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

Fiserv vs. HP: A Decade of SG&A Management

In the ever-evolving landscape of corporate finance, managing Selling, General, and Administrative (SG&A) expenses is crucial for maintaining profitability. Over the past decade, Fiserv, Inc. and HP Inc. have demonstrated contrasting approaches to SG&A cost management.

Fiserv's Strategic Growth

From 2014 to 2023, Fiserv's SG&A expenses surged by over 570%, reflecting its aggressive expansion strategy. This increase, from approximately $975 million to $6.576 billion, underscores Fiserv's commitment to scaling its operations and investing in growth.

HP's Steady Control

Conversely, HP Inc. maintained a more stable SG&A trajectory, with expenses peaking at $13.353 billion in 2014 and stabilizing around $5.356 billion by 2023. This 60% reduction highlights HP's focus on efficiency and cost control.

As we look to the future, these trends offer valuable insights into each company's strategic priorities and financial health.