Ultrapar Holdings (UGP) Operating Expenses (2009 - 2026)

Ultrapar Holdings (UGP) has reported Operating Expenses for 18 consecutive years, with -$124.6 million the latest figure, recorded in Q1 2026.

• In Q1 2026, Operating Expenses fell 40.84% year-over-year to -$124.6 million; the TTM figure through Mar 2026 stood at -$440.3 million (up 47.71% YoY), while the FY2025 annual figure was $417.2 million, up 29.52% from the prior year.
• Operating Expenses slipped to -$124.6 million in Q1 2026 per UGP's latest filing, from -$115.4 million in the prior quarter.
• Across five years, Operating Expenses topped out at -$64.7 million in Q1 2022 and bottomed at -$326.0 million in Q4 2022.
• Historically, Operating Expenses has averaged -$145.6 million across 5 years, with a median of -$110.3 million in 2023.
• Annual changes were most pronounced in 2022 — Operating Expenses sank 4861705.82% — and 2023, when it jumped 66.17%.
• Ultrapar Holdings' Operating Expenses stood at -$326.0 million in 2022, then surged by 66.17% to -$110.3 million in 2023, then plunged by 192.06% to -$322.1 million in 2024, then jumped by 64.18% to -$115.4 million in 2025, then fell by 7.99% to -$124.6 million in 2026.
• Business Quant data shows UGP's Operating Expenses at -$124.6 million in Q1 2026, -$115.4 million in Q4 2025, and -$104.8 million in Q3 2025.