A Decade of SG&A: Shopify vs. Fair Isaac

In the ever-evolving landscape of technology and finance, operational efficiency is paramount. Over the past decade, Shopify Inc. and Fair Isaac Corporation have demonstrated contrasting trajectories in their Selling, General, and Administrative (SG&A) expenses. From 2014 to 2023, Shopify's SG&A expenses skyrocketed by over 2,800%, reflecting its rapid expansion and aggressive market strategies. In contrast, Fair Isaac's expenses grew by a modest 66%, showcasing a more stable and controlled growth approach.

Key Insights

• Shopify's Surge: By 2022, Shopify's SG&A expenses peaked at nearly 1.94 billion, a testament to its global expansion efforts.
• Fair Isaac's Stability: Despite fluctuations, Fair Isaac maintained a steady increase, reaching approximately 463 million in 2024.

This analysis highlights the diverse strategies of two industry giants, offering valuable insights into their operational priorities and market positioning.