Selling, General, and Administrative Costs: NVIDIA Corporation vs Fiserv, Inc.

A Comparative Analysis of SG&A Expenses: NVIDIA 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, NVIDIA Corporation and Fiserv, Inc. have demonstrated contrasting trends in their SG&A expenditures.

From 2014 to 2023, Fiserv's SG&A costs surged by approximately 575%, peaking at $6.576 billion in 2023. This growth reflects Fiserv's aggressive expansion and investment in administrative capabilities. In contrast, NVIDIA's SG&A expenses increased by around 460% during the same period, reaching $2.44 billion in 2023. This rise aligns with NVIDIA's strategic focus on scaling its operations to support its burgeoning market presence.

Interestingly, while Fiserv's expenses consistently outpaced NVIDIA's, the latter's growth trajectory suggests a robust alignment with its revenue expansion strategy. The data for 2024 remains incomplete, offering a tantalizing glimpse into future financial maneuvers.