Lululemon Athletica (LULU) Operating Leases (2019 - 2026)
Lululemon Athletica (LULU) reported Operating Leases of $1.77 billion for fiscal Q2 2027 (quarter ended Aug 2, 2026), up 21.1% from $1.46 billion a year earlier but down 0.2% from the prior quarter.
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Analysis
Lululemon Athletica (LULU) Operating Leases (2019 - 2026) Analysis & Trends
At the end of FY2026 (ended Feb 1, 2026), Lululemon Athletica posted Operating Leases of $1.5 billion, up 15.3% from FY2025.
- Operating Leases has increased for six consecutive fiscal years, with a five-year compound annual growth rate of 18.8% (FY2021 to FY2026).
- By fiscal year, Operating Leases came in at $1.3 billion in FY2025 (+12.7%), $1.15 billion in FY2024 (+33.8%), $862.36 million in FY2023 (+24.6%) and $692.06 million in FY2022 (+9.4%).
- Five-year quarterly Operating Leases spans a low of $684.46 million in fiscal Q3 2022 and a high of $1.78 billion in fiscal Q1 2027.
- Year over year, Operating Leases has now increased in each of the last 21 quarters, with growth averaging 21.1% over the last eight quarters.
- Over the past five years, the year-over-year growth in Operating Leases ranged from 7.7% (fiscal Q3 2022) to 33.8% (fiscal Q4 2024).
- Per Business Quant data, the three fiscal quarters before Q2 2027 came in at $1.78 billion (Q1 2027), $1.5 billion (Q4 2026) and $1.45 billion (Q3 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Nike | 56.18 Bn | 22.38 Bn | 4.80 Bn |
| 2 | Tapestry | 23.99 Bn | 19.95 Bn | 1.56 Bn |
| 3 | Ralph Lauren | 22.76 Bn | 14.85 Bn | 1.44 Bn |
| 4 | Deckers Outdoor | 12.61 Bn | 5.48 Bn | - |
| 5 | Lululemon Athletica | 11.29 Bn | 5.54 Bn | 1.46 Bn |
| 6 | Levi Strauss | 8.02 Bn | 4.60 Bn | 1.07 Bn |
| 7 | V F | 6.86 Bn | 3.48 Bn | 917.04 Mn |
| 8 | Gildan Activewear | 6.55 Bn | 5.47 Bn | 459.76 Mn |
| 9 | Birkenstock Holding | 6.11 Bn | 4.43 Bn | 493.89 Mn |
| 10 | Crocs | 5.97 Bn | 5.38 Bn | 700.71 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 2, 2026 | 1.77 Bn |
| May 3, 2026 | 1.78 Bn |
| Feb 1, 2026 | 1.50 Bn |
| Nov 2, 2025 | 1.45 Bn |
| Aug 3, 2025 | 1.46 Bn |
| May 4, 2025 | 1.42 Bn |
| Feb 2, 2025 | 1.30 Bn |
| Oct 27, 2024 | 1.22 Bn |
| Jul 28, 2024 | 1.18 Bn |
| Apr 28, 2024 | 1.15 Bn |
| Jan 28, 2024 | 1.15 Bn |
| Oct 29, 2023 | 950.95 Mn |
| Jul 30, 2023 | 976.74 Mn |
| Apr 30, 2023 | 888.58 Mn |
| Jan 29, 2023 | 862.36 Mn |
| Oct 30, 2022 | 850.37 Mn |
| Jul 31, 2022 | 757.87 Mn |
| May 1, 2022 | 726.27 Mn |
| Jan 30, 2022 | 692.06 Mn |
| Oct 31, 2021 | 684.46 Mn |
API Access
Lululemon Athletica Operating Leases 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-leases&ticker=LULU&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "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-leases&ticker=LULU&period=max&api_key=YOUR_API_KEY");
const data = await res.json();