Cost Management Insights: SG&A Expenses for Fiserv, Inc. and Manhattan Associates, Inc.

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 Manhattan Associates, Inc. offer a compelling study in contrasts over the past decade. From 2014 to 2023, Fiserv's SG&A expenses surged by over 570%, reflecting its aggressive expansion and strategic investments. In contrast, Manhattan Associates maintained a more stable trajectory, with a modest increase of around 60% in the same period. This divergence highlights differing corporate strategies: Fiserv's rapid growth versus Manhattan's steady, controlled expansion. Notably, 2023 saw Fiserv's expenses peaking, while Manhattan's expenses continued their gradual rise. The absence of 2024 data for Fiserv suggests a potential shift or recalibration in their financial strategy. As businesses navigate the complexities of cost management, these insights underscore the importance of aligning SG&A strategies with broader corporate goals.