Breaking Down SG&A Expenses: Fiserv, Inc. vs CDW Corporation

A Comparative Analysis of SG&A Expenses: Fiserv, Inc. vs CDW Corporation

In the ever-evolving landscape of corporate finance, understanding the nuances of Selling, General, and Administrative (SG&A) expenses is crucial. Over the past decade, Fiserv, Inc. and CDW Corporation have demonstrated distinct trajectories in their SG&A expenditures. From 2014 to 2023, Fiserv's SG&A expenses surged by approximately 575%, peaking at $6.576 billion in 2023. In contrast, CDW Corporation experienced a more modest increase of around 138%, reaching $2.972 billion in the same year.

This divergence highlights Fiserv's aggressive expansion and investment strategies, particularly evident post-2018, where their expenses more than doubled. Meanwhile, CDW's steady growth reflects a more conservative approach. These trends offer valuable insights into each company's operational strategies and market positioning, providing a window into their financial health and future prospects.