Who Optimizes SG&A Costs Better? Fiserv, Inc. or Fortinet, Inc.

Optimizing SG&A Costs: A Tale of Two Companies

In the competitive landscape of financial management, optimizing Selling, General, and Administrative (SG&A) expenses is crucial for maintaining profitability. Over the past decade, Fiserv, Inc. and Fortinet, Inc. have demonstrated contrasting approaches to managing these costs. From 2014 to 2023, Fiserv's SG&A expenses surged by over 570%, peaking at approximately $6.6 billion in 2023. In contrast, Fortinet's expenses grew by around 520%, reaching $2.2 billion in the same year. This disparity highlights Fiserv's aggressive expansion strategy, while Fortinet maintains a more conservative approach. Despite the differences, both companies have shown a consistent upward trend in SG&A costs, reflecting broader industry challenges. As businesses navigate the complexities of cost management, these insights offer valuable lessons in balancing growth with operational efficiency.