Cost of Revenue: A Comparative Analysis of SAP SE and Workday, Inc.

In the ever-evolving landscape of enterprise software, understanding cost structures is crucial. SAP SE, a titan in the industry, has consistently maintained a high cost of revenue, peaking at approximately $8.9 billion in 2022. This represents a 70% increase from 2014. Meanwhile, Workday, Inc., a rising star, has seen its cost of revenue skyrocket by nearly 900% over the same period, reaching around $1.7 billion in 2023.

Key Insights

• SAP SE: Despite fluctuations, SAP's cost of revenue has shown a steady upward trend, reflecting its expansive operations and market dominance.
• Workday, Inc.: The rapid increase in Workday's cost of revenue underscores its aggressive growth strategy and expanding market footprint.

The data highlights the contrasting growth trajectories of these two industry players, offering valuable insights for investors and analysts alike.