Selling, General, and Administrative Costs: Broadridge Financial Solutions, Inc. vs Splunk Inc.

A Decade of SG&A Expenses: Broadridge vs. Splunk

In the ever-evolving landscape of financial technology, understanding the cost structures of industry leaders is crucial. Over the past decade, Broadridge Financial Solutions, Inc. and Splunk Inc. have demonstrated contrasting trends in their Selling, General, and Administrative (SG&A) expenses. From 2014 to 2024, Broadridge's SG&A expenses have grown steadily, increasing by approximately 144%, reflecting a consistent investment in operational efficiency and market expansion. In contrast, Splunk's SG&A expenses surged by nearly 670% during the same period, highlighting its aggressive growth strategy and market penetration efforts.

Key Insights

• Broadridge's Strategy: A steady increase in SG&A expenses, peaking in 2024, suggests a balanced approach to growth and cost management.
• Splunk's Expansion: A dramatic rise in expenses, particularly between 2018 and 2023, underscores its focus on rapid expansion and innovation.

These insights provide a window into the strategic priorities of these fintech giants, offering valuable lessons for investors and industry analysts alike.