MBGAFMBGAFOTC
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SG&A Expense Growth Under PressureDecelerating
Percentile Rank3
Studio
Year-over-Year Change

Year-over-year SG&A expense growth

Percentile
P3
Near historical low
vs 5Y Ago
-0.6x
Contraction
Streak
1 qtr
Consecutive declineDecelerating
PeriodValue
Q4 2025-20.05%
Q3 202512.94%
Q2 20252.03%
Q1 2025-16.12%
Q4 202432.51%
Q3 2024-10.38%
Q2 2024-2.63%
Q1 2024-7.56%
Q4 202314.76%
Q3 2023-7.73%
Q2 20237.04%
Q1 2023-4.87%
Q4 20223.09%
Q3 20222.47%
Q2 20225.68%
Q1 2022-14.25%
Q4 202113.76%
Q3 2021-21.80%
Q2 2021-0.40%
Q1 2021-12.44%
Q4 202031.03%
Q3 2020-0.55%
Q2 2020-14.15%
Q1 2020-15.22%
Q4 20198.50%
Q3 20192.32%
Q2 2019-2.95%
Q1 2019-10.76%
Q4 201812.77%
Q3 2018-1.75%
Q2 20183.69%
Q1 2018-13.19%
Q4 201717.71%
Q3 2017-3.98%
Q2 20174.67%
Q1 2017-8.73%
Q4 201612.35%
Q3 20162.49%
Q2 20162.61%
Q1 2016-14.34%