Lululemon Athletica (LULU) Operating Expenses (2009 - 2026)
Lululemon Athletica (LULU) posted Operating Expenses of $1.0 billion for Q3 2026, down 5.06% on a QoQ basis from $1.1 billion in Q2 2026, and up 5.75% year-over-year from $951.7 million in Q3 2025.
Lululemon Athletica (LULU) Operating Expenses (2009 - 2026) Analysis & Trends
Lululemon Athletica has reported Operating Expenses for 18 years, with the latest figure at $1.0 billion in Q3 2026.
- On a quarterly basis, Operating Expenses rose 5.75% year-over-year to $1.0 billion in Q3 2026; TTM through Aug 2026 was $4.2 billion, a 7.5% increase from a year earlier, with the FY2026 full-year figure at $4.1 billion, up 8.08% from the prior year.
- Operating Expenses was $1.0 billion for Q3 2026 at Lululemon Athletica, down from $1.1 billion in the prior quarter.
- The five-year high for Operating Expenses was $1.2 billion in Q1 2026, with the low at $607.9 million in Q2 2022.
- Average Operating Expenses over 5 years is $884.1 million, with a median of $909.8 million recorded in 2024.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses jumped 34.06% in 2023, then fell 0.81% in 2024.
- Over 5 years, Operating Expenses stood at $684.2 million in 2022, then surged by 34.06% to $917.3 million in 2023, then retreated by 0.81% to $909.8 million in 2024, then advanced by 8.62% to $988.3 million in 2025, then increased by 1.83% to $1.0 billion in 2026.
- The last three Operating Expenses figures came in at $1.0 billion (Q3 2026), $1.1 billion (Q2 2026), and $1.2 billion (Q1 2026), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Lululemon Athletica | 10.45 Bn | 9.06 Bn | 1.46 Bn | 1.01 Bn |
| 2 | Levi Strauss | 7.65 Bn | 6.67 Bn | 979.10 Mn | 856.90 Mn |
| 3 | Gildan Activewear | 7.18 Bn | 6.91 Bn | 459.76 Mn | 283.86 Mn |
| 4 | V F | 5.02 Bn | 4.35 Bn | 917.04 Mn | 1.75 Bn |
| 5 | Kontoor Brands | 3.63 Bn | 3.57 Bn | 328.26 Mn | 493.76 Mn |
| 6 | Pvh | 3.38 Bn | 2.42 Bn | 1.32 Bn | 1.09 Bn |
| 7 | Columbia Sportswear | 2.91 Bn | 2.29 Bn | 358.43 Mn | 332.19 Mn |
| 8 | Warby Parker | 2.78 Bn | 2.48 Bn | 136.46 Mn | 133.29 Mn |
| 9 | Figs | 2.06 Bn | 1.76 Bn | 147.86 Mn | 112.59 Mn |
| 10 | Under Armour | 2.04 Bn | 1.65 Bn | 593.83 Mn | 547.09 Mn |
Historic Data
| Date | Value |
|---|---|
| Aug 2, 2026 | 1.01 Bn |
| May 3, 2026 | 1.06 Bn |
| Feb 1, 2026 | 1.18 Bn |
| Nov 2, 2025 | 988.25 Mn |
| Aug 3, 2025 | 951.66 Mn |
| May 4, 2025 | 942.87 Mn |
| Feb 2, 2025 | 1.14 Bn |
| Oct 27, 2024 | 909.83 Mn |
| Jul 28, 2024 | 871.96 Mn |
| Apr 28, 2024 | 842.43 Mn |
| Jan 28, 2024 | 989.54 Mn |
| Oct 29, 2023 | 917.30 Mn |
| Jul 30, 2023 | 817.38 Mn |
| Apr 30, 2023 | 747.51 Mn |
| Jan 29, 2023 | 833.41 Mn |
| Oct 30, 2022 | 684.24 Mn |
| Jul 31, 2022 | 662.25 Mn |
| May 1, 2022 | 607.85 Mn |
| Jan 30, 2022 | 643.43 Mn |
| Oct 31, 2021 | 569.25 Mn |
Lululemon Athletica Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=LULU&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "LULU", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()
const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=LULU&period=max&api_key=YOUR_API_KEY");
const data = await res.json();