Cost of Revenue: Key Insights for ServiceNow, Inc. and GoDaddy Inc.

Cost of Revenue Trends: ServiceNow, Inc. vs. GoDaddy Inc.

In the ever-evolving tech landscape, understanding cost structures is crucial for investors and analysts. This chart provides a decade-long insight into the cost of revenue for ServiceNow, Inc. and GoDaddy Inc., two giants in the tech industry. From 2014 to 2023, ServiceNow's cost of revenue surged by approximately 672%, reflecting its rapid expansion and increased operational scale. In contrast, GoDaddy's cost of revenue grew by about 204%, indicating steady growth in its domain registration and web hosting services. Notably, ServiceNow's cost of revenue surpassed GoDaddy's in 2022, highlighting its aggressive market penetration. The data for 2024 is incomplete for GoDaddy, suggesting a need for further analysis. These trends underscore the dynamic nature of tech companies' financial strategies and their impact on profitability.