Who Optimizes SG&A Costs Better? Fiserv, Inc. or TE Connectivity Ltd.

Optimizing SG&A Costs: A Tale of Two Giants

In the competitive landscape of corporate finance, managing Selling, General, and Administrative (SG&A) expenses is crucial for profitability. Fiserv, Inc. and TE Connectivity Ltd. have been at the forefront of this challenge since 2014. Over the past decade, TE Connectivity has consistently maintained its SG&A expenses around $1.5 billion annually, showcasing a stable cost management strategy. In contrast, Fiserv's SG&A expenses have surged by over 500%, peaking at approximately $6.6 billion in 2023. This dramatic increase suggests aggressive expansion or restructuring efforts. While TE Connectivity's steady approach reflects a focus on efficiency, Fiserv's rising costs may indicate strategic investments for future growth. The data for 2024 is incomplete, leaving room for speculation on whether Fiserv will stabilize its expenses or continue its upward trajectory. This analysis provides a fascinating glimpse into how these industry leaders navigate financial management.