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

Who Manages SG&A Costs Better: Fiserv or FLEETCOR?

In the competitive landscape of financial services, managing Selling, General, and Administrative (SG&A) expenses is crucial for profitability. Over the past decade, Fiserv, Inc. and FLEETCOR Technologies, Inc. have demonstrated contrasting approaches to handling these costs. From 2014 to 2023, Fiserv's SG&A expenses surged by approximately 575%, reflecting its aggressive expansion strategy. In contrast, FLEETCOR's expenses grew by about 174%, indicating a more conservative approach.

A Decade of Financial Strategy

Fiserv's significant increase in SG&A costs, peaking at $6.576 billion in 2023, suggests a focus on scaling operations and integrating acquisitions. Meanwhile, FLEETCOR's expenses, reaching $1.034 billion in the same year, highlight its emphasis on cost efficiency. This divergence in financial strategy underscores the different paths these companies have taken to achieve growth and maintain market competitiveness.