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

Managing SG&A Costs: A Tale of Two Giants

In the competitive landscape of corporate America, managing Selling, General, and Administrative (SG&A) expenses is crucial for profitability. Fiserv, Inc. and KLA Corporation, two industry leaders, have shown contrasting approaches over the past decade. From 2014 to 2023, Fiserv's SG&A expenses surged by over 570%, peaking at approximately $6.6 billion in 2023. This reflects their aggressive expansion and investment strategies. In contrast, KLA Corporation maintained a more conservative growth, with SG&A expenses increasing by about 156% over the same period, reaching nearly $986 million in 2023. This disciplined approach highlights KLA's focus on operational efficiency. The data for 2024 is incomplete, but the trends suggest that Fiserv's rapid growth strategy may continue, while KLA's steady path could offer stability. Understanding these strategies provides valuable insights into how these corporations navigate financial management in a dynamic market.