Cost Management Insights: SG&A Expenses for Fiserv, Inc. and Garmin Ltd.

Navigating SG&A Expenses: A Tale of Two Companies

In the ever-evolving landscape of corporate finance, managing Selling, General, and Administrative (SG&A) expenses is crucial for maintaining profitability. Fiserv, Inc. and Garmin Ltd., two giants in their respective industries, offer a fascinating study in cost management from 2014 to 2023.

Fiserv, Inc.: A Steady Climb

Over the past decade, Fiserv has seen a remarkable increase in SG&A expenses, growing by approximately 575% from 2014 to 2023. This surge reflects strategic investments and expansion efforts, peaking at $6.6 billion in 2023.

Garmin Ltd.: Consistent Control

In contrast, Garmin Ltd. has maintained a more stable trajectory, with SG&A expenses rising by about 94% over the same period. This steady growth underscores Garmin's disciplined approach to cost management, reaching just over $1 billion in 2023.

These insights highlight the diverse strategies companies employ to navigate financial challenges, offering valuable lessons in balancing growth and efficiency.