VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

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Saturday, January 3, 2026

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Stock Comparison

Visa Inc. vs Xero Limited

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

Visa Inc.

V · New York Stock Exchange

Market cap (USD)$675.7B
Gross margin (TTM)80.4%
Operating margin (TTM)60%
Net margin (TTM)50.1%
SectorFinancials
IndustryFinancial - Credit Services
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 Visa Inc.'s moat claims, evidence, and risks.

View V analysis

Xero Limited

XRO · Australian Securities Exchange

Market cap (USD)—
Gross margin (TTM)—
Operating margin (TTM)—
Net margin (TTM)—
SectorTechnology
Industry—
CountryNZ
Data as of2026-01-02
Moat score
71/ 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 Xero Limited's moat claims, evidence, and risks.

View XRO analysis

Comparison highlights

  • Moat score gap: Visa Inc. leads (77 / 100 vs 71 / 100 for Xero Limited).
  • Segment focus: Visa Inc. has 4 segments (35.9% in Data processing revenue); Xero Limited has 2 segments.
  • Primary market structure: Oligopoly vs Oligopoly. Pricing power: n/a vs Moderate.
  • Moat breadth: Visa Inc. has 7 moat types across 4 domains; Xero Limited has 7 across 3.

Primary market context

Visa Inc.

Data processing revenue

Market

Payment transaction processing (authorization, clearing and settlement) for VisaNet and related network access

Geography

Global

Customer

Issuers, acquirers, payment processors

Role

Network processor / switch (authorization, clearing, settlement)

Revenue share

35.9%

Xero Limited

Core Accounting Subscription Platform

Market

Cloud accounting software for small businesses and their advisors

Geography

Global

Customer

SMB; accountants & bookkeepers

Role

Software platform (SaaS)

Side-by-side metrics

Visa Inc.
Xero Limited
Ticker / Exchange
V - New York Stock Exchange
XRO - Australian Securities Exchange
Market cap (USD)
$675.7B
n/a
Gross margin (TTM)
80.4%
n/a
Operating margin (TTM)
60%
n/a
Net margin (TTM)
50.1%
n/a
Sector
Financials
Technology
Industry
Financial - Credit Services
n/a
HQ country
US
NZ
Primary segment
Data processing revenue
Core Accounting Subscription Platform
Market structure
Oligopoly
Oligopoly
Market share
n/a
n/a
HHI estimate
n/a
n/a
Pricing power
n/a
Moderate
Moat score
77 / 100
71 / 100
Moat domains
Network, Demand, Supply, Legal
Demand, Network, Financial
Last update
2025-12-21
2026-01-02

Moat coverage

Shared moat types

Two Sided NetworkSuite BundlingData Workflow Lockin

Visa Inc. strengths

Brand TrustClearing SettlementCapex Knowhow ScaleCompliance Advantage

Xero Limited strengths

Switching Costs GeneralBenchmark Pricing PowerInteroperability HubEcosystem Complements

Segment mix

Visa Inc. segments

Full profile >

Service revenue

Oligopoly

31.5%

Data processing revenue

Oligopoly

35.9%

International transaction revenue

Oligopoly

25.4%

Other revenue

Competitive

7.3%

Xero Limited segments

Full profile >

Core Accounting Subscription Platform

Oligopoly

n/a

Platform Services (Payments, Payroll, App Ecosystem)

Competitive

n/a

Want the full wide moat stocks list?

Browse the full ranking of wide moat stocks, updated with moat scores and segment context.

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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.