Operational Costs Compared: SG&A Analysis of ServiceNow, Inc. and CyberArk Software Ltd.

A Decade of SG&A Evolution: ServiceNow vs. CyberArk

In the ever-evolving tech landscape, operational efficiency is paramount. Over the past decade, ServiceNow, Inc. and CyberArk Software Ltd. have demonstrated contrasting trajectories in their Selling, General, and Administrative (SG&A) expenses. ServiceNow's SG&A expenses have surged by over 850% from 2014 to 2023, reflecting its aggressive growth strategy. In contrast, CyberArk's expenses have increased by approximately 840%, indicating a more measured expansion. Notably, ServiceNow's SG&A expenses in 2023 were nearly eight times those of CyberArk, highlighting its larger scale of operations. However, the data for 2024 is incomplete, leaving room for speculation on future trends. This analysis underscores the strategic choices companies make in balancing growth with operational costs, offering valuable insights for investors and industry watchers alike.