WIDE MOAT STOCKS COMPARISON

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Stock Comparison

London Stock Exchange Group plc vs Nasdaq, Inc.

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

London Stock Exchange Group plc

LSEG · London Stock Exchange

Market cap (USD)$60.4B
Gross margin (TTM)88.7%
Operating margin (TTM)25.8%
Net margin (TTM)14.6%
SectorFinancials
IndustryExchanges and financial data
CountryGB
Data as of2026-08-23
76/100
Moat score

Weighted across the company's segments.

Full stock profile

Dive deeper into London Stock Exchange Group plc's moat claims, evidence, and risks.

View LSEG analysis

Nasdaq, Inc.

NDAQ · The Nasdaq Stock Market

Market cap (USD)$61B
Gross margin (TTM)62.9%
Operating margin (TTM)29.7%
Net margin (TTM)22.7%
SectorFinancials
IndustryExchanges and financial data
CountryUS
Data as of2026-08-23
73/100
Moat score

Weighted across the company's segments.

Full stock profile

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

View NDAQ analysis

Comparison highlights

  • Moat score gap: London Stock Exchange Group plc leads (76 / 100 vs 73 / 100 for Nasdaq, Inc.).
  • Segment focus: London Stock Exchange Group plc has 4 segments (46.4% in Data & Analytics); Nasdaq, Inc. has 3 segments (40.7% in Capital Access Platforms).
  • Moat breadth: London Stock Exchange Group plc has 4 moat types across 2 domains; Nasdaq, Inc. has 5 across 3.

Primary market context

London Stock Exchange Group plc

Data & Analytics

Market

Financial market data, analysis, desktop workflows and enterprise feeds

Geography

Global

Customer

Financial institutions and corporates

Role

Financial data and workflow provider

Revenue share

46.4%

Nasdaq, Inc.

Capital Access Platforms

Market

Issuer and investor solutions: listings, index licensing, market data, and investment analytics/workflow platforms

Geography

Global (with major exposure to U.S. and Nordic/Baltic markets)

Customer

Public/private companies (issuers), asset managers, institutional investors, data subscribers

Role

Listing venue + index administrator/licensor + data/analytics provider

Revenue share

40.7%

Side-by-side metrics

London Stock Exchange Group plc
Nasdaq, Inc.
Ticker / Exchange
LSEG - London Stock Exchange
NDAQ - The Nasdaq Stock Market
Market cap (USD)
$60.4B
$61B
Gross margin (TTM)
88.7%
62.9%
Operating margin (TTM)
25.8%
29.7%
Net margin (TTM)
14.6%
22.7%
Sector
Financials
Financials
Industry
Exchanges and financial data
Exchanges and financial data
HQ country
GB
US
Primary segment
Data & Analytics
Capital Access Platforms
Market structure
Oligopoly
Oligopoly
Market share
n/a
n/a
HHI estimate
n/a
n/a
Pricing power
Moderate
Moderate
Moat score
76 / 100
73 / 100
Moat domains
Demand, Network
Legal, Network, Demand
Last update
2026-09-05
2026-09-05

Moat coverage

Shared moat types

Data Workflow LockinDe Facto StandardTwo Sided Network

London Stock Exchange Group plc strengths

Clearing Settlement

Nasdaq, Inc. strengths

Compliance AdvantageBrand Trust

Segment mix

London Stock Exchange Group plc segments

Full profile >

Data & Analytics

Oligopoly

46.4%

FTSE Russell

Oligopoly

10.4%

Risk Intelligence

Competitive

6.4%

Markets

Oligopoly

36.7%

Nasdaq, Inc. segments

Full profile >

Market Services

Competitive

22.9%

Capital Access Platforms

Oligopoly

40.7%

Financial Technology

Competitive

35.2%

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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.