Gross Profit Trends: Shopify Inc. vs. Gen Digital Inc.

In the ever-evolving landscape of technology and e-commerce, understanding financial performance is crucial. This analysis delves into the gross profit trends of Shopify Inc. and Gen Digital Inc. from 2014 to 2023.

A Decade of Growth

Shopify Inc., a leader in e-commerce solutions, has shown remarkable growth, with its gross profit surging from a modest $62 million in 2014 to an impressive $3.5 billion in 2023. This represents a staggering increase of over 5,500%, highlighting Shopify's rapid expansion and dominance in the digital marketplace.

Conversely, Gen Digital Inc., a stalwart in the digital security sector, experienced fluctuations. Starting at $5.5 billion in 2014, its gross profit dipped to $2.1 billion in 2020, before recovering to $2.7 billion in 2023. This reflects a more volatile journey, possibly due to market shifts and competitive pressures.

Missing Data

Note: Data for 2024 is incomplete, with Shopify's figures yet to be reported.