VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

Stock Comparison

Edenred SE vs Mastercard Incorporated

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

Edenred SE

EDEN · Euronext Paris

Market cap (USD)$6.2B
Gross margin (TTM)49.3%
Operating margin (TTM)33.2%
Net margin (TTM)19.3%
SectorFinancials
IndustryFinancial - Credit Services
CountryFR
Data as of2026-05-27
Moat score
68/ 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 Edenred SE's moat claims, evidence, and risks.

View EDEN analysis

Mastercard Incorporated

MA · New York Stock Exchange

Market cap (USD)$437.6B
Gross margin (TTM)83%
Operating margin (TTM)59.4%
Net margin (TTM)45.9%
SectorFinancials
IndustryFinancial - Credit Services
CountryUS
Data as of2026-05-27
Moat score
76/ 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 Mastercard Incorporated's moat claims, evidence, and risks.

View MA analysis

Comparison highlights

  • Moat score gap: Mastercard Incorporated leads (76 / 100 vs 68 / 100 for Edenred SE).
  • Segment focus: Edenred SE has 3 segments (67.6% in Benefits & Engagement); Mastercard Incorporated has 2 segments (58.9% in Payment Network).
  • Moat breadth: Edenred SE has 7 moat types across 5 domains; Mastercard Incorporated has 6 across 3.

Primary market context

Edenred SE

Benefits & Engagement

Market

Employee benefits and engagement solutions (meal vouchers, gift/incentives, engagement platforms)

Geography

Global

Customer

Employers / HR departments

Role

Issuer + payment network orchestrator (specific-purpose payments)

Revenue share

67.6%

Mastercard Incorporated

Payment Network

Market

Four-party card payment network (switching, acceptance, and network-related services)

Geography

Global

Customer

Issuers, acquirers, merchants, account holders

Role

Network operator (authorization, clearing, settlement) and rules/standards steward

Revenue share

58.9%

Side-by-side metrics

Edenred SE
Mastercard Incorporated
Ticker / Exchange
EDEN - Euronext Paris
MA - New York Stock Exchange
Market cap (USD)
$6.2B
$437.6B
Gross margin (TTM)
49.3%
83%
Operating margin (TTM)
33.2%
59.4%
Net margin (TTM)
19.3%
45.9%
Sector
Financials
Financials
Industry
Financial - Credit Services
Financial - Credit Services
HQ country
FR
US
Primary segment
Benefits & Engagement
Payment Network
Market structure
Oligopoly
Oligopoly
Market share
n/a
29.7% (reported)
HHI estimate
n/a
n/a
Pricing power
Moderate
Moderate
Moat score
68 / 100
76 / 100
Moat domains
Legal, Network, Financial, Demand, Supply
Network, Demand, Legal
Last update
2026-05-27
2026-05-27

Moat coverage

Shared moat types

Regulated Standards PipeTwo Sided NetworkBrand Trust

Edenred SE strengths

Float PrepaymentSwitching Costs GeneralCapex Knowhow ScaleSuite Bundling

Mastercard Incorporated strengths

Clearing SettlementData Network EffectsData Workflow Lockin

Segment mix

Edenred SE segments

Full profile >

Benefits & Engagement

Oligopoly

67.6%

Mobility

Oligopoly

25%

Payment Solutions & New Markets

Competitive

7.5%

Mastercard Incorporated segments

Full profile >

Payment Network

Oligopoly

58.9%

Value-Added Services and Solutions

Competitive

41.1%

Want the full wide moat stocks list?

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Looking for expansion-stage stocks?

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

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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.