Cost of Revenue Comparison: Texas Instruments Incorporated vs Shopify Inc.

Cost of Revenue: A Tale of Two Companies

In the ever-evolving landscape of technology and e-commerce, Texas Instruments Incorporated and Shopify Inc. present a fascinating study in contrasts. Over the past decade, Texas Instruments has maintained a steady cost of revenue, averaging around $5.7 billion annually. This stability reflects its established position in the semiconductor industry. In contrast, Shopify's cost of revenue has skyrocketed, growing by over 8,000% from 2014 to 2023, highlighting its rapid expansion in the e-commerce sector.

A Decade of Growth and Stability

From 2014 to 2023, Texas Instruments' cost of revenue increased by approximately 16%, while Shopify's surged dramatically, underscoring its aggressive growth strategy. Notably, Shopify's cost of revenue in 2023 was nearly 54% of Texas Instruments', a significant leap from just 0.8% in 2014. This data paints a vivid picture of two companies on divergent paths, each navigating the challenges and opportunities of their respective industries.