ServiceNow, Inc. vs Fiserv, Inc.: SG&A Expense Trends

SG&A Expense Trends: ServiceNow, Inc. vs Fiserv, Inc.

In the ever-evolving landscape of corporate finance, understanding the trends in Selling, General, and Administrative (SG&A) expenses is crucial for investors and analysts alike. Over the past decade, ServiceNow, Inc. and Fiserv, Inc. have showcased distinct trajectories in their SG&A expenditures.

From 2014 to 2023, Fiserv's SG&A expenses surged by approximately 575%, reflecting its aggressive expansion and operational scaling. In contrast, ServiceNow's expenses grew by nearly 850%, underscoring its rapid growth and increasing market presence. Notably, in 2023, ServiceNow's SG&A expenses reached 4.16 billion, while Fiserv's expenses peaked at 6.58 billion.

These trends highlight the strategic priorities of each company, with Fiserv focusing on consolidation and ServiceNow on innovation. As we look to 2024, ServiceNow's data remains incomplete, leaving room for speculation on its future financial strategies.