SG&A Spending Patterns: A Tale of Two Companies

In the ever-evolving landscape of technology, understanding the financial strategies of industry leaders is crucial. Fiserv, Inc. and Splunk Inc. offer a fascinating study in contrasting SG&A (Selling, General, and Administrative) spending patterns over the past decade. From 2014 to 2023, Fiserv's SG&A expenses surged by over 570%, peaking in 2023, reflecting its aggressive expansion and market consolidation strategies. In contrast, Splunk Inc. demonstrated a steady increase of approximately 670% in the same period, highlighting its focus on scaling operations and enhancing customer engagement.

While Fiserv's spending saw a dramatic leap post-2018, Splunk's growth trajectory was more consistent, with a notable uptick in 2022. This divergence underscores the distinct paths these companies have taken in navigating the competitive tech landscape. Missing data for 2024 suggests ongoing strategic adjustments, leaving room for speculation on future trends.