SG&A Efficiency Analysis: Comparing Accenture plc and Fiserv, Inc.

SG&A Efficiency: A Tale of Two Giants

In the ever-evolving landscape of corporate efficiency, Accenture plc and Fiserv, Inc. stand as titans in their respective fields. Over the past decade, Accenture has consistently demonstrated a robust growth in its Selling, General, and Administrative (SG&A) expenses, reflecting a strategic investment in operational capabilities. From 2014 to 2023, Accenture's SG&A expenses surged by approximately 100%, peaking at over $11 billion in 2023. This growth underscores Accenture's commitment to scaling its global operations.
Conversely, Fiserv, Inc. has shown a more conservative trajectory, with its SG&A expenses increasing by nearly 600% from 2014 to 2023, reaching $6.6 billion. This sharp rise, particularly post-2019, highlights Fiserv's aggressive expansion and adaptation strategies in the financial services sector.
While Accenture's data for 2024 remains incomplete, the trends suggest a continued focus on efficiency and growth. These insights offer a compelling narrative of strategic financial management in two leading corporations.