Comparing SG&A Expenses: Broadcom Inc. vs Shopify Inc. Trends and Insights

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

In the ever-evolving landscape of technology and e-commerce, Broadcom Inc. and Shopify Inc. have emerged as pivotal players. Over the past decade, their Selling, General, and Administrative (SG&A) expenses have revealed intriguing trends. Broadcom's SG&A expenses have surged by over 1,100% from 2014 to 2024, peaking at nearly $5 billion in 2024. This reflects its aggressive expansion and strategic acquisitions. Meanwhile, Shopify's expenses have grown by an astounding 2,900% from 2014 to 2023, highlighting its rapid scaling and market penetration. Notably, Shopify's expenses surpassed Broadcom's in 2022, marking a significant milestone. However, data for Shopify in 2024 remains elusive, leaving room for speculation. These trends underscore the dynamic nature of these industries, where strategic investments in SG&A can drive growth and competitive advantage.