A Decade of SG&A Costs: Fiserv, Inc. vs Zebra Technologies Corporation

In the ever-evolving landscape of corporate finance, Selling, General, and Administrative (SG&A) expenses serve as a critical indicator of a company's operational efficiency. Over the past decade, Fiserv, Inc. and Zebra Technologies Corporation have demonstrated contrasting trajectories in their SG&A expenditures.

Fiserv, Inc.: A Steep Climb

Since 2014, Fiserv's SG&A costs have surged by over 570%, peaking in 2023. This dramatic increase reflects the company's aggressive expansion and strategic investments, underscoring its commitment to scaling operations and enhancing market presence.

Zebra Technologies: Steady and Strategic

Conversely, Zebra Technologies has maintained a more stable SG&A profile, with a modest 160% increase over the same period. This stability highlights Zebra's disciplined approach to cost management, ensuring sustainable growth without compromising operational efficiency.

As these two industry giants continue to navigate the complexities of the global market, their SG&A strategies offer valuable insights into their broader business philosophies.