Operating Expenses Take a Bigger Share of US Corporate Revenues in Q4 2023

Expenses are consuming a larger portion of revenues at US corporations rated by S&P Global Ratings despite widespread efforts to trim day-to-day costs of doing business.

The median ratio of operating expenses compared to total revenues for companies rated BBB- or higher rose to 83.7% in the fourth quarter of 2023 from 82.2% in the third quarter, according to the latest data from S&P Global Market Intelligence.

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