WIDE MOAT STOCKS COMPARISON

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Stock Comparison

FactSet Research Systems Inc. vs Nasdaq, 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

Nasdaq, Inc.

NDAQ · The Nasdaq Stock Market

Market cap (USD)$61B
Gross margin (TTM)62.9%
Operating margin (TTM)29.7%
Net margin (TTM)22.7%
SectorFinancials
IndustryExchanges and financial data
CountryUS
Data as of2026-08-23
73/100
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: FactSet Research Systems Inc. leads (85 / 100 vs 73 / 100 for Nasdaq, Inc.).
  • Segment focus: FactSet Research Systems Inc. has 3 segments (64.9% in Americas); Nasdaq, Inc. has 3 segments (40.7% in Capital Access Platforms).
  • Moat breadth: FactSet Research Systems Inc. has 3 moat types across 2 domains; Nasdaq, Inc. has 5 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%

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

40.7%

Side-by-side metrics

FactSet Research Systems Inc.
Nasdaq, Inc.
Ticker / Exchange
FDS - New York Stock Exchange
NDAQ - The Nasdaq Stock Market
Market cap (USD)
$11.5B
$61B
Gross margin (TTM)
50.6%
62.9%
Operating margin (TTM)
28.3%
29.7%
Net margin (TTM)
21.5%
22.7%
Sector
Financials
Financials
Industry
Exchanges and financial data
Exchanges and financial data
HQ country
US
US
Primary segment
Americas
Capital Access Platforms
Market structure
Oligopoly
Oligopoly
Market share
n/a
n/a
HHI estimate
n/a
n/a
Pricing power
Moderate
Moderate
Moat score
85 / 100
73 / 100
Moat domains
Demand, Network
Legal, Network, 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

Nasdaq, Inc. strengths

Compliance AdvantageTwo Sided NetworkBrand TrustDe Facto Standard

Segment mix

FactSet Research Systems Inc. segments

Full profile >

Americas

Oligopoly

64.9%

EMEA

Oligopoly

25%

Asia Pacific

Oligopoly

10.1%

Nasdaq, Inc. segments

Full profile >

Market Services

Competitive

22.9%

Capital Access Platforms

Oligopoly

40.7%

Financial Technology

Competitive

35.2%

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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.