VOL. XCIV, NO. 247

* MOAT STOCKS COMPARISON *

NO ADVICE

Friday, December 26, 2025

Stock Comparison

Broadridge Financial Solutions, Inc. vs MarketAxess Holdings 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)
SectorTechnology
CountryUS
Data as of2025-12-26
Moat score
91/ 100

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

View full moat analysis >

MarketAxess Holdings Inc.

MKTX · NASDAQ Global Select Market

Market cap (USD)$6.7B
SectorFinancials
CountryUS
Data as of2025-12-23
Moat score
74/ 100

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

View full moat analysis >

Side-by-side metrics

Broadridge Financial Solutions, Inc.
MarketAxess Holdings Inc.
Ticker / Exchange
BR - New York Stock Exchange
MKTX - NASDAQ Global Select Market
Market cap (USD)
n/a
$6.7B
Sector
Technology
Financials
HQ country
US
US
Primary segment
Investor Communication Solutions
Trade Execution Solutions
Market structure
Quasi-Monopoly
Oligopoly
Market share
85%-95% (estimated)
19% (reported)
HHI estimate
8,200
n/a
Pricing power
Moderate
Moderate
Moat score
91 / 100
74 / 100
Moat domains
Legal, Supply, Network, Demand
Network, Demand, Legal
Last update
2025-12-26
2025-12-23

Moat coverage

Shared moat types

Two Sided NetworkSwitching Costs General

Broadridge Financial Solutions, Inc. strengths

Regulated Standards PipeScale Economies Unit CostInteroperability Hub

MarketAxess Holdings Inc. strengths

Data Workflow LockinData Network EffectsCompliance AdvantageEcosystem Complements

Segment mix

Broadridge Financial Solutions, Inc. segments

Full profile >

Investor Communication Solutions

Quasi-Monopoly

74.2%

Global Technology and Operations

Oligopoly

25.8%

MarketAxess Holdings Inc. segments

Full profile >

Trade Execution Solutions

Oligopoly

87.1%

Services (Data, Post-Trade and Technology)

Competitive

12.9%

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.