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 Xero Limited

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

Xero Limited

XRO · Australian Securities Exchange

Market cap (USD)$18.3B

Gross margin (TTM)85.3%

Operating margin (TTM)17.6%

Net margin (TTM)11.5%

SectorTechnology

IndustrySoftware - Application

CountryNZ

Data as of2026-01-02

Moat score

71/ 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 Xero Limited's moat claims, evidence, and risks.

View XRO analysis

Comparison highlights

Moat score gap: Xero Limited leads (71 / 100 vs 62 / 100 for Global Payments Inc.).
Segment focus: Global Payments Inc. has 2 segments (76.1% in Merchant Solutions); Xero Limited has 2 segments.
Primary market structure: Competitive vs Oligopoly. Pricing power: Moderate vs Moderate.
Moat breadth: Global Payments Inc. has 6 moat types across 4 domains; Xero Limited has 7 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%

Xero Limited

Core Accounting Subscription Platform

Market

Cloud accounting software for small businesses and their advisors

Geography

Global

Customer

SMB; accountants & bookkeepers

Role

Software platform (SaaS)

Side-by-side metrics

Global Payments Inc.

Xero Limited

Ticker / Exchange

GPN - New York Stock Exchange

XRO - Australian Securities Exchange

Market cap (USD)

$18.8B

$18.3B

Gross margin (TTM)

n/a

85.3%

Operating margin (TTM)

n/a

17.6%

Net margin (TTM)

n/a

11.5%

Sector

Financials

Technology

Industry

n/a

Software - Application

HQ country

Primary segment

Merchant Solutions

Core Accounting Subscription Platform

Market structure

Competitive

Oligopoly

Market share

n/a

HHI estimate

n/a

Pricing power

Moderate

Moat score

62 / 100

71 / 100

Moat domains

Network, Demand, Supply, Legal

Demand, Network, Financial

Last update

2026-01-10

2026-01-02

Moat coverage

Shared moat types

Ecosystem ComplementsData Workflow LockinSwitching Costs General

Global Payments Inc. strengths

Scale Economies Unit CostLong Term ContractsCompliance Advantage

Xero Limited strengths

Two Sided NetworkBenchmark Pricing PowerInteroperability HubSuite Bundling

Segment mix

Global Payments Inc. segments

Full profile >

Merchant Solutions

Competitive

76.1%

Issuer Solutions

Oligopoly

24.6%

Xero Limited segments

Full profile >

Core Accounting Subscription Platform

Oligopoly

n/a

Platform Services (Payments, Payroll, App Ecosystem)

Competitive

n/a

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.

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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.