Selling, General, and Administrative Costs: Fiserv, Inc. vs Microchip Technology Incorporated

A Comparative Analysis of SG&A Expenses: Fiserv, Inc. vs. Microchip Technology

In the ever-evolving landscape of corporate finance, understanding the nuances of Selling, General, and Administrative (SG&A) expenses is crucial. Over the past decade, Fiserv, Inc. and Microchip Technology Incorporated have showcased contrasting trajectories in their SG&A expenditures. From 2014 to 2023, Fiserv's SG&A costs surged by over 570%, peaking in 2023, while Microchip Technology's expenses grew by approximately 200% during the same period. This stark difference highlights Fiserv's aggressive expansion and strategic investments, compared to Microchip's more conservative approach.

Interestingly, Fiserv's expenses saw a dramatic increase post-2018, coinciding with significant acquisitions and market expansions. In contrast, Microchip Technology maintained a steady growth pattern, reflecting its focus on operational efficiency. The data for 2024 remains incomplete, leaving room for speculation on future trends. This analysis underscores the importance of strategic financial management in navigating competitive markets.