WIDE MOAT STOCKS COMPARISON

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Stock Comparison

FactSet Research Systems Inc. vs Intercontinental Exchange, Inc.

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

FactSet Research Systems Inc.

FDS · New York Stock Exchange

Market cap (USD)$11.5B
Gross margin (TTM)50.6%
Operating margin (TTM)28.3%
Net margin (TTM)21.5%
SectorFinancials
IndustryExchanges and financial data
CountryUS
Data as of2026-08-23
85/100
Moat score

Weighted across the company's segments.

Full stock profile

Dive deeper into FactSet Research Systems Inc.'s moat claims, evidence, and risks.

View FDS analysis

Intercontinental Exchange, Inc.

ICE · New York Stock Exchange

Market cap (USD)$97.3B
Gross margin (TTM)—
Operating margin (TTM)52.3%
Net margin (TTM)38.1%
SectorFinancials
IndustryExchanges and financial data
CountryUS
Data as of2026-08-23
89/100
Moat score

Weighted across the company's segments.

Full stock profile

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

View ICE analysis

Comparison highlights

  • Moat score gap: Intercontinental Exchange, Inc. leads (89 / 100 vs 85 / 100 for FactSet Research Systems Inc.).
  • Segment focus: FactSet Research Systems Inc. has 3 segments (64.9% in Americas); Intercontinental Exchange, Inc. has 4 segments (39.1% in Exchange transaction and clearing).
  • Primary market structure: Oligopoly vs Oligopoly. Pricing power: Moderate vs Strong.
  • Moat breadth: FactSet Research Systems Inc. has 3 moat types across 2 domains; Intercontinental Exchange, Inc. has 6 across 3.

Primary market context

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

64.9%

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

39.1%

Side-by-side metrics

FactSet Research Systems Inc.
Intercontinental Exchange, Inc.
Ticker / Exchange
FDS - New York Stock Exchange
ICE - New York Stock Exchange
Market cap (USD)
$11.5B
$97.3B
Gross margin (TTM)
50.6%
n/a
Operating margin (TTM)
28.3%
52.3%
Net margin (TTM)
21.5%
38.1%
Sector
Financials
Financials
Industry
Exchanges and financial data
Exchanges and financial data
HQ country
US
US
Primary segment
Americas
Exchange transaction and clearing
Market structure
Oligopoly
Oligopoly
Market share
n/a
n/a
HHI estimate
n/a
n/a
Pricing power
Moderate
Strong
Moat score
85 / 100
89 / 100
Moat domains
Demand, Network
Network, Financial, Demand
Last update
2026-09-05
2026-09-05

Moat coverage

Shared moat types

Data Workflow Lockin

FactSet Research Systems Inc. strengths

Procurement InertiaStandards Registry

Intercontinental Exchange, Inc. strengths

Two Sided NetworkBenchmark Pricing PowerClearing SettlementBrand TrustEcosystem Complements

Segment mix

FactSet Research Systems Inc. segments

Full profile >

Americas

Oligopoly

64.9%

EMEA

Oligopoly

25%

Asia Pacific

Oligopoly

10.1%

Intercontinental Exchange, Inc. segments

Full profile >

Exchange transaction and clearing

Oligopoly

39.1%

Exchange data, connectivity and listings

Oligopoly

15.4%

Fixed Income and Data Services

Oligopoly

24.4%

Mortgage Technology

Oligopoly

21.2%

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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.