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SG&A Expense Growth Under PressureDecelerating
Percentile Rank21
Studio
Year-over-Year Change

Year-over-year SG&A expense growth

Percentile
P21
Within normal range
vs 5Y Ago
-2.8x
Contraction
Streak
1 qtr
Consecutive declineDecelerating
PeriodValue
Q4 2025-9.85%
Q3 2025-0.40%
Q2 2025-11.78%
Q1 20251.56%
Q4 202414.55%
Q3 20242.90%
Q2 20244.34%
Q1 2024-16.01%
Q4 202316.73%
Q3 2023-11.78%
Q2 202311.57%
Q1 202311.48%
Q4 2022-8.70%
Q3 20222.79%
Q2 2022-1.79%
Q1 202210.40%
Q4 20217.95%
Q3 20219.84%
Q2 2021-14.07%
Q1 202131.18%
Q4 20203.56%
Q3 2020-3.69%
Q2 2020-0.13%
Q1 2020-16.55%
Q4 201914.84%
Q3 20191.35%
Q2 20196.91%
Q1 2019-11.11%
Q4 20186.93%
Q3 2018-3.08%
Q2 201812.85%
Q1 2018-4.76%
Q4 201711.15%
Q3 20172.51%
Q2 2017-4.23%
Q1 2017-4.76%
Q4 2016-19.50%
Q3 20169.47%
Q2 201616.30%
Q1 2016-24.71%