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 ServiceNow, Inc.

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

ServiceNow, Inc.

NOW · New York Stock Exchange

Market cap (USD)$147.1B

Gross margin (TTM)78.1%

Operating margin (TTM)13.9%

Net margin (TTM)13.7%

SectorTechnology

IndustrySoftware - Application

CountryUS

Data as of2025-12-26

Moat score

80/ 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 ServiceNow, Inc.'s moat claims, evidence, and risks.

View NOW analysis

Comparison highlights

Moat score gap: ServiceNow, Inc. leads (80 / 100 vs 62 / 100 for Global Payments Inc.).
Segment focus: Global Payments Inc. has 2 segments (76.1% in Merchant Solutions); ServiceNow, Inc. has 3 segments (85.8% in Digital workflow products (subscription)).
Primary market structure: Competitive vs Oligopoly. Pricing power: Moderate vs Strong.
Moat breadth: Global Payments Inc. has 6 moat types across 4 domains; ServiceNow, Inc. 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%

ServiceNow, Inc.

Digital workflow products (subscription)

Market

Enterprise digital workflow automation and service management platform (ITSM/ESM, employee, customer, creator workflows)

Geography

Global

Customer

Large enterprises and public sector

Role

SaaS platform

Revenue share

85.8%

Side-by-side metrics

Global Payments Inc.

ServiceNow, Inc.

Ticker / Exchange

GPN - New York Stock Exchange

NOW - New York Stock Exchange

Market cap (USD)

$18.8B

$147.1B

Gross margin (TTM)

n/a

78.1%

Operating margin (TTM)

n/a

13.9%

Net margin (TTM)

n/a

13.7%

Sector

Financials

Technology

Industry

n/a

Software - Application

HQ country

Primary segment

Merchant Solutions

Digital workflow products (subscription)

Market structure

Competitive

Oligopoly

Market share

n/a

HHI estimate

n/a

Pricing power

Moderate

Strong

Moat score

62 / 100

80 / 100

Moat domains

Network, Demand, Supply, Legal

Demand, Network, Supply

Last update

2026-01-10

2025-12-26

Moat coverage

Shared moat types

Ecosystem ComplementsData Workflow Lockin

Global Payments Inc. strengths

Scale Economies Unit CostLong Term ContractsSwitching Costs GeneralCompliance Advantage

ServiceNow, Inc. strengths

Training Org Change CostsSuite BundlingDesign In QualificationService Field Network

Segment mix

Global Payments Inc. segments

Full profile >

Merchant Solutions

Competitive

76.1%

Issuer Solutions

Oligopoly

24.6%

ServiceNow, Inc. segments

Full profile >

Digital workflow products (subscription)

Oligopoly

85.8%

IT Operations Management (ITOM) products (subscription)

Competitive

11.1%

Professional services and other

Competitive

3.1%

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.