Selling, General, and Administrative Costs: Fiserv, Inc. vs Garmin Ltd.

A Tale of Two Companies: Fiserv, Inc. vs Garmin Ltd.

In the world of corporate finance, Selling, General, and Administrative (SG&A) expenses are a critical measure of a company's operational efficiency. Over the past decade, Fiserv, Inc. and Garmin Ltd. have shown contrasting trends in their SG&A costs. From 2014 to 2023, Fiserv's SG&A expenses surged by over 570%, reflecting its aggressive expansion and strategic investments. In contrast, Garmin Ltd. maintained a more stable trajectory, with a modest increase of around 95% during the same period. This divergence highlights Fiserv's rapid growth strategy compared to Garmin's steady approach. As of 2023, Fiserv's SG&A expenses are approximately six times higher than Garmin's, underscoring the different paths these companies have taken. Investors and analysts should consider these trends when evaluating the financial health and strategic direction of these industry giants.

Key Insight: Fiserv's SG&A expenses outpace Garmin's by 6x in 2023.