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SG&A Expense Growth Under PressureDecelerating
Percentile Rank4
Studio
Year-over-Year Change

Year-over-year SG&A expense growth

Percentile
P4
Near historical low
vs 5Y Ago
-2x
Contraction
Streak
1 qtr
Consecutive declineDecelerating
PeriodValue
Q4 2025-29.89%
Q3 2025114.56%
Q2 2025-46.42%
Q1 20251.62%
Q4 2024-3.18%
Q3 2024-17.24%
Q2 20240.87%
Q1 2024-6.65%
Q4 2023-10.34%
Q3 2023-21.12%
Q2 202321.79%
Q1 20230.51%
Q4 202235.99%
Q3 2022-9.28%
Q2 202268.58%
Q1 2022-12.94%
Q4 202127.76%
Q3 2021-11.74%
Q2 202151.02%
Q1 202121.45%
Q4 202015.11%
Q3 202031.65%
Q2 2020-12.88%
Q1 2020-12.23%
Q4 20194.38%
Q3 20190.00%