Shopify Inc. vs Fiserv, Inc.: SG&A Expense Trends

SG&A Expense Trends: Shopify Inc. vs Fiserv, Inc.

In the ever-evolving landscape of e-commerce and financial services, understanding the financial health of industry leaders is crucial. Over the past decade, Shopify Inc. and Fiserv, Inc. have demonstrated contrasting trends in their Selling, General, and Administrative (SG&A) expenses. From 2014 to 2023, Fiserv's SG&A expenses surged by approximately 575%, reflecting its aggressive expansion and operational scaling. In contrast, Shopify's expenses grew by nearly 2,870%, underscoring its rapid growth trajectory in the e-commerce sector.

Key Insights

• Fiserv, Inc.: Starting at 975 million in 2014, Fiserv's SG&A expenses reached a peak of 6.576 billion in 2023, highlighting its strategic investments in technology and infrastructure.
• Shopify Inc.: From a modest 57 million in 2014, Shopify's expenses soared to 1.711 billion by 2023, driven by its global expansion and increased market presence.

These trends offer a glimpse into the strategic priorities and growth dynamics of these two industry giants.