Under Armour UA
NYSE UA
$4.80 -0.15 (-3.13%)
As of: Sep 9, 2026 · 3:59 PM EDT

Under Armour (UA) Operating Expenses (2009 - 2026)

Under Armour's (UA) quarterly Operating Expenses came in at $547.1 million in Q2 2026, up 0.72% on a YoY basis from $543.2 million in Q2 2025, and up 4.06% quarter-over-quarter from $525.7 million in Q1 2026.

Analysis

Under Armour (UA) Operating Expenses (2009 - 2026) Analysis & Trends

Under Armour (UA) has reported Operating Expenses for 18 consecutive years, with $547.1 million the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Operating Expenses rose 0.72% year-over-year to $547.1 million; the trailing twelve-month figure through Jun 2026 stood at $2.4 billion (up 3.64% YoY), and the FY2026 full-year result was $2.4 billion, down 8.95% from the prior year.
  • Operating Expenses advanced to $547.1 million in Q2 2026 per UA's latest filing, from $525.7 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $1.2 billion in Q3 2022 and bottomed at $523.1 million in Q3 2024.
  • Historically, Operating Expenses has averaged $651.6 million across 5 years, with a median of $601.2 million in 2022.
  • The sharpest annual moves came in 2023 and 2024: Operating Expenses tumbled 48.83% in 2023, then jumped 51.69% in 2024.
  • Over 5 years, Operating Expenses stood at $1.2 billion in 2022, then slumped by 49.65% to $599.2 million in 2023, then climbed by 8.75% to $651.6 million in 2024, then grew by 13.48% to $739.5 million in 2025, then declined by 26.02% to $547.1 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $547.1 million, $525.7 million, and $739.5 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Lululemon Athletica 10.72 Bn 9.33 Bn 1.46 Bn 1.01 Bn
2 Gildan Activewear 8.17 Bn 7.91 Bn 459.76 Mn 283.86 Mn
3 Levi Strauss 8.13 Bn 7.15 Bn 979.10 Mn 856.90 Mn
4 V F 5.28 Bn 4.61 Bn 917.04 Mn 1.75 Bn
5 Kontoor Brands 4.02 Bn 3.96 Bn 328.26 Mn 493.76 Mn
6 Pvh 3.43 Bn 2.46 Bn 1.32 Bn 1.09 Bn
7 Warby Parker 3.00 Bn 2.71 Bn 136.46 Mn 133.29 Mn
8 Columbia Sportswear 2.95 Bn 2.33 Bn 358.43 Mn 332.19 Mn
9 Figs 2.27 Bn 1.97 Bn 147.86 Mn 112.59 Mn
10 Under Armour 2.19 Bn 1.80 Bn 593.83 Mn 547.09 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 547.09 Mn
Mar 31, 2026 525.74 Mn
Dec 31, 2025 739.52 Mn
Sep 30, 2025 613.54 Mn
Jun 30, 2025 543.17 Mn
Mar 31, 2025 622.86 Mn
Dec 31, 2024 651.65 Mn
Sep 30, 2024 523.05 Mn
Jun 30, 2024 893.57 Mn
Mar 31, 2024 603.15 Mn
Dec 31, 2023 599.23 Mn
Sep 30, 2023 609.05 Mn
Jun 30, 2023 589.07 Mn
Mar 31, 2023 575.93 Mn
Sep 30, 2022 1.19 Bn
Jun 30, 2022 599.29 Mn
Dec 31, 2021 1.85 Bn
Sep 30, 2021 1.16 Bn
Jun 30, 2021 547.62 Mn
Mar 31, 2021 521.75 Mn