International Business Machines Corporation and Shopify Inc.: A Detailed Gross Profit Analysis

IBM vs. Shopify: A Decade of Gross Profit Evolution

__timestampInternational Business Machines CorporationShopify Inc.
Wednesday, January 1, 20144640700000061795000
Thursday, January 1, 201540684000000111071000
Friday, January 1, 201638516000000209495000
Sunday, January 1, 201736943000000380253000
Monday, January 1, 201836936000000596267000
Tuesday, January 1, 201931533000000865643000
Wednesday, January 1, 2020308650000001541520000
Friday, January 1, 2021314860000002481144000
Saturday, January 1, 2022326870000002754119000
Sunday, January 1, 2023343000000003515000000
Monday, January 1, 2024355510000004472000000
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Unveiling the hidden dimensions of data

A Tale of Two Giants: IBM and Shopify's Gross Profit Journey

In the ever-evolving landscape of technology and commerce, International Business Machines Corporation (IBM) and Shopify Inc. stand as titans of their respective domains. From 2014 to 2023, IBM's gross profit has seen a gradual decline, starting at a peak of approximately $46 billion in 2014 and tapering to around $34 billion by 2023. This represents a decrease of roughly 26%, reflecting the challenges faced by traditional tech giants in adapting to new market dynamics.

Conversely, Shopify's trajectory tells a story of rapid growth and innovation. Beginning with a modest gross profit of about $62 million in 2014, Shopify's figures soared to nearly $3.5 billion by 2023, marking an astonishing increase of over 5,500%. This growth underscores the rise of e-commerce platforms in the digital age. Notably, data for 2024 is incomplete, leaving room for speculation on future trends.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
28 Jan 2025