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UK investment platform offering self-invested pensions (SIPPs), ISAs and share dealing to consumers and advisers.
UK investment platform offering self-invested pensions (SIPPs), ISAs and share dealing to consumers and advisers.
Charges a percentage of the assets held on its platform plus dealing commissions, and earns a margin on interest on clients' cash, so revenue rises with markets and net inflows and eases when interest rates fall.
In one line: A UK Charles Schwab/Fidelity retail-platform peer.
Moat: narrow (scale, switching costs, brand). Platform account switching is costly and slow, aiding retention once onboarded.
Headquarters: Manchester, UK · Founded: 1995
Size AJ Bell (AJB.L) is a United Kingdom Financials company (Investment Managers) with a market value of $3.04B, the 133rd largest of 363 United Kingdom companies the cockpit tracks. Shares closed at £576.50 on 6 Nov 2026.
Performance Over six months the shares gained 12.9%, against +1.3% for the median peer and +3.6% for the United Kingdom market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue grew 19.3% over the last twelve months (peer median +18.1%); the operating margin is 41.5% (peer median 28.2%).
Valuation It trades at 19.2× forward earnings against a peer median of 17.5× (9th most expensive of 19).
Credit AJ Bell has 6 bonds outstanding ($3.41B), rated BBB by the agencies and trading like AA- at a weighted spread of 111 bp.
Next results Next results expected around 3 Dec 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | £348M | £318M | £269M | £218M | £164M |
| Revenue growth | — | +18% | +23% | +33% | — |
| EBITDA | £149M | £137M | £117M | £91.0M | £62.6M |
| Net income | £123M | £105M | £84.3M | £68.2M | £46.7M |
| Free cash flow | £97.1M | £92.0M | £102M | £102M | £45.0M |
| Capital expenditure | £4.30M | £2.44M | £2.95M | £3.50M | £3.38M |
| Total debt | n/a | £12.1M | £13.2M | £12.4M | £14.0M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| AJ Bell AJB.L | $3.04B | +13% | +19% | 42% | 19.2× | n/a |
| Quilter QLT.L | $3.30B | +5% | +191% | 3% | 15.0× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | AJB.L | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.5% | -1.3% | 10th highest of 21 |
| 6-month return | +12.9% | +1.3% | 4th highest of 21 |
| Distance from 52-week high | -13.0% | -18.8% | 5th highest of 21 |
| Revenue growth (TTM) | +19.3% | +18.1% | 10th highest of 20 |
| Operating margin | 41.5% | 28.2% | 3rd highest of 20 |
| Forward P/E | 19.2× | 17.5× | 9th most expensive of 19 |
| Bond spread | 111 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| AJ Bell AJB.L | United Kingdom | $3.04B | +13% | +19% | 42% | 19.2× | n/a | n/a |
| Sprott SII.TO | Canada | $2.96B | -17% | +88% | 38% | 25.6× | n/a | n/a |
| WisdomTree WT | United States | $2.94B | +2% | +45% | 40% | 15.4× | n/a | n/a |
| AllianceBernstein Holding L.P AB | United States | $3.14B | -13% | n/a | n/a | 9.6× | n/a | n/a |
| Artisan Partners Asset Management APAM | United States | $3.17B | +3% | +6% | 36% | 10.6× | n/a | n/a |
| Acadian Asset Management AAMI | United States | $3.23B | +33% | +25% | 27% | 15.4× | n/a | n/a |
| Tikehau Capital SCA TKO.PA | France | $3.24B | -10% | +32% | 31% | 10.7× | n/a | n/a |
| Quilter QLT.L | United Kingdom | $3.30B | +5% | +191% | 3% | 15.0× | n/a | n/a |
| Sealand Securities 000750.SZ | China | $3.30B | -12% | +2% | 22% | n/a | n/a | n/a |
| Netwealth NWL.AX | Australia | $3.31B | -13% | +21% | 46% | 34.1× | n/a | n/a |
| Caida Securities 600906.SS | China | $2.78B | -11% | +10% | 36% | 19.7× | n/a | n/a |
| Mandatum MANTA.HE | Finland | $3.33B | -10% | +60% | 8% | 23.7× | n/a | n/a |
| Guotai Junan International 1788.HK | Hong Kong | $3.58B | +10% | +43% | 65% | n/a | n/a | n/a |
| GCM Grosvenor GCMG | United States | $2.57B | +11% | +8% | 28% | 12.6× | n/a | n/a |
| First Capital Securities 002797.SZ | China | $3.61B | -24% | -6% | 22% | 21.1× | n/a | n/a |
| Nuvama Wealth Management NUVAMA.NS | India | $3.61B | +25% | +13% | 29% | 26.2× | n/a | n/a |
| Pinnacle Investment Management PNI.AX | Australia | $2.54B | +2% | +22% | 10% | 19.2× | n/a | n/a |
| AMP AMP.AX | Australia | $3.69B | +46% | -5% | -1% | 15.7× | n/a | n/a |
| Eurazeo RF.PA | France | $3.70B | +2% | +18% | -2% | 28.7× | n/a | n/a |
| Cohen & Steers CNS | United States | $3.76B | +1% | +13% | 33% | 20.1× | n/a | n/a |
| ANIMA ANIM.MI | Italy | $2.42B | -5% | +1% | 28% | 7.6× | n/a | n/a |
AJ Bell has 6 bonds outstanding with $3.41B face value. The agencies rate it BBB; its bonds trade like AA-. Weighted yield 5.23%, a spread of 111 bp over government bonds.