Who Generates Higher Gross Profit? ServiceNow, Inc. or Shopify Inc.

ServiceNow vs. Shopify: A Decade of Gross Profit Growth

__timestampServiceNow, Inc.Shopify Inc.
Wednesday, January 1, 201443378700061795000
Thursday, January 1, 2015676067000111071000
Friday, January 1, 2016991831000209495000
Sunday, January 1, 20171433254000380253000
Monday, January 1, 20181986158000596267000
Tuesday, January 1, 20192663792000865643000
Wednesday, January 1, 202035323710001541520000
Friday, January 1, 202145430000002481144000
Saturday, January 1, 202256720000002754119000
Sunday, January 1, 202370500000003515000000
Monday, January 1, 202486970000004472000000
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Unveiling the hidden dimensions of data

A Tale of Two Tech Giants: ServiceNow vs. Shopify

In the ever-evolving tech landscape, ServiceNow, Inc. and Shopify Inc. have emerged as formidable players. From 2014 to 2023, ServiceNow consistently outperformed Shopify in gross profit generation. Starting with a modest lead in 2014, ServiceNow's gross profit surged by over 1,900% by 2023, reaching a peak of approximately $8.7 billion. In contrast, Shopify's growth, though impressive, was more modest, with a 5,600% increase, peaking at around $3.5 billion in 2023. This stark difference highlights ServiceNow's robust business model and strategic market positioning. However, it's worth noting that data for 2024 is incomplete, leaving room for speculation on future trends. As these companies continue to innovate, investors and industry watchers alike will be keenly observing their financial trajectories.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
28 Jan 2025