Ulta Beauty (ULTA) Cost of Revenue (2010 - 2026)
Ulta Beauty (ULTA) recorded Cost of Revenue of $1.85 billion in fiscal Q2 2027 (quarter ended Aug 1, 2026), up 9.0% from $1.7 billion a year earlier but down 2.5% from the prior quarter.
Powered by 
Analysis
Ulta Beauty (ULTA) Cost of Revenue (2010 - 2026) Analysis & Trends
On a TTM basis, Ulta Beauty's Cost of Revenue came in at $7.86 billion as of Aug 1, 2026, up 10.6% year-over-year; for FY2026 (ended Jan 31, 2026), it was $7.55 billion, up 9.3% from FY2025.
- Annual Cost of Revenue has increased for five straight fiscal years, with a five-year compound annual growth rate of 12.4% (FY2021 to FY2026).
- Across earlier fiscal years, Cost of Revenue came in at $6.91 billion in FY2025 (+1.2%), $6.83 billion in FY2024 (+10.7%), $6.16 billion in FY2023 (+17.1%) and $5.26 billion in FY2022 (+25.2%).
- Quarterly Cost of Revenue has ranged from $1.21 billion in fiscal Q3 2022 to $2.41 billion in fiscal Q4 2026 over the past five years.
- On a year-over-year basis, Cost of Revenue has increased for six consecutive quarters, with growth averaging 6.7% over the last eight quarters.
- Peak year-over-year performance for Cost of Revenue in the last five years was growth of 19.8% in fiscal Q3 2022, against a decline of 2.7% in fiscal Q4 2025 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at $1.9 billion (Q1 2027), $2.41 billion (Q4 2026) and $1.7 billion (Q3 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,674.18 Bn | 2,190.88 Bn | 104.83 Bn | 95.78 Bn |
| 2 | Home Depot | 319.00 Bn | 312.24 Bn | 16.12 Bn | 31.75 Bn |
| 3 | Tjx Companies | 159.67 Bn | 137.22 Bn | 5.07 Bn | 10.11 Bn |
| 4 | Lowes Companies | 111.47 Bn | 104.43 Bn | 8.58 Bn | 17.38 Bn |
| 5 | O Reilly Automotive | 73.39 Bn | 72.48 Bn | 2.52 Bn | 2.38 Bn |
| 6 | Ross Stores | 73.30 Bn | 56.23 Bn | 2.12 Bn | 4.15 Bn |
| 7 | Target | 69.39 Bn | 63.98 Bn | 8.94 Bn | 17.60 Bn |
| 8 | Carvana | 63.54 Bn | 55.14 Bn | 1.38 Bn | 5.99 Bn |
| 9 | Autozone | 52.26 Bn | 51.16 Bn | 2.52 Bn | 2.32 Bn |
| 10 | Ulta Beauty | 26.73 Bn | 25.60 Bn | 1.19 Bn | 1.85 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 1, 2026 | 1.85 Bn |
| May 2, 2026 | 1.90 Bn |
| Jan 31, 2026 | 2.41 Bn |
| Nov 1, 2025 | 1.70 Bn |
| Aug 2, 2025 | 1.70 Bn |
| May 3, 2025 | 1.73 Bn |
| Feb 1, 2025 | 2.15 Bn |
| Nov 2, 2024 | 1.52 Bn |
| Aug 3, 2024 | 1.57 Bn |
| May 4, 2024 | 1.66 Bn |
| Feb 3, 2024 | 2.21 Bn |
| Oct 28, 2023 | 1.50 Bn |
| Jul 29, 2023 | 1.54 Bn |
| Apr 29, 2023 | 1.58 Bn |
| Jan 28, 2023 | 2.01 Bn |
| Oct 29, 2022 | 1.38 Bn |
| Jul 30, 2022 | 1.37 Bn |
| Apr 30, 2022 | 1.40 Bn |
| Jan 29, 2022 | 1.70 Bn |
| Oct 30, 2021 | 1.21 Bn |
API Access
Ulta Beauty Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=ULTA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "ULTA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=ULTA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();