VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

Stock Comparison

Broadridge Financial Solutions, Inc. vs Intercontinental Exchange, Inc.

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

Broadridge Financial Solutions, Inc.

BR · New York Stock Exchange

Market cap (USD)$17B
Gross margin (TTM)31.3%
Operating margin (TTM)17.1%
Net margin (TTM)15%
SectorIndustrials
IndustryInformation Technology Services
CountryUS
Data as of2026-05-26
Moat score
91/ 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 Broadridge Financial Solutions, Inc.'s moat claims, evidence, and risks.

View BR analysis

Intercontinental Exchange, Inc.

ICE · New York Stock Exchange

Market cap (USD)$84.4B
Gross margin (TTM)69%
Operating margin (TTM)40.8%
Net margin (TTM)30%
SectorFinancials
IndustryFinancial - Data & Stock Exchanges
CountryUS
Data as of2026-05-26
Moat score
91/ 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 Intercontinental Exchange, Inc.'s moat claims, evidence, and risks.

View ICE analysis

Comparison highlights

  • Moat score: both at 91 / 100.
  • Segment focus: Broadridge Financial Solutions, Inc. has 2 segments (72.8% in Investor Communication Solutions); Intercontinental Exchange, Inc. has 4 segments (46.2% in Exchange transaction and clearing).
  • Primary market structure: Quasi-Monopoly vs Oligopoly. Pricing power: Moderate vs Strong.
  • Moat breadth: Broadridge Financial Solutions, Inc. has 5 moat types across 4 domains; Intercontinental Exchange, Inc. has 8 across 4.

Primary market context

Broadridge Financial Solutions, Inc.

Investor Communication Solutions

Market

Proxy distribution, vote processing, and regulatory investor communications

Geography

Primarily United States (with select international services)

Customer

Public companies, mutual funds, banks and broker-dealers, asset managers

Role

Outsourced intermediary for shareholder communications and proxy voting workflows

Revenue share

72.8%

Intercontinental Exchange, Inc.

Exchange transaction and clearing

Market

Global regulated derivatives, cash equities, equity options, OTC energy trading and clearing venues

Geography

Global, with major venues and clearing houses in the U.S., U.K., EU, Canada, Asia Pacific and the Middle East

Customer

Financial institutions, asset managers, market makers, hedgers, corporates, energy firms and brokers

Role

Regulated exchange operator, execution venue and central counterparty clearing infrastructure

Revenue share

46.2%

Side-by-side metrics

Broadridge Financial Solutions, Inc.
Intercontinental Exchange, Inc.
Ticker / Exchange
BR - New York Stock Exchange
ICE - New York Stock Exchange
Market cap (USD)
$17B
$84.4B
Gross margin (TTM)
31.3%
69%
Operating margin (TTM)
17.1%
40.8%
Net margin (TTM)
15%
30%
Sector
Industrials
Financials
Industry
Information Technology Services
Financial - Data & Stock Exchanges
HQ country
US
US
Primary segment
Investor Communication Solutions
Exchange transaction and clearing
Market structure
Quasi-Monopoly
Oligopoly
Market share
85%-95% (estimated)
19.8%-20.1% (reported)
HHI estimate
8,200
n/a
Pricing power
Moderate
Strong
Moat score
91 / 100
91 / 100
Moat domains
Legal, Supply, Network, Demand
Network, Financial, Demand, Supply
Last update
2026-05-26
2026-05-26

Moat coverage

Shared moat types

Two Sided Network

Broadridge Financial Solutions, Inc. strengths

Regulated Standards PipeScale Economies Unit CostSwitching Costs GeneralInteroperability Hub

Intercontinental Exchange, Inc. strengths

Benchmark Pricing PowerClearing SettlementBrand TrustData Workflow LockinScope EconomiesEcosystem ComplementsData Network Effects

Segment mix

Broadridge Financial Solutions, Inc. segments

Full profile >

Investor Communication Solutions

Quasi-Monopoly

72.8%

Global Technology and Operations

Oligopoly

27.2%

Intercontinental Exchange, Inc. segments

Full profile >

Exchange transaction and clearing

Oligopoly

46.2%

Exchange data, connectivity and listings

Oligopoly

13.6%

Fixed Income and Data Services

Oligopoly

22.1%

Mortgage Technology

Quasi-Monopoly

18.1%

Want the full wide moat stocks list?

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

View the moat stocks list

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.