Shopify Inc. and Gen Digital Inc.: SG&A Spending Patterns Compared

A Tale of Two Companies: SG&A Spending Trends

Shopify Inc. vs. Gen Digital Inc.

In the ever-evolving landscape of corporate finance, understanding a company's spending patterns can offer valuable insights into its strategic priorities. Over the past decade, Shopify Inc. and Gen Digital Inc. have showcased contrasting approaches in their Selling, General, and Administrative (SG&A) expenses.

From 2014 to 2023, Gen Digital Inc. consistently allocated a significant portion of its budget to SG&A, peaking in 2014 with expenditures nearly 50 times that of Shopify. However, Shopify's SG&A spending has grown exponentially, increasing by over 3,200% from 2014 to 2022, reflecting its aggressive expansion strategy. By 2022, Shopify's SG&A expenses surpassed Gen Digital's, marking a pivotal shift in spending dynamics.

This data highlights the strategic shifts within these companies, with Shopify's rapid growth trajectory contrasting with Gen Digital's more stable expenditure pattern. Missing data for 2024 suggests ongoing changes, warranting close observation.