Exponentiated Operators? ($e^{\hat{A}+\hat{B}} \ne e^{\hat{B}+\hat{A}}$)

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Given,

$$ e^{\hat{A}+\hat{B}} = e^{\hat{B}}e^{\hat{A}} $$

I then consider the series expansion of both exponentials. This then leads to a particular order of operation derived from the order of addition in the exponential.

Am I correct in deducing that operators when inside the exponential function can no longer be moved in sequence of addition i.e.

$$ \hat{A}+\hat{B} \ne \hat{B}+\hat{A} $$

(this would then apply by extrapolation to all operators inside functions since all functions can be expanded in series form)