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

Ulta Beauty (ULTA) has reported Cost of Revenue for 17 consecutive years, with $2.4 billion the latest figure, recorded in Q1 2026.

• Cost of Revenue for Q1 2026 came in at $2.4 billion, up 12.11% year-over-year; the trailing twelve-month figure through Jan 2026 was $7.5 billion (up 9.25% YoY), and the FY2026 annual result was $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.
• Over five years, Cost of Revenue peaked at $2.4 billion in Q1 2026 and troughed at $1.4 billion in Q3 2022.
• Average Cost of Revenue over 5 years is $1.7 billion, with a median of $1.7 billion recorded in 2024.
• Year-over-year, Cost of Revenue advanced 19.22% in 2022 and declined 2.7% in 2025.
• Over 5 years, Cost of Revenue stood at $1.4 billion in 2022, then grew by 8.79% to $1.5 billion in 2023, then increased by 1.84% to $1.5 billion in 2024, then advanced by 11.64% to $1.7 billion in 2025, then jumped by 41.88% to $2.4 billion in 2026.
• Per Business Quant data, the three most recent Cost of Revenue figures were $2.4 billion in Q1 2026, $1.7 billion in Q4 2025, and $1.7 billion in Q3 2025.