VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

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Sunday, January 11, 2026

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Stock Comparison

Global Payments Inc. vs Lotus Bakeries NV

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

Global Payments Inc.

GPN · New York Stock Exchange

Market cap (USD)$18.8B

Gross margin (TTM)—

Operating margin (TTM)—

Net margin (TTM)—

SectorFinancials

Industry—

CountryUS

Data as of2026-01-10

Moat score

62/ 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 Global Payments Inc.'s moat claims, evidence, and risks.

View GPN analysis

Lotus Bakeries NV

LOTB · Euronext Brussels

Market cap (USD)$7.1B

Gross margin (TTM)28.7%

Operating margin (TTM)16.5%

Net margin (TTM)12.3%

SectorConsumer

IndustryPackaged Foods

CountryBE

Data as of2026-01-06

Moat score

64/ 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 Lotus Bakeries NV's moat claims, evidence, and risks.

View LOTB analysis

Comparison highlights

Moat score gap: Lotus Bakeries NV leads (64 / 100 vs 62 / 100 for Global Payments Inc.).
Segment focus: Global Payments Inc. has 2 segments (76.1% in Merchant Solutions); Lotus Bakeries NV has 3 segments (56% in Lotus Biscoff).
Primary market structure: Competitive vs Oligopoly. Pricing power: Moderate vs Strong.
Moat breadth: Global Payments Inc. has 6 moat types across 4 domains; Lotus Bakeries NV has 5 across 2.

Primary market context

Global Payments Inc.

Merchant Solutions

Market

Merchant acquiring and integrated payments (card-present and e-commerce)

Geography

Global

Customer

Merchants (SMB to enterprise) and software platforms

Role

Acquirer and payment processor

Revenue share

76.1%

Lotus Bakeries NV

Lotus Biscoff

Market

Branded caramelised biscuits (speculoos) and Biscoff spread

Geography

Global

Customer

Consumers via retail and away-from-home channels

Role

Brand owner and manufacturer

Revenue share

56%

Side-by-side metrics

Global Payments Inc.

Lotus Bakeries NV

Ticker / Exchange

GPN - New York Stock Exchange

LOTB - Euronext Brussels

Market cap (USD)

$18.8B

$7.1B

Gross margin (TTM)

n/a

28.7%

Operating margin (TTM)

n/a

16.5%

Net margin (TTM)

n/a

12.3%

Sector

Financials

Consumer

Industry

n/a

Packaged Foods

HQ country

Primary segment

Merchant Solutions

Lotus Biscoff

Market structure

Competitive

Oligopoly

Market share

n/a

HHI estimate

n/a

Pricing power

Moderate

Strong

Moat score

62 / 100

64 / 100

Moat domains

Network, Demand, Supply, Legal

Demand, Supply

Last update

2026-01-10

2026-01-06

Moat coverage

Shared moat types

No overlap yet.

Global Payments Inc. strengths

Ecosystem ComplementsData Workflow LockinScale Economies Unit CostLong Term ContractsSwitching Costs GeneralCompliance Advantage

Lotus Bakeries NV strengths

Brand TrustHabit DefaultCapacity MoatCapex Knowhow ScaleDistribution Control

Segment mix

Global Payments Inc. segments

Full profile >

Merchant Solutions

Competitive

76.1%

Issuer Solutions

Oligopoly

24.6%

Lotus Bakeries NV segments

Full profile >

Lotus Biscoff

Oligopoly

56%

Lotus Natural Foods

Competitive

24%

Lotus Local Heroes

Competitive

20%

Want the full wide moat stocks list?

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

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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.