WIDE MOAT STOCKS COMPARISON

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Stock Comparison

Nasdaq, Inc. vs SS&C Technologies Holdings, Inc.

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

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

SS&C Technologies Holdings, Inc.

SSNC · The Nasdaq Global Select Market

Market cap (USD)$18.3B
Gross margin (TTM)48.2%
Operating margin (TTM)23.8%
Net margin (TTM)12.8%
SectorTechnology
IndustryApplication software
CountryUS
Data as of2026-08-23
78/100
Moat score

Weighted across the company's segments.

Full stock profile

Dive deeper into SS&C Technologies Holdings, Inc.'s moat claims, evidence, and risks.

View SSNC analysis

Comparison highlights

  • Moat score gap: SS&C Technologies Holdings, Inc. leads (78 / 100 vs 73 / 100 for Nasdaq, Inc.).
  • Segment focus: Nasdaq, Inc. has 3 segments (40.7% in Capital Access Platforms); SS&C Technologies Holdings, Inc. has 3 segments (82.6% in Technology-enabled services excluding Calastone).
  • Primary market structure: Oligopoly vs Competitive. Pricing power: Moderate vs Moderate.
  • Moat breadth: Nasdaq, Inc. has 5 moat types across 3 domains; SS&C Technologies Holdings, Inc. has 3 across 3.

Primary market context

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%

SS&C Technologies Holdings, Inc.

Technology-enabled services excluding Calastone

Market

Software-enabled outsourcing and subscription services for financial services and healthcare (fund administration, transfer agency, middle/back office BPO, managed IT)

Geography

Global

Customer

Financial services firms (asset/wealth managers, alternative managers, banks, insurers) and healthcare payers/administrators

Role

Service provider / outsourcer (SaaS + BPO)

Revenue share

82.6%

Side-by-side metrics

Nasdaq, Inc.
SS&C Technologies Holdings, Inc.
Ticker / Exchange
NDAQ - The Nasdaq Stock Market
SSNC - The Nasdaq Global Select Market
Market cap (USD)
$61B
$18.3B
Gross margin (TTM)
62.9%
48.2%
Operating margin (TTM)
29.7%
23.8%
Net margin (TTM)
22.7%
12.8%
Sector
Financials
Technology
Industry
Exchanges and financial data
Application software
HQ country
US
US
Primary segment
Capital Access Platforms
Technology-enabled services excluding Calastone
Market structure
Oligopoly
Competitive
Market share
n/a
n/a
HHI estimate
n/a
n/a
Pricing power
Moderate
Moderate
Moat score
73 / 100
78 / 100
Moat domains
Legal, Network, Demand
Demand, Supply, Network
Last update
2026-09-05
2026-09-05

Moat coverage

Shared moat types

Two Sided NetworkData Workflow Lockin

Nasdaq, Inc. strengths

Compliance AdvantageBrand TrustDe Facto Standard

SS&C Technologies Holdings, Inc. strengths

Scale Economies Unit Cost

Segment mix

Nasdaq, Inc. segments

Full profile >

Market Services

Competitive

22.9%

Capital Access Platforms

Oligopoly

40.7%

Financial Technology

Competitive

35.2%

SS&C Technologies Holdings, Inc. segments

Full profile >

Technology-enabled services excluding Calastone

Competitive

82.6%

License, maintenance and related

Competitive

16.9%

Funds network connectivity (Calastone)

Oligopoly

0.5%

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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.