Ulta Beauty (ULTA) Cost of Revenue (2010 - 2026)

Ulta Beauty's Cost of Revenue history runs 17 years deep, the most recent figure standing at $2.4 billion for Q1 2026.

• Quarterly Cost of Revenue rose 12.11% year-over-year to $2.4 billion in Q1 2026, while the trailing twelve-month figure through Jan 2026 was $7.5 billion (up 9.25% YoY) and the FY2026 annual result came in at $7.5 billion, up 9.25% from the prior year.
• Cost of Revenue was $2.4 billion for Q1 2026 at Ulta Beauty, up from $1.7 billion in the prior quarter.
• Across five years, Cost of Revenue topped out at $2.4 billion in Q1 2026 and bottomed at $1.4 billion in Q3 2022.
• A 5-year average of $1.7 billion and a median of $1.7 billion in 2024 frame the typical range for Cost of Revenue.
• Annual changes were most pronounced in 2022 — Cost of Revenue climbed 19.22% — and 2025, when it fell 2.7%.
• Ulta Beauty's Cost of Revenue stood at $1.4 billion in 2022, then climbed by 8.79% to $1.5 billion in 2023, then grew by 1.84% to $1.5 billion in 2024, then gained by 11.64% to $1.7 billion in 2025, then soared by 41.88% to $2.4 billion in 2026.
• Business Quant data shows ULTA's Cost of Revenue at $2.4 billion in Q1 2026, $1.7 billion in Q4 2025, and $1.7 billion in Q3 2025.