Comparing SG&A Expenses: Palo Alto Networks, Inc. vs Fiserv, Inc. Trends and Insights

SG&A Expenses: A Tale of Two Companies

In the ever-evolving landscape of corporate finance, understanding the trends in Selling, General, and Administrative (SG&A) expenses is crucial for investors and analysts alike. This article delves into the SG&A expenses of two industry giants: Palo Alto Networks, Inc. and Fiserv, Inc., from 2014 to 2023.

Palo Alto Networks, Inc.

Palo Alto Networks has shown a consistent upward trajectory in its SG&A expenses, growing by approximately 750% over the decade. This reflects the company's aggressive expansion and investment in sales and administrative capabilities to support its growth in the cybersecurity sector.

Fiserv, Inc.

Conversely, Fiserv, Inc. experienced a more dramatic increase, with SG&A expenses surging by over 570% during the same period. This spike, particularly noticeable post-2018, aligns with strategic acquisitions and scaling operations to maintain its leadership in financial services technology.

The data for 2024 is incomplete, indicating a need for cautious interpretation of future trends.