SMFRFSMFRFOTC
Loading
Operating Expenses Over TimeExpanding
Percentile Rank100
3Y CAGR+19.6%
5Y CAGR+14.3%
Studio
Year-over-Year Change

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

3Y CAGR
+19.6%/yr
vs +8.5%/yr prior
5Y CAGR
+14.3%/yr
Recent acceleration
Acceleration
+11.0pp
Accelerating
Percentile
P100
Near historical high
vs 5Y Ago
1.9x
Solid growth
Streak
7 yr
Consecutive growthExpanding
PeriodValueYoY Change
2025$356.23B+15.5%
2024$308.36B+31.4%
2022$234.72B+12.7%
2021$208.34B+8.9%
2020$191.31B+4.6%
2019$182.90B+10.0%
2018$166.29B+10.8%
2017$150.15B-1.9%
2016$153.04B+12.9%
2015$135.50B-