Cost of Revenue: A Tale of Two Giants

In the ever-evolving tech landscape, Cisco Systems, Inc. and Shopify Inc. stand as titans, each with unique business models and market strategies. From 2014 to 2023, Cisco's cost of revenue has shown remarkable stability, averaging around $19 billion annually, with a peak in 2023. This reflects its robust infrastructure and consistent demand for networking solutions. In contrast, Shopify's cost of revenue has skyrocketed, growing over 8,000% from 2014 to 2023, highlighting its rapid expansion in the e-commerce sector.

A Decade of Transformation

Cisco's cost of revenue dipped slightly in 2020, likely due to global disruptions, but rebounded by 2023. Meanwhile, Shopify's growth trajectory underscores its aggressive market capture, despite missing data for 2024. This comparison not only showcases the resilience of established players like Cisco but also the dynamic growth potential of newer entrants like Shopify.