Lululemon Athletica (LULU) Operating Expenses (2009 - 2026)

Lululemon Athletica's quarterly Operating Expenses came in at $1.2 billion in Q1 2026, up 4.01% year-on-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 has reported Operating Expenses for 18 years, with the latest figure at $1.2 billion in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 4.01% year-over-year to $1.2 billion; the trailing twelve-month figure through Feb 2026 stood at $4.1 billion (up 8.08% YoY), and the FY2026 full-year result 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 2026, with the low at $607.9 million in Q2 2022.
  • Average Operating Expenses over 5 years is $860.4 million, with a median of $842.8 million recorded in 2023.
  • Year-over-year, Operating Expenses rose 24.82% in 2023 and increased 4.01% in 2026.
  • Tracing LULU's Operating Expenses over 5 years: stood at $684.2 million in 2022, then increased by 23.17% to $842.8 million in 2023, then advanced by 7.95% to $909.8 million in 2024, then advanced by 8.62% to $988.3 million in 2025, then gained by 19.78% to $1.2 billion in 2026.
  • The last three Operating Expenses figures came in at $1.2 billion (Q1 2026), $988.3 million (Q4 2025), and $951.7 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Tjx Companies 170.45 Bn 164.22 Bn 4.48 Bn 2.79 Bn
2 Ross Stores 72.20 Bn 67.61 Bn 1.80 Bn 990.10 Mn
3 Burlington Stores 19.76 Bn 18.53 Bn 1.26 Bn 773.83 Mn
4 Lululemon Athletica 15.75 Bn 13.95 Bn 2.00 Bn 1.18 Bn
5 Gap 7.85 Bn 4.85 Bn 1.42 Bn 972.00 Mn
6 Urban Outfitters 6.44 Bn 5.75 Bn 599.20 Mn 440.50 Mn
7 Boot Barn Holdings 5.17 Bn 4.97 Bn 281.24 Mn 166.46 Mn
8 Victoria's Secret 4.37 Bn 3.90 Bn 855.00 Mn 959.00 Mn
9 Abercrombie & Fitch 3.57 Bn 2.80 Bn 1.10 Bn 181.82 Mn
10 American Eagle Outfitters 2.78 Bn 2.54 Bn 651.06 Mn 418.20 Mn

Historic Data

Download Data
DateValue
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 842.80 Mn
Jul 30, 2023 817.38 Mn
Apr 30, 2023 747.51 Mn
Jan 29, 2023 803.11 Mn
Oct 30, 2022 684.24 Mn
Jul 31, 2022 662.25 Mn
May 1, 2022 607.85 Mn
Jan 30, 2022 643.42 Mn
Oct 31, 2021 569.25 Mn
Aug 1, 2021 549.46 Mn
May 2, 2021 504.30 Mn