Cost of Revenue: Key Insights for Fiserv, Inc. and Splunk Inc.

Cost of Revenue: A Comparative Analysis of Fiserv, Inc. and Splunk Inc.

In the ever-evolving landscape of technology and financial services, understanding the cost of revenue is crucial for assessing a company's efficiency and profitability. Fiserv, Inc., a leader in financial technology, has seen its cost of revenue grow significantly from 2014 to 2023, peaking at approximately $8.1 billion in 2021. This represents a nearly 182% increase over the decade, reflecting its expanding operations and market reach.

Conversely, Splunk Inc., a prominent player in data analytics, has experienced a more modest growth in its cost of revenue, rising from $35.8 million in 2014 to $865.5 million in 2024. This growth, over 23 times its initial value, underscores Splunk's rapid expansion and increasing investment in its data solutions.

While Fiserv's cost of revenue shows a slight decline post-2021, Splunk continues its upward trajectory, highlighting differing strategic focuses and market dynamics.