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

Analyzing SG&A Trends: Shopify Inc. vs Fiserv, Inc.

In the ever-evolving landscape of e-commerce and financial services, understanding operational expenses is crucial. This analysis delves into the Selling, General, and Administrative (SG&A) expenses of Shopify Inc. and Fiserv, Inc. from 2014 to 2023.

Key Insights

Over the past decade, Fiserv, Inc. has consistently outpaced Shopify Inc. in SG&A expenses, reflecting its expansive operations. In 2023, Fiserv's SG&A expenses were approximately 3.8 times higher than Shopify's, highlighting its larger scale. However, Shopify's growth trajectory is noteworthy, with a staggering 29-fold increase in SG&A expenses from 2014 to 2023, indicating rapid expansion and investment in its business model.

Conclusion

These trends underscore the distinct growth strategies of both companies. While Fiserv maintains a steady operational scale, Shopify's aggressive growth strategy is evident in its rising SG&A expenses, positioning it as a formidable player in the e-commerce sector.