Cost of Revenue: A Comparative Analysis of Shopify Inc. and Micron Technology, Inc.

In the ever-evolving landscape of technology and e-commerce, understanding the cost of revenue is crucial for assessing a company's financial health. Over the past decade, Micron Technology, Inc. and Shopify Inc. have demonstrated distinct trajectories in their cost of revenue, reflecting their unique business models and market positions.

Micron Technology, Inc.

From 2014 to 2023, Micron Technology's cost of revenue has shown a steady increase, peaking at approximately $19.5 billion in 2024. This represents a growth of nearly 78% from its 2014 figures, highlighting the company's expanding operations and market demand for its semiconductor products.

Shopify Inc.

Conversely, Shopify Inc. has experienced a dramatic rise in its cost of revenue, surging from a modest $43 million in 2014 to an impressive $3.5 billion in 2023. This exponential growth underscores Shopify's rapid expansion in the e-commerce sector, as it scales to meet the needs of a burgeoning online marketplace.

While Micron's growth is indicative of a mature industry, Shopify's trajectory reflects the dynamic nature of digital commerce. Notably, data for 2024 is missing for Shopify, suggesting potential volatility or strategic shifts in the company's operations.