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

SG&A Cost Management: Fiserv vs. Microchip Technology

In the competitive landscape of financial and technological services, managing Selling, General, and Administrative (SG&A) expenses is crucial for profitability. Fiserv, Inc. and Microchip Technology Incorporated, two industry giants, have shown contrasting trends in their SG&A expenses from 2014 to 2023.

Fiserv's SG&A costs have surged by over 570% from 2014 to 2023, reflecting significant investments or potential inefficiencies. In contrast, Microchip Technology has maintained a more stable trajectory, with a modest increase of approximately 200% over the same period. This suggests a more controlled approach to managing operational costs.

While Fiserv's expenses peaked at $6.576 billion in 2023, Microchip's highest was $798 million, indicating a stark difference in scale and strategy. The data for 2024 is incomplete, but the trends highlight the importance of strategic cost management in sustaining competitive advantage.