Shopify Inc. or Sony Group Corporation: Who Manages SG&A Costs Better?

Shopify vs. Sony: A Tale of SG&A Management

In the ever-evolving landscape of global business, managing Selling, General, and Administrative (SG&A) expenses is crucial for maintaining profitability. Shopify Inc., a leading e-commerce platform, and Sony Group Corporation, a giant in electronics and entertainment, offer a fascinating comparison. From 2014 to 2023, Shopify's SG&A expenses surged by over 2,800%, reflecting its rapid growth and expansion. In contrast, Sony's SG&A costs remained relatively stable, with a modest increase of about 14% over the same period. This stability highlights Sony's mature market position and efficient cost management. Notably, in 2023, Shopify's SG&A expenses reached approximately 1.7 billion, while Sony's were significantly higher at nearly 2 trillion, showcasing the scale difference between the two companies. However, the absence of Shopify's 2024 data leaves room for speculation on its future cost management strategies.