THLPFTHLPFOTC
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Operating Expenses Over TimeExpanding
Percentile Rank100
3Y CAGR+13.6%
5Y CAGR+14.0%
Studio
Year-over-Year Change

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

3Y CAGR
+13.6%/yr
vs +10.1%/yr prior
5Y CAGR
+14.0%/yr
Consistent
Acceleration
+3.4pp
Accelerating
Percentile
P100
Near historical high
vs 5Y Ago
1.9x
Solid growth
Streak
9 yr
Consecutive growthExpanding
PeriodValueYoY Change
2025$3.15B+23.6%
2024$2.55B+14.3%
2023$2.23B+3.7%
2022$2.15B+17.3%
2021$1.83B+12.0%
2020$1.64B+0.2%
2019$1.63B+11.7%
2018$1.46B+8.5%
2017$1.35B+3.9%
2016$1.30B-