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

A Decade of SG&A Management: Fiserv, Inc.'s Journey

In the ever-evolving financial landscape, managing Selling, General, and Administrative (SG&A) expenses is crucial for maintaining profitability. Fiserv, Inc., a leading global provider of financial services technology, has demonstrated a remarkable trajectory in this domain over the past decade. From 2014 to 2023, Fiserv's SG&A expenses have surged by approximately 575%, reflecting strategic investments and expansions. Notably, the most significant leap occurred between 2018 and 2019, with expenses nearly tripling, likely due to major acquisitions and integration costs. Despite this increase, Fiserv's ability to manage these costs effectively is evident in its consistent growth and market presence. As the company continues to innovate and expand, understanding its SG&A trends offers valuable insights into its operational strategies and financial health. This analysis underscores the importance of strategic cost management in sustaining long-term growth and competitiveness in the financial services sector.