VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

NO ADVICE

Wednesday, January 7, 2026

Stock Comparison

Live Nation Entertainment, Inc. vs MarketAxess Holdings Inc.

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

Live Nation Entertainment, Inc.

LYV · New York Stock Exchange

Market cap (USD)$33.7B
Gross margin (TTM)46.2%
Operating margin (TTM)4.7%
Net margin (TTM)3.7%
SectorCommunication Services
IndustryEntertainment
CountryUS
Data as of2026-01-04
Moat score
84/ 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 Live Nation Entertainment, Inc.'s moat claims, evidence, and risks.

View LYV analysis

MarketAxess Holdings Inc.

MKTX · NASDAQ Global Select Market

Market cap (USD)$6.7B
Gross margin (TTM)66.2%
Operating margin (TTM)41.2%
Net margin (TTM)26.2%
SectorFinancials
IndustryFinancial - Capital Markets
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.

Full stock profile

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

View MKTX analysis

Comparison highlights

  • Moat score gap: Live Nation Entertainment, Inc. leads (84 / 100 vs 74 / 100 for MarketAxess Holdings Inc.).
  • Segment focus: Live Nation Entertainment, Inc. has 3 segments (82.2% in Concerts); MarketAxess Holdings Inc. has 2 segments (87.1% in Trade Execution Solutions).
  • Moat breadth: Live Nation Entertainment, Inc. has 6 moat types across 3 domains; MarketAxess Holdings Inc. has 6 across 3.

Primary market context

Live Nation Entertainment, Inc.

Concerts

Market

Live music concert promotion, festival production, and music venue operations

Geography

Global

Customer

Artists/agents (supply) and fans (end-users); venues and festivals; corporate partners

Role

Promoter + venue operator

Revenue share

82.2%

MarketAxess Holdings Inc.

Trade Execution Solutions

Market

Electronic fixed-income trade execution platforms (credit and rates)

Geography

Global

Customer

Institutional investors, broker-dealers, and alternative liquidity providers

Role

Electronic trading venue / marketplace operator

Revenue share

87.1%

Side-by-side metrics

Live Nation Entertainment, Inc.
MarketAxess Holdings Inc.
Ticker / Exchange
LYV - New York Stock Exchange
MKTX - NASDAQ Global Select Market
Market cap (USD)
$33.7B
$6.7B
Gross margin (TTM)
46.2%
66.2%
Operating margin (TTM)
4.7%
41.2%
Net margin (TTM)
3.7%
26.2%
Sector
Communication Services
Financials
Industry
Entertainment
Financial - Capital Markets
HQ country
US
US
Primary segment
Concerts
Trade Execution Solutions
Market structure
Oligopoly
Oligopoly
Market share
55%-65% (reported)
19% (reported)
HHI estimate
3,600
n/a
Pricing power
Moderate
Moderate
Moat score
84 / 100
74 / 100
Moat domains
Supply, Demand, Network
Network, Demand, Legal
Last update
2026-01-04
2025-12-23

Moat coverage

Shared moat types

Two Sided NetworkData Workflow Lockin

Live Nation Entertainment, Inc. strengths

Physical Network DensityService Field NetworkLong Term ContractsScope Economies

MarketAxess Holdings Inc. strengths

Data Network EffectsCompliance AdvantageSwitching Costs GeneralEcosystem Complements

Segment mix

Live Nation Entertainment, Inc. segments

Full profile >

Concerts

Oligopoly

82.2%

Ticketing

Quasi-Monopoly

12.9%

Sponsorship & Advertising

Competitive

5.2%

MarketAxess Holdings Inc. segments

Full profile >

Trade Execution Solutions

Oligopoly

87.1%

Services (Data, Post-Trade and Technology)

Competitive

12.9%

Want the full wide moat stocks list?

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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.