Global Payments Inc. vs Graco Inc.: SG&A Expense Trends

SG&A Expense Trends: A Tale of Two Companies

In the ever-evolving landscape of corporate finance, understanding the trends in Selling, General, and Administrative (SG&A) expenses is crucial for investors and analysts alike. Over the past decade, Global Payments Inc. and Graco Inc. have showcased contrasting trajectories in their SG&A expenses, reflecting their unique business strategies and market positions.

From 2014 to 2023, Global Payments Inc. experienced a staggering 214% increase in SG&A expenses, peaking in 2023. This growth underscores the company's aggressive expansion and investment in operational capabilities. In contrast, Graco Inc.'s SG&A expenses grew by a modest 42% over the same period, indicating a more conservative approach to cost management.

While Global Payments Inc. faced a data gap in 2024, Graco Inc. continued its steady climb, reaching new heights. These trends offer a window into the strategic priorities of each company, providing valuable insights for stakeholders.