SG&A Expense Trends: SAP SE vs. Palo Alto Networks, Inc.

In the ever-evolving landscape of global business, understanding the financial strategies of industry leaders is crucial. This analysis delves into the Selling, General, and Administrative (SG&A) expenses of two giants: SAP SE and Palo Alto Networks, Inc., from 2014 to 2023.

A Decade of Financial Strategy

Over the past decade, SAP SE has consistently maintained higher SG&A expenses compared to Palo Alto Networks, reflecting its expansive global operations. In 2022, SAP's SG&A expenses peaked at approximately $11 billion, marking a 112% increase from 2014. Meanwhile, Palo Alto Networks demonstrated a remarkable growth trajectory, with SG&A expenses surging by over 750% from 2014 to 2023, reaching nearly $3.5 billion.

Insights and Implications

This trend highlights SAP's stable yet expansive approach, while Palo Alto Networks showcases aggressive growth and investment in administrative capabilities. Notably, 2024 data for SAP is missing, indicating potential shifts or reporting delays.