VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

Stock Comparison

Euronext N.V. vs FactSet Research Systems Inc.

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

Euronext N.V.

ENX · Euronext Paris

Market cap (USD)$16.8B
Gross margin (TTM)88.8%
Operating margin (TTM)51.3%
Net margin (TTM)35.5%
SectorFinancials
IndustryFinancial - Data & Stock Exchanges
CountryNL
Data as of2026-01-03
Moat score
74/ 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 Euronext N.V.'s moat claims, evidence, and risks.

View ENX analysis

FactSet Research Systems Inc.

FDS · New York Stock Exchange

Market cap (USD)$8.5B
Gross margin (TTM)51.9%
Operating margin (TTM)31.2%
Net margin (TTM)24.5%
SectorFinancials
IndustryFinancial - Data & Stock Exchanges
CountryUS
Data as of2026-05-27
Moat score
72/ 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 FactSet Research Systems Inc.'s moat claims, evidence, and risks.

View FDS analysis

Comparison highlights

  • Moat score gap: Euronext N.V. leads (74 / 100 vs 72 / 100 for FactSet Research Systems Inc.).
  • Segment focus: Euronext N.V. has 7 segments (34.4% in Trading); FactSet Research Systems Inc. has 3 segments (65.3% in Americas).
  • Moat breadth: Euronext N.V. has 7 moat types across 4 domains; FactSet Research Systems Inc. has 5 across 3.

Primary market context

Euronext N.V.

Trading

Market

Multi-asset exchange trading venues (cash equities, derivatives, fixed income, FX, power)

Geography

Europe (with global participants)

Customer

Broker-dealers, banks, proprietary trading firms, asset managers, and other market participants

Role

Trading venue operator

Revenue share

34.4%

FactSet Research Systems Inc.

Americas

Market

Americas financial market data, analytics, workstations and enterprise data solutions

Geography

North, Central and South America

Customer

Institutional asset managers, wealth managers, bankers, asset owners, hedge funds, private equity, corporate users and market-infrastructure partners

Role

Subscription data, analytics, workstation, portfolio, enterprise data, API and identifier provider

Revenue share

65.3%

Side-by-side metrics

Euronext N.V.
FactSet Research Systems Inc.
Ticker / Exchange
ENX - Euronext Paris
FDS - New York Stock Exchange
Market cap (USD)
$16.8B
$8.5B
Gross margin (TTM)
88.8%
51.9%
Operating margin (TTM)
51.3%
31.2%
Net margin (TTM)
35.5%
24.5%
Sector
Financials
Financials
Industry
Financial - Data & Stock Exchanges
Financial - Data & Stock Exchanges
HQ country
NL
US
Primary segment
Trading
Americas
Market structure
Oligopoly
Oligopoly
Market share
64.8% (reported)
5.5%-6.5% (implied)
HHI estimate
n/a
n/a
Pricing power
Moderate
Moderate
Moat score
74 / 100
72 / 100
Moat domains
Legal, Network, Supply, Demand
Demand, Network, Supply
Last update
2026-01-03
2026-05-27

Moat coverage

Shared moat types

Operational ExcellenceData Workflow Lockin

Euronext N.V. strengths

Concession LicenseTwo Sided NetworkIP Choke PointFormat Lock InClearing Settlement

FactSet Research Systems Inc. strengths

Procurement InertiaStandards RegistryInteroperability Hub

Segment mix

Euronext N.V. segments

Full profile >

Listing

Oligopoly

14.3%

Trading

Oligopoly

34.4%

Advanced Data Services

Quasi-Monopoly

14.9%

Clearing

Oligopoly

12.4%

Custody & Settlement

Quasi-Monopoly

16.6%

Technology Solutions & Other

Competitive

6.5%

Investor Services

Competitive

0.9%

FactSet Research Systems Inc. segments

Full profile >

Americas

Oligopoly

65.3%

EMEA

Oligopoly

24.5%

Asia Pacific

Oligopoly

10.2%

Want the full wide moat stocks list?

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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.