WIDE MOAT STOCKS COMPARISON

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Stock Comparison

Mastercard Incorporated vs Visa Inc.

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

Mastercard Incorporated

MA · New York Stock Exchange

Market cap (USD)$508B
Gross margin (TTM)—
Operating margin (TTM)58.3%
Net margin (TTM)46.3%
SectorFinancials
IndustryPayments and financial technology
CountryUS
Data as of2026-08-23
78/100
Moat score

Weighted across the company's segments.

Full stock profile

Dive deeper into Mastercard Incorporated's moat claims, evidence, and risks.

View MA analysis

Visa Inc.

V · New York Stock Exchange

Market cap (USD)$678B
Gross margin (TTM)—
Operating margin (TTM)60.7%
Net margin (TTM)50.8%
SectorFinancials
IndustryPayments and financial technology
CountryUS
Data as of2026-08-23
100/100
Moat score

Weighted across the company's segments.

Full stock profile

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

View V analysis

Comparison highlights

  • Moat score gap: Visa Inc. leads (100 / 100 vs 78 / 100 for Mastercard Incorporated).
  • Segment focus: Mastercard Incorporated has 2 segments (58.8% in Payment Network); Visa Inc. has 1 segment (100% in Payment Services).
  • Primary market structure: Oligopoly vs Oligopoly. Pricing power: Moderate vs Strong.
  • Moat breadth: Mastercard Incorporated has 3 moat types across 1 domains; Visa Inc. has 3 across 1.

Primary market context

Mastercard Incorporated

Payment Network

Market

Four-party card payment network (switching, acceptance, and network-related services)

Geography

Global

Customer

Issuers, acquirers, merchants, account holders

Role

Network operator (authorization, clearing, settlement) and rules/standards steward

Revenue share

58.8%

Visa Inc.

Payment Services

Market

Global general-purpose payment networks, transaction processing and payment-adjacent services

Geography

Global, with U.S. and international revenue disclosed separately

Customer

Issuers, acquirers, merchants, processors, fintechs, businesses, governments and consumers

Role

Four-party payment-network operator; authorization, clearing, settlement and multi-rail money-movement provider

Revenue share

100%

Side-by-side metrics

Mastercard Incorporated
Visa Inc.
Ticker / Exchange
MA - New York Stock Exchange
V - New York Stock Exchange
Market cap (USD)
$508B
$678B
Gross margin (TTM)
n/a
n/a
Operating margin (TTM)
58.3%
60.7%
Net margin (TTM)
46.3%
50.8%
Sector
Financials
Financials
Industry
Payments and financial technology
Payments and financial technology
HQ country
US
US
Primary segment
Payment Network
Payment Services
Market structure
Oligopoly
Oligopoly
Market share
n/a
38.5% (reported)
HHI estimate
n/a
n/a
Pricing power
Moderate
Strong
Moat score
78 / 100
100 / 100
Moat domains
Network
Network
Last update
2026-09-05
2026-09-05

Moat coverage

Shared moat types

Two Sided NetworkClearing Settlement

Mastercard Incorporated strengths

Data Network Effects

Visa Inc. strengths

Interoperability Hub

Segment mix

Mastercard Incorporated segments

Full profile >

Payment Network

Oligopoly

58.8%

Value-Added Services and Solutions

Competitive

41.2%

Visa Inc. segments

Full profile >

Payment Services

Oligopoly

100%

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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.