Comparing SG&A Expenses: Global Payments Inc. vs Southwest Airlines Co. Trends and Insights

SG&A Expenses: A Tale of Two Industries

In the ever-evolving landscape of corporate finance, Selling, General, and Administrative (SG&A) expenses serve as a critical indicator of a company's operational efficiency. This analysis juxtaposes the SG&A trends of Global Payments Inc., a leader in payment technology, and Southwest Airlines Co., a stalwart in the aviation industry, from 2014 to 2023.

Key Insights

Global Payments Inc. has seen a remarkable 215% increase in SG&A expenses over the past decade, reflecting its aggressive expansion and investment in technology. In contrast, Southwest Airlines Co. experienced a 1,830% surge in 2016, a year marked by strategic growth and increased operational costs. Despite fluctuations, both companies have shown resilience, with Global Payments Inc. peaking at $4.07 billion in 2023 and Southwest Airlines Co. closely following at $3.99 billion. This comparison underscores the diverse challenges and strategies within these distinct sectors.