Lululemon Athletica (LULU) Operating Expenses (2009 - 2026)
Lululemon Athletica (LULU) posted quarterly Operating Expenses of $1.2 billion for Q1 2026, up 4.01% year-over-year from $1.1 billion in Q1 2025, and up 19.78% quarter-over-quarter from $988.3 million in Q4 2025.
Lululemon Athletica (LULU) Operating Expenses (2009 - 2026) Analysis & Trends
Lululemon Athletica's Operating Expenses history runs 18 years deep, the most recent figure standing at $1.2 billion for Q1 2026.
- In Q1 2026, Operating Expenses rose 4.01% year-over-year to $1.2 billion; the TTM figure through Feb 2026 stood at $4.1 billion (up 8.08% YoY), while the FY2026 annual figure was $4.1 billion, up 8.08% from the prior year.
- Operating Expenses for Q1 2026 stood at $1.2 billion, up from $988.3 million in the prior quarter.
- The five-year high for Operating Expenses was $1.2 billion in Q1 2023, with the low at $607.9 million in Q2 2022.
- The 5-year median for Operating Expenses is $909.8 million (2024), against an average of $888.8 million.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses soared 88.21% in 2023, then slipped 18.29% in 2024.
- Lululemon Athletica's Operating Expenses stood at $684.2 million in 2022, then soared by 34.06% to $917.3 million in 2023, then declined by 0.81% to $909.8 million in 2024, then rose by 8.62% to $988.3 million in 2025, then increased by 19.78% to $1.2 billion in 2026.
- Business Quant data shows LULU's Operating Expenses at $1.2 billion in Q1 2026, $988.3 million in Q4 2025, and $951.7 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Tjx Companies | 155.48 Bn | 149.90 Bn | 4.48 Bn | 2.79 Bn |
| 2 | Ross Stores | 76.36 Bn | 72.23 Bn | 1.78 Bn | 975.86 Mn |
| 3 | Burlington Stores | 20.56 Bn | 19.81 Bn | 1.26 Bn | 2.71 Bn |
| 4 | Lululemon Athletica | 13.95 Bn | 12.43 Bn | 1.34 Bn | 1.06 Bn |
| 5 | Gap | 7.26 Bn | 4.70 Bn | 1.42 Bn | 972.00 Mn |
| 6 | Victoria's Secret | 6.93 Bn | 6.72 Bn | 585.00 Mn | 509.00 Mn |
| 7 | Urban Outfitters | 6.49 Bn | 6.08 Bn | 542.57 Mn | 402.89 Mn |
| 8 | Boot Barn Holdings | 5.02 Bn | 4.88 Bn | - | - |
| 9 | Abercrombie & Fitch | 4.89 Bn | 4.27 Bn | 682.63 Mn | 182.75 Mn |
| 10 | American Eagle Outfitters | 2.71 Bn | 2.61 Bn | 456.17 Mn | 376.49 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | 1.21 Bn |
| 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 |
| Aug 1, 2021 | 549.46 Mn |