Who Optimizes SG&A Costs Better? Adobe Inc. or Block, Inc.

Optimizing SG&A: A Tale of Two Tech Giants

In the ever-evolving tech landscape, managing Selling, General, and Administrative (SG&A) expenses is crucial for maintaining profitability. Adobe Inc. and Block, Inc. (formerly Square) offer a fascinating study in contrasts. From 2014 to 2023, Adobe's SG&A expenses grew by approximately 229%, reflecting its expansive growth strategy. In contrast, Block, Inc. saw a staggering increase of over 1,900% in the same period, highlighting its rapid scaling efforts.

Adobe's consistent growth in SG&A expenses, peaking at $7.3 billion in 2024, underscores its strategic investments in innovation and market expansion. Meanwhile, Block's expenses surged to $4.2 billion by 2023, indicating aggressive market penetration and diversification.

While Adobe's expenses show a steady upward trend, Block's rapid increase suggests a more volatile approach. Missing data for 2024 in Block's records leaves room for speculation on its future cost management strategies.