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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |