Global Payments Inc. or CNH Industrial N.V.: Who Manages SG&A Costs Better?

Managing 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. This analysis delves into the SG&A cost management of two industry giants: Global Payments Inc. and CNH Industrial N.V., from 2014 to 2023.

Global Payments Inc. has shown a significant upward trend in SG&A expenses, increasing by over 200% from 2014 to 2023. This rise reflects the company's aggressive expansion and investment strategies. In contrast, CNH Industrial N.V. has managed to reduce its SG&A costs by approximately 36% over the same period, indicating a more conservative and efficient cost management approach.

While Global Payments Inc. has seen its expenses soar, potentially impacting its bottom line, CNH Industrial N.V.'s strategic cost containment could provide a competitive edge in the long run. This comparison highlights the diverse strategies companies employ to navigate financial challenges and opportunities.