Analyzing Cost of Revenue: ServiceNow, Inc. and Broadridge Financial Solutions, Inc.

Analyzing Cost of Revenue: ServiceNow, Inc. vs. Broadridge Financial Solutions, Inc.

In the ever-evolving landscape of technology and financial services, understanding cost structures is crucial. This analysis delves into the cost of revenue trends for ServiceNow, Inc. and Broadridge Financial Solutions, Inc. from 2014 to 2024. Over this decade, Broadridge's cost of revenue has surged by approximately 160%, reflecting its expanding operations and market reach. In contrast, ServiceNow has experienced a remarkable growth of over 800%, showcasing its rapid scaling and increasing market penetration.

Key Insights

• Broadridge Financial Solutions, Inc.: Starting at $1.76 billion in 2014, Broadridge's cost of revenue steadily climbed, reaching $4.57 billion by 2024. This growth underscores its strategic investments and operational expansion.

• ServiceNow, Inc.: From a modest $248 million in 2014, ServiceNow's cost of revenue skyrocketed to $2.29 billion in 2024, highlighting its aggressive growth strategy and increasing demand for its cloud-based solutions.

These trends offer a window into the strategic priorities and market dynamics of these industry leaders.