VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

NO ADVICE

Stock Comparison

Fair Isaac Corporation vs Intercontinental Exchange, Inc.

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

Fair Isaac Corporation

FICO · New York Stock Exchange

Market cap (USD)$23.2B
Gross margin (TTM)82.9%
Operating margin (TTM)47.5%
Net margin (TTM)31.9%
SectorTechnology
IndustrySoftware - Application
CountryUS
Data as of2025-12-31
Moat score
82/ 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 Fair Isaac Corporation's moat claims, evidence, and risks.

View FICO analysis

Intercontinental Exchange, Inc.

ICE · New York Stock Exchange

Market cap (USD)$89B
Gross margin (TTM)61.9%
Operating margin (TTM)38.7%
Net margin (TTM)26.1%
SectorFinancials
IndustryFinancial - Data & Stock Exchanges
CountryUS
Data as of2026-04-24
Moat score
90/ 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 Intercontinental Exchange, Inc.'s moat claims, evidence, and risks.

View ICE analysis

Comparison highlights

  • Moat score gap: Intercontinental Exchange, Inc. leads (90 / 100 vs 82 / 100 for Fair Isaac Corporation).
  • Segment focus: Fair Isaac Corporation has 2 segments (58.7% in Scores); Intercontinental Exchange, Inc. has 4 segments (39.1% in Exchange transaction and clearing).
  • Primary market structure: Quasi-Monopoly vs Oligopoly. Pricing power: Strong vs Strong.
  • Moat breadth: Fair Isaac Corporation has 5 moat types across 2 domains; Intercontinental Exchange, Inc. has 8 across 4.

Primary market context

Fair Isaac Corporation

Scores

Market

Consumer credit scoring and related predictive scores used in lending decisions

Geography

Primarily United States; also international

Customer

Lenders (mortgage, credit card, auto, etc.), consumer reporting agencies, and consumers (B2C)

Role

Score model developer/licensor; distribution via consumer reporting agencies and direct-to-consumer channels

Revenue share

58.7%

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

Fair Isaac Corporation
Intercontinental Exchange, Inc.
Ticker / Exchange
FICO - New York Stock Exchange
ICE - New York Stock Exchange
Market cap (USD)
$23.2B
$89B
Gross margin (TTM)
82.9%
61.9%
Operating margin (TTM)
47.5%
38.7%
Net margin (TTM)
31.9%
26.1%
Sector
Technology
Financials
Industry
Software - Application
Financial - Data & Stock Exchanges
HQ country
US
US
Primary segment
Scores
Exchange transaction and clearing
Market structure
Quasi-Monopoly
Oligopoly
Market share
90% (reported)
18.9%-19% (reported)
HHI estimate
n/a
n/a
Pricing power
Strong
Strong
Moat score
82 / 100
90 / 100
Moat domains
Network, Demand
Network, Financial, Demand, Supply
Last update
2025-12-31
2026-04-24

Moat coverage

Shared moat types

Brand TrustData Workflow Lockin

Fair Isaac Corporation strengths

De Facto StandardFormat Lock InSwitching Costs General

Intercontinental Exchange, Inc. strengths

Two Sided NetworkBenchmark Pricing PowerClearing SettlementScope EconomiesEcosystem ComplementsData Network Effects

Segment mix

Fair Isaac Corporation segments

Full profile >

Scores

Quasi-Monopoly

58.7%

Software

Competitive

41.3%

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

Quasi-Monopoly

21.2%

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.