JPHLFJPHLFOTC
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Operating Expenses Over TimeContracting
Percentile Rank0
3Y CAGR-18.4%
5Y CAGR-12.3%
Studio
Year-over-Year Change

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

3Y CAGR
-18.4%/yr
vs -3.4%/yr prior
5Y CAGR
-12.3%/yr
Recent deceleration
Acceleration
-15.0pp
Decelerating
Percentile
P0
Near historical low
vs 5Y Ago
0.5x
Contraction
Streak
2 yr
Consecutive declineContracting
PeriodValueYoY Change
TTM$5.68T-46.9%
2025$10.71T-5.2%
2024$11.29T+8.0%
2023$10.46T+0.4%
2022$10.41T-4.6%
2021$10.92T-2.1%
2020$11.16T-7.3%
2019$12.04T-1.7%
2018$12.25T-3.5%
2017$12.69T-