SG&A Efficiency: A Tale of Two Giants

In the ever-evolving landscape of corporate finance, the efficiency of Selling, General, and Administrative (SG&A) expenses is a critical metric for evaluating a company's operational prowess. Over the past decade, Fiserv, Inc. and Intel Corporation have showcased contrasting trends in their SG&A expenditures.

Fiserv's Strategic Growth

From 2014 to 2023, Fiserv's SG&A expenses surged by approximately 575%, reflecting its aggressive expansion strategy. This increase, from $975 million to $6.576 billion, underscores Fiserv's commitment to scaling its operations and enhancing its market presence.

Intel's Cost Management

Conversely, Intel's SG&A expenses exhibited a more conservative trajectory, peaking in 2016 at $8.397 billion before declining to $5.634 billion in 2023. This 33% reduction highlights Intel's focus on cost optimization amidst a competitive tech landscape.

These divergent paths offer a fascinating glimpse into the strategic priorities of two industry titans, each navigating their unique challenges and opportunities.