A Tale of Two Giants: SG&A Expenses Over Time

In the ever-evolving landscape of corporate finance, Selling, General, and Administrative (SG&A) expenses serve as a crucial indicator of a company's operational efficiency. This analysis juxtaposes the SG&A expenses of Thomson Reuters Corporation and Delta Air Lines, Inc. from 2014 to 2023.

Thomson Reuters Corporation

Thomson Reuters, a leader in information services, saw a significant decline in SG&A expenses, dropping from a peak of over $9 billion in 2014 to a mere $64 million by 2023. This dramatic reduction, approximately 99%, reflects strategic cost-cutting measures and operational streamlining.

Delta Air Lines, Inc.

Conversely, Delta Air Lines experienced a more stable trend, with expenses peaking at $3.6 billion in 2019 before dipping to $582 million in 2020, likely due to pandemic-related disruptions. By 2023, expenses rebounded to $2.3 billion, indicating a recovery phase.

This comparative analysis highlights the diverse strategies and challenges faced by companies in different sectors, offering valuable insights into their financial health and adaptability.