Selling, General, and Administrative Costs: Shopify Inc. vs Corning Incorporated

A Tale of Two Companies: Shopify Inc. vs Corning Incorporated

In the ever-evolving landscape of business expenses, Selling, General, and Administrative (SG&A) costs serve as a crucial indicator of a company's operational efficiency. Over the past decade, Shopify Inc. and Corning Incorporated have showcased contrasting trajectories in their SG&A expenses.

Shopify's Meteoric Rise

From 2014 to 2023, Shopify's SG&A expenses skyrocketed by over 2,800%, reflecting its rapid expansion and aggressive market strategies. By 2022, Shopify's expenses peaked, surpassing Corning's for the first time, highlighting its significant growth in the e-commerce sector.

Corning's Steady Path

Conversely, Corning Incorporated maintained a more stable SG&A expense pattern, with a modest increase of around 60% over the same period. This stability underscores Corning's consistent approach in the technology and manufacturing sectors.

The Missing Year

Interestingly, 2024 data for Shopify is missing, leaving room for speculation on its future financial strategies.