SG&A Expense Trends: A Tale of Two Giants

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, Parker-Hannifin Corporation and Global Payments Inc. have showcased distinct trajectories in their SG&A expenditures.

A Decade of Change

From 2014 to 2023, Global Payments Inc. saw a staggering 214% increase in SG&A expenses, peaking in 2023. This growth reflects the company's aggressive expansion and strategic investments. In contrast, Parker-Hannifin Corporation maintained a more stable trajectory, with a notable spike in 2023, marking a 105% increase from 2014. This suggests a strategic shift or significant investment during that year.

Insights and Implications

While Global Payments Inc. consistently increased its SG&A spending, Parker-Hannifin's expenses remained relatively stable until the recent surge. This divergence highlights differing corporate strategies and market responses. Missing data for 2024 suggests ongoing developments, warranting close observation.