VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

NO ADVICE

Stock Comparison

Intercontinental Exchange, Inc. vs Wise plc

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)$89B
Gross margin (TTM)61.9%
Operating margin (TTM)38.7%
Net margin (TTM)26.1%
SectorFinancials
IndustryFinancial - Data & Stock Exchanges
CountryUS
Data as of2026-04-24
Moat score
90/ 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 Intercontinental Exchange, Inc.'s moat claims, evidence, and risks.

View ICE analysis

Wise plc

WISE · London Stock Exchange

Market cap (USD)$14.1B
Gross margin (TTM)56%
Operating margin (TTM)32.2%
Net margin (TTM)23.5%
SectorFinancials
IndustryInformation Technology Services
CountryGB
Data as of2026-04-24
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 Wise plc's moat claims, evidence, and risks.

View WISE analysis

Comparison highlights

  • Moat score gap: Intercontinental Exchange, Inc. leads (90 / 100 vs 57 / 100 for Wise plc).
  • Segment focus: Intercontinental Exchange, Inc. has 4 segments (39.1% in Exchange transaction and clearing); Wise plc has 2 segments (74.7% in Personal international account and cross-border transfers).
  • Primary market structure: Oligopoly vs Competitive. Pricing power: Strong vs Weak.
  • Moat breadth: Intercontinental Exchange, Inc. has 8 moat types across 4 domains; Wise plc has 6 across 5.

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%

Wise plc

Personal international account and cross-border transfers

Market

Personal cross-border money movement, international account, card and multi-currency balance services

Geography

Global, across more than 160 countries and 40 currencies

Customer

Consumers, expatriates, travellers, migrants, freelancers and internationally active individuals

Role

Digital cross-border transfer, account, card, FX conversion and balance-management provider

Revenue share

74.7%

Side-by-side metrics

Intercontinental Exchange, Inc.
Wise plc
Ticker / Exchange
ICE - New York Stock Exchange
WISE - London Stock Exchange
Market cap (USD)
$89B
$14.1B
Gross margin (TTM)
61.9%
56%
Operating margin (TTM)
38.7%
32.2%
Net margin (TTM)
26.1%
23.5%
Sector
Financials
Financials
Industry
Financial - Data & Stock Exchanges
Information Technology Services
HQ country
US
GB
Primary segment
Exchange transaction and clearing
Personal international account and cross-border transfers
Market structure
Oligopoly
Competitive
Market share
18.9%-19% (reported)
4.5%-5.5% (reported)
HHI estimate
n/a
n/a
Pricing power
Strong
Weak
Moat score
90 / 100
57 / 100
Moat domains
Network, Financial, Demand, Supply
Supply, Demand, Financial, Network, Legal
Last update
2026-04-24
2026-04-24

Moat coverage

Shared moat types

Brand TrustData Workflow Lockin

Intercontinental Exchange, Inc. strengths

Two Sided NetworkBenchmark Pricing PowerClearing SettlementScope EconomiesEcosystem ComplementsData Network Effects

Wise plc strengths

Scale Economies Unit CostFloat PrepaymentInteroperability HubCompliance Advantage

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

Quasi-Monopoly

21.2%

Wise plc segments

Full profile >

Personal international account and cross-border transfers

Competitive

74.7%

Wise Business and Wise Platform

Competitive

25.3%

Want the full wide moat stocks list?

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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.