Sally Beauty Holdings (SBH) Operating Expenses (2009 - 2026)
Sally Beauty Holdings (SBH) reported Operating Expenses of $403.8 million for Q1 2026, up 3.7% on a YoY basis from $389.4 million in Q1 2025, and down 0.86% quarter-over-quarter from $407.3 million in Q4 2025.
Sally Beauty Holdings (SBH) Operating Expenses (2009 - 2026) Analysis & Trends
Sally Beauty Holdings has reported Operating Expenses for 18 years, with the latest figure at $403.8 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 3.7% year-over-year to $403.8 million; the trailing twelve-month figure through Mar 2026 stood at $1.6 billion (up 3.57% YoY), and the FY2025 full-year result was $1.6 billion, down 1.53% from the prior year.
- Operating Expenses for Q1 2026 stood at $403.8 million, down from $407.3 million in the prior quarter.
- The five-year high for Operating Expenses was $424.3 million in Q3 2022, with the low at $376.5 million in Q4 2024.
- Historically, Operating Expenses has averaged $398.2 million across 5 years, with a median of $398.1 million in 2023.
- Annual changes were most pronounced in 2022 — Operating Expenses advanced 8.86% — and 2023, when it fell 8.17%.
- Sally Beauty Holdings' Operating Expenses stood at $402.0 million in 2022, then decreased by 0.98% to $398.1 million in 2023, then slipped by 5.41% to $376.5 million in 2024, then grew by 8.18% to $407.3 million in 2025, then slipped by 0.86% to $403.8 million in 2026.
- The last three Operating Expenses figures came in at $403.8 million (Q1 2026), $407.3 million (Q4 2025), and $414.2 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Caseys General Stores | 27.84 Bn | 27.38 Bn | 1.01 Bn | 697.64 Mn |
| 2 | Williams Sonoma | 24.59 Bn | 23.57 Bn | 1.10 Bn | 627.08 Mn |
| 3 | Ulta Beauty | 20.75 Bn | 20.25 Bn | 1.48 Bn | 1.01 Bn |
| 4 | Dick'S Sporting Goods | 17.81 Bn | 16.45 Bn | 1.77 Bn | 1.57 Bn |
| 5 | Tractor Supply | 15.90 Bn | 15.67 Bn | 1.30 Bn | 941.15 Mn |
| 6 | Best Buy | 15.61 Bn | 13.87 Bn | 2.10 Bn | 1.73 Bn |
| 7 | NaaS Technology | 14.72 Bn | 14.70 Bn | - | - |
| 8 | Five Below | 10.27 Bn | 9.34 Bn | 696.98 Mn | 337.11 Mn |
| 9 | Murphy USA | 10.20 Bn | 10.08 Bn | 3.98 Bn | 279.80 Mn |
| 10 | Sally Beauty Holdings | 1.23 Bn | 1.07 Bn | 475.77 Mn | 403.84 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 403.84 Mn |
| Dec 31, 2025 | 407.32 Mn |
| Sep 30, 2025 | 414.16 Mn |
| Jun 30, 2025 | 402.81 Mn |
| Mar 31, 2025 | 389.44 Mn |
| Dec 31, 2024 | 376.52 Mn |
| Sep 30, 2024 | 396.94 Mn |
| Jun 30, 2024 | 409.11 Mn |
| Mar 31, 2024 | 403.50 Mn |
| Dec 31, 2023 | 398.05 Mn |
| Sep 30, 2023 | 389.65 Mn |
| Jun 30, 2023 | 384.58 Mn |
| Mar 31, 2023 | 396.93 Mn |
| Dec 31, 2022 | 401.99 Mn |
| Sep 30, 2022 | 424.30 Mn |
| Jun 30, 2022 | 391.01 Mn |
| Mar 31, 2022 | 378.87 Mn |
| Dec 31, 2021 | 387.35 Mn |
| Sep 30, 2021 | 389.78 Mn |
| Jun 30, 2021 | 386.99 Mn |