A Decade of SG&A: Fiserv vs. Lam Research

In the ever-evolving landscape of corporate finance, understanding operational costs is crucial. Over the past decade, Fiserv, Inc. and Lam Research Corporation have showcased contrasting trends in their Selling, General, and Administrative (SG&A) expenses. From 2014 to 2023, Fiserv's SG&A expenses surged by over 570%, peaking in 2023. This dramatic rise reflects strategic investments and expansion efforts. In contrast, Lam Research's SG&A expenses exhibited a more stable trajectory, with a modest increase of approximately 36% over the same period.

Key Insights

• Fiserv's Growth: The company's SG&A expenses grew significantly, particularly post-2018, indicating aggressive growth strategies.
• Lam Research's Stability: Despite industry fluctuations, Lam maintained a steady SG&A growth, suggesting efficient cost management.

These insights highlight the diverse strategies of two industry giants, offering a window into their operational priorities and market positioning.