WIDE MOAT STOCKS COMPARISON

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Stock Comparison

Intercontinental Exchange, Inc. vs Moody's Corporation

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

Intercontinental Exchange, Inc.

ICE · New York Stock Exchange

Market cap (USD)$86.2B
Gross margin (TTM)—
Operating margin (TTM)51.8%
Net margin (TTM)38.2%
SectorFinancials
IndustryExchanges and financial data
CountryUS
Data as of2026-08-23
89/100
Moat score

Weighted across the company's segments.

Full stock profile

Dive deeper into Intercontinental Exchange, Inc.'s moat claims, evidence, and risks.

View ICE analysis

Moody's Corporation

MCO · New York Stock Exchange

Market cap (USD)$77.6B
Gross margin (TTM)—
Operating margin (TTM)44.8%
Net margin (TTM)34.3%
SectorFinancials
IndustryExchanges and financial data
CountryUS
Data as of2026-08-23
80/100
Moat score

Weighted across the company's segments.

Full stock profile

Dive deeper into Moody's Corporation's moat claims, evidence, and risks.

View MCO analysis

Comparison highlights

  • Moat score gap: Intercontinental Exchange, Inc. leads (89 / 100 vs 80 / 100 for Moody's Corporation).
  • Segment focus: Intercontinental Exchange, Inc. has 4 segments (39.1% in Exchange transaction and clearing); Moody's Corporation has 2 segments (53.4% in Moody's Investors Service (Credit Ratings)).
  • Moat breadth: Intercontinental Exchange, Inc. has 6 moat types across 3 domains; Moody's Corporation has 2 across 2.

Primary market context

Intercontinental Exchange, Inc.

Exchange transaction and clearing

Market

Global regulated derivatives, cash equities, equity options, OTC energy trading and clearing venues

Geography

Global, with major venues and clearing houses in the U.S., U.K., EU, Canada, Asia Pacific and the Middle East

Customer

Financial institutions, asset managers, market makers, hedgers, corporates, energy firms and brokers

Role

Regulated exchange operator, execution venue and central counterparty clearing infrastructure

Revenue share

39.1%

Moody's Corporation

Moody's Investors Service (Credit Ratings)

Market

Credit ratings and ratings-related research

Geography

Global

Customer

Issuers, investors, regulators

Role

Credit rating agency and research provider

Revenue share

53.4%

Side-by-side metrics

Intercontinental Exchange, Inc.
Moody's Corporation
Ticker / Exchange
ICE - New York Stock Exchange
MCO - New York Stock Exchange
Market cap (USD)
$86.2B
$77.6B
Gross margin (TTM)
n/a
n/a
Operating margin (TTM)
51.8%
44.8%
Net margin (TTM)
38.2%
34.3%
Sector
Financials
Financials
Industry
Exchanges and financial data
Exchanges and financial data
HQ country
US
US
Primary segment
Exchange transaction and clearing
Moody's Investors Service (Credit Ratings)
Market structure
Oligopoly
Oligopoly
Market share
n/a
29.6% (reported)
HHI estimate
n/a
3,568
Pricing power
Strong
Strong
Moat score
89 / 100
80 / 100
Moat domains
Network, Financial, Demand
Network, Demand
Last update
2026-09-05
2026-09-05

Moat coverage

Shared moat types

Data Workflow Lockin

Intercontinental Exchange, Inc. strengths

Two Sided NetworkBenchmark Pricing PowerClearing SettlementBrand TrustEcosystem Complements

Moody's Corporation strengths

De Facto Standard

Segment mix

Intercontinental Exchange, Inc. segments

Full profile >

Exchange transaction and clearing

Oligopoly

39.1%

Exchange data, connectivity and listings

Oligopoly

15.4%

Fixed Income and Data Services

Oligopoly

24.4%

Mortgage Technology

Oligopoly

21.2%

Moody's Corporation segments

Full profile >

Moody's Investors Service (Credit Ratings)

Oligopoly

53.4%

Moody's Analytics (Risk & Data/Software)

Competitive

46.6%

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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).

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