Operational Costs Compared: SG&A Analysis of ASML Holding N.V. and Tyler Technologies, Inc.

A Decade of Operational Cost Trends: ASML vs. Tyler Technologies

In the ever-evolving landscape of technology, operational efficiency is paramount. Over the past decade, ASML Holding N.V. and Tyler Technologies, Inc. have demonstrated distinct trajectories in their Selling, General, and Administrative (SG&A) expenses. From 2014 to 2023, ASML's SG&A expenses surged by approximately 250%, reflecting its aggressive expansion and innovation strategies. In contrast, Tyler Technologies saw a more modest increase of around 320%, indicative of its steady growth in the public sector software market.

Key Insights

• ASML's Growth: By 2023, ASML's SG&A expenses reached over three times their 2014 levels, highlighting its commitment to maintaining a competitive edge in semiconductor technology.
• Tyler's Steady Climb: Tyler Technologies' expenses doubled over the same period, underscoring its consistent market penetration and operational scaling.

These trends offer a window into the strategic priorities of two industry leaders, each navigating their unique paths to success.