A Decade of SG&A: Adobe vs. Motorola Solutions

In the ever-evolving tech landscape, operational efficiency is paramount. Over the past decade, Adobe Inc. and Motorola Solutions, Inc. have showcased contrasting trajectories in their Selling, General, and Administrative (SG&A) expenses. Adobe's SG&A expenses have surged by over 230% from 2014 to 2023, reflecting its aggressive growth strategy and market expansion. In contrast, Motorola Solutions has maintained a more stable SG&A profile, with a modest increase of around 32% over the same period.

Key Insights

• Adobe's Growth: From 2014 to 2023, Adobe's SG&A expenses grew from approximately $2.2 billion to $6.8 billion, highlighting its focus on scaling operations and expanding its market footprint.
• Motorola's Stability: Motorola Solutions' expenses rose from about $1.2 billion to $1.6 billion, indicating a steady approach to operational costs.

This analysis underscores the diverse strategies of these tech giants in managing operational costs.