IPXHFIPXHFOTC
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Operating Expenses Over TimeContracting
Percentile Rank86
3Y CAGR+11.7%
5Y CAGR+7.1%
Studio
Year-over-Year Change

Expenses from normal business operations (SG&A, R&D, etc.)

3Y CAGR
+11.7%/yr
vs +0.2%/yr prior
5Y CAGR
+7.1%/yr
Recent acceleration
Acceleration
+11.5pp
Accelerating
Percentile
P86
Within normal range
vs 5Y Ago
1.4x
Solid growth
Streak
1 yr
Consecutive declineContracting
PeriodValueYoY Change
2025$118.13B-37.1%
2024$187.86B+39.3%
2022$134.84B+59.0%
2021$84.79B+2.5%
2020$82.72B-1.3%
2019$83.81B+7.0%
2018$78.30B-6.9%
2017$84.12B-9.2%
2016$92.67B-16.4%
2015$110.89B-