Cost of Revenue Trends: Fiserv, Inc. vs Garmin Ltd.

Cost of Revenue: A Tale of Two Companies

In the ever-evolving landscape of technology and consumer electronics, Fiserv, Inc. and Garmin Ltd. have carved distinct paths. From 2014 to 2023, Fiserv's cost of revenue surged by approximately 166%, peaking in 2021. This growth reflects its expanding footprint in financial services technology. In contrast, Garmin Ltd., known for its innovative GPS technology, saw a more modest increase of about 76% over the same period. Notably, Garmin's cost of revenue remained relatively stable until a significant uptick in 2021, coinciding with a global surge in demand for fitness and navigation devices.

Key Insights

While Fiserv's cost of revenue consistently outpaced Garmin's, the latter's strategic focus on niche markets has allowed it to maintain a steady growth trajectory. This comparison underscores the diverse strategies companies employ to navigate the competitive tech landscape.