Selling, General, and Administrative Costs: ServiceNow, Inc. vs CDW Corporation

A Tale of Two Giants: ServiceNow, Inc. vs CDW Corporation

In the ever-evolving landscape of technology and services, understanding the financial dynamics of industry leaders is crucial. Over the past decade, ServiceNow, Inc. and CDW Corporation have showcased intriguing trends in their Selling, General, and Administrative (SG&A) expenses. From 2014 to 2023, ServiceNow's SG&A costs surged by over 850%, reflecting its aggressive growth strategy and market expansion. In contrast, CDW Corporation's expenses grew by approximately 138%, indicating a more stable, yet consistent, operational approach.

By 2023, ServiceNow's SG&A expenses reached a staggering 4.16 billion, surpassing CDW's 2.97 billion. This shift highlights ServiceNow's rapid scaling and investment in infrastructure and talent. However, the data for 2024 is incomplete, with CDW's figures missing, leaving room for speculation on future trends. As these companies continue to evolve, their financial strategies will undoubtedly shape the industry's future.