Cost of Revenue: Accenture vs. Shopify

In the ever-evolving landscape of global business, understanding the cost of revenue is crucial for evaluating a company's financial health. This comparison between Accenture plc and Shopify Inc. from 2014 to 2023 offers a fascinating glimpse into their financial journeys.

Accenture's Steady Climb

Accenture, a leader in consulting and professional services, has seen a consistent increase in its cost of revenue, growing by nearly 97% over the decade. This reflects its expanding operations and the increasing demand for its services worldwide.

Shopify's Meteoric Rise

Shopify, a trailblazer in e-commerce, has experienced an explosive growth in its cost of revenue, skyrocketing by over 8,000% from 2014 to 2023. This surge underscores Shopify's rapid expansion and its pivotal role in empowering online businesses.

While Accenture's growth is steady, Shopify's trajectory is a testament to the dynamic nature of the digital economy.