Fiserv, Inc. and Fortinet, Inc.: SG&A Spending Patterns Compared

SG&A Spending Patterns: A Tale of Two Companies

In the ever-evolving landscape of corporate finance, understanding the spending patterns of industry giants can offer valuable insights. Fiserv, Inc. and Fortinet, Inc., two prominent players in their respective fields, have shown distinct trends in their Selling, General, and Administrative (SG&A) expenses over the past decade.

Since 2014, Fiserv's SG&A expenses have surged by over 570%, reflecting its aggressive expansion and strategic investments. By 2023, Fiserv's SG&A expenses reached approximately $6.6 billion, a testament to its growth trajectory. In contrast, Fortinet's SG&A expenses have grown by around 520% during the same period, reaching $2.2 billion in 2023. This growth underscores Fortinet's commitment to scaling its operations while maintaining a leaner cost structure compared to Fiserv.

These spending patterns highlight the strategic priorities of each company, offering a glimpse into their operational philosophies and market positioning.