Under Armour (UA) Operating Leases (2019 - 2026)

Under Armour (UA) reported Operating Leases of $749.2 million for Q1 2026, up 30.46% on a YoY basis from $574.3 million in Q1 2025, and up 7.21% quarter-over-quarter from $698.8 million in Q4 2025.

Under Armour (UA) Operating Leases (2019 - 2026) Analysis & Trends

Under Armour has reported Operating Leases for 8 years, with the latest figure at $749.2 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Leases rose 30.46% year-over-year to $749.2 million; the trailing twelve-month figure through Mar 2026 stood at $749.2 million (up 30.46% YoY), and the FY2026 full-year result was $749.2 million, up 30.46% from the prior year.
  • Operating Leases for Q1 2026 stood at $749.2 million, up from $698.8 million in the prior quarter.
  • The five-year high for Operating Leases was $817.0 million in Q2 2023, with the low at $557.9 million in Q2 2025.
  • Historically, Operating Leases has averaged $687.5 million across 5 years, with a median of $705.0 million in 2022.
  • Annual changes were most pronounced in 2024 — Operating Leases dropped 25.04% — and 2026, when it surged 30.46%.
  • Under Armour's Operating Leases stood at $707.9 million in 2022, then fell by 7.58% to $654.2 million in 2023, then fell by 11.04% to $582.0 million in 2024, then gained by 20.06% to $698.8 million in 2025, then rose by 7.21% to $749.2 million in 2026.
  • The last three Operating Leases figures came in at $749.2 million (Q1 2026), $698.8 million (Q4 2025), and $710.6 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Ermenegildo Zegna 179,116.29 Bn 179,116.03 Bn -
2 Ralph Lauren 25.18 Bn 23.12 Bn 1.38 Bn
3 Levi Strauss 9.24 Bn 8.43 Bn 1.08 Bn
4 V F 6.76 Bn 6.55 Bn 1.22 Bn
5 Kontoor Brands 4.31 Bn 4.20 Bn 470.76 Mn
6 Pvh 3.56 Bn 2.96 Bn 1.19 Bn
7 Columbia Sportswear 3.50 Bn 2.96 Bn 394.96 Mn
8 Under Armour 2.51 Bn 1.60 Bn 492.04 Mn
9 Figs 2.04 Bn 1.77 Bn 108.30 Mn
10 G Iii Apparel 1.45 Bn 1.06 Bn 347.75 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 749.19 Mn
Dec 31, 2025 698.79 Mn
Sep 30, 2025 710.56 Mn
Jun 30, 2025 557.87 Mn
Mar 31, 2025 574.28 Mn
Dec 31, 2024 582.02 Mn
Sep 30, 2024 737.19 Mn
Jun 30, 2024 612.42 Mn
Mar 31, 2024 627.67 Mn
Dec 31, 2023 654.22 Mn
Sep 30, 2023 796.16 Mn
Jun 30, 2023 817.00 Mn
Mar 31, 2023 705.71 Mn
Dec 31, 2022 707.91 Mn
Sep 30, 2022 705.03 Mn
Jun 30, 2022 782.27 Mn
Mar 31, 2022 668.98 Mn
Dec 31, 2021 703.11 Mn
Sep 30, 2021 870.64 Mn
Jun 30, 2021 757.54 Mn