0J5I.L0J5I.LLSE
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SG&A Expense Growth Under PressureDecelerating
Percentile Rank3
Studio
Year-over-Year Change

Year-over-year SG&A expense growth

Percentile
P3
Near historical low
vs 5Y Ago
-1.8x
Contraction
Streak
2 qtr
Consecutive declineDecelerating
PeriodValue
Q4 2025-100.00%
Q3 2025-15.18%
Q2 2025-6.67%
Q1 2025-14.89%
Q4 2024211.02%
Q3 2024-210.43%
Q2 20247.48%
Q1 20248.08%
Q4 20230.00%
Q3 2023-12.39%
Q2 202324.18%
Q1 202324.66%
Q4 2022-22.34%
Q3 2022-11.32%
Q2 202216.48%
Q1 202213.75%
Q4 2021-27.27%
Q3 20218.91%
Q2 20214.12%
Q1 2021-10.19%
Q4 202056.52%
Q3 20204.55%
Q2 202010.00%
Q1 2020-49.58%
Q4 201910.19%
Q3 2019-6.09%
Q2 20194.55%
Q1 2019-12.70%
Q4 201815.60%
Q3 2018-5.22%
Q2 201810.58%
Q1 2018-8.77%
Q4 201714.00%
Q3 2017-11.50%
Q2 201717.71%
Q1 2017-17.24%
Q4 20168.41%
Q3 201610.31%
Q2 201616.87%
Q1 201688.64%