Cost of Revenue Comparison: Shopify Inc. vs Wipro Limited

Cost of Revenue: A Tale of Two Giants

In the ever-evolving landscape of global commerce, Shopify Inc. and Wipro Limited stand as titans in their respective domains. Over the past decade, Shopify's cost of revenue has skyrocketed, growing nearly 8,100% from 2014 to 2023. This reflects its aggressive expansion and scaling efforts in the e-commerce sector. In contrast, Wipro Limited, a stalwart in the IT services industry, has maintained a steady growth trajectory, with its cost of revenue increasing by approximately 96% over the same period.

A Decade of Growth

From 2014 to 2023, Shopify's cost of revenue surged from a modest 43 million to a staggering 3.5 billion, underscoring its rapid market penetration. Meanwhile, Wipro's cost of revenue consistently hovered in the hundreds of billions, peaking at 645 billion in 2022. This comparison highlights the distinct growth strategies and market dynamics faced by these industry leaders.