Selling, General, and Administrative Costs: Shopify Inc. vs Hewlett Packard Enterprise Company

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

In the ever-evolving tech landscape, Shopify Inc. and Hewlett Packard Enterprise Company (HPE) have carved distinct paths. From 2014 to 2023, HPE's Selling, General, and Administrative (SG&A) expenses have seen a notable decline of approximately 44%, from $8.7 billion to $5.16 billion. This reflects a strategic shift towards efficiency and cost management. In contrast, Shopify's SG&A expenses have skyrocketed, increasing by over 2,800% from a modest $57 million in 2014 to $1.71 billion in 2023, underscoring its rapid growth and expansion strategy.

While HPE's expenses have stabilized in recent years, Shopify's aggressive scaling is evident, with a peak in 2022. The data for 2024 remains incomplete, hinting at potential shifts in strategy. This comparison highlights the diverse approaches of established giants and rising stars in managing operational costs.