Selling, General, and Administrative Costs: Fiserv, Inc. vs Fair Isaac Corporation

A Comparative Analysis of SG&A Expenses: Fiserv, Inc. vs Fair Isaac Corporation

In the ever-evolving landscape of financial services, understanding the operational costs of industry giants like Fiserv, Inc. and Fair Isaac Corporation (FICO) is crucial. Over the past decade, from 2014 to 2023, Fiserv's Selling, General, and Administrative (SG&A) expenses have surged by over 570%, peaking at approximately $6.58 billion in 2023. In contrast, FICO's SG&A expenses have shown a more modest increase of around 66%, reaching $462 million in 2024. This stark difference highlights Fiserv's aggressive expansion and operational scaling, while FICO maintains a more steady growth trajectory. Notably, the data for 2024 is incomplete for Fiserv, indicating potential shifts in their financial strategy. As these companies continue to navigate the complexities of the financial sector, their SG&A trends offer valuable insights into their strategic priorities and market positioning.