Selling, General, and Administrative Costs: Shopify Inc. vs Analog Devices, Inc.

A Tale of Two Companies: SG&A Expenses Over Time

In the ever-evolving landscape of technology, understanding the financial strategies of industry leaders is crucial. This chart provides a fascinating glimpse into the Selling, General, and Administrative (SG&A) expenses of Shopify Inc. and Analog Devices, Inc. from 2014 to 2023. Over this decade, Shopify's SG&A expenses skyrocketed by over 2,800%, reflecting its aggressive growth strategy and expansion efforts. In contrast, Analog Devices, Inc. maintained a more stable trajectory, with a 180% increase, showcasing its steady approach to managing operational costs.

Key Insights

• 2014-2018: Shopify's expenses grew from $57 million to $457 million, a staggering 700% increase, while Analog Devices saw a modest 53% rise.
• 2019-2023: Shopify's expenses peaked at $1.94 billion in 2022, before slightly declining, whereas Analog Devices reached $1.27 billion in 2023, marking its highest point.

This data highlights the contrasting financial strategies of these two tech giants, offering valuable insights for investors and industry analysts.