Analyzing Cost of Revenue: ServiceNow, Inc. and QUALCOMM Incorporated

Analyzing Cost of Revenue: ServiceNow, Inc. vs. QUALCOMM Incorporated

In the ever-evolving landscape of technology, understanding the cost dynamics of industry giants like ServiceNow, Inc. and QUALCOMM Incorporated is crucial. Over the past decade, from 2014 to 2024, QUALCOMM's cost of revenue has shown a steady increase, peaking at approximately $17 billion in 2024, a 60% rise from 2014. In contrast, ServiceNow, Inc. has experienced a more dramatic growth trajectory, with its cost of revenue surging by over 800% during the same period, reaching nearly $2.3 billion in 2024.

This stark difference highlights the diverse operational strategies of these companies. While QUALCOMM's growth is consistent, ServiceNow's rapid expansion reflects its aggressive market penetration and scaling efforts. As the tech industry continues to expand, these trends offer valuable insights into the financial strategies and market positioning of these leading corporations.