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
DateValue
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