VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

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Wednesday, January 14, 2026

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Stock Comparison

AIA Group Limited vs Tradeweb Markets Inc.

Compare moat strength, market structure, and segment coverage to understand how each company defends its edge.

AIA Group Limited

1299.HK · Hong Kong Stock Exchange

Market cap (USD)—

Gross margin (TTM)—

Operating margin (TTM)—

Net margin (TTM)—

SectorFinancials

Industry—

CountryHK

Data as of2026-01-12

Moat score

67/ 100

Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.

Full stock profile

Dive deeper into AIA Group Limited's moat claims, evidence, and risks.

View 1299.HK analysis

Tradeweb Markets Inc.

TW · Nasdaq Global Select Market

Market cap (USD)$22.2B

Gross margin (TTM)66.7%

Operating margin (TTM)40.3%

Net margin (TTM)31.6%

SectorFinancials

IndustryFinancial - Capital Markets

CountryUS

Data as of2026-01-06

Moat score

70/ 100

Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.

Full stock profile

Dive deeper into Tradeweb Markets Inc.'s moat claims, evidence, and risks.

View TW analysis

Comparison highlights

Moat score gap: Tradeweb Markets Inc. leads (70 / 100 vs 67 / 100 for AIA Group Limited).
Segment focus: AIA Group Limited has 6 segments; Tradeweb Markets Inc. has 6 segments (52.4% in Rates).
Primary market structure: Oligopoly vs Oligopoly. Pricing power: n/a vs Moderate.
Moat breadth: AIA Group Limited has 4 moat types across 3 domains; Tradeweb Markets Inc. has 7 across 4.

Primary market context

AIA Group Limited

Mainland China

Market

Life insurance, accident & health insurance, and long-term savings products

Geography

Mainland China

Customer

Individuals and corporate clients (group insurance/employee benefits)

Role

Insurer / underwriter and distributor (agency and partnerships)

Tradeweb Markets Inc.

Rates

Market

Electronic dealer-to-client and all-to-all trading in rates (government bonds, mortgages/TBA MBS, interest rate swaps)

Geography

Global

Customer

Institutional, wholesale dealers, and retail via ATS

Role

Electronic marketplace / trading venue

Revenue share

52.4%

Side-by-side metrics

AIA Group Limited

Tradeweb Markets Inc.

Ticker / Exchange

1299.HK - Hong Kong Stock Exchange

TW - Nasdaq Global Select Market

Market cap (USD)

n/a

$22.2B

Gross margin (TTM)

n/a

66.7%

Operating margin (TTM)

n/a

40.3%

Net margin (TTM)

n/a

31.6%

Sector

Financials

Industry

n/a

Financial - Capital Markets

HQ country

Primary segment

Mainland China

Rates

Market structure

Oligopoly

Market share

n/a

HHI estimate

n/a

Pricing power

n/a

Moderate

Moat score

67 / 100

70 / 100

Moat domains

Legal, Supply, Demand

Network, Demand, Legal, Supply

Last update

2026-01-12

2026-01-06

Moat coverage

Shared moat types

Long Term ContractsBrand Trust

AIA Group Limited strengths

Concession LicenseService Field Network

Tradeweb Markets Inc. strengths

Two Sided NetworkData Workflow LockinCompliance AdvantageEcosystem ComplementsScope Economies

Segment mix

AIA Group Limited segments

Full profile >

Mainland China

Oligopoly

n/a

Hong Kong (including Macau)

Oligopoly

n/a

Thailand

Oligopoly

n/a

Singapore (including Brunei)

Oligopoly

n/a

Malaysia

Oligopoly

n/a

Other Markets

Competitive

n/a

Tradeweb Markets Inc. segments

Full profile >

Rates

Oligopoly

52.4%

Credit

Oligopoly

26.6%

Equities

Competitive

Money Markets

Oligopoly

6.7%

Market Data

Competitive

6.8%

Other

Competitive

1.4%

Want the full wide moat stocks list?

Browse the full ranking of wide moat stocks, updated with moat scores and segment context.

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Looking for expansion-stage stocks?

Proven models entering the expansion stage with unit economics that work.

View expansion-stage stocks

Curation & Accuracy

This directory blends AI‑assisted discovery with human curation. Entries are reviewed, edited, and organized with the goal of expanding coverage and sharpening quality over time. Your feedback helps steer improvements (because no single human can capture everything all at once).

Details change. Pricing, features, and availability may be incomplete or out of date. Treat listings as a starting point and verify on the provider’s site before making decisions. If you spot an error or a gap, send a quick note and I’ll adjust.