SG&A Efficiency Analysis: Comparing Intuit Inc. and Corpay, Inc.

SG&A Efficiency: A Tale of Two Companies

In the competitive landscape of financial technology, understanding operational efficiency is crucial. This analysis compares the Selling, General, and Administrative (SG&A) expenses of Intuit Inc. and Corpay, Inc. over a decade, from 2014 to 2023.

Intuit Inc.: A Steady Climb

Intuit Inc. has shown a consistent increase in SG&A expenses, growing from approximately $1.76 billion in 2014 to over $5 billion in 2023. This represents a growth of nearly 190%, reflecting Intuit's strategic investments in expanding its market reach and enhancing its product offerings.

Corpay, Inc.: A Dynamic Journey

Corpay, Inc., on the other hand, started with SG&A expenses of around $281 million in 2014, reaching approximately $943 million by 2023. This marks a significant increase of over 230%, indicating aggressive expansion and operational scaling.

While both companies have shown growth, Intuit's expenses are notably higher, suggesting a larger scale of operations. However, Corpay's rapid percentage increase highlights its dynamic growth strategy.