AX1.AXAX1.AXASX
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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
-0.3x
Contraction
Streak
3 qtr
Consecutive declineDecelerating
PeriodValue
Q4 2025-48.12%
Q2 2025-10.93%
Q4 20248.92%
Q2 2024103.94%
Q4 20239.83%
Q2 2023-9.14%
Q1 202317.27%
Q2 20223.94%
Q4 202113.93%
Q2 202111.70%
Q4 202031.65%
Q2 2020-16.40%
Q4 2019-31.56%
Q2 2019-38.96%
Q4 201812.56%
Q2 2018-2.06%
Q4 20173.41%
Q2 201719.43%
Q4 201639.92%
Q2 20164.08%
Q4 2015146.10%
Q2 201569.07%
Q4 20143.81%
Q2 201444.97%
Q4 2013-6.92%
Q2 201359.56%
Q4 2012-5.14%
Q2 20120.00%
Q4 201129.21%
Q2 20110.00%
Q4 201052.86%
Q2 20100.00%
Q4 200927.81%
Q2 20090.00%
Q4 2008-17.43%
Q2 200819.22%
Q4 2007-5.03%
Q2 20070.00%
Q4 2006-71.96%
Q2 2006100.00%