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

A Tale of Two Tech Giants: Shopify vs. Splunk

In the ever-evolving tech landscape, understanding operational efficiency is crucial. Shopify Inc. and Splunk Inc., two titans in their respective domains, have shown distinct trends in their Selling, General, and Administrative (SG&A) expenses over the past decade. From 2014 to 2023, Shopify's SG&A expenses skyrocketed by over 2,800%, peaking in 2022. This reflects Shopify's aggressive growth strategy and expansion efforts. In contrast, Splunk's expenses grew by approximately 670% during the same period, indicating a more measured approach.

Key Insights

• Shopify's Surge: Shopify's SG&A expenses peaked in 2022, highlighting its rapid expansion.
• Splunk's Stability: Splunk maintained a steady increase, with a slight dip in 2024.

These trends offer a window into each company's strategic priorities, with Shopify focusing on rapid growth and Splunk on sustainable scaling.