VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

NO ADVICE

Stock Comparison

Shopify Inc. vs Temenos AG

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

Shopify Inc.

SHOP · Nasdaq Global Select Market

Market cap (USD)$163.7B
Gross margin (TTM)48.1%
Operating margin (TTM)12.7%
Net margin (TTM)10.7%
SectorTechnology
IndustrySoftware - Application
CountryCA
Data as of2026-04-25
Moat score
73/ 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 Shopify Inc.'s moat claims, evidence, and risks.

View SHOP analysis

Temenos AG

TEMN · SIX Swiss Exchange

Market cap (USD)$6.5B
Gross margin (TTM)74%
Operating margin (TTM)47.3%
Net margin (TTM)26.2%
SectorTechnology
IndustrySoftware - Application
CountryCH
Data as of2025-12-28
Moat score
64/ 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 Temenos AG's moat claims, evidence, and risks.

View TEMN analysis

Comparison highlights

  • Moat score gap: Shopify Inc. leads (73 / 100 vs 64 / 100 for Temenos AG).
  • Segment focus: Shopify Inc. has 2 segments (76.2% in Merchant Solutions); Temenos AG has 2 segments (87.6% in Product).
  • Primary market structure: Competitive vs Oligopoly. Pricing power: Moderate vs Moderate.
  • Moat breadth: Shopify Inc. has 7 moat types across 3 domains; Temenos AG has 6 across 3.

Primary market context

Shopify Inc.

Merchant Solutions

Market

Integrated merchant payments, checkout, lending, shipping, POS hardware, partner referrals, ads and buyer-acquisition services for Shopify merchants

Geography

Global, with Shopify Payments and related solutions available across selected countries

Customer

Shopify merchants, Shopify Plus merchants, retail operators and buyers using Shop Pay or Shop App

Role

Embedded payments, checkout, fintech, fulfillment-adjacent and commerce-services layer attached to Shopify storefronts

Revenue share

76.2%

Temenos AG

Product

Market

Banking software platforms (core banking, digital banking, payments, wealth, financial crime, analytics) for banks and financial institutions

Geography

Global

Customer

Banks and financial institutions

Role

Independent software vendor / platform provider

Revenue share

87.6%

Side-by-side metrics

Shopify Inc.
Temenos AG
Ticker / Exchange
SHOP - Nasdaq Global Select Market
TEMN - SIX Swiss Exchange
Market cap (USD)
$163.7B
$6.5B
Gross margin (TTM)
48.1%
74%
Operating margin (TTM)
12.7%
47.3%
Net margin (TTM)
10.7%
26.2%
Sector
Technology
Technology
Industry
Software - Application
Software - Application
HQ country
CA
CH
Primary segment
Merchant Solutions
Product
Market structure
Competitive
Oligopoly
Market share
65.6% (reported)
n/a
HHI estimate
n/a
n/a
Pricing power
Moderate
Moderate
Moat score
73 / 100
64 / 100
Moat domains
Network, Demand, Supply
Demand, Network, Supply
Last update
2026-04-25
2025-12-28

Moat coverage

Shared moat types

Ecosystem ComplementsBrand TrustSuite Bundling

Shopify Inc. strengths

Data Workflow LockinKeystone ComponentHabit DefaultScale Economies Unit Cost

Temenos AG strengths

Training Org Change CostsLong Term ContractsOperational Excellence

Segment mix

Shopify Inc. segments

Full profile >

Subscription Solutions

Competitive

23.8%

Merchant Solutions

Competitive

76.2%

Temenos AG segments

Full profile >

Product

Oligopoly

87.6%

Services

Competitive

12.4%

Want the full wide moat stocks list?

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Looking for expansion-stage stocks?

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.