NVIDIA Corporation or Accenture plc: Who Manages SG&A Costs Better?

Managing SG&A Costs: A Tale of Two Giants

In the competitive world of technology and consulting, managing Selling, General, and Administrative (SG&A) expenses is crucial for profitability. Over the past decade, Accenture plc and NVIDIA Corporation have demonstrated contrasting approaches to handling these costs. From 2014 to 2024, Accenture's SG&A expenses have grown steadily, peaking at approximately $11.1 billion in 2024, reflecting a 106% increase. In contrast, NVIDIA's expenses rose from $435 million in 2014 to $2.65 billion in 2024, marking a significant 510% surge.

Despite NVIDIA's rapid increase, their SG&A expenses remain a smaller fraction of their revenue compared to Accenture. This suggests NVIDIA's aggressive growth strategy, focusing on expanding market share and innovation. Meanwhile, Accenture's consistent expense management highlights their focus on operational efficiency and maintaining a stable cost structure. As these industry leaders continue to evolve, their strategies offer valuable insights into balancing growth with cost management.