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| Date | Value |
|---|---|
| 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 |