| __timestamp | International Business Machines Corporation | Shopify Inc. |
|---|---|---|
| Wednesday, January 1, 2014 | 46386000000 | 43223000 |
| Thursday, January 1, 2015 | 41057000000 | 94162000 |
| Friday, January 1, 2016 | 41403000000 | 179835000 |
| Sunday, January 1, 2017 | 42196000000 | 293051000 |
| Monday, January 1, 2018 | 42655000000 | 476962000 |
| Tuesday, January 1, 2019 | 26181000000 | 712530000 |
| Wednesday, January 1, 2020 | 24314000000 | 1387971000 |
| Friday, January 1, 2021 | 25865000000 | 2130712000 |
| Saturday, January 1, 2022 | 27842000000 | 2845745000 |
| Sunday, January 1, 2023 | 27560000000 | 3545000000 |
| Monday, January 1, 2024 | 27202000000 | 4408000000 |
Cracking the code
In the ever-evolving landscape of technology and e-commerce, understanding the cost dynamics of industry giants like International Business Machines Corporation (IBM) and Shopify Inc. is crucial. Over the past decade, IBM's cost of revenue has seen a significant decline, dropping from approximately $46 billion in 2014 to around $27 billion in 2023. This represents a reduction of nearly 41%, reflecting IBM's strategic shift towards more efficient operations.
Conversely, Shopify's cost of revenue has surged, growing from a modest $43 million in 2014 to an impressive $3.5 billion in 2023. This exponential increase, over 8,000%, underscores Shopify's rapid expansion and scaling efforts in the e-commerce sector. The data for 2024 is incomplete, highlighting the dynamic nature of these industries. As IBM focuses on streamlining, Shopify's growth trajectory continues to reshape the digital commerce landscape.
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