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

Optimizing SG&A Costs: A Tale of Two Companies

In the competitive landscape of financial management, Selling, General, and Administrative (SG&A) expenses are a critical metric for evaluating operational efficiency. Over the past decade, Fiserv, Inc. and Manhattan Associates, 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. This dramatic increase reflects their aggressive expansion and investment strategies. In contrast, Manhattan Associates maintained a more stable trajectory, with a modest 71% rise, reaching around $156 million in 2023.

While Fiserv's strategy may indicate robust growth, Manhattan Associates' consistent cost management highlights a disciplined approach to operational efficiency. As we look to 2024, with some data yet to be reported, the question remains: which strategy will prove more sustainable in the long run?