Who Optimizes SG&A Costs Better? ASML Holding N.V. or Broadridge Financial Solutions, Inc.

Optimizing SG&A Costs: A Comparative Analysis

In the competitive landscape of global business, managing Selling, General, and Administrative (SG&A) expenses is crucial for maintaining profitability. ASML Holding N.V. and Broadridge Financial Solutions, Inc. have been at the forefront of this financial discipline since 2014. Over the past decade, Broadridge has consistently optimized its SG&A costs, maintaining a steady increase of approximately 5% annually. In contrast, ASML's SG&A expenses surged by nearly 250% from 2014 to 2023, reflecting its aggressive growth strategy.

A Decade of Financial Strategy

While Broadridge's expenses peaked at 916 million in 2024, ASML's expenses reached 1.11 billion in 2023, indicating a more volatile approach. This data highlights the strategic differences between the two companies: Broadridge's steady, controlled growth versus ASML's rapid expansion. Understanding these trends provides valuable insights into their financial strategies and market positioning.