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

Fiserv vs. MicroStrategy: 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 MicroStrategy Incorporated 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 reflects a strategic expansion, possibly driven by acquisitions and scaling operations. In contrast, MicroStrategy maintained a more consistent SG&A expenditure, fluctuating around $260 million annually, indicating a focus on cost control and efficiency.

While Fiserv's aggressive growth strategy may yield long-term benefits, MicroStrategy's steady approach highlights its commitment to operational efficiency. Investors and analysts should consider these trends when evaluating the financial health and strategic direction of these companies.