Breaking Down SG&A Expenses: ServiceNow, Inc. vs Workday, Inc.

A Tale of Two Giants: ServiceNow vs. Workday

In the ever-evolving landscape of enterprise software, ServiceNow and Workday have emerged as titans, each carving out a significant niche. Over the past decade, both companies have seen their Selling, General, and Administrative (SG&A) expenses soar, reflecting their aggressive growth strategies. From 2014 to 2024, ServiceNow's SG&A expenses have increased by over 1,000%, while Workday's have grown by approximately 980%. This rapid escalation underscores their commitment to expanding market share and enhancing customer experience.

Key Insights

• ServiceNow's Surge: By 2024, ServiceNow's SG&A expenses are projected to reach nearly 4.8 billion, a testament to its robust expansion efforts.
• Workday's Growth: Similarly, Workday's expenses are expected to hit around 2.8 billion, highlighting its strategic investments.

As these industry leaders continue to innovate, their financial trajectories offer a fascinating glimpse into the future of enterprise solutions.