Ulta Beauty (ULTA) Operating Expenses (2010 - 2026)

Ulta Beauty has reported Operating Expenses for 17 years, with the latest figure at $1.0 billion in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses rose 23.17% year-over-year to $1.0 billion; the trailing twelve-month figure through Jan 2026 stood at $3.3 billion (up 17.36% YoY), and the FY2026 full-year result was $3.3 billion, up 17.36% from the prior year.
• Operating Expenses for Q1 2026 stood at $1.0 billion, up from $846.2 million in the prior quarter.
• The five-year high for Operating Expenses was $1.0 billion in Q1 2026, with the low at $503.3 million in Q2 2022.
• Historically, Operating Expenses has averaged $699.7 million across 5 years, with a median of $668.8 million in 2024.
• Annual changes were most pronounced in 2022 — Operating Expenses gained 26.21% — and 2025, when it dropped 0.75%.
• Ulta Beauty's Operating Expenses stood at $601.0 million in 2022, then increased by 10.63% to $664.8 million in 2023, then rose by 3.35% to $687.1 million in 2024, then gained by 23.15% to $846.2 million in 2025, then increased by 18.96% to $1.0 billion in 2026.
• The last three Operating Expenses figures came in at $1.0 billion (Q1 2026), $846.2 million (Q4 2025), and $746.8 million (Q3 2025), per Business Quant data.