Fiserv, Inc. vs NetApp, Inc.: SG&A Expense Trends

SG&A Expense Trends: Fiserv, Inc. vs. NetApp, Inc.

In the ever-evolving landscape of corporate finance, understanding the trends in Selling, General, and Administrative (SG&A) expenses is crucial for investors and analysts alike. Over the past decade, Fiserv, Inc. and NetApp, Inc. have showcased contrasting trajectories in their SG&A expenditures. From 2014 to 2023, Fiserv's SG&A expenses surged by over 570%, peaking at approximately $6.6 billion in 2023. This dramatic increase reflects Fiserv's aggressive expansion and investment strategies. In contrast, NetApp's SG&A expenses remained relatively stable, fluctuating modestly around the $2 billion mark, indicating a more conservative approach to operational spending. Notably, the data for 2024 is incomplete for Fiserv, highlighting the need for cautious interpretation. These trends offer a window into the strategic priorities of these tech giants, with Fiserv focusing on growth and NetApp maintaining steady operations.