Who Optimizes SG&A Costs Better? Fiserv, Inc. or STMicroelectronics N.V.

Optimizing SG&A Costs: A Tale of Two Giants

In the competitive world of technology and finance, managing Selling, General, and Administrative (SG&A) expenses is crucial for profitability. Fiserv, Inc. and STMicroelectronics N.V. have been at the forefront of this battle since 2014. Over the past decade, Fiserv's SG&A expenses have surged by over 570%, peaking at approximately $6.6 billion in 2023. In contrast, STMicroelectronics has maintained a more stable trajectory, with a modest increase of around 75% over the same period, reaching $1.65 billion in 2023.

This stark difference highlights Fiserv's aggressive expansion strategy, while STMicroelectronics appears to focus on cost efficiency. As businesses navigate the post-pandemic landscape, these insights offer valuable lessons in balancing growth with cost management. The data underscores the importance of strategic financial planning in sustaining long-term success.