Cost of Revenue Trends: Fiserv, Inc. vs Nokia Oyj

Cost of Revenue: A Tale of Two Giants

In the ever-evolving landscape of global telecommunications and financial services, Fiserv, Inc. and Nokia Oyj stand as titans. Over the past decade, these industry leaders have navigated the complexities of cost management with varying strategies. From 2014 to 2023, Fiserv's cost of revenue surged by approximately 166%, reflecting its aggressive expansion and adaptation to digital transformation. In contrast, Nokia's cost of revenue exhibited a more stable trajectory, peaking in 2016 and maintaining a consistent level thereafter.

A Decade of Change

Fiserv's cost of revenue increased from around $2.9 billion in 2014 to nearly $8.1 billion in 2021, showcasing its commitment to scaling operations. Meanwhile, Nokia's cost of revenue, which reached its zenith in 2016 at approximately $15.2 billion, highlights its strategic focus on maintaining operational efficiency. This comparison underscores the diverse approaches these companies have taken to thrive in their respective sectors.