JAPAFJAPAFOTC
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Operating Expenses Over TimeContracting
Percentile Rank93
3Y CAGR+7.8%
5Y CAGR+10.2%
Studio
Year-over-Year Change

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

3Y CAGR
+7.8%/yr
vs +6.9%/yr prior
5Y CAGR
+10.2%/yr
Consistent
Acceleration
+0.9pp
Accelerating
Percentile
P93
Near historical high
vs 5Y Ago
1.6x
Solid growth
Streak
1 yr
Consecutive declineContracting
PeriodValueYoY Change
2025$1.18T-16.9%
2024$1.42T+50.5%
2023$942.69B+0.1%
2022$941.54B+6.0%
2021$888.58B+22.5%
2020$725.51B-1.4%
2019$735.98B+2.0%
2018$721.88B-2.6%
2017$741.19B+8.4%
2016$684.01B-