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

Fiserv vs. Micron: 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 Micron Technology, Inc. have demonstrated contrasting approaches to SG&A cost management.

From 2014 to 2023, Fiserv's SG&A expenses surged by over 570%, peaking at approximately $6.6 billion in 2023. This significant increase reflects Fiserv's aggressive expansion and investment strategies. In contrast, Micron Technology maintained a more stable SG&A trajectory, with expenses growing by around 30% over the same period, reaching just over $1.1 billion in 2024.

While Fiserv's strategy may indicate a focus on growth and market capture, Micron's steady approach suggests a commitment to operational efficiency. As businesses navigate the complexities of the modern economy, these insights into SG&A management offer valuable lessons in balancing growth with cost control.