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

Ulta Beauty (ULTA) has 17 years of Cost of Revenue data on file, last reported at $2.4 billion in 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 improved to $2.4 billion in Q1 2026, from $1.7 billion in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $2.4 billion in Q1 2026 to a low of $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 rose 19.22% — and 2025, when it slipped 2.7%.
• Tracing ULTA's Cost of Revenue over 5 years: stood at $1.4 billion in 2022, then gained by 8.79% to $1.5 billion in 2023, then advanced by 1.84% to $1.5 billion in 2024, then increased by 11.64% to $1.7 billion in 2025, then jumped by 41.88% to $2.4 billion in 2026.
• The last three Cost of Revenue figures came in at $2.4 billion (Q1 2026), $1.7 billion (Q4 2025), and $1.7 billion (Q3 2025), per Business Quant data.