Operational Costs Compared: SG&A Analysis of Shopify Inc. and CDW Corporation

A Decade of SG&A Evolution: Shopify Inc. vs. CDW Corporation

In the ever-evolving landscape of operational costs, the Selling, General, and Administrative (SG&A) expenses of Shopify Inc. and CDW Corporation offer a fascinating glimpse into their strategic priorities over the past decade. From 2014 to 2023, CDW Corporation consistently maintained higher SG&A expenses, peaking at nearly $3 billion in 2023, reflecting a robust investment in its operational infrastructure. In contrast, Shopify Inc. demonstrated a remarkable growth trajectory, with SG&A expenses surging from a modest $57 million in 2014 to approximately $1.7 billion in 2023, marking an exponential increase of over 2,900%. This dramatic rise underscores Shopify's aggressive expansion and scaling efforts in the competitive e-commerce sector. As these two giants navigate their respective markets, their SG&A trends reveal not just financial strategies but also their commitment to sustaining growth and innovation.