Accenture plc or Corpay, Inc.: Who Manages SG&A Costs Better?

Accenture vs. Corpay: A Decade of SG&A Management

In the ever-evolving landscape of corporate finance, managing Selling, General, and Administrative (SG&A) expenses is crucial for maintaining profitability. Over the past decade, Accenture plc and Corpay, Inc. have demonstrated contrasting approaches to SG&A management. Accenture, a global consulting giant, has seen its SG&A expenses grow by approximately 106% from 2014 to 2023, reflecting its expansive global operations. In contrast, Corpay, a leader in business payments, has maintained a more modest increase of around 235% over the same period, indicating a leaner operational model.

Key Insights

• Accenture's Growth: Accenture's SG&A expenses have consistently risen, peaking at over $11 billion in 2023, showcasing its investment in global expansion and innovation.
• Corpay's Efficiency: Despite a smaller scale, Corpay's expenses have grown steadily, reaching nearly $944 million in 2023, highlighting its focus on cost efficiency.

This analysis underscores the strategic differences in managing operational costs between two industry leaders.