Breaking Down SG&A Expenses: SAP SE vs CyberArk Software Ltd.

A Comparative Analysis of SG&A Expenses: SAP SE vs CyberArk Software Ltd.

In the ever-evolving landscape of technology, understanding the financial strategies of industry leaders is crucial. This analysis delves into the Selling, General, and Administrative (SG&A) expenses of two prominent tech companies: SAP SE and CyberArk Software Ltd., from 2014 to 2023.

SAP SE, a giant in enterprise software, consistently outpaces CyberArk in SG&A spending, reflecting its expansive global operations. In 2022, SAP's SG&A expenses peaked at approximately $11 billion, a 112% increase from 2014. Meanwhile, CyberArk, a leader in cybersecurity, showed a remarkable growth trajectory, with its SG&A expenses rising by over 800% during the same period, reaching around $500 million in 2023.

This stark contrast highlights SAP's established market presence and CyberArk's aggressive growth strategy, offering valuable insights into their operational priorities and market positioning.