Breaking Down SG&A Expenses: Shopify Inc. vs HP Inc.

A Tale of Two Giants: Shopify Inc. vs HP Inc.

In the ever-evolving landscape of technology and commerce, Shopify Inc. and HP Inc. stand as titans, each with its unique trajectory. Over the past decade, these companies have showcased contrasting strategies in managing their Selling, General, and Administrative (SG&A) expenses.

From 2014 to 2023, HP Inc. consistently maintained higher SG&A expenses, peaking in 2014 with a staggering 13.4 billion dollars. This reflects HP's expansive operational scale and its commitment to maintaining a robust global presence. In contrast, Shopify Inc., a relatively newer player, demonstrated a rapid growth trajectory. Starting with a modest 57 million dollars in 2014, Shopify's SG&A expenses surged by over 3,200% to nearly 1.9 billion dollars by 2022, underscoring its aggressive expansion and investment in innovation.

While HP's expenses remained relatively stable, Shopify's dynamic growth highlights its strategic focus on scaling operations and capturing market share. This comparison offers a fascinating glimpse into how two industry leaders navigate their financial landscapes.