Morgan StanleyMSNYSE
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SG&A Expenses Over TimeContracting
Percentile Rank71
3Y CAGR-1.1%
5Y CAGR+1.9%
Year-over-Year Change

Selling, general, and administrative expenses

3Y CAGR
-1.1%/yr
vs +6.9%/yr prior
5Y CAGR
+1.9%/yr
Consistent
Acceleration
-8.0pp
Decelerating
Percentile
P71
Within normal range
vs 5Y Ago
1.1x
Modest growth
Streak
1 yr
Consecutive declineContracting
PeriodValueYoY Change
2025$23.18B-14.6%
2024$27.14B+8.1%
2023$25.10B+4.8%
2022$23.96B-5.2%
2021$25.27B+19.6%
2020$21.14B+9.4%
2019$19.32B+5.5%
2018$18.32B+3.1%
2017$17.77B+8.0%
2016$16.46B-