WIDE MOAT STOCKS COMPARISON

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Stock Comparison

Euronext N.V. vs Nasdaq, 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)$18.9B
Gross margin (TTM)89.5%
Operating margin (TTM)52.1%
Net margin (TTM)35.9%
SectorFinancials
IndustryFinancial - Data & Stock Exchanges
CountryNL
Data as of2026-08-23
75/100
Moat score

Weighted across the company's segments.

Full stock profile

Dive deeper into Euronext N.V.'s moat claims, evidence, and risks.

View ENX analysis

Nasdaq, Inc.

NDAQ · The Nasdaq Stock Market

Market cap (USD)$54.2B
Gross margin (TTM)59.4%
Operating margin (TTM)31.6%
Net margin (TTM)22.6%
SectorFinancials
IndustryFinancial - Data & Stock Exchanges
CountryUS
Data as of2026-08-23
80/100
Moat score

Weighted across the company's segments.

Full stock profile

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

View NDAQ analysis

Comparison highlights

  • Moat score gap: Nasdaq, Inc. leads (80 / 100 vs 75 / 100 for Euronext N.V.).
  • Segment focus: Euronext N.V. has 6 segments (42.5% in Trading); Nasdaq, Inc. has 3 segments (41.4% in Capital Access Platforms).
  • Moat breadth: Euronext N.V. has 4 moat types across 2 domains; Nasdaq, 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

42.5%

Nasdaq, Inc.

Capital Access Platforms

Market

Issuer and investor solutions: listings, index licensing, market data, and investment analytics/workflow platforms

Geography

Global (with major exposure to U.S. and Nordic/Baltic markets)

Customer

Public/private companies (issuers), asset managers, institutional investors, data subscribers

Role

Listing venue + index administrator/licensor + data/analytics provider

Revenue share

41.4%

Side-by-side metrics

Euronext N.V.
Nasdaq, Inc.
Ticker / Exchange
ENX - Euronext Paris
NDAQ - The Nasdaq Stock Market
Market cap (USD)
$18.9B
$54.2B
Gross margin (TTM)
89.5%
59.4%
Operating margin (TTM)
52.1%
31.6%
Net margin (TTM)
35.9%
22.6%
Sector
Financials
Financials
Industry
Financial - Data & Stock Exchanges
Financial - Data & Stock Exchanges
HQ country
NL
US
Primary segment
Trading
Capital Access Platforms
Market structure
Oligopoly
Oligopoly
Market share
66.2% (reported)
73%-75% (reported)
HHI estimate
n/a
n/a
Pricing power
Moderate
Moderate
Moat score
75 / 100
80 / 100
Moat domains
Legal, Network
Legal, Network, Demand
Last update
2026-09-05
2026-09-05

Moat coverage

Shared moat types

Concession LicenseTwo Sided Network

Euronext N.V. strengths

IP Choke PointClearing Settlement

Nasdaq, Inc. strengths

Brand TrustDe Facto StandardData Workflow Lockin

Segment mix

Euronext N.V. segments

Full profile >

Listing

Oligopoly

10%

Trading

Oligopoly

42.5%

Advanced Data Services

Quasi-Monopoly

13.3%

Clearing

Oligopoly

4.1%

Securities Services

Quasi-Monopoly

17.8%

Corporate, Investor and Technology Services

Competitive

12.4%

Nasdaq, Inc. segments

Full profile >

Market Services

Competitive

22.7%

Capital Access Platforms

Oligopoly

41.4%

Financial Technology

Competitive

35.9%

Act on this comparison

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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.