6535.TWO6535.TWOTWO
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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
-10.3x
Contraction
Streak
2 qtr
Consecutive declineDecelerating
PeriodValue
Q4 2025-57.68%
Q3 2025-49.53%
Q2 202591.91%
Q1 2025-9.69%
Q4 2024-17.61%
Q3 202464.46%
Q2 2024-25.39%
Q1 2024-17.72%
Q4 202354.85%
Q3 2023-4.29%
Q2 2023-4.20%
Q1 2023-3.04%
Q4 20228.14%
Q3 202221.02%
Q2 2022-4.20%
Q1 2022-1.24%
Q4 20217.09%
Q3 202111.10%
Q2 2021-7.26%
Q1 20217.32%
Q4 20205.61%
Q3 2020-42.68%
Q2 202036.24%
Q1 2020-40.30%
Q4 201987.32%
Q3 201914.76%
Q2 2019-68.87%
Q1 201923.90%
Q4 201868.55%
Q3 20181.68%
Q2 20182.04%
Q1 2018-9.34%
Q4 20176.46%
Q3 2017-2.35%
Q2 2017-26.42%
Q1 201763.70%
Q4 2016-6.01%
Q3 201648.48%
Q2 20163.44%
Q1 20166.36%