Breaking Down SG&A Expenses: SAP SE vs STMicroelectronics N.V.

A Comparative Analysis of SG&A Expenses: SAP SE vs. STMicroelectronics N.V.

In the ever-evolving landscape of global technology, understanding the financial strategies of industry giants is crucial. This analysis delves into the Selling, General, and Administrative (SG&A) expenses of SAP SE and STMicroelectronics N.V. from 2014 to 2023. Over this period, SAP SE consistently outpaced STMicroelectronics in SG&A spending, reflecting its expansive operational scale. Notably, SAP SE's SG&A expenses peaked in 2022, reaching approximately 11 billion, marking a 112% increase from 2014. In contrast, STMicroelectronics exhibited a more modest growth, with its SG&A expenses rising by 75% over the same period, peaking at 1.65 billion in 2023. This disparity underscores SAP SE's aggressive investment in administrative and sales functions, potentially driving its market dominance. As the tech industry continues to grow, these financial strategies offer insights into the competitive dynamics between European tech leaders.