SG&A Spending Patterns: A Tale of Two Giants

In the ever-evolving landscape of corporate finance, understanding the spending patterns of industry leaders is crucial. Delta Air Lines, Inc. and Global Payments Inc. offer a fascinating study in contrasts. From 2014 to 2023, Delta's Selling, General, and Administrative (SG&A) expenses fluctuated significantly, peaking in 2019 before a sharp decline in 2020, likely due to the pandemic's impact on the airline industry. In contrast, Global Payments Inc. demonstrated a steady upward trajectory, with SG&A expenses growing by over 200% from 2014 to 2023.

Key Insights

• Delta Air Lines: Experienced a dramatic 84% drop in SG&A expenses in 2020, reflecting the airline industry's challenges.
• Global Payments: Showed resilience with a consistent increase, reaching its highest in 2023.

This comparison highlights the diverse strategies and challenges faced by companies in different sectors, offering valuable insights for investors and analysts alike.