Tyler Technologies, Inc. and FLEETCOR Technologies, Inc.: SG&A Spending Patterns Compared

SG&A Spending Patterns: A Tale of Two Tech Giants

In the ever-evolving landscape of technology, understanding the financial strategies of industry leaders is crucial. Over the past decade, Tyler Technologies, Inc. and FLEETCOR Technologies, Inc. have demonstrated distinct approaches to their Selling, General, and Administrative (SG&A) expenses. From 2014 to 2023, FLEETCOR's SG&A expenses surged by approximately 174%, reflecting a strategic emphasis on scaling operations and expanding market reach. In contrast, Tyler Technologies exhibited a more conservative growth of around 323% in the same period, indicating a focus on sustainable expansion and operational efficiency.

Key Insights

• FLEETCOR's Growth: By 2023, FLEETCOR's SG&A expenses reached over 1 billion, a testament to its aggressive growth strategy.
• Tyler's Strategy: Tyler Technologies, while smaller in scale, has consistently increased its SG&A spending, reaching nearly half a billion by 2023.

These patterns highlight the diverse strategies employed by tech companies to navigate competitive markets.