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

Intuit Inc. vs. Fiserv, Inc.: A Decade of SG&A Management

In the ever-evolving landscape of financial technology, managing operational costs is crucial for sustained growth. Over the past decade, Intuit Inc. and Fiserv, Inc. have demonstrated contrasting strategies in handling Selling, General, and Administrative (SG&A) expenses. From 2014 to 2023, Fiserv's SG&A expenses surged by over 570%, peaking in 2023, while Intuit's expenses grew by approximately 187% during the same period. This stark difference highlights Fiserv's aggressive expansion strategy, possibly driven by acquisitions and scaling operations. In contrast, Intuit's more measured increase suggests a focus on efficiency and cost control. Notably, 2024 data for Fiserv is missing, leaving room for speculation on their future trajectory. As these industry giants continue to innovate, their approach to managing SG&A costs will remain a key indicator of their financial health and strategic priorities.