Shopify Inc. vs PTC Inc.: SG&A Expense Trends

SG&A Expense Trends: Shopify Inc. vs PTC Inc.

In the ever-evolving landscape of technology companies, understanding financial trends is crucial. Over the past decade, Shopify Inc. and PTC Inc. have shown distinct trajectories in their Selling, General, and Administrative (SG&A) expenses. From 2014 to 2023, Shopify's SG&A expenses skyrocketed by over 2,800%, reflecting its aggressive growth strategy and expansion efforts. In contrast, PTC Inc. experienced a more modest increase of approximately 60% during the same period, indicating a stable yet steady approach.

Key Insights

• Shopify's Growth Surge: By 2022, Shopify's SG&A expenses reached nearly 1.94 billion, a testament to its rapid scaling and market penetration.
• PTC's Consistency: PTC maintained a consistent growth pattern, with expenses peaking at around 791 million in 2024.

These trends highlight the contrasting strategies of these tech giants, with Shopify focusing on rapid expansion and PTC on sustainable growth.