QUALCOMM Incorporated or Fiserv, Inc.: Who Manages SG&A Costs Better?

Who Manages SG&A Costs Better: QUALCOMM or Fiserv?

In the competitive landscape of corporate finance, managing Selling, General, and Administrative (SG&A) expenses is crucial for profitability. Over the past decade, Fiserv, Inc. and QUALCOMM Incorporated have demonstrated contrasting strategies in handling these costs. From 2014 to 2023, Fiserv's SG&A expenses surged by over 570%, peaking at approximately $6.6 billion in 2023. This reflects a strategic expansion, possibly linked to acquisitions and scaling operations. In contrast, QUALCOMM maintained a more stable trajectory, with expenses fluctuating around $2.5 billion, indicating a focus on operational efficiency.

The data reveals that while Fiserv's aggressive growth strategy led to higher costs, QUALCOMM's consistent management of SG&A expenses suggests a disciplined approach. As we look to 2024, QUALCOMM's data remains consistent, while Fiserv's is yet to be reported, leaving room for speculation on future strategies.