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

A Comparative Analysis of SG&A Expenses: Fiserv, Inc. vs ON Semiconductor 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 ON Semiconductor Corporation have demonstrated contrasting trajectories in their SG&A expenditures. From 2014 to 2023, Fiserv's SG&A expenses surged by over 570%, peaking at approximately $6.6 billion in 2023. This growth reflects Fiserv's strategic investments in expanding its operational capabilities and market reach. In contrast, ON Semiconductor's SG&A expenses exhibited a more modest increase of around 68% during the same period, reaching $641 million in 2023. This restrained growth suggests a focus on operational efficiency and cost management. The stark difference in SG&A trends between these two industry giants underscores their distinct strategic priorities and market positioning. As businesses navigate the complexities of the modern economy, such insights into SG&A dynamics offer valuable lessons in balancing growth and efficiency.