A Decade of SG&A: Microsoft vs. Fiserv

In the ever-evolving landscape of corporate finance, Selling, General, and Administrative (SG&A) expenses serve as a critical indicator of a company's operational efficiency. Over the past decade, Microsoft Corporation and Fiserv, Inc. have showcased contrasting trajectories in their SG&A expenditures.

Microsoft Corporation

From 2014 to 2023, Microsoft's SG&A expenses have consistently grown, peaking at approximately $30 billion in 2023. This represents a 47% increase from 2014, reflecting Microsoft's expansive growth and strategic investments in innovation and market expansion.

Fiserv, Inc.

Conversely, Fiserv's SG&A expenses have surged by over 570% during the same period, reaching around $6.6 billion in 2023. This dramatic rise underscores Fiserv's aggressive acquisition strategy and its commitment to scaling operations.

While Microsoft's expenses dwarf those of Fiserv, the latter's rapid growth trajectory is noteworthy. The data for 2024 is incomplete, leaving room for speculation on future trends.