Fiserv, Inc. or Fair Isaac Corporation: Who Manages SG&A Costs Better?

Who Manages SG&A Costs Better: Fiserv or Fair Isaac?

In the competitive landscape of financial services, managing Selling, General, and Administrative (SG&A) expenses is crucial for profitability. From 2014 to 2023, Fair Isaac Corporation consistently maintained lower SG&A costs compared to Fiserv, Inc. Fair Isaac's expenses grew by approximately 66%, from $278 million in 2014 to $463 million in 2023. In contrast, Fiserv's SG&A expenses surged by over 570%, from $975 million to $6.576 billion in the same period. This stark difference highlights Fair Isaac's efficient cost management strategies, despite both companies operating in similar sectors. Notably, Fiserv's expenses spiked significantly post-2018, indicating potential strategic investments or operational expansions. However, the data for 2024 is incomplete, leaving room for speculation on future trends. As investors and analysts evaluate these giants, understanding their cost management strategies could provide insights into their long-term financial health.