SMAWFSMAWFOTC
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Operating Expenses Over TimeStable
Percentile Rank100
3Y CAGR+4.7%
5Y CAGR+6.4%
Studio
Year-over-Year Change

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

3Y CAGR
+4.7%/yr
vs -0.5%/yr prior
5Y CAGR
+6.4%/yr
Consistent
Acceleration
+5.2pp
Accelerating
Percentile
P100
Near historical high
vs 5Y Ago
1.4x
Solid growth
Streak
1 yr
Consecutive growthStable
PeriodValueYoY Change
2025$21.31B+4.7%
2024$20.36B-0.3%
2023$20.41B+9.9%
2022$18.57B+13.8%
2021$16.32B+4.4%
2020$15.63B-18.7%
2019$19.23B+1.5%
2018$18.95B+7.2%
2017$17.68B+6.0%
2016$16.68B-