B |
| 100 | HGTY | Hagerty, Inc. | Financial Services | 2.34% | $5.48B |
No companies match this search.
How this ranking is built
Companies are ranked by return on assets as reported in their most recent annual filing with the SEC. Figures shown are in US dollars (or percent, as noted), rounded to two decimals.
- Source: annual 10-K / 20-F filings from companies trading on US exchanges (NYSE, Nasdaq, AMEX).
- Fiscal year: whichever annual period the company has most recently filed. Fiscal years don't always align with the calendar year, so the "as of FY" stamp above reflects the most common year across the table.
- Filtered out: warrants, preferred shares, and duplicate listings that share a parent company's financials.
- Size floor: A company qualifies at $1 billion in annual revenue or above, so a small filer with a freak ratio cannot top the list.
- Value range: Only figures above 0% and up to 100% qualify.
- Update cadence: refreshed as companies file new annual reports (typically within 60–90 days of fiscal year end).
Not financial advice. This is a research tool, not a recommendation.
Frequently asked questions
Why is a bank's return on assets so much lower than an industrial company's?
A bank's assets are mostly loans and securities funded by deposits and debt, money that belongs to customers and creditors rather than to shareholders. The base is therefore enormous relative to equity, and profit spread across it produces a small ratio by design. Low single figures are normal and healthy in banking. Comparing that number with a manufacturer's says nothing useful; the meaningful comparison is against other lenders of similar size and business mix.
How do return on assets and return on equity fit together for a bank?
Return on equity is return on assets multiplied by how many times the balance sheet is geared against equity. A lender can lift return on equity by holding less capital, but return on assets stays where the underlying business puts it. Reading them together shows whether a strong equity return came from profitable lending or from thin capital, which is exactly the distinction bank regulators care about.