Cost of Revenue Trends: Fiserv, Inc. vs Fortinet, Inc.

Cost of Revenue Trends: A Tale of Two Tech Giants

In the ever-evolving landscape of technology, Fiserv, Inc. and Fortinet, Inc. have carved distinct paths in their cost of revenue trends over the past decade. From 2014 to 2023, Fiserv's cost of revenue surged by approximately 166%, peaking in 2021. This growth reflects its strategic investments and expansion in financial services technology. In contrast, Fortinet, a leader in cybersecurity, saw its cost of revenue increase by over 435% during the same period, highlighting its aggressive market penetration and innovation in security solutions.

While Fiserv's cost of revenue remained relatively stable until 2018, a significant jump occurred in 2019, aligning with its acquisition strategies. Fortinet, however, displayed a steady upward trajectory, with notable increases post-2018, as cybersecurity threats became more prevalent. These trends underscore the dynamic nature of the tech industry, where strategic investments and market demands drive financial outcomes.