SG&A Expense Trends: NVIDIA vs. SAP

In the ever-evolving tech industry, understanding financial trends is crucial. This analysis delves into the Selling, General, and Administrative (SG&A) expenses of two giants: NVIDIA Corporation and SAP SE, from 2014 to 2023. Over this period, NVIDIA's SG&A expenses surged by over 500%, reflecting its aggressive growth strategy and market expansion. In contrast, SAP's expenses grew by approximately 88%, indicating a more stable, yet substantial, investment in administrative functions.

Key Insights

• NVIDIA's Growth: From 2014 to 2023, NVIDIA's SG&A expenses increased from $435 million to $2.44 billion, showcasing its rapid scaling and market penetration.
• SAP's Stability: SAP's expenses peaked in 2022 at $11 billion, before slightly declining in 2023, suggesting a strategic shift or efficiency improvements.

These trends highlight the contrasting strategies of these tech titans, with NVIDIA focusing on rapid expansion and SAP maintaining steady growth.