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

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

In the ever-evolving landscape of financial management, the ability to control Selling, General, and Administrative (SG&A) expenses is a testament to a company's operational efficiency. Over the past decade, Fiserv, Inc. and HubSpot, Inc. have demonstrated contrasting approaches to managing these costs.

Fiserv's Steady Climb

From 2014 to 2023, Fiserv's SG&A expenses have surged by over 570%, reflecting its expansive growth strategy. By 2023, Fiserv's SG&A costs reached approximately 6.6 billion, a significant leap from 975 million in 2014. This increase underscores Fiserv's commitment to scaling its operations, albeit at a higher cost.

HubSpot's Strategic Efficiency

Conversely, HubSpot has maintained a more conservative growth in SG&A expenses, increasing by around 1,200% over the same period. Starting at 102 million in 2014, HubSpot's expenses rose to 1.3 billion by 2023. This controlled growth highlights HubSpot's strategic focus on cost efficiency while expanding its market presence.