VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

NO ADVICE

Stock Comparison

S&P Global Inc. vs Visa Inc.

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

S&P Global Inc.

SPGI · New York Stock Exchange

Market cap (USD)$119.6B
Gross margin (TTM)70.5%
Operating margin (TTM)43.9%
Net margin (TTM)30.4%
SectorFinancials
IndustryFinancial - Data & Stock Exchanges
CountryUS
Data as of2025-12-21
Moat score
77/ 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 S&P Global Inc.'s moat claims, evidence, and risks.

View SPGI analysis

Visa Inc.

V · New York Stock Exchange

Market cap (USD)$618.2B
Gross margin (TTM)81.3%
Operating margin (TTM)61.1%
Net margin (TTM)51.7%
SectorFinancials
IndustryFinancial - Credit Services
CountryUS
Data as of2026-04-24
Moat score
99/ 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 Visa Inc.'s moat claims, evidence, and risks.

View V analysis

Comparison highlights

  • Moat score gap: Visa Inc. leads (99 / 100 vs 77 / 100 for S&P Global Inc.).
  • Segment focus: S&P Global Inc. has 5 segments (32.6% in S&P Global Market Intelligence); Visa Inc. has 1 segment (100% in Payment Services).
  • Primary market structure: Oligopoly vs Oligopoly. Pricing power: Moderate vs Strong.
  • Moat breadth: S&P Global Inc. has 9 moat types across 5 domains; Visa Inc. has 6 across 3.

Primary market context

S&P Global Inc.

S&P Global Market Intelligence

Market

Financial market data, analytics, and workflow tools for institutions

Geography

Global

Customer

B2B (institutional investors, banks, insurers, corporates)

Role

Data/analytics and workflow software provider

Revenue share

32.6%

Visa Inc.

Payment Services

Market

Global general-purpose card payment networks and digital payment processing

Geography

Global, with fiscal 2025 net revenue approximately 39% U.S. and 61% international

Customer

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

Role

Four-party payment network, authorization, clearing, settlement, tokenization, risk, data and value-added services provider

Revenue share

100%

Side-by-side metrics

S&P Global Inc.
Visa Inc.
Ticker / Exchange
SPGI - New York Stock Exchange
V - New York Stock Exchange
Market cap (USD)
$119.6B
$618.2B
Gross margin (TTM)
70.5%
81.3%
Operating margin (TTM)
43.9%
61.1%
Net margin (TTM)
30.4%
51.7%
Sector
Financials
Financials
Industry
Financial - Data & Stock Exchanges
Financial - Credit Services
HQ country
US
US
Primary segment
S&P Global Market Intelligence
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
77 / 100
99 / 100
Moat domains
Demand, Supply, Legal, Network, Financial
Network, Supply, Demand
Last update
2025-12-21
2026-04-24

Moat coverage

Shared moat types

Brand Trust

S&P Global Inc. strengths

Data Workflow LockinScope EconomiesRegulated Standards PipeDe Facto StandardCompliance AdvantageSwitching Costs GeneralEcosystem ComplementsBenchmark Pricing Power

Visa Inc. strengths

Two Sided NetworkClearing SettlementScale Economies Unit CostData Network EffectsInteroperability Hub

Segment mix

S&P Global Inc. segments

Full profile >

S&P Global Market Intelligence

Oligopoly

32.6%

S&P Global Ratings

Oligopoly

29.6%

S&P Global Commodity Insights

Oligopoly

15.1%

S&P Global Mobility

Competitive

11.3%

S&P Dow Jones Indices

Oligopoly

11.4%

Visa Inc. segments

Full profile >

Payment Services

Oligopoly

100%

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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.