Comparing SG&A Expenses: Adobe Inc. vs Fiserv, Inc. Trends and Insights

A Tale of Two Giants: Adobe Inc. vs. Fiserv, Inc.

In the ever-evolving landscape of corporate finance, understanding the trends in Selling, General, and Administrative (SG&A) expenses can offer valuable insights into a company's operational efficiency. Over the past decade, Adobe Inc. and Fiserv, Inc. have showcased intriguing trajectories in their SG&A expenses. Adobe's expenses have surged by approximately 230% from 2014 to 2023, reflecting its aggressive growth strategy and expansion into new markets. Meanwhile, Fiserv's expenses have also seen a significant increase, nearly 575% from 2014 to 2022, highlighting its strategic acquisitions and integration costs. Notably, Adobe's expenses consistently outpaced Fiserv's until 2020, when Fiserv briefly took the lead. However, by 2023, Adobe regained its position with a 3% higher SG&A expense than Fiserv. This dynamic interplay underscores the strategic priorities and market positioning of these industry leaders.