Global Payments Inc. or Elbit Systems Ltd.: Who Manages SG&A Costs Better?

SG&A Cost Management: A Tale of Two Companies

In the competitive landscape of global finance, managing Selling, General, and Administrative (SG&A) expenses is crucial for maintaining profitability. Over the past decade, Global Payments Inc. and Elbit Systems Ltd. have demonstrated contrasting approaches to SG&A cost management.

From 2014 to 2023, Global Payments Inc. saw a staggering 214% increase in SG&A expenses, peaking at over $4 billion in 2023. This growth reflects the company's aggressive expansion strategy. In contrast, Elbit Systems Ltd. maintained a more conservative approach, with a 95% increase over the same period, reaching approximately $696 million in 2023.

While Global Payments Inc. has embraced higher costs to fuel growth, Elbit Systems Ltd. has focused on efficiency, keeping its SG&A expenses relatively stable. This comparison highlights the strategic choices companies make in balancing growth and cost management.