Merchants BancorpMBINNASDAQ
Loading
Operating Expenses Over TimeExpanding
Percentile Rank100
3Y CAGR+31.7%
5Y CAGR+28.0%
Studio
Year-over-Year Change

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

3Y CAGR
+31.7%/yr
vs +29.8%/yr prior
5Y CAGR
+28.0%/yr
Recent acceleration
Acceleration
+1.9pp
Accelerating
Percentile
P100
Near historical high
vs 5Y Ago
3.4x
Strong expansion
Streak
9 yr
Consecutive growthExpanding
PeriodValueYoY Change
2025$299.89M+36.3%
2024$220.04M+28.5%
2023$171.19M+30.3%
2022$131.35M+11.6%
2021$117.73M+34.8%
2020$87.34M+48.6%
2019$58.78M+27.0%
2018$46.28M+51.5%
2017$30.55M+36.0%
2016$22.47M-