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 Nestle S.A.

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

Nestle S.A.

NESN · SIX Swiss Exchange

Market cap (USD)$194B

Gross margin (TTM)46.8%

Operating margin (TTM)15.5%

Net margin (TTM)11.8%

SectorConsumer

IndustryPackaged Foods

CountryCH

Data as of2025-12-30

Moat score

57/ 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 Nestle S.A.'s moat claims, evidence, and risks.

View NESN analysis

Comparison highlights

Moat score gap: Global Payments Inc. leads (62 / 100 vs 57 / 100 for Nestle S.A.).
Segment focus: Global Payments Inc. has 2 segments (76.1% in Merchant Solutions); Nestle S.A. has 7 segments (26.9% in Powdered and Liquid Beverages).
Primary market structure: Competitive vs Oligopoly. Pricing power: Moderate vs Moderate.
Moat breadth: Global Payments Inc. has 6 moat types across 4 domains; Nestle S.A. has 6 across 3.

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%

Nestle S.A.

Powdered and Liquid Beverages

Market

Packaged coffee (instant, roast and ground, portioned) and other powdered beverages (cocoa/malt, creamers)

Geography

Global

Customer

Consumers (end-users) via retail and e-commerce; plus out-of-home channels

Role

Branded manufacturer and marketer; system operator for portioned coffee (machines + capsules)

Revenue share

26.9%

Side-by-side metrics

Global Payments Inc.

Nestle S.A.

Ticker / Exchange

GPN - New York Stock Exchange

NESN - SIX Swiss Exchange

Market cap (USD)

$18.8B

$194B

Gross margin (TTM)

n/a

46.8%

Operating margin (TTM)

n/a

15.5%

Net margin (TTM)

n/a

11.8%

Sector

Financials

Consumer

Industry

n/a

Packaged Foods

HQ country

Primary segment

Merchant Solutions

Powdered and Liquid Beverages

Market structure

Competitive

Oligopoly

Market share

n/a

25% (reported)

HHI estimate

n/a

Pricing power

Moderate

Moat score

62 / 100

57 / 100

Moat domains

Network, Demand, Supply, Legal

Demand, Supply, Legal

Last update

2026-01-10

2025-12-30

Moat coverage

Shared moat types

Compliance Advantage

Global Payments Inc. strengths

Ecosystem ComplementsData Workflow LockinScale Economies Unit CostLong Term ContractsSwitching Costs General

Nestle S.A. strengths

Brand TrustPreferential Input AccessInstalled Base ConsumablesLearning Curve YieldDistribution Control

Segment mix

Global Payments Inc. segments

Full profile >

Merchant Solutions

Competitive

76.1%

Issuer Solutions

Oligopoly

24.6%

Nestle S.A. segments

Full profile >

Powdered and Liquid Beverages

Oligopoly

26.9%

PetCare

Oligopoly

20.7%

Nutrition and Health Science

Oligopoly

16.6%

Prepared dishes and cooking aids

Competitive

11.7%

Milk products and Ice cream

Competitive

11.4%

Confectionery

Oligopoly

9.2%

Water

Competitive

3.5%

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.