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SG&A Expense Growth Under PressureDecelerating
Percentile Rank9
Studio
Year-over-Year Change

Year-over-year SG&A expense growth

Percentile
P9
Near historical low
vs 5Y Ago
-0.7x
Contraction
Streak
1 qtr
Consecutive declineDecelerating
PeriodValue
Q4 2025-15.48%
Q3 202516.76%
Q2 20251.29%
Q1 202589.92%
Q4 2024-39.02%
Q3 2024-3.42%
Q2 20247.35%
Q1 202417.31%
Q4 2023-9.34%
Q3 202310.88%
Q2 2023-14.07%
Q1 202313.53%
Q4 20225.55%
Q3 202218.23%
Q2 20221.31%
Q1 20223.87%
Q4 20213.82%
Q3 20211.18%
Q2 202130.33%
Q1 2021-20.57%
Q4 202022.16%
Q3 202024.95%
Q2 2020-1.69%
Q1 20200.00%