Cost of Revenue Comparison: Shopify Inc. vs Splunk Inc.

Cost of Revenue: A Tale of Two Tech Giants

In the ever-evolving tech landscape, Shopify Inc. and Splunk Inc. have emerged as pivotal players, each carving out a unique niche. From 2014 to 2023, Shopify's cost of revenue skyrocketed by an astounding 8,100%, reflecting its rapid expansion and increased operational scale. In contrast, Splunk's cost of revenue grew by approximately 2,200% over the same period, showcasing its steady growth in the data analytics sector.

Shopify's Meteoric Rise

Shopify's cost of revenue surged from a modest $43 million in 2014 to a staggering $3.5 billion in 2023. This growth underscores Shopify's aggressive market penetration and scaling efforts, particularly in the e-commerce domain.

Splunk's Steady Ascent

Splunk, while not matching Shopify's explosive growth, demonstrated consistent expansion, with its cost of revenue increasing from $36 million in 2014 to $816 million in 2023. This reflects its strategic focus on enhancing data solutions.

Missing Data for 2024

While Shopify's data for 2024 is unavailable, Splunk's continued growth is evident, with a projected cost of revenue of $866 million.