VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

NO ADVICE

Sunday, January 11, 2026

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Stock Comparison

Fiserv, Inc. vs KKR & Co. Inc.

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

Fiserv, Inc.

FISV · NASDAQ

Market cap (USD)$37.7B

Gross margin (TTM)—

Operating margin (TTM)—

Net margin (TTM)—

SectorFinancials

Industry—

CountryUS

Data as of2026-01-10

Moat score

67/ 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 Fiserv, Inc.'s moat claims, evidence, and risks.

View FISV analysis

KKR & Co. Inc.

KKR · New York Stock Exchange

Market cap (USD)$120B

Gross margin (TTM)19.5%

Operating margin (TTM)2.6%

Net margin (TTM)14.1%

SectorFinancials

IndustryAsset Management

CountryUS

Data as of2026-01-06

Moat score

67/ 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 KKR & Co. Inc.'s moat claims, evidence, and risks.

View KKR analysis

Comparison highlights

Moat score: both at 67 / 100.
Segment focus: Fiserv, Inc. has 2 segments (50.4% in Merchant); KKR & Co. Inc. has 3 segments (52.3% in Asset Management).
Moat breadth: Fiserv, Inc. has 6 moat types across 3 domains; KKR & Co. Inc. has 7 across 4.

Primary market context

Fiserv, Inc.

Merchant

Market

Merchant acquiring and commerce enablement (SMB + enterprise omnichannel payments, POS, gateway/orchestration, and related software)

Geography

Global

Customer

Merchants (SMB and enterprise), plus channel partners (ISVs/ISOs/financial institutions) that serve or refer merchants

Role

Merchant acquirer / payment processor / commerce and POS platform provider

Revenue share

50.4%

KKR & Co. Inc.

Asset Management

Market

Alternative asset management (private equity, private credit, real assets, and related strategies)

Geography

Global

Customer

Institutional and wealth investors (LPs) allocating to private markets

Role

General partner / investment manager

Revenue share

52.3%

Side-by-side metrics

Fiserv, Inc.

KKR & Co. Inc.

Ticker / Exchange

FISV - NASDAQ

KKR - New York Stock Exchange

Market cap (USD)

$37.7B

$120B

Gross margin (TTM)

n/a

19.5%

Operating margin (TTM)

n/a

2.6%

Net margin (TTM)

n/a

14.1%

Sector

Financials

Industry

n/a

Asset Management

HQ country

Primary segment

Merchant

Asset Management

Market structure

Oligopoly

Market share

n/a

3.5%-5% (implied)

HHI estimate

n/a

Pricing power

Moderate

Moat score

67 / 100

Moat domains

Network, Supply, Demand

Demand, Supply, Financial, Legal

Last update

2026-01-10

2026-01-06

Moat coverage

Shared moat types

Scale Economies Unit Cost

Fiserv, Inc. strengths

Ecosystem ComplementsDistribution ControlTraining Org Change CostsTwo Sided NetworkSuite Bundling

KKR & Co. Inc. strengths

Long Term ContractsBrand TrustDeal sourcing and origination relationshipsFloat PrepaymentCompliance AdvantageCapital markets and exit execution capability

Segment mix

Fiserv, Inc. segments

Full profile >

Merchant

Oligopoly

50.4%

Financial

Oligopoly

49.6%

KKR & Co. Inc. segments

Full profile >

Asset Management

Oligopoly

52.3%

Insurance

Competitive

46.5%

Strategic Holdings

Competitive

1.2%

Want the full wide moat stocks list?

Browse the full ranking of wide moat stocks, updated with moat scores and segment context.

View the moat stocks list

Looking for expansion-stage stocks?

Proven models entering the expansion stage with unit economics that work.

View expansion-stage stocks

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.