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SG&A Expense Growth Under PressureDecelerating
Percentile Rank8
Studio
Year-over-Year Change

Year-over-year SG&A expense growth

Percentile
P8
Near historical low
vs 5Y Ago
-0.3x
Contraction
Streak
2 qtr
Consecutive declineDecelerating
PeriodValue
Q4 2025-44.79%
Q3 2025-10.72%
Q2 2025114.72%
Q1 2025-13.86%
Q4 2024-38.34%
Q3 202446.80%
Q2 202450.17%
Q1 2024-80.48%
Q4 2023170.88%
Q3 2023-25.72%
Q2 2023-16.56%
Q1 2023-67.35%
Q4 2022-9.14%
Q3 20223.08%
Q2 202246.76%
Q1 2022-32.71%
Q4 2021-10.19%
Q3 2021-27.98%
Q2 2021485.51%
Q1 2021-38.21%
Q4 2020130.75%
Q3 2020-31.61%
Q2 20202.56%
Q1 2020-4.84%
Q4 2019-6.52%
Q3 20196.27%
Q2 201915.53%
Q1 2019-42.45%
Q4 201899.19%
Q3 2018-0.11%
Q2 2018-1.03%
Q1 2018-45.42%
Q4 201755.19%
Q3 2017-37.97%
Q2 2017-5.12%
Q1 2017-35.76%
Q4 2016189.75%
Q3 2016-25.82%
Q2 2016-5.07%
Q1 201662.97%