PFE.BAPFE.BABUE
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Operating Expenses Over TimeContracting
Percentile Rank7
3Y CAGR-4.5%
5Y CAGR+0.4%
Studio
Year-over-Year Change

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

3Y CAGR
-4.5%/yr
vs +1.2%/yr prior
5Y CAGR
+0.4%/yr
Recent deceleration
Acceleration
-5.8pp
Decelerating
Percentile
P7
Near historical low
vs 5Y Ago
1x
Modest growth
Streak
1 yr
Consecutive declineContracting
PeriodValueYoY Change
2025$24.98B-19.0%
2024$30.84B+2.2%
2023$30.18B+5.1%
2022$28.71B-5.0%
2021$30.23B+23.6%
2020$24.46B-11.4%
2019$27.61B+0.9%
2018$27.35B+0.6%
2017$27.20B+1.6%
2016$26.77B-