Shopify Inc. vs PTC Inc.: Annual Revenue Growth Compared

Shopify Inc. vs PTC Inc.: A Decade of Revenue Growth

In the ever-evolving landscape of technology and e-commerce, Shopify Inc. and PTC Inc. have emerged as significant players. Over the past decade, Shopify has demonstrated a remarkable growth trajectory, with its revenue skyrocketing from a modest $105 million in 2014 to an impressive $7.06 billion in 2023. This represents an astounding growth rate of over 6,600%. In contrast, PTC Inc., a stalwart in the software industry, has shown steady growth, increasing its revenue from $1.36 billion in 2014 to $2.10 billion in 2023, marking a growth of approximately 54%.

Key Insights

• Shopify's Meteoric Rise: Shopify's exponential growth highlights its successful adaptation to the digital economy, capitalizing on the e-commerce boom.
• PTC's Steady Climb: PTC's consistent revenue increase underscores its resilience and sustained relevance in the software sector.
• Future Prospects: As of 2024, data for Shopify is missing, leaving room for speculation on its continued growth trajectory.