VOL. XCIV, NO. 247

* MOAT STOCKS COMPARISON *

NO ADVICE

Friday, December 26, 2025

Stock Comparison

Jack Henry & Associates, Inc. vs MarketAxess Holdings Inc.

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

Jack Henry & Associates, Inc.

JKHY · Nasdaq

Market cap (USD)$13.4B
SectorTechnology
CountryUS
Data as of2025-12-25
Moat score
59/ 100

Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.

View full moat analysis >

MarketAxess Holdings Inc.

MKTX · NASDAQ Global Select Market

Market cap (USD)$6.7B
SectorFinancials
CountryUS
Data as of2025-12-23
Moat score
74/ 100

Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.

View full moat analysis >

Side-by-side metrics

Jack Henry & Associates, Inc.
MarketAxess Holdings Inc.
Ticker / Exchange
JKHY - Nasdaq
MKTX - NASDAQ Global Select Market
Market cap (USD)
$13.4B
$6.7B
Sector
Technology
Financials
HQ country
US
US
Primary segment
Payments
Trade Execution Solutions
Market structure
Competitive
Oligopoly
Market share
n/a
19% (reported)
HHI estimate
n/a
n/a
Pricing power
Moderate
Moderate
Moat score
59 / 100
74 / 100
Moat domains
Demand, Legal, Supply
Network, Demand, Legal
Last update
2025-12-25
2025-12-23

Moat coverage

Shared moat types

Switching Costs GeneralCompliance AdvantageData Workflow Lockin

Jack Henry & Associates, Inc. strengths

Long Term ContractsSuite BundlingScale Economies Unit CostBrand Trust

MarketAxess Holdings Inc. strengths

Two Sided NetworkData Network EffectsEcosystem Complements

Segment mix

Jack Henry & Associates, Inc. segments

Full profile >

Core

Oligopoly

31.1%

Payments

Competitive

36.8%

Complementary

Competitive

28.4%

MarketAxess Holdings Inc. segments

Full profile >

Trade Execution Solutions

Oligopoly

87.1%

Services (Data, Post-Trade and Technology)

Competitive

12.9%

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 Pricing, features, and availability may be incomplete or out of date.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.