Under Armour (UA) Operating Expenses (2009 - 2026)
Under Armour posted quarterly Operating Expenses of $517.7 million for Q1 2026, down 14.72% year-on-year from $607.1 million in Q1 2025, and down 22.09% on a QoQ basis from $664.5 million in Q4 2025.
Under Armour (UA) has 18 years of Operating Expenses data on file, last reported at $517.7 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses fell 14.72% year-over-year to $517.7 million; the trailing twelve-month figure through Mar 2026 stood at $2.3 billion (down 11.83% YoY), and the FY2026 full-year result was $2.3 billion, down 11.83% from the prior year.
- Operating Expenses for Q1 2026 stood at $517.7 million, down from $664.5 million in the prior quarter.
- Across five years, Operating Expenses topped out at $837.3 million in Q2 2024 and bottomed at $517.7 million in Q1 2026.
- The 5-year median for Operating Expenses is $599.2 million (2023), against an average of $604.6 million.
- The widest annual swing landed in 2024, when Operating Expenses soared 42.14%; it then sank 36.66% in 2025.
- A 5-year view of Operating Expenses shows it stood at $597.6 million in 2022, then increased by 0.27% to $599.2 million in 2023, then climbed by 6.42% to $637.7 million in 2024, then advanced by 4.21% to $664.5 million in 2025, then decreased by 22.09% to $517.7 million in 2026.
- The last three Operating Expenses figures came in at $517.7 million (Q1 2026), $664.5 million (Q4 2025), and $581.6 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Ralph Lauren | 22.42 Bn | 20.35 Bn | 1.38 Bn | 1.19 Bn |
| 2 | Levi Strauss | 9.03 Bn | 8.22 Bn | 1.08 Bn | 879.60 Mn |
| 3 | V F | 6.53 Bn | 6.32 Bn | 1.22 Bn | 2.10 Bn |
| 4 | Pvh | 4.49 Bn | 3.79 Bn | 1.44 Bn | 1.22 Bn |
| 5 | Kontoor Brands | 3.96 Bn | 3.85 Bn | 470.76 Mn | 896.96 Mn |
| 6 | Columbia Sportswear | 3.46 Bn | 2.93 Bn | 394.96 Mn | 357.14 Mn |
| 7 | Under Armour | 2.29 Bn | 1.38 Bn | 492.04 Mn | 517.73 Mn |
| 8 | Figs | 1.95 Bn | 1.68 Bn | 108.30 Mn | 103.82 Mn |
| 9 | G Iii Apparel | 1.38 Bn | 969.37 Mn | 285.48 Mn | 70.31 Mn |
| 10 | Canada Goose Holdings | 710.16 Mn | 412.34 Mn | -268.86 Mn | -182.98 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 517.73 Mn |
| Dec 31, 2025 | 664.54 Mn |
| Sep 30, 2025 | 581.63 Mn |
| Jun 30, 2025 | 530.35 Mn |
| Mar 31, 2025 | 607.13 Mn |
| Dec 31, 2024 | 637.70 Mn |
| Sep 30, 2024 | 519.84 Mn |
| Jun 30, 2024 | 837.32 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 | 597.60 Mn |
| Jun 30, 2022 | 599.29 Mn |
| Dec 31, 2021 | 675.67 Mn |
| Sep 30, 2021 | 599.38 Mn |
| Jun 30, 2021 | 545.00 Mn |
| Mar 31, 2021 | 514.64 Mn |
| Dec 31, 2020 | 585.78 Mn |
| Sep 30, 2020 | 553.55 Mn |
| Jun 30, 2020 | 479.91 Mn |
| Mar 31, 2020 | 552.70 Mn |
| Dec 31, 2019 | 607.45 Mn |
| Sep 30, 2019 | 550.98 Mn |
| Jun 30, 2019 | 565.80 Mn |
| Mar 31, 2019 | 509.53 Mn |
| Dec 31, 2018 | 587.45 Mn |
| Sep 30, 2018 | 527.64 Mn |
| Jun 30, 2018 | 552.62 Mn |
| Mar 31, 2018 | 514.63 Mn |
| Dec 31, 2017 | 594.69 Mn |
| Sep 30, 2017 | 501.55 Mn |
| Jun 30, 2017 | 502.88 Mn |
| Mar 31, 2017 | 500.40 Mn |
| Dec 31, 2016 | 427.81 Mn |
| Sep 30, 2016 | 499.31 Mn |
| Jun 30, 2016 | 458.27 Mn |
| Mar 31, 2016 | 445.75 Mn |
| Dec 31, 2015 | 384.09 Mn |
| Sep 30, 2015 | 415.76 Mn |
| Jun 30, 2015 | 347.15 Mn |
| Mar 31, 2015 | 350.00 Mn |
| Dec 31, 2014 | 299.97 Mn |
| Sep 30, 2014 | 319.19 Mn |
| Jun 30, 2014 | 265.26 Mn |
| Mar 31, 2014 | 273.83 Mn |
| Dec 31, 2013 | 251.89 Mn |
| Sep 30, 2013 | 229.31 Mn |
| Jun 30, 2013 | 187.32 Mn |
| Mar 31, 2013 | 203.06 Mn |
| Dec 31, 2012 | 172.64 Mn |
| Sep 30, 2012 | 189.41 Mn |
| Jun 30, 2012 | 157.75 Mn |
| Mar 31, 2012 | 150.80 Mn |
| Dec 31, 2011 | 152.60 Mn |
| Sep 30, 2011 | 150.14 Mn |
| Jun 30, 2011 | 123.42 Mn |
| Mar 31, 2011 | 123.91 Mn |
| Dec 31, 2010 | 120.39 Mn |
| Sep 30, 2010 | 110.68 Mn |
| Jun 30, 2010 | 93.03 Mn |
| Mar 31, 2010 | 94.05 Mn |
| Dec 31, 2009 | 86.92 Mn |
| Sep 30, 2009 | 86.26 Mn |
| Jun 30, 2009 | 70.35 Mn |