Ulta Beauty's Cost of Revenue rose 1164.36% to $1.7 billion in Q4 2025 from the same period last year, while for Nov 2025 it was $7.3 billion, marking a year-over-year increase of 457.33%. This contributed to the annual value of $6.9 billion for FY2025, which is 120.42% up from last year.
Latest data reveals that Ulta Beauty reported Cost of Revenue of $1.7 billion as of Q4 2025, which was up 1164.36% from $1.7 billion recorded in Q3 2025.
Over the past 5 years, Ulta Beauty's Cost of Revenue peaked at $2.2 billion during Q1 2024, and registered a low of $1.2 billion during Q3 2021.
Over the past 5 years, Ulta Beauty's median Cost of Revenue value was $1.6 billion (recorded in 2023), while the average stood at $1.6 billion.
Data for Ulta Beauty's Cost of Revenue shows a peak YoY increase of 3623.78% (in 2021) and a maximum YoY decrease of 476.04% (in 2021) over the last 5 years.
Quarter analysis of 5 years shows Ulta Beauty's Cost of Revenue stood at $1.2 billion in 2021, then rose by 14.07% to $1.4 billion in 2022, then grew by 8.79% to $1.5 billion in 2023, then rose by 1.84% to $1.5 billion in 2024, then rose by 11.64% to $1.7 billion in 2025.
Its Cost of Revenue stands at $1.7 billion for Q4 2025, versus $1.7 billion for Q3 2025 and $1.7 billion for Q2 2025.

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